Tsakos Energy Navigation (Tsakos Energy Navigation) Change In Inventory : $0.0 Mil (TTM As of Dec. 2023)

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What is Tsakos Energy Navigation Change In Inventory?

Tsakos Energy Navigation's change in inventory for the quarter that ended in Dec. 2023 was $0.0 Mil. It means Tsakos Energy Navigation's inventory stayed the same from Sep. 2023 to Dec. 2023 .

Tsakos Energy Navigation's change in inventory for the fiscal year that ended in Dec. 2023 was $3.7 Mil. It means Tsakos Energy Navigation's inventory declined by $3.7 Mil from Dec. 2022 to Dec. 2023 .

Tsakos Energy Navigation's Total Inventories for the quarter that ended in Dec. 2023 was $22.5 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Tsakos Energy Navigation's Days Inventory for the quarter that ended in Dec. 2023 was 7.93.

Inventory Turnover measures how fast the company turns over its inventory within a year. Tsakos Energy Navigation's Inventory Turnover for the quarter that ended in Dec. 2023 was 11.51.

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. Tsakos Energy Navigation's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.05.

Tsakos Energy Navigation Change In Inventory Historical Data

The historical data trend for Tsakos Energy Navigation'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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Tsakos Energy Navigation Change In Inventory Chart

Tsakos Energy Navigation Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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7.36

-8.78

-1.11

-3.30

3.70

Tsakos Energy Navigation Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Change In Inventory	Get a 7-Day Free Trial															-	-	-	-	-

Tsakos Energy Navigation 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $0.0 Mil.

Tsakos Energy Navigation (NYSE:TNP) Change In Inventory Explanation

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

Tsakos Energy Navigation's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	11.2565	/	129.594	*	365 / 4
	=	7.93

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

Tsakos Energy Navigation's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	129.594	/	11.2565
	=	11.51

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.

Tsakos Energy Navigation's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	11.2565	/	220.241
	=	0.05

Tsakos Energy Navigation Change In Inventory Related Terms

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Tsakos Energy Navigation (Tsakos Energy Navigation) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Tsakos Energy Navigation Ltd (NYSE:TNP) » Definitions » Change In Inventory

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Traded in Other Exchanges

TNPpF.PFD:USA TNPpE.PFD:USA TK41:Germany

Address

367 Syngrou Avenue, Ktirio Macedonia, P.O Box 79141, Palaio Faliro, Athens, GRC, 175 64

Website

https://www.tenn.gr

Tsakos Energy Navigation Ltd is a seaborne transportation service provider for crude oil and petroleum products. The company's carriers cater to national and international independent oil companies and refiners. It generates revenue through charter contracts with its clients, which include time, bareboat, and voyage charters, contracts of affreightment, and pool arrangements.