Eagle Bulk Shipping (Eagle Bulk Shipping) Total Inventories : $25.0 Mil (As of Dec. 2023)

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What is Eagle Bulk Shipping Total Inventories?

Eagle Bulk Shipping's total inventories for the quarter that ended in Dec. 2023 was $25.0 Mil. Eagle Bulk Shipping's average total inventories from the quarter that ended in Sep. 2023 to the quarter that ended in Dec. 2023 was $25.9 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Eagle Bulk Shipping's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-42.19.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Eagle Bulk Shipping's Days Inventory for the three months ended in Dec. 2023 was 31.83.

Inventory Turnover measures how fast the company turns over its inventory within a year. Eagle Bulk Shipping's Inventory Turnover for the quarter that ended in Dec. 2023 was 2.87.

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. Eagle Bulk Shipping's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.25.

Eagle Bulk Shipping Total Inventories Historical Data

The historical data trend for Eagle Bulk Shipping's Total Inventories 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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Eagle Bulk Shipping Total Inventories Chart

Eagle Bulk Shipping Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

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15.82

11.63

17.65

28.08

24.99

Eagle Bulk Shipping Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Total Inventories	Get a 7-Day Free Trial															28.08	22.91	21.70	26.88	24.99

Eagle Bulk Shipping Total Inventories Calculation

Total Inventories includes the raw materials, work-in-process goods and completely finished goods of a company. It is a portion of a company's current assets.

Eagle Bulk Shipping (NYSE:EGLE) Total Inventories Explanation

Inventory control is an important part of business operation. If a company does not have enough inventory, it may not be able to meet customers' required delivery time. If it has too much inventory, the cost of holding the inventory can be high.

1. In Ben Graham's calculation of Net-Net Working Capital (NNWC), inventory is only considered worth half of its book value.

Eagle Bulk Shipping's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2023 is

	Net-Net Working Capital Per Share (Q: Dec. 2023 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(118.615	+	0.75 * 30.917	+	0.5 * 24.988	-	547.736
-	0	-	0)	/	9.32623
=	-42.19

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

Eagle Bulk Shipping's Days Inventory for the three months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	25.9345	/	74.339	*	365 / 4
	=	31.83

3. Inventory Turnover measures how fast the company turns over its inventory within a year.

Eagle Bulk Shipping's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Dec. 2023 )	/	Average Total Inventories (Q: Dec. 2023 )
	=	74.339	/	25.9345
	=	2.87

4. 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.

Eagle Bulk Shipping's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	25.9345	/	104.589
	=	0.25

Be Aware

Manufacturers with durable competitive advantages have the advantage that the products they sell do not change, and therefore will never become obsolete. Buffett likes this advantage.

When identifying manufacturers with durable competitive advantage, look for inventory and net earnings that rise correspondingly. This indicates that the company is finding profitable ways to increase sales which called for an increase in inventory.

Manufacturers with inventories that spike up and down are indicative of competitive industries subject to boom and bust.

Eagle Bulk Shipping Total Inventories Related Terms

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Eagle Bulk Shipping (Eagle Bulk Shipping) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Eagle Bulk Shipping Inc (NYSE:EGLE) » Definitions » Total Inventories

Comparable Companies

Traded in Other Exchanges

E1BP:Germany E1B1:Germany

Address

300 First Stamford Place, 5th Floor, Stamford, CT, USA, 06902

Website

https://www.eagleships.com

Eagle Bulk Shipping Inc is a U.S.-based, fully integrated shipowner-operator, providing global transportation solutions to miners, producers, traders and end users. The company is engaged in the ocean transportation of drybulk cargoes worldwide through the ownership, charter and operation of drybulk vessels. The company focuses on the versatile midsize drybulk vessel segment. The Company's fleet is comprised of Supramax and Ultramax drybulk carriers.

Executives

Justin A. Knowles	director	9-10 ST. ANDREW SQUARE, EDINBURGH X0 EH2 2AF
Castor Maritime Inc.	10 percent owner	CHRISTODOULOU CHATZIPAVLOU 223, HAWAII ROYAL GARDENS, APART. 16, LIMASSOL G4 3036
Gary Vogel	director, officer: Chief Executive Officer	C/O EAGLE BULK SHIPPING INC., 477 MADISON AVENUE, NEW YORK NY 10022
Oaktree Fund Gp I, L.p.	10 percent owner	333 SOUTH GRAND AVENUE, 28TH FLOOR, LOS ANGELES CA 90071
Danaos Corp	10 percent owner	14 AKTI KONDYLI, 185 45 PIRAEUS, ATHENS J3 00000
Oaktree Capital I, L.p.	10 percent owner	333 SOUTH GRAND AVENUE, 28TH FLOOR, LOS ANGELES CA 90071
Ocm Holdings I, Llc	10 percent owner	333 SOUTH GRAND AVENUE, 28TH FLOOR, LOS ANGELES CA 90071
Oaktree Holdings, Llc	10 percent owner	333 SOUTH GRAND AVENUE, 28TH FLOOR, LOS ANGELES CA 90071
Oaktree Fund Gp, Llc	10 percent owner	333 SOUTH GRAND AVENUE, 28TH FLOOR, LOS ANGELES CA 90071
Bam Partners Trust	10 percent owner	181 BAY STREET, SUITE 300, TORONTO A6 M5J 2T3
Tsoutsoplides Constantine	officer: Chief Financial Officer	C/O EAGLE BULK SHIPPING INC., 300 FIRST STAMFORD PLACE, STAMFORD CT 06902
Alexandra Kate Blankenship	director	33 BENEDICT PLACE, 2ND FLOOR, GREENWICH CT 06830
De Costanzo Frank	officer: Chief Financial Officer	C/O EAGLE BULK SHIPPING INC., 300 FIRST STAMFORD PLACE, 5TH FLOOR, STAMFORD CT 06902
Randee E Day	director	217 DEBRA LANE, PALM BEACH FL 33480
Oaktree Capital Group Holdings Gp, Llc	10 percent owner	333 SOUTH GRAND AVENUE, 28TH FLOOR, LOS ANGELES CA 90071