Teekay Tankers (Teekay Tankers) Change In Inventory : $0 Mil (TTM As of Mar. 2024)

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What is Teekay Tankers Change In Inventory?

Teekay Tankers's change in inventory for the quarter that ended in Mar. 2024 was $0 Mil. It means Teekay Tankers's inventory stayed the same from Dec. 2023 to Mar. 2024 .

Teekay Tankers's change in inventory for the fiscal year that ended in Dec. 2023 was $6 Mil. It means Teekay Tankers's inventory declined by $6 Mil from Dec. 2022 to Dec. 2023 .

Teekay Tankers's Total Inventories for the quarter that ended in Mar. 2024 was $55 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Teekay Tankers's Days Inventory for the quarter that ended in Mar. 2024 was 25.05.

Inventory Turnover measures how fast the company turns over its inventory within a year. Teekay Tankers's Inventory Turnover for the quarter that ended in Mar. 2024 was 3.64.

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. Teekay Tankers's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.16.

Teekay Tankers Change In Inventory Historical Data

The historical data trend for Teekay Tankers'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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Teekay Tankers Change In Inventory Chart

Teekay Tankers Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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-28.63

13.63

-17.62

-11.80

6.15

Teekay Tankers 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															-	-	-	-	-

Teekay Tankers 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 Mil.

Teekay Tankers (NYSE:TNK) Change In Inventory Explanation

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

Teekay Tankers's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	54.0435	/	196.86	*	365 / 4
	=	25.05

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

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	196.86	/	54.0435
	=	3.64

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	54.0435	/	338.343
	=	0.16

Teekay Tankers Change In Inventory Related Terms

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Teekay Tankers (Teekay Tankers) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Teekay Tankers Ltd (NYSE:TNK) » Definitions » Change In Inventory

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Traded in Other Exchanges

3TKA:Germany

Address

69 Pitts Bay Road, 4th Floor, Belvedere Building, Hamilton, BMU, HM 08

Website

https://www.teekay.com

Teekay Tankers Ltd is a provider of marine services to the global oil and natural gas industries and an operator of medium-sized oil tankers. The company operates in two segments: tanker and ship-to-ship transfer. The vast majority of its revenue comes from the tanker segment, which consists of crude oil and product tankers for different contracts.