Great Eastern Shipping Co (NSE:GESHIP) Days Inventory : 35.93 (As of Mar. 2024)

View and export this data going back to 2006. Start your Free Trial

What is Great Eastern Shipping Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Great Eastern Shipping Co's Average Total Inventories for the three months ended in Mar. 2024 was ₹2,474 Mil. Great Eastern Shipping Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹6,283 Mil. Hence, Great Eastern Shipping Co's Days Inventory for the three months ended in Mar. 2024 was 35.93.

The historical rank and industry rank for Great Eastern Shipping Co's Days Inventory or its related term are showing as below:

NSE:GESHIP' s Days Inventory Range Over the Past 10 Years
Min: 23.2 Med: 27.59 Max: 35.04
Current: 35.04

During the past 13 years, Great Eastern Shipping Co's highest Days Inventory was 35.04. The lowest was 23.20. And the median was 27.59.

NSE:GESHIP's Days Inventory is ranked worse than
80.41% of 781 companies
in the Transportation industry
Industry Median: 11.46 vs NSE:GESHIP: 35.04

Great Eastern Shipping Co's Days Inventory increased from Mar. 2023 (30.32) to Mar. 2024 (35.93). It might indicate that Great Eastern Shipping Co's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Great Eastern Shipping Co's Inventory Turnover for the three months ended in Mar. 2024 was 2.54.

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. Great Eastern Shipping Co's Inventory-to-Revenue for the three months ended in Mar. 2024 was 0.17.

Great Eastern Shipping Co Days Inventory Historical Data

The historical data trend for Great Eastern Shipping Co'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.

Great Eastern Shipping Co Days Inventory Chart

Great Eastern Shipping Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Inventory

Get a 7-Day Free Trial

29.91

33.42

31.54

30.91

32.51

Great Eastern Shipping Co 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															30.32	30.87	38.85	39.16	35.93

Competitive Comparison of Great Eastern Shipping Co's Days Inventory

For the Marine Shipping subindustry, Great Eastern Shipping Co'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.

Great Eastern Shipping Co's Days Inventory Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Great Eastern Shipping Co's Days Inventory distribution charts can be found below:

* The bar in red indicates where Great Eastern Shipping Co's Days Inventory falls into.

Great Eastern Shipping Co Days Inventory Calculation

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

Great Eastern Shipping Co's Days Inventory for the fiscal year that ended in Mar. 2024 is calculated as

	Days Inventory (A: Mar. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Mar. 2023 )	+	Total Inventories (A: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2024 )	*	Days in Period
=	( (2044.8	+	2473.8)	/	2 )	/	25368.3	*	365
=	2259.3					/	25368.3	*	365
=	32.51

Great Eastern Shipping Co'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
=	( (0	+	2473.8)	/	1 )	/	6283.2	*	365 / 4
=	2473.8					/	6283.2	*	365 / 4
=	35.93

Great Eastern Shipping Co (NSE:GESHIP) 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.

Great Eastern Shipping Co's Inventory Turnover for the three months ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	6283.2	/	2473.8
	=	2.54

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.

Great Eastern Shipping Co's Inventory to Revenue for the three months ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	2473.8	/	14973.3
	=	0.17

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.

Great Eastern Shipping Co Days Inventory Related Terms

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

Great Eastern Shipping Co (NSE:GESHIP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Great Eastern Shipping Co Ltd (NSE:GESHIP) » Definitions » Days Inventory

Traded in Other Exchanges

500620:India

Address

Dr. Annie Besant Road, 134/A, Ocean House, Worli, Mumbai, MH, IND, 400 018

Website

https://www.greatship.com

Great Eastern Shipping Co Ltd is a shipping company. It is involved in the bulk shipping business such as transportation of crude oil, petroleum products, gas, and dry bulk commodities. The company organizes itself into two segments: shipping and offshore. It generates a majority of its revenue from the Shipping business.

Great Eastern Shipping Co (NSE:GESHIP) Headlines

No Headlines