GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Eagle Bulk Shipping Inc (NYSE:EGLE) » Definitions » Inventory Turnover

Eagle Bulk Shipping (Eagle Bulk Shipping) Inventory Turnover : 2.87 (As of Dec. 2023)


View and export this data going back to 2005. Start your Free Trial

What is Eagle Bulk Shipping Inventory Turnover?

Inventory Turnover measures how fast the company turns over its inventory within a year. It is calculated as Cost of Goods Sold divided by Total Inventories. Eagle Bulk Shipping's Cost of Goods Sold for the three months ended in Dec. 2023 was $74.3 Mil. Eagle Bulk Shipping's Average Total Inventories for the quarter that ended in Dec. 2023 was $25.9 Mil. Eagle Bulk Shipping's Inventory Turnover for the quarter that ended in Dec. 2023 was 2.87.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Eagle Bulk Shipping's Days Inventory for the three months ended in Dec. 2023 was 31.83.

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. Eagle Bulk Shipping's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.25.

Eagle Bulk Shipping Inventory Turnover Historical Data

The historical data trend for Eagle Bulk Shipping's Inventory Turnover 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.

Eagle Bulk Shipping Inventory Turnover Chart

Eagle Bulk Shipping Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Inventory Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 15.82 18.03 20.44 18.79 12.22

Eagle Bulk Shipping Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Inventory Turnover 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 4.11 3.60 3.72 3.09 2.87

Eagle Bulk Shipping Inventory Turnover Calculation

Eagle Bulk Shipping's Inventory Turnover for the fiscal year that ended in Dec. 2023 is calculated as

Inventory Turnover (A: Dec. 2023 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (A: Dec. 2023 ) / ((Total Inventories (A: Dec. 2022 ) + Total Inventories (A: Dec. 2023 )) / count )
=324.202 / ((28.081 + 24.988) / 2 )
=324.202 / 26.5345
=12.22

Eagle Bulk Shipping's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

Inventory Turnover (Q: Dec. 2023 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (Q: Dec. 2023 ) / ((Total Inventories (Q: Sep. 2023 ) + Total Inventories (Q: Dec. 2023 )) / count )
=74.339 / ((26.881 + 24.988) / 2 )
=74.339 / 25.9345
=2.87

* 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.

Eagle Bulk Shipping  (NYSE:EGLE) Inventory Turnover Explanation

Inventory Turnover measures how fast the company turns over its inventory within a year. A higher Inventory Turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.

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

Eagle Bulk Shipping's Days Inventory for the three months ended in Dec. 2023 is calculated as:

Days Inventory =Average Total Inventories (Q: Dec. 2023 )/Cost of Goods Sold (Q: Dec. 2023 )*Days in Period
=25.9345/74.339*365 / 4
=31.83

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.

Eagle Bulk Shipping's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Dec. 2023 ) / Revenue (Q: Dec. 2023 )
=25.9345 / 104.589
=0.25

* 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.

Be Aware

Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate Inventory Turnover. An average inventory is a better indication.

Eagle Bulk Shipping Inventory Turnover Related Terms

Thank you for viewing the detailed overview of Eagle Bulk Shipping's Inventory Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Eagle Bulk Shipping (Eagle Bulk Shipping) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Eagle Bulk Shipping Inc (NYSE:EGLE) » Definitions » Inventory Turnover
Comparable Companies
ASC NAT SB GNK CPLP SMHI DSX PANL ESEA GASS BSP:PSVM11 BOM:532921 HKSE:01919 OCSE:MAERSK B SHSE:600018 TSE:9101 TPE:2603 PHS:ICT TSE:9104 TSE:9107
Traded in Other Exchanges
E1BP:Germany E1B1:Germany
Address
300 First Stamford Place, 5th Floor, Stamford, CT, USA, 06902
Website
https://www.eagleships.com
Eagle Bulk Shipping Inc is a U.S.-based, fully integrated shipowner-operator, providing global transportation solutions to miners, producers, traders and end users. The company is engaged in the ocean transportation of drybulk cargoes worldwide through the ownership, charter and operation of drybulk vessels. The company focuses on the versatile midsize drybulk vessel segment. The Company's fleet is comprised of Supramax and Ultramax drybulk carriers.
Executives
Justin A. Knowles director 9-10 ST. ANDREW SQUARE, EDINBURGH X0 EH2 2AF
Castor Maritime Inc. 10 percent owner CHRISTODOULOU CHATZIPAVLOU 223, HAWAII ROYAL GARDENS, APART. 16, LIMASSOL G4 3036
Gary Vogel director, officer: Chief Executive Officer C/O EAGLE BULK SHIPPING INC., 477 MADISON AVENUE, NEW YORK NY 10022
Oaktree Fund Gp I, L.p. 10 percent owner 333 SOUTH GRAND AVENUE, 28TH FLOOR, LOS ANGELES CA 90071
Danaos Corp 10 percent owner 14 AKTI KONDYLI, 185 45 PIRAEUS, ATHENS J3 00000
Oaktree Capital I, L.p. 10 percent owner 333 SOUTH GRAND AVENUE, 28TH FLOOR, LOS ANGELES CA 90071
Ocm Holdings I, Llc 10 percent owner 333 SOUTH GRAND AVENUE, 28TH FLOOR, LOS ANGELES CA 90071
Oaktree Holdings, Llc 10 percent owner 333 SOUTH GRAND AVENUE, 28TH FLOOR, LOS ANGELES CA 90071
Oaktree Fund Gp, Llc 10 percent owner 333 SOUTH GRAND AVENUE, 28TH FLOOR, LOS ANGELES CA 90071
Bam Partners Trust 10 percent owner 181 BAY STREET, SUITE 300, TORONTO A6 M5J 2T3
Tsoutsoplides Constantine officer: Chief Financial Officer C/O EAGLE BULK SHIPPING INC., 300 FIRST STAMFORD PLACE, STAMFORD CT 06902
Alexandra Kate Blankenship director 33 BENEDICT PLACE, 2ND FLOOR, GREENWICH CT 06830
De Costanzo Frank officer: Chief Financial Officer C/O EAGLE BULK SHIPPING INC., 300 FIRST STAMFORD PLACE, 5TH FLOOR, STAMFORD CT 06902
Randee E Day director 217 DEBRA LANE, PALM BEACH FL 33480
Oaktree Capital Group Holdings Gp, Llc 10 percent owner 333 SOUTH GRAND AVENUE, 28TH FLOOR, LOS ANGELES CA 90071