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SBLK (Star Bulk Carriers) Days Inventory : 28.57 (As of Jun. 2024)


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What is Star Bulk Carriers Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Star Bulk Carriers's Average Total Inventories for the three months ended in Jun. 2024 was $69 Mil. Star Bulk Carriers's Cost of Goods Sold for the three months ended in Jun. 2024 was $221 Mil. Hence, Star Bulk Carriers's Days Inventory for the three months ended in Jun. 2024 was 28.57.

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

SBLK' s Days Inventory Range Over the Past 10 Years
Min: 17.87   Med: 22.27   Max: 34.48
Current: 34.48

During the past 13 years, Star Bulk Carriers's highest Days Inventory was 34.48. The lowest was 17.87. And the median was 22.27.

SBLK's Days Inventory is ranked worse than
79.77% of 771 companies
in the Transportation industry
Industry Median: 11.93 vs SBLK: 34.48

Star Bulk Carriers's Days Inventory declined from Jun. 2023 (35.11) to Jun. 2024 (28.57).

Inventory Turnover measures how fast the company turns over its inventory within a year. Star Bulk Carriers's Inventory Turnover for the three months ended in Jun. 2024 was 3.19.

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. Star Bulk Carriers's Inventory-to-Revenue for the three months ended in Jun. 2024 was 0.20.


Star Bulk Carriers Days Inventory Historical Data

The historical data trend for Star Bulk Carriers'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.

Star Bulk Carriers Days Inventory Chart

Star Bulk Carriers Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Days Inventory
Get a 7-Day Free Trial Premium Member Only Premium Member Only 20.23 30.20 34.23 34.17 34.26

Star Bulk Carriers Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
Days Inventory Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 35.11 38.24 35.84 34.28 28.57

Competitive Comparison of Star Bulk Carriers's Days Inventory

For the Marine Shipping subindustry, Star Bulk Carriers'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.


Star Bulk Carriers's Days Inventory Distribution in the Transportation Industry

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

* The bar in red indicates where Star Bulk Carriers's Days Inventory falls into.



Star Bulk Carriers Days Inventory Calculation

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

Star Bulk Carriers'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
=( (67.162 + 62.362) / 2 ) / 690.033*365
=64.762 / 690.033*365
=34.26

Star Bulk Carriers's Days Inventory for the quarter that ended in Jun. 2024 is calculated as:

Days Inventory (Q: Jun. 2024 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (Q: Mar. 2024 ) + Total Inventories (Q: Jun. 2024 )) / count ) / Cost of Goods Sold (Q: Jun. 2024 )*Days in Period
=( (56.82 + 81.662) / 2 ) / 221.115*365 / 4
=69.241 / 221.115*365 / 4
=28.57

* 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.


Star Bulk Carriers  (NAS:SBLK) 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.

Star Bulk Carriers's Inventory Turnover for the three months ended in Jun. 2024 is calculated as

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.

Star Bulk Carriers's Inventory to Revenue for the three months ended in Jun. 2024 is calculated as

* 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.


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.


Star Bulk Carriers Days Inventory Related Terms

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


Star Bulk Carriers Business Description

Traded in Other Exchanges
Address
C/o Star Bulk Management Inc, 40 Agiou Konstantinou Street, Maroussi, Athens, GRC, 15124
Star Bulk Carriers Corp provides seaborne transportation solutions in the dry bulk sector. The company owns and operates dry bulk carrier vessels, which are used to transport bulk, such as iron ore, coal, grains, bauxite, fertilizers, and steel products. It owns a fleet of vessels that consists of Newcastlemax, Capesize, Post Panamax, Kamsarmax, Panamax, Ultramax, and Supramax. It generates revenues through the voyages it carries out.
Executives
Ramius Advisors Llc 10 percent owner 599 LEXINGTON AVENUE, 20TH FLOOR, NEW YORK NY 10022
Rcg Enterprise Ltd 10 percent owner 599 LEXINGTON AVENUE 20TH FLOOR, NEW YORK NY 10022
Rcg Carpathia Master Fund Ltd 10 percent owner C/O RAMIUS LLC, 599 LEXINGTON AVENUE, NEW YORK NY 10022
Rcg Baldwin Lp 10 percent owner C/O RAMIUS LLC, 599 LEXINGTON AVENUE 20TH FLOOR, NEW YORK NY 10022
Peter A Cohen 10 percent owner, other: See Explanation of Responses 40 WEST 57TH STREET, SUITE 2020, NEW YORK NY 10019
Thomas W Strauss 10 percent owner, other: See Explanation of Responses 599 LEXINGTON AVENUE, 20TH FLOOR, NEW YORK NY 10022
Ramius Capital Group Llc 10 percent owner 599 LEXINGTON AVENUE, 20TH FLOOR, NEW YORK NY 10022
C4s & Co Llc 10 percent owner, other: See Explanation of Responses RAMIUS LLC, 599 LEXINGTON AVENUE, NEW YORK NY 10022
Morgan B Stark 10 percent owner, other: See Explanation of Responses C/O RAMIUS LLC, 599 LEXINGTON AVENUE 20TH FLOOR, NEW YORK NY 10022
Jeffrey M Solomon 10 percent owner, other: See Explanation of Responses 599 LEXINGTON AVENUE 20TH FLOOR, NEW YORK NY 10022