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Dynagas LNG Partners LP (Dynagas LNG Partners LP) Days Inventory : 4.01 (As of Dec. 2023)


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What is Dynagas LNG Partners LP Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Dynagas LNG Partners LP's Average Total Inventories for the three months ended in Dec. 2023 was $0.8 Mil. Dynagas LNG Partners LP's Cost of Goods Sold for the three months ended in Dec. 2023 was $17.1 Mil. Hence, Dynagas LNG Partners LP's Days Inventory for the three months ended in Dec. 2023 was 4.01.

The historical rank and industry rank for Dynagas LNG Partners LP's Days Inventory or its related term are showing as below:

DLNG' s Days Inventory Range Over the Past 10 Years
Min: 2.55   Med: 4.31   Max: 5.73
Current: 4.92

During the past 13 years, Dynagas LNG Partners LP's highest Days Inventory was 5.73. The lowest was 2.55. And the median was 4.31.

DLNG's Days Inventory is ranked better than
88.61% of 729 companies
in the Oil & Gas industry
Industry Median: 31.44 vs DLNG: 4.92

Dynagas LNG Partners LP's Days Inventory declined from Dec. 2022 (4.89) to Dec. 2023 (4.01).

Inventory Turnover measures how fast the company turns over its inventory within a year. Dynagas LNG Partners LP's Inventory Turnover for the three months ended in Dec. 2023 was 22.77.

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. Dynagas LNG Partners LP's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.02.


Dynagas LNG Partners LP Days Inventory Historical Data

The historical data trend for Dynagas LNG Partners LP's Days 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.

* Premium members only.

Dynagas LNG Partners LP Days Inventory Chart

Dynagas LNG Partners LP Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Days Inventory
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.73 4.38 4.90 4.23 3.42

Dynagas LNG Partners LP Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Days Inventory Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 4.89 5.09 10.03 4.65 4.01

Competitive Comparison of Dynagas LNG Partners LP's Days Inventory

For the Oil & Gas Midstream subindustry, Dynagas LNG Partners LP's Days Inventory, along with its competitors' market caps and Days Inventory data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Dynagas LNG Partners LP's Days Inventory Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Dynagas LNG Partners LP's Days Inventory distribution charts can be found below:

* The bar in red indicates where Dynagas LNG Partners LP's Days Inventory falls into.



Dynagas LNG Partners LP Days Inventory Calculation

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

Dynagas LNG Partners LP's Days Inventory for the fiscal year that ended in Dec. 2023 is calculated as

Days Inventory (A: Dec. 2023 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (A: Dec. 2022 ) + Total Inventories (A: Dec. 2023 )) / count ) / Cost of Goods Sold (A: Dec. 2023 )*Days in Period
=( (0.885 + 0.751) / 2 ) / 87.346*365
=0.818 / 87.346*365
=3.42

Dynagas LNG Partners LP's Days Inventory for the quarter that ended in Dec. 2023 is calculated as:

Days Inventory (Q: Dec. 2023 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (Q: Sep. 2023 ) + Total Inventories (Q: Dec. 2023 )) / count ) / Cost of Goods Sold (Q: Dec. 2023 )*Days in Period
=( (0 + 0.751) / 1 ) / 17.101*365 / 4
=0.751 / 17.101*365 / 4
=4.01

* 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.


Dynagas LNG Partners LP  (NYSE:DLNG) Days Inventory Explanation

Days Inventory indicates the liquidity of the inventory. Generally, a lower Days Inventory is preferred as it indicates a shorter duration to clear off the inventory. An increase of the ratio may indicate the company's sales slowed. Similar ratios related to Days Inventory are:

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

Dynagas LNG Partners LP's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

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.

Dynagas LNG Partners LP's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

* 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.


Be Aware

A lot of business are seasonable. It makes more sense to compare Days Inventory from the same period in the previous year instead of from the previous quarter.


Dynagas LNG Partners LP Days Inventory Related Terms

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Dynagas LNG Partners LP (Dynagas LNG Partners LP) Business Description

Traded in Other Exchanges
Address
Poseidonos Avenue and Foivis 2 Street, 166 74 Glyfada, Athens, GRC, 98000
Dynagas LNG Partners LP is a limited partnership company focused on owning and operating high specification and versatile LNG carriers that are employed on multi-year contracts with international energy companies, providing the benefits of stable cash flows and high utilization rates. The company defines charters of two years or more as multi-year charters. Its current LNG Carrier fleet is optimized for trading flexibility. In addition to conventional trade, part of LNG Carrier fleet is assigned with Ice Class 1A FS notation and are winterized which enables trade in subzero and ice bound conditions.