Cool Co (Cool Co) Days Inventory : 10.78 (As of Dec. 2023)

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What is Cool Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Cool Co's Average Total Inventories for the three months ended in Dec. 2023 was $3.8 Mil. Cool Co's Cost of Goods Sold for the three months ended in Dec. 2023 was $32.2 Mil. Hence, Cool Co's Days Inventory for the three months ended in Dec. 2023 was 10.78.

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

CLCO' s Days Inventory Range Over the Past 10 Years
Min: 6.14 Med: 6.14 Max: 8.27
Current: 8.27

During the past 3 years, Cool Co's highest Days Inventory was 8.27. The lowest was 6.14. And the median was 6.14.

CLCO's Days Inventory is ranked better than
82.72% of 729 companies
in the Oil & Gas industry
Industry Median: 31.38 vs CLCO: 8.27

Cool Co's Days Inventory increased from Sep. 2022 (0.00) to Dec. 2023 (10.78). It might indicate that Cool Co's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Cool Co's Inventory Turnover for the three months ended in Dec. 2023 was 8.46.

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. Cool Co's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.04.

Cool Co Days Inventory Historical Data

The historical data trend for Cool Co'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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Cool Co Days Inventory Chart

Cool Co Annual Data

Trend

Dec21

Dec22

Dec23

Days Inventory

6.23

Cool Co Quarterly Data
	Dec21	Jun22	Sep22	Dec22	Jun23	Sep23	Dec23
Days Inventory	Get a 7-Day Free Trial			-	-	2.13	6.09	10.78

Competitive Comparison of Cool Co's Days Inventory

For the Oil & Gas Midstream subindustry, Cool Co'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.

Cool Co's Days Inventory Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Cool Co's Days Inventory distribution charts can be found below:

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

Cool Co Days Inventory Calculation

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

Cool Co'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
=	( (0.991	+	3.659)	/	2 )	/	136.316	*	365
=	2.325					/	136.316	*	365
=	6.23

Cool Co's Days Inventory for the quarter that ended in Dec. 2023 is calculated as:

	Days Inventory (Q: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (3.952	+	3.659)	/	2 )	/	32.203	*	365 / 4
=	3.8055					/	32.203	*	365 / 4
=	10.78

Cool Co (NYSE:CLCO) 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.

Cool Co's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	32.203	/	3.8055
	=	8.46

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.

Cool Co's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	3.8055	/	92.628
	=	0.04

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.

Cool Co Days Inventory Related Terms

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Cool Co (Cool Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Cool Co Ltd (NYSE:CLCO) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

CLCO:Norway HQ3:Germany

Address

9 Par-La-Ville Road, 2nd Floor, S.E. Pearman Building, Hamilton, BMU, HM 11

Website

https://www.coolcoltd.com

Cool Co Ltd is a LNG shipping company. The company operates and manages the fuel-efficient LNGCs providing critical supply chain support to the international energy industry and flexible LNG transportation solutions, providing a lesser-emitting form of energy to help enable decarbonization efforts. Geographical presence of the company is in Singapore, Europe, Asia, Dutch, Japan and other International LNG trader.