Flex LNG (OSL:FLNG) Change In Inventory : kr-2 Mil (TTM As of Mar. 2024)

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What is Flex LNG Change In Inventory?

Flex LNG's change in inventory for the quarter that ended in Mar. 2024 was kr-3 Mil. It means Flex LNG's inventory increased by kr3 Mil from Dec. 2023 to Mar. 2024 .

Flex LNG's change in inventory for the fiscal year that ended in Dec. 2023 was kr2 Mil. It means Flex LNG's inventory declined by kr2 Mil from Dec. 2022 to Dec. 2023 .

Flex LNG's Total Inventories for the quarter that ended in Mar. 2024 was kr57 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Flex LNG's Days Inventory for the quarter that ended in Mar. 2024 was 13.35.

Inventory Turnover measures how fast the company turns over its inventory within a year. Flex LNG's Inventory Turnover for the quarter that ended in Mar. 2024 was 6.84.

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. Flex LNG's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.06.

Flex LNG Change In Inventory Historical Data

The historical data trend for Flex LNG's Change In Inventory 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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Flex LNG Change In Inventory Chart

Flex LNG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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-15.98

-8.45

-25.12

11.79

1.78

Flex LNG Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Change In Inventory	Get a 7-Day Free Trial															0.86	-4.38	4.57	0.71	-3.34

Flex LNG Change In Inventory Calculation

Change In Inventory is the difference between last period's ending inventory and the current period's ending inventory.

Change In Inventory for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was kr-2 Mil.

Flex LNG (OSL:FLNG) Change In Inventory Explanation

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

Flex LNG's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	55.538	/	379.648	*	365 / 4
	=	13.35

2. Inventory Turnover measures how fast the company turns over its inventory within a year.

Flex LNG's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	379.648	/	55.538
	=	6.84

3. 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.

Flex LNG's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	55.538	/	957.583
	=	0.06

Flex LNG Change In Inventory Related Terms

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Flex LNG (OSL:FLNG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Flex LNG Ltd (OSL:FLNG) » Definitions » Change In Inventory

Comparable Companies

Traded in Other Exchanges

FLNG:USA FLNGo:Sweden FLNGo:UK 0RQ8:UK 0QQA:Germany

Address

14 Par-la-Ville Road, Par-la-Ville Place, Hamilton, BMU, HM08

Website

https://www.flexlng.com

Flex LNG Ltd is an LNG shipping company with a fleet of next-generation LNG carriers with large cargo capacity. The fleet consists of thirteen modern LNG ships, ten existing and three under construction for delivery. All LNG carriers are equipped with slow-speed, two-stroke engines MEGI or X-DF propulsion which will provide Charterers with state-of-the-art tonnage offering significant advantages in form of reduced fuel consumption and lowered boil-off rates.

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