Cool Co (Cool Co) Change In Inventory : $0.5 Mil (TTM As of Mar. 2024)

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What is Cool Co Change In Inventory?

Cool Co's change in inventory for the quarter that ended in Mar. 2024 was $3.4 Mil. It means Cool Co's inventory declined by $3.4 Mil from Dec. 2023 to Mar. 2024 .

Cool Co's change in inventory for the fiscal year that ended in Dec. 2023 was $-2.7 Mil. It means Cool Co's inventory increased by $2.7 Mil from Dec. 2022 to Dec. 2023 .

Cool Co's Total Inventories for the quarter that ended in Mar. 2024 was $0.3 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Cool Co's Days Inventory for the quarter that ended in Mar. 2024 was 5.41.

Inventory Turnover measures how fast the company turns over its inventory within a year. Cool Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 16.87.

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. Cool Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.02.

Cool Co Change In Inventory Historical Data

The historical data trend for Cool Co'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.

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Cool Co Change In Inventory Chart

Cool Co Annual Data

Trend

Dec21

Dec22

Dec23

Change In Inventory

0.92

-2.67

Cool Co Quarterly Data
	Dec21	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Change In Inventory	Get a 7-Day Free Trial				0.17	0.22	-3.35	0.29	3.35

Cool Co 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $0.5 Mil.

Cool Co (NYSE:CLCO) Change In Inventory Explanation

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

Cool Co's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	1.984	/	33.477	*	365 / 4
	=	5.41

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

Cool Co's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	33.477	/	1.984
	=	16.87

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.

Cool Co's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	1.984	/	83.633
	=	0.02

Cool Co Change In Inventory Related Terms

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Cool Co (Cool Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Cool Co Ltd (NYSE:CLCO) » Definitions » Change In Inventory

Comparable Companies

Traded in Other Exchanges

CLCO:Norway HQ3:Germany

Address

9 Par-La-Ville Road, 2nd Floor, S.E. Pearman Building, Hamilton, BMU, HM 11

Website

https://www.coolcoltd.com

Cool Co Ltd is a LNG shipping company. The company operates and manages the fuel-efficient LNGCs providing critical supply chain support to the international energy industry and flexible LNG transportation solutions, providing a lesser-emitting form of energy to help enable decarbonization efforts. Geographical presence of the company is in Singapore, Europe, Asia, Dutch, Japan and other International LNG trader.