Capital Product Partners LP (Capital Product Partners LP) Days Inventory : 11.21 (As of Dec. 2023)

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What is Capital Product Partners LP Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Capital Product Partners LP's Average Total Inventories for the three months ended in Dec. 2023 was $5.6 Mil. Capital Product Partners LP's Cost of Goods Sold for the three months ended in Dec. 2023 was $45.8 Mil. Hence, Capital Product Partners LP's Days Inventory for the three months ended in Dec. 2023 was 11.21.

The historical rank and industry rank for Capital Product Partners LP's Days Inventory or its related term are showing as below:

CPLP' s Days Inventory Range Over the Past 10 Years
Min: 8.69 Med: 11.39 Max: 25.36
Current: 11.76

During the past 13 years, Capital Product Partners LP's highest Days Inventory was 25.36. The lowest was 8.69. And the median was 11.39.

CPLP's Days Inventory is ranked worse than
50.9% of 778 companies
in the Transportation industry
Industry Median: 11.545 vs CPLP: 11.76

Capital Product Partners LP's Days Inventory declined from Dec. 2022 (14.37) to Dec. 2023 (11.21).

Inventory Turnover measures how fast the company turns over its inventory within a year. Capital Product Partners LP's Inventory Turnover for the three months ended in Dec. 2023 was 8.14.

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. Capital Product Partners LP's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.06.

Capital Product Partners LP Days Inventory Historical Data

The historical data trend for Capital Product Partners LP'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.

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Capital Product Partners LP Days Inventory Chart

Capital Product Partners LP Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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8.69

10.56

14.87

14.11

12.22

Capital Product Partners LP 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															14.37	14.26	11.07	10.35	11.21

Competitive Comparison of Capital Product Partners LP's Days Inventory

For the Marine Shipping subindustry, Capital Product Partners LP'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.

Capital Product Partners LP's Days Inventory Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Capital Product Partners LP's Days Inventory distribution charts can be found below:

* The bar in red indicates where Capital Product Partners LP's Days Inventory falls into.

Capital Product Partners LP Days Inventory Calculation

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

Capital Product Partners LP'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
=	( (6.817	+	5.553)	/	2 )	/	184.808	*	365
=	6.185					/	184.808	*	365
=	12.22

Capital Product Partners LP'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
=	( (5.691	+	5.553)	/	2 )	/	45.774	*	365 / 4
=	5.622					/	45.774	*	365 / 4
=	11.21

Capital Product Partners LP (NAS:CPLP) 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.

Capital Product Partners LP's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	45.774	/	5.622
	=	8.14

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.

Capital Product Partners LP's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	5.622	/	95.509
	=	0.06

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.

Capital Product Partners LP Days Inventory Related Terms

Thank you for viewing the detailed overview of Capital Product Partners LP's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.

Capital Product Partners LP (Capital Product Partners LP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Capital Product Partners LP (NAS:CPLP) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

3 Iassonos Street, Piraeus, GRC, 18537

Website

http://www.capitalpplp.com

Capital Product Partners LP is in the seaborne transportation of cargoes, crude oil, gasoline, diesel, fuel oil, jet fuel and edible oils and dry cargo and containerized goods. Its vessels include; suezmax crude oil tankers, medium-range product tankers, neo panamax container carriers and capsize bulk carrier. Its vessels are capable of carrying a wide range of cargoes, including crude oil, refined oil products (such as gasoline, diesel, fuel oil and jet fuel), edible oils and certain chemicals, such as ethanol, as well as dry cargo and containerized goods under short-term voyage charters and medium to long-term time and bareboat charters.