Overseas Shipholding Group (FRA:OV6) Inventory Turnover : 19.60 (As of Mar. 2024)

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What is Overseas Shipholding Group 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. Overseas Shipholding Group's Cost of Goods Sold for the three months ended in Mar. 2024 was €77.0 Mil. Overseas Shipholding Group's Average Total Inventories for the quarter that ended in Mar. 2024 was €3.9 Mil. Overseas Shipholding Group's Inventory Turnover for the quarter that ended in Mar. 2024 was 19.60.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Overseas Shipholding Group's Days Inventory for the three months ended in Mar. 2024 was 4.66.

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. Overseas Shipholding Group's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.04.

Overseas Shipholding Group Inventory Turnover Historical Data

The historical data trend for Overseas Shipholding Group'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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Overseas Shipholding Group Inventory Turnover Chart

Overseas Shipholding Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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166.57

196.16

142.84

150.75

155.20

Overseas Shipholding Group Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial															20.93	15.96	21.52	32.31	19.60

Overseas Shipholding Group Inventory Turnover Calculation

Overseas Shipholding Group'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 )
=	299.607	/ (	(2.155	+	1.706)	/	2 )
=	299.607	/	1.9305
=	155.20

Overseas Shipholding Group's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

	Inventory Turnover (Q: Mar. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2024 )	/ (	(Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )
=	76.962	/ (	(1.706	+	6.147)	/	2 )
=	76.962	/	3.9265
=	19.60

Overseas Shipholding Group (FRA:OV6) 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.

Overseas Shipholding Group's Days Inventory for the three months ended in Mar. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2024 )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
	=	3.9265	/	76.962	*	365 / 4
	=	4.66

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.

Overseas Shipholding Group's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	3.9265	/	108.097
	=	0.04

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.

Overseas Shipholding Group Inventory Turnover Related Terms

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Overseas Shipholding Group (FRA:OV6) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Overseas Shipholding Group Inc (FRA:OV6) » Definitions » Inventory Turnover

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Traded in Other Exchanges

OSG:USA 19O:Germany

Address

302 Knights Run Avenue, Tampa, FL, USA, 33602

Website

https://www.osg.com

Overseas Shipholding Group Inc is a tanker company which owns and operates a fleet of oceangoing vessels. It provides energy transportation services, delivering crude oil and petroleum products in the U.S. The company owns and operates a combined fleet of approximately 21 vessels registered in the United States. The company operates in the segment of the U.S. Flag Fleet. Majority of the company's revenue is generated in the form of time charters.

Overseas Shipholding Group (FRA:OV6) Headlines

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