Genco Shipping & Trading (FRA:GNU1) Change In Inventory : €-5.2 Mil (TTM As of Mar. 2024)

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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 Mar. 2024 was €-3.6 Mil. It means Genco Shipping & Trading's inventory increased by €3.6 Mil from Dec. 2023 to Mar. 2024 .

Genco Shipping & Trading's change in inventory for the fiscal year that ended in Dec. 2023 was €-4.7 Mil. It means Genco Shipping & Trading's inventory increased by €4.7 Mil from Dec. 2022 to Dec. 2023 .

Genco Shipping & Trading's Total Inventories for the quarter that ended in Mar. 2024 was €28.2 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 Mar. 2024 was 31.17.

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 Mar. 2024 was 2.93.

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 Mar. 2024 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.

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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

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2.11

4.62

-2.64

2.80

-4.72

Genco Shipping & Trading Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Change In Inventory	Get a 7-Day Free Trial															-3.20	1.91	-4.32	0.75	-3.58

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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was €-5.2 Mil.

Genco Shipping & Trading (FRA:GNU1) 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
	=	26.358	/	77.156	*	365 / 4
	=	31.17

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 Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	77.156	/	26.358
	=	2.93

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 Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	26.358	/	108.04
	=	0.24

Genco Shipping & Trading Change In Inventory Related Terms

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Genco Shipping & Trading (FRA:GNU1) Business Description

Industry

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Traded in Other Exchanges

GNK:USA

Address

299 Park Avenue, 12th Floor, New York, NY, USA, 10171

Website

https://www.gencoshipping.com

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.

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