Western Bulk Chartering AS (Western Bulk Chartering AS) Days Inventory : 17.97 (As of Dec. 2023)

View and export this data going back to 2021. Start your Free Trial

What is Western Bulk Chartering AS Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Western Bulk Chartering AS's Average Total Inventories for the six months ended in Dec. 2023 was $55 Mil. Western Bulk Chartering AS's Cost of Goods Sold for the six months ended in Dec. 2023 was $555 Mil. Hence, Western Bulk Chartering AS's Days Inventory for the six months ended in Dec. 2023 was 17.97.

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

WSSTF' s Days Inventory Range Over the Past 10 Years
Min: 8.61 Med: 14.42 Max: 17.24
Current: 16.72

During the past 6 years, Western Bulk Chartering AS's highest Days Inventory was 17.24. The lowest was 8.61. And the median was 14.42.

WSSTF's Days Inventory is ranked worse than
62.05% of 780 companies
in the Transportation industry
Industry Median: 11.4 vs WSSTF: 16.72

Western Bulk Chartering AS's Days Inventory increased from Dec. 2022 (16.68) to Dec. 2023 (17.97). It might indicate that Western Bulk Chartering AS's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Western Bulk Chartering AS's Inventory Turnover for the six months ended in Dec. 2023 was 10.16.

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. Western Bulk Chartering AS's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.10.

Western Bulk Chartering AS Days Inventory Historical Data

The historical data trend for Western Bulk Chartering AS'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.

Western Bulk Chartering AS Days Inventory Chart

Western Bulk Chartering AS Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

Get a 7-Day Free Trial

14.38

16.87

8.72

10.37

16.43

Western Bulk Chartering AS Semi-Annual Data
	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Inventory	Get a 7-Day Free Trial					9.12	13.69	16.68	16.93	17.97

Competitive Comparison of Western Bulk Chartering AS's Days Inventory

For the Marine Shipping subindustry, Western Bulk Chartering AS'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.

Western Bulk Chartering AS's Days Inventory Distribution in the Transportation Industry

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

* The bar in red indicates where Western Bulk Chartering AS's Days Inventory falls into.

Western Bulk Chartering AS Days Inventory Calculation

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

Western Bulk Chartering AS'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
=	( (48.155	+	52.599)	/	2 )	/	1119.253	*	365
=	50.377					/	1119.253	*	365
=	16.43

Western Bulk Chartering AS'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: Jun. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (56.602	+	52.599)	/	2 )	/	554.666	*	365 / 2
=	54.6005					/	554.666	*	365 / 2
=	17.97

Western Bulk Chartering AS (OTCPK:WSSTF) 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.

Western Bulk Chartering AS's Inventory Turnover for the six months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	554.666	/	54.6005
	=	10.16

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.

Western Bulk Chartering AS's Inventory to Revenue for the six months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	54.6005	/	543.393
	=	0.10

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.

Western Bulk Chartering AS Days Inventory Related Terms

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

Western Bulk Chartering AS (Western Bulk Chartering AS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Western Bulk Chartering AS (OTCPK:WSSTF) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

WEST:Norway 7EJ:Germany

Address

Henrik Ibsensgate 100, PO Box 2868, Solli, Oslo, NOR, 0230

Website

https://www.westernbulk.com

Western Bulk Chartering AS is a transporter of dry bulk commodities. Its commodity includes coal, minerals, steel products, cement, agriculture or grains, ferrous ores, and fertilizers, among others. It operates in dry bulk vessels in the Panamax to Handysize segment. Geographic diversification is the Far East, Europe, India, North America, Africa, South America, and the Middle East.

Western Bulk Chartering AS (Western Bulk Chartering AS) Headlines

No Headlines