DLNGPB.PFD (Dynagas LNG Partners LP) Inventory Turnover : 21.54 (As of Jun. 2024)

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What is Dynagas LNG Partners LP Inventory Turnover?

Inventory Turnover measures how fast the company turns over its inventory within a year. It is calculated as Cost of Goods Sold divided by Total Inventories. Dynagas LNG Partners LP's Cost of Goods Sold for the three months ended in Jun. 2024 was $16.57 Mil. Dynagas LNG Partners LP's Average Total Inventories for the quarter that ended in Jun. 2024 was $0.77 Mil. Dynagas LNG Partners LP's Inventory Turnover for the quarter that ended in Jun. 2024 was 21.54.

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 three months ended in Jun. 2024 was 4.24.

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 quarter that ended in Jun. 2024 was 0.02.

Dynagas LNG Partners LP Inventory Turnover Historical Data

The historical data trend for Dynagas LNG Partners LP's Inventory Turnover 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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Dynagas LNG Partners LP Inventory Turnover Chart

Dynagas LNG Partners LP Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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63.72

83.38

74.56

86.21

106.78

Dynagas LNG Partners LP Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Inventory Turnover	Get a 7-Day Free Trial															9.10	19.60	22.77	22.04	21.54

Dynagas LNG Partners LP Inventory Turnover Calculation

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

	Inventory Turnover (A: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2023 )	/ (	(Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )
=	87.346	/ (	(0.885	+	0.751)	/	2 )
=	87.346	/	0.818
=	106.78

Dynagas LNG Partners LP's Inventory Turnover for the quarter that ended in Jun. 2024 is calculated as

	Inventory Turnover (Q: Jun. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jun. 2024 )	/ (	(Total Inventories (Q: Mar. 2024 )	+	Total Inventories (Q: Jun. 2024 ))	/	count )
=	16.566	/ (	(0	+	0.769)	/	1 )
=	16.566	/	0.769
=	21.54

Dynagas LNG Partners LP (NYSE:DLNGpB.PFD) Inventory Turnover Explanation

Inventory Turnover measures how fast the company turns over its inventory within a year. A higher Inventory Turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.

1. 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 three months ended in Jun. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2024 )	/	Cost of Goods Sold (Q: Jun. 2024 )	*	Days in Period
	=	0.769	/	16.566	*	365 / 4
	=	4.24

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 quarter that ended in Jun. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2024 )	/	Revenue (Q: Jun. 2024 )
	=	0.769	/	37.615
	=	0.02

Be Aware

Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate Inventory Turnover. An average inventory is a better indication.

Dynagas LNG Partners LP Inventory Turnover Related Terms

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Dynagas LNG Partners LP Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Dynagas LNG Partners LP (NYSE:DLNGpB.PFD) » Definitions » Inventory Turnover

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Traded in Other Exchanges

DLNGpA.PFD:USA DLNG:USA

Address

Poseidonos Avenue and Foivis 2 Street, 166 74 Glyfada, Athens, GRC, 98000

Website

http://www.dynagaspartners.com

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.