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Genco Shipping & Trading (Genco Shipping & Trading) Change In Inventory : $-5.1 Mil (TTM As of Dec. 2023)


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What is Genco Shipping & Trading Change In Inventory?

Genco Shipping & Trading's change in inventory for the quarter that ended in Dec. 2023 was $0.8 Mil. It means Genco Shipping & Trading's inventory declined by $0.8 Mil from Sep. 2023 to Dec. 2023 .

Genco Shipping & Trading's change in inventory for the fiscal year that ended in Dec. 2023 was $-5.1 Mil. It means Genco Shipping & Trading's inventory increased by $5.1 Mil from Dec. 2022 to Dec. 2023 .

Genco Shipping & Trading's Total Inventories for the quarter that ended in Dec. 2023 was $26.7 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Genco Shipping & Trading's Days Inventory for the quarter that ended in Dec. 2023 was 28.51.

Inventory Turnover measures how fast the company turns over its inventory within a year. Genco Shipping & Trading's Inventory Turnover for the quarter that ended in Dec. 2023 was 3.20.

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. Genco Shipping & Trading's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.24.


Genco Shipping & Trading Change In Inventory Historical Data

The historical data trend for Genco Shipping & Trading's Change In 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.

Genco Shipping & Trading Change In Inventory Chart

Genco Shipping & Trading Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Change In Inventory
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.34 5.63 -2.98 2.96 -5.15

Genco Shipping & Trading Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Change In 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 10.58 -3.43 2.07 -4.61 0.82

Genco Shipping & Trading Change In Inventory Calculation

Change In Inventory is the difference between last period's ending inventory and the current period's ending inventory.

Change In Inventory for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-5.1 Mil.

* 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.


Genco Shipping & Trading  (NYSE:GNK) Change In Inventory Explanation

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

Genco Shipping & Trading's Days Inventory for the quarter that ended in is calculated as:

Days Inventory=Average Total Inventories/Cost of Goods Sold*Days in Period
=27.158/86.924*365 / 4
=28.51

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

Genco Shipping & Trading's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

3. 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.

Genco Shipping & Trading's Inventory to Revenue for the quarter that ended in Dec. 2023 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.


Genco Shipping & Trading Change In Inventory Related Terms

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Genco Shipping & Trading (Genco Shipping & Trading) Business Description

Traded in Other Exchanges
Address
299 Park Avenue, 12th Floor, New York, NY, USA, 10171
Genco Shipping & Trading Ltd is an international shipping company specializing in the transportation of iron ore, coal, grain, steel products and other drybulk cargoes. It is involved in the ocean transportation of drybulk cargoes. The company operates in one segment, the ocean transportation of drybulk cargoes through the ownership and operation of drybulk carrier vessels. It generates revenue through time charter agreements, spot market voyage charters, pool agreements and spot market-related time charters.
Executives
Peter George Allen officer: Chief Financial Officer GENCO SHIPPING & TRADING LIMITED, 299 PARK AVENUE, 12TH FLOOR, NEW YORK NY 10171
Arthur L Regan director C/O ARLINGTON TANKERS LTD, THE HAYWARD BUILDING 22 BERMUDIANA ROAD, HAMILTON HM 11 D0 --
Jesper Christensen officer: Chief Commercial Officer GENCO SHIPPING & TRADING LIMITED, 299 PARK AVENUE, 12TH FLOOR, NEW YORK NY 10171
Robert E Hughes officer: Chief Operations Officer GENCO SHIPPING & TRADING LIMITED, 299 PARK AVE., 12TH FLOOR, NEW YORK NY 10171
Apostolos Zafolias officer: Chief Financial Officer GENCO SHIPPING & TRADING, 299 PARK AVENUE, 12TH FLOOR, NEW YORK NY 10171
John C Wobensmith officer: Chief Financial Officer 35 WEST 56TH STREET, NEW YORK NY 10019
Joseph Adamo officer: Chief Accounting Officer GENCO SHIPPING & TRADING, 299 PARK AVENUE, 12TH FLOOR, NEW YORK NY 10171
Ccp Ii Cayman Gp Ltd. 10 percent owner 375 PARK AVE, 12TH FLOOR, NEW YORK NY 10152
Centerbridge Credit Partners, L.p. 10 percent owner 375 PARK AVENUE, 11TH FLOOR, NEW YORK NY 10152
Karin Y Orsel director HOGELANDSTERWEG 14, FARMSUM P7 9936 BH
Apollo Management Holdings Gp, Llc 10 percent owner 9 W. 57TH STREET, 43RD FLOOR, NEW YORK NY 10019
Strategic Value Partners, Llc 10 percent owner 100 WEST PUTNAM AVENUE, GREENWICH CT 06830
Daniel Han director GENCO SHIPPING & TRADING LIMITED, 299 PARK AVE., 12TH FLOOR, NEW YORK NY 10171
Kathleen C Haines director P.O. BOX 385, COS COB CT 06807
Christoph O Majeske director 17001 NORTHCHASE DR., STE. 100, HOUSTON TX 77060