International Seaways Inc (INSW)

Inventory turnover

Dec 31, 2024 Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020
Cost of revenue (ttm) US$ in thousands 395,665 425,855 422,502 417,602 410,874 397,015 411,739 396,943 394,149 397,706 402,840 409,347 361,623 317,060 278,361 235,818 252,473 260,862 267,216 275,202
Inventory US$ in thousands 1,875 378 1,850 593 1,329 1,143 629 698 531 873 804 2,335 2,110 2,578 23,667 2,271 3,601 1,400 1,878 3,559
Inventory turnover 211.02 1,126.60 228.38 704.22 309.16 347.34 654.59 568.69 742.28 455.56 501.04 175.31 171.39 122.99 11.76 103.84 70.11 186.33 142.29 77.33

December 31, 2024 calculation

Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $395,665K ÷ $1,875K
= 211.02

The inventory turnover ratio for International Seaways Inc fluctuated over the period analyzed. From March 31, 2020, to December 31, 2024, the inventory turnover ratio ranged from a low of 11.76 to a high of 1,126.60.

A higher inventory turnover ratio indicates more efficient inventory management, suggesting that the company is selling its inventory more quickly. On the other hand, a lower inventory turnover ratio may indicate overstocking or slow-moving inventory, which can tie up working capital and lead to potential obsolescence.

The company experienced significant fluctuations in its inventory turnover ratio, potentially indicating changes in demand, supply chain disruptions, or strategic shifts in inventory management policies. It is essential for International Seaways Inc to carefully monitor and manage its inventory levels to optimize working capital efficiency and overall operational performance.