PANL (Pangaea Logistics Solutions) Days Inventory : 19.22 (As of Sep. 2024)

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What is Pangaea Logistics Solutions Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Pangaea Logistics Solutions's Average Total Inventories for the three months ended in Sep. 2024 was $27.8 Mil. Pangaea Logistics Solutions's Cost of Goods Sold for the three months ended in Sep. 2024 was $132.1 Mil. Hence, Pangaea Logistics Solutions's Days Inventory for the three months ended in Sep. 2024 was 19.22.

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

PANL' s Days Inventory Range Over the Past 10 Years
Min: 12.69 Med: 17.89 Max: 20.27
Current: 19.47

During the past 11 years, Pangaea Logistics Solutions's highest Days Inventory was 20.27. The lowest was 12.69. And the median was 17.89.

PANL's Days Inventory is ranked worse than
66.93% of 768 companies
in the Transportation industry
Industry Median: 11.98 vs PANL: 19.47

Pangaea Logistics Solutions's Days Inventory declined from Sep. 2023 (22.23) to Sep. 2024 (19.22).

Inventory Turnover measures how fast the company turns over its inventory within a year. Pangaea Logistics Solutions's Inventory Turnover for the three months ended in Sep. 2024 was 4.75.

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. Pangaea Logistics Solutions's Inventory-to-Revenue for the three months ended in Sep. 2024 was 0.18.

Pangaea Logistics Solutions Days Inventory Historical Data

The historical data trend for Pangaea Logistics Solutions'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.

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Pangaea Logistics Solutions Days Inventory Chart

Pangaea Logistics Solutions Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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20.27

19.57

12.69

17.99

19.37

Pangaea Logistics Solutions Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Days Inventory	Get a 7-Day Free Trial															22.23	17.01	20.43	19.59	19.22

Competitive Comparison of Pangaea Logistics Solutions's Days Inventory

For the Marine Shipping subindustry, Pangaea Logistics Solutions'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.

Pangaea Logistics Solutions's Days Inventory Distribution in the Transportation Industry

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

* The bar in red indicates where Pangaea Logistics Solutions's Days Inventory falls into.

Pangaea Logistics Solutions Days Inventory Calculation

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

Pangaea Logistics Solutions'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
=	( (29.104	+	16.556)	/	2 )	/	430.131	*	365
=	22.83					/	430.131	*	365
=	19.37

Pangaea Logistics Solutions's Days Inventory for the quarter that ended in Sep. 2024 is calculated as:

	Days Inventory (Q: Sep. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Jun. 2024 )	+	Total Inventories (Q: Sep. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
=	( (28.89	+	26.743)	/	2 )	/	132.072	*	365 / 4
=	27.8165					/	132.072	*	365 / 4
=	19.22

Pangaea Logistics Solutions (NAS:PANL) 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.

Pangaea Logistics Solutions's Inventory Turnover for the three months ended in Sep. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	132.072	/	27.8165
	=	4.75

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.

Pangaea Logistics Solutions's Inventory to Revenue for the three months ended in Sep. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	27.8165	/	153.115
	=	0.18

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.

Pangaea Logistics Solutions Days Inventory Related Terms

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

Pangaea Logistics Solutions Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Pangaea Logistics Solutions Ltd (NAS:PANL) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

PGA:Germany

Address

C/o Phoenix Bulk Carriers (US) LLC, 109 Long Wharf, Newport, RI, USA, 02840

Website

https://www.pangaeals.com

Pangaea Logistics Solutions Ltd and its subsidiaries provide seaborne drybulk transportation services. It transports drybulk cargos including grains, coal, iron, ore, pig, iron, hot briquetted iron, bauxite, alumina, cement clinker, dolomite, and limestone. The firm's services include cargo loading, cargo discharge, vessel chartering, voyage planning and technical vessel management. The company derives all of its revenues from contracts of affreightment, voyage charters and time charters.

Executives

David Sgro	director	777 THIRD AVENUE, 37TH FLOOR, NEW YORK NY 10017
Eric Rosenfeld	director	777 THIRD AVENUE, 37TH FLOOR, NEW YORK NY 10017
Petersen Mads Rosenber Boye	officer: Chief Operating Officer	109 LONG WHARF, NEWPORT RI 02840
Karen H Beachy	director	PO BOX 1400, RAPID CITY SD 57709
Pangaea One Acquisition Holdings Xiv, Llc	10 percent owner	C/O CARTESIAN CAPITAL GROUP, LLC, 505 FIFTH AVENUE, NEW YORK NY 10017
Gianni Delsignore	officer: Chief Financial Officer	257 WICKHAM ROAD, NORTH KINGSTOWN RI 02852
Mark L Filanowski	director	C/O MARINE TRANSPORT CORP, 1200 HARBOR BOULEVARD, WEEHAWKEN NJ 07087
Nam Trinh	director	505 FIFTH AVENUE, 15TH FLOOR, CARTESIAN CAPITAL GROUP, NEW YORK NY 10017
Anthony Laura	officer: See Remarks	C/O PANGAEA LOGISTICS SOLUTIONS LTD., 109 LONG WHARF, NEWPORT RI 02840
Edward Coll	director, 10 percent owner, officer: Chief Executive Officer	C/O PANGAEA LOGISTICS SOLUTIONS LTD., 109 LONG WHARF, NEWPORT RI 02840
L.p. Malemod,	10 percent owner	C/O CARTESIAN CAPITAL GROUP, 505 FIFTH AVENUE, 15TH FLOOR, NEW YORK NY 10017
L.p. Nypsun,	10 percent owner	C/O CARTESIAN CAPITAL GROUP, 505 FIFTH AVENUE, 15TH FLOOR, NEW YORK NY 10017
L.p. Leggonly,	10 percent owner	C/O CARTESIAN CAPITAL GROUP, 505 FIFTH AVENUE, 15TH FLOOR, NEW YORK NY 10017
L.p. Imfinno,	10 percent owner	C/O CARTESIAN CAPITAL GROUP, 505 FIFTH AVENUE, 15TH FLOOR, NEW YORK NY 10017
Pangaea One Gp, Llc	10 percent owner	C/O CARTESIAN CAPITAL GROUP, 505 FIFTH AVENUE, 15TH FLOOR, NEW YORK NY 10017