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Euroseas (Euroseas) Days Inventory : 10.87 (As of Mar. 2024)


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What is Euroseas Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Euroseas's Average Total Inventories for the three months ended in Mar. 2024 was $2.8 Mil. Euroseas's Cost of Goods Sold for the three months ended in Mar. 2024 was $23.5 Mil. Hence, Euroseas's Days Inventory for the three months ended in Mar. 2024 was 10.87.

The historical rank and industry rank for Euroseas's Days Inventory or its related term are showing as below:

ESEA' s Days Inventory Range Over the Past 10 Years
Min: 12.26   Med: 16.58   Max: 22.63
Current: 12.77

During the past 13 years, Euroseas's highest Days Inventory was 22.63. The lowest was 12.26. And the median was 16.58.

ESEA's Days Inventory is ranked worse than
53.62% of 774 companies
in the Transportation industry
Industry Median: 11.41 vs ESEA: 12.77

Euroseas's Days Inventory declined from Mar. 2023 (13.71) to Mar. 2024 (10.87).

Inventory Turnover measures how fast the company turns over its inventory within a year. Euroseas's Inventory Turnover for the three months ended in Mar. 2024 was 8.39.

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. Euroseas's Inventory-to-Revenue for the three months ended in Mar. 2024 was 0.06.


Euroseas Days Inventory Historical Data

The historical data trend for Euroseas'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.

Euroseas Days Inventory Chart

Euroseas 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 20.53 15.92 17.24 12.26 12.72

Euroseas Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 13.71 14.09 13.92 12.42 10.87

Competitive Comparison of Euroseas's Days Inventory

For the Marine Shipping subindustry, Euroseas'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.


Euroseas's Days Inventory Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Euroseas's Days Inventory distribution charts can be found below:

* The bar in red indicates where Euroseas's Days Inventory falls into.



Euroseas Days Inventory Calculation

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

Euroseas'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
=( (2.306 + 2.538) / 2 ) / 69.497*365
=2.422 / 69.497*365
=12.72

Euroseas's Days Inventory for the quarter that ended in Mar. 2024 is calculated as:

Days Inventory (Q: Mar. 2024 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (Q: Dec. 2023 ) + Total Inventories (Q: Mar. 2024 )) / count ) / Cost of Goods Sold (Q: Mar. 2024 )*Days in Period
=( (2.538 + 3.06) / 2 ) / 23.494*365 / 4
=2.799 / 23.494*365 / 4
=10.87

* 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.


Euroseas  (NAS:ESEA) 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.

Euroseas's Inventory Turnover for the three months ended in Mar. 2024 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.

Euroseas's Inventory to Revenue for the three months ended in Mar. 2024 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.


Euroseas Days Inventory Related Terms

Thank you for viewing the detailed overview of Euroseas's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.


Euroseas (Euroseas) Business Description

Traded in Other Exchanges
Address
4 Messogiou and Evropis Street, Maroussi, GRC, 151 24
Euroseas Ltd is a shipping company. Its fleet consists of containerships that transport container boxes providing scheduled service between ports. Its operations are managed by an affiliated ship management company, which is responsible for the day-to-day commercial and technical management and operations of the vessels. The company employs its vessels on spot and period charters and through pool arrangements.

Euroseas (Euroseas) Headlines

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