Precious Shipping PCL (Precious Shipping PCL) Inventory Turnover

: 9.23 (As of Dec. 2023)

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Inventory Turnover measures how fast the company turns over its inventory within a year. It is calculated as Cost of Goods Sold divided by Total Inventories. Precious Shipping PCL's Cost of Goods Sold for the three months ended in Dec. 2023 was $27.4 Mil. Precious Shipping PCL's Average Total Inventories for the quarter that ended in Dec. 2023 was $3.0 Mil. Precious Shipping PCL's Inventory Turnover for the quarter that ended in Dec. 2023 was 9.23.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Precious Shipping PCL's Days Inventory for the three months ended in Dec. 2023 was 9.89.

Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue. Precious Shipping PCL's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.07.

Precious Shipping PCL Inventory Turnover Historical Data

The historical data trend for Precious Shipping PCL's Inventory Turnover can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Precious Shipping PCL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

24.64

25.63

37.09

30.27

29.66

Precious Shipping PCL Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Inventory Turnover																5.37	6.64	7.46	9.61	9.23

Precious Shipping PCL Inventory Turnover Calculation

Precious Shipping PCL's Inventory Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Inventory Turnover (A: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2023 )	/ (	(Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )
=	105.379	/ (	(3.821	+	3.285)	/	2 )
=	105.379	/	3.553
=	29.66

Precious Shipping PCL's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

	Inventory Turnover (Q: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2023 )	/ (	(Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	27.374	/ (	(2.646	+	3.285)	/	2 )
=	27.374	/	2.9655
=	9.23

Precious Shipping PCL (OTCPK:PSGFF) Inventory Turnover Explanation

Inventory Turnover measures how fast the company turns over its inventory within a year. A higher Inventory Turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.

1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Precious Shipping PCL's Days Inventory for the three months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	2.9655	/	27.374	*	365 / 4
	=	9.89

2. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.

Precious Shipping PCL's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	2.9655	/	42.308
	=	0.07

Be Aware

Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate Inventory Turnover. An average inventory is a better indication.

Precious Shipping PCL Inventory Turnover Related Terms

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Precious Shipping PCL (Precious Shipping PCL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Precious Shipping PCL (OTCPK:PSGFF) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

PSL:Thailand PZ9:Germany

Address

No. 8 North Sathorn Road, G, Cathay House, 7th, 8th and 9th floor, Silom, Bangrak, Bangkok, THA, 10500

Website

https://www.preciousshipping.com

Precious Shipping PCL is a Thailand-based holding company engaged in the marine transportation business. It's involved in the business of owning and operating (chartering) small handy-sized and supramax dry bulk vessels, on a tramp shipping basis without any set routes. The chartering of the vessels is undertaken in two ways: time charter and voyage charge. This is the only industry segment in which the Group mainly operates and almost the majority of the revenue is generated from this segment.

Precious Shipping PCL (Precious Shipping PCL) Headlines

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