Pacific Basin Shipping (Pacific Basin Shipping) Change In Inventory : $-10 Mil (TTM As of Dec. 2023)

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What is Pacific Basin Shipping Change In Inventory?

Pacific Basin Shipping's change in inventory for the quarter that ended in Dec. 2023 was $-6 Mil. It means Pacific Basin Shipping's inventory increased by $6 Mil from Jun. 2023 to Dec. 2023 .

Pacific Basin Shipping's change in inventory for the fiscal year that ended in Dec. 2023 was $-10 Mil. It means Pacific Basin Shipping's inventory increased by $10 Mil from Dec. 2022 to Dec. 2023 .

Pacific Basin Shipping's Total Inventories for the quarter that ended in Dec. 2023 was $135 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Pacific Basin Shipping's Days Inventory for the quarter that ended in Dec. 2023 was 21.93.

Inventory Turnover measures how fast the company turns over its inventory within a year. Pacific Basin Shipping's Inventory Turnover for the quarter that ended in Dec. 2023 was 8.32.

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. Pacific Basin Shipping's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.11.

Pacific Basin Shipping Change In Inventory Historical Data

The historical data trend for Pacific Basin Shipping's Change In 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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Pacific Basin Shipping Change In Inventory Chart

Pacific Basin Shipping Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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-4.89

12.29

-25.50

-20.87

-10.27

Pacific Basin Shipping Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Change In Inventory	Get a 7-Day Free Trial															-3.09	-57.38	36.51	-4.69	-5.58

Pacific Basin Shipping Change In Inventory Calculation

Change In Inventory is the difference between last period's ending inventory and the current period's ending inventory.

Change In Inventory for the trailing twelve months (TTM) ended in Dec. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was $-10 Mil.

Pacific Basin Shipping (OTCPK:PCFBY) Change In Inventory Explanation

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

Pacific Basin Shipping's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	131.9375	/	1098.145	*	365 / 2
	=	21.93

2. Inventory Turnover measures how fast the company turns over its inventory within a year.

Pacific Basin Shipping's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	1098.145	/	131.9375
	=	8.32

3. 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.

Pacific Basin Shipping's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	131.9375	/	1148.538
	=	0.11

Pacific Basin Shipping Change In Inventory Related Terms

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Pacific Basin Shipping (Pacific Basin Shipping) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Pacific Basin Shipping Ltd (OTCPK:PCFBY) » Definitions » Change In Inventory

Traded in Other Exchanges

PCFBF:USA 02343:Hong Kong OYD:Germany

Address

2 Heung Yip Road, 31st Floor One Island South, Wong Chuk Hang, Hong Kong, HKG

Website

https://www.pacificbasin.com

Pacific Basin Shipping Ltd is an investment holding company engaged in the provision of dry bulk shipping services internationally including Asia, America, Europe, Africa, and Australia and New Zealand. The company generates revenue from shipping activities, while the principal sources of which are derived from Handysize and Supramax vessels.