Baltic Trading (FRA:L8B) Days Inventory : 28.44 (As of Mar. 2015)

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What is Baltic Trading Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Baltic Trading's Average Total Inventories for the three months ended in Mar. 2015 was €2.05 Mil. Baltic Trading's Cost of Goods Sold for the three months ended in Mar. 2015 was €6.59 Mil. Hence, Baltic Trading's Days Inventory for the three months ended in Mar. 2015 was 28.44.

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

FRA:L8B's Days Inventory is not ranked ^*
in the Transportation industry.
Industry Median: 11.49
* Ranked among companies with meaningful Days Inventory only.

Baltic Trading's Days Inventory increased from Mar. 2014 (26.16) to Mar. 2015 (28.44). It might indicate that Baltic Trading's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Baltic Trading's Inventory Turnover for the three months ended in Mar. 2015 was 3.21.

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. Baltic Trading's Inventory-to-Revenue for the three months ended in Mar. 2015 was 0.32.

Baltic Trading Days Inventory Historical Data

The historical data trend for Baltic Trading'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.

Baltic Trading Days Inventory Chart

Baltic Trading Annual Data

Trend

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Days Inventory

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38.54

29.61

Baltic Trading Quarterly Data
	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15
Days Inventory	Get a 7-Day Free Trial															26.16	29.21	31.85	33.33	28.44

Competitive Comparison of Baltic Trading's Days Inventory

For the Marine Shipping subindustry, Baltic Trading'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.

Baltic Trading's Days Inventory Distribution in the Transportation Industry

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

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

Baltic Trading Days Inventory Calculation

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

Baltic Trading's Days Inventory for the fiscal year that ended in Dec. 2014 is calculated as

	Days Inventory (A: Dec. 2014 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2013 )	+	Total Inventories (A: Dec. 2014 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2014 )	*	Days in Period
=	( (1.48	+	2.052)	/	2 )	/	21.772	*	365
=	1.766					/	21.772	*	365
=	29.61

Baltic Trading's Days Inventory for the quarter that ended in Mar. 2015 is calculated as:

	Days Inventory (Q: Mar. 2015 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Dec. 2014 )	+	Total Inventories (Q: Mar. 2015 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2015 )	*	Days in Period
=	( (2.052	+	0)	/	1 )	/	6.585	*	365 / 4
=	2.052					/	6.585	*	365 / 4
=	28.44

Baltic Trading (FRA:L8B) 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.

Baltic Trading's Inventory Turnover for the three months ended in Mar. 2015 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	6.585	/	2.052
	=	3.21

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.

Baltic Trading's Inventory to Revenue for the three months ended in Mar. 2015 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	2.052	/	6.386
	=	0.32

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.

Baltic Trading Days Inventory Related Terms

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

Baltic Trading (FRA:L8B) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Baltic Trading Ltd (FRA:L8B) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

http://www.baltictrading.com

Baltic Trading Ltd is a New York City-based company incorporated in October 2009 in the Marshall Islands to conduct shipping business focused on the drybulk industry spot market. The Company's fleet currently consists of four Capesize vessels, four Supramax vessels and five Handysize vessels with an aggregate carrying capacity of approximately 1,095,000 deadweight tons. Its fleet contains five groups of sister ships, which are vessels of virtually identical sizes and specifications. It operates a fleet of drybulk ships that transports iron ore, coal, grain, steel products and other drybulk cargoes along worldwide shipping routes. It plans to operate all of its vessels in the spot market, on spot market-related time charters, or in vessel pools trading in the spot market. Its customers include national, regional and international companies, including Cargill International S.A. ('Cargill'), Klaveness Chartering ('Klaveness'), Resource Marine PTE Ltd. (part of the Macquarie group of Companies) ('Resource Marine'), and Swissmarine Services S.A. ('Swissmarine'). The Company competes with other owners of drybulk carriers in the Capesize, Supramax and Handysize class sectors, some of whom may also charter its vessels as customers. The Company is subject to international conventions and treaties, national, state and local laws and regulations in force in the countries in which its vessels may operate or are atregistered relating to safety and health and environmental protection including the storage, handling, emission, transportation and discharge of hazardous and non-hazardous merials, and the remediation of contamination and liability for damage to natural resources.

Baltic Trading (FRA:L8B) Headlines

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