C3is (CISS) Days Inventory : 14.82 (As of Jun. 2023)

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What is C3is Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). C3is's Average Total Inventories for the three months ended in Jun. 2023 was $0.28 Mil. C3is's Cost of Goods Sold for the three months ended in Jun. 2023 was $1.72 Mil. Hence, C3is's Days Inventory for the three months ended in Jun. 2023 was 14.82.

The historical rank and industry rank for C3is's Days Inventory or its related term are showing as below:

CISS' s Days Inventory Range Over the Past 10 Years
Min: 5.22 Med: 7.28 Max: 33.53
Current: 33.53

During the past 3 years, C3is's highest Days Inventory was 33.53. The lowest was 5.22. And the median was 7.28.

CISS's Days Inventory is ranked worse than
79.74% of 780 companies
in the Transportation industry
Industry Median: 11.4 vs CISS: 33.53

C3is's Days Inventory increased from Mar. 2022 (3.87) to Jun. 2023 (14.82). It might indicate that C3is's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. C3is's Inventory Turnover for the three months ended in Jun. 2023 was 6.16.

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. C3is's Inventory-to-Revenue for the three months ended in Jun. 2023 was 0.16.

C3is Days Inventory Historical Data

The historical data trend for C3is'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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C3is Days Inventory Chart

C3is Annual Data

Trend

Dec21

Dec22

Dec23

Days Inventory

5.22

9.34

C3is Quarterly Data
	Jun21	Dec21	Mar22	Jun22	Dec22	Mar23	Jun23	Dec23
Days Inventory	Get a 7-Day Free Trial			4.49	-	12.20	14.82	-

Competitive Comparison of C3is's Days Inventory

For the Marine Shipping subindustry, C3is'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.

C3is's Days Inventory Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, C3is's Days Inventory distribution charts can be found below:

* The bar in red indicates where C3is's Days Inventory falls into.

C3is Days Inventory Calculation

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

C3is'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
=	( (0.166	+	0.689)	/	2 )	/	16.715	*	365
=	0.4275					/	16.715	*	365
=	9.34

C3is's Days Inventory for the quarter that ended in Jun. 2023 is calculated as:

	Days Inventory (Q: Jun. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Mar. 2023 )	+	Total Inventories (Q: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2023 )	*	Days in Period
=	( (0.403	+	0.154)	/	2 )	/	1.715	*	365 / 4
=	0.2785					/	1.715	*	365 / 4
=	14.82

C3is (NAS:CISS) 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.

C3is's Inventory Turnover for the three months ended in Jun. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	1.715	/	0.2785
	=	6.16

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.

C3is's Inventory to Revenue for the three months ended in Jun. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0.2785	/	1.703
	=	0.16

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.

C3is Days Inventory Related Terms

Thank you for viewing the detailed overview of C3is's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.

C3is (CISS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » C3is Inc (NAS:CISS) » Definitions » Days Inventory

Traded in Other Exchanges

N/A

Address

331 Kifissias Avenue, Erithrea, Athens, GRC, 14561

Website

https://www.c3is.pro

C3is Inc is a provider of international seaborne transportation services to dry bulk charterers, including major national and private industrial users, commodity producers and traders. The company owns and operates a fleet of two dry bulk carriers that transport major bulks such as iron ore, coal and grains, and minor bulks such as bauxite, phosphate and fertilizers. The total cargo-carrying capacity of our fleet is approximately 64,000 dwt.