Okeanis Eco Tankers (Okeanis Eco Tankers) Days Inventory : 42.64 (As of Dec. 2023)

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What is Okeanis Eco Tankers Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Okeanis Eco Tankers's Average Total Inventories for the three months ended in Dec. 2023 was $24.8 Mil. Okeanis Eco Tankers's Cost of Goods Sold for the three months ended in Dec. 2023 was $53.1 Mil. Hence, Okeanis Eco Tankers's Days Inventory for the three months ended in Dec. 2023 was 42.64.

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

ECO' s Days Inventory Range Over the Past 10 Years
Min: 17.64 Med: 26.74 Max: 40.34
Current: 40.34

During the past 6 years, Okeanis Eco Tankers's highest Days Inventory was 40.34. The lowest was 17.64. And the median was 26.74.

ECO's Days Inventory is ranked worse than
82.82% of 780 companies
in the Transportation industry
Industry Median: 11.4 vs ECO: 40.34

Okeanis Eco Tankers's Days Inventory increased from Dec. 2022 (38.74) to Dec. 2023 (42.64). It might indicate that Okeanis Eco Tankers's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Okeanis Eco Tankers's Inventory Turnover for the three months ended in Dec. 2023 was 2.14.

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. Okeanis Eco Tankers's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.27.

Okeanis Eco Tankers Days Inventory Historical Data

The historical data trend for Okeanis Eco Tankers'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.

* Premium members only.

Okeanis Eco Tankers Days Inventory Chart

Okeanis Eco Tankers Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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22.55

17.31

27.00

36.60

40.33

Okeanis Eco Tankers Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Inventory	Get a 7-Day Free Trial															38.74	38.94	39.30	42.33	42.64

Competitive Comparison of Okeanis Eco Tankers's Days Inventory

For the Marine Shipping subindustry, Okeanis Eco Tankers'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.

Okeanis Eco Tankers's Days Inventory Distribution in the Transportation Industry

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

* The bar in red indicates where Okeanis Eco Tankers's Days Inventory falls into.

Okeanis Eco Tankers Days Inventory Calculation

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

Okeanis Eco Tankers'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
=	( (17.011	+	25.354)	/	2 )	/	191.685	*	365
=	21.1825					/	191.685	*	365
=	40.33

Okeanis Eco Tankers'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
=	( (24.244	+	25.354)	/	2 )	/	53.066	*	365 / 4
=	24.799					/	53.066	*	365 / 4
=	42.64

Okeanis Eco Tankers (NYSE:ECO) 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.

Okeanis Eco Tankers's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	53.066	/	24.799
	=	2.14

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.

Okeanis Eco Tankers's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	24.799	/	91.671
	=	0.27

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.

Okeanis Eco Tankers Days Inventory Related Terms

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

Okeanis Eco Tankers (Okeanis Eco Tankers) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Okeanis Eco Tankers Corp (NYSE:ECO) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

OETo:Sweden OET:Norway OETo:UK 7OK:Germany 7OK:Germany

Address

Ethnarchou Makariou av, & 2 D. Falireos street, Neo Faliro, Piraeus, GRC, 18547

Website

https://www.okeanisecotankers.com

Okeanis Eco Tankers Corp owns and operates tanker vessels in Greece. The business of the company is to own, charter out, and operate tanker vessels. The company owns, through its vessel-owning subsidiaries, a fleet of around seven tanker vessels and has around eight tanker vessels on order. The sailing fleet consists of around six modern Suezmax tankers, and eight VLCC tankers.