International Seaways Inc (INSW)
Activity ratios
Short-term
Turnover ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| Receivables turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Payables turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Working capital turnover | 3.88 | 3.75 | 2.57 | 2.79 | 3.26 | 3.37 | 3.70 | 3.13 | 2.24 | 2.15 | 2.08 | 310.99 | — | — | — | 2.77 | 2.85 | 4.16 | 4.12 | 4.70 |
Based on the provided data for International Seaways Inc, let's analyze the activity ratios:
1. Inventory Turnover:
- There has been significant fluctuation in the inventory turnover ratio over the years. The highest inventory turnover was observed in December 2024 at 1,126.60 times, indicating the company sold and replaced its inventory more than a thousand times during that period.
2. Receivables Turnover:
- The data for receivables turnover is missing for all the periods provided, which means we cannot evaluate how efficiently the company collects its accounts receivable.
3. Payables Turnover:
- Similar to receivables turnover, the data for payables turnover is also not available for analysis, so we cannot assess how quickly the company pays its suppliers.
4. Working Capital Turnover:
- The working capital turnover ratio shows how efficiently the company generates revenue relative to its working capital. There is a wide range of values for this ratio over the years. The highest peak was seen in March 2022 at 310.99, indicating a substantial increase in revenue generated per unit of working capital.
In conclusion, while the company's inventory turnover and working capital turnover ratios show fluctuations over time, the missing data for receivables and payables turnovers limits a comprehensive assessment of International Seaways Inc's overall efficiency in managing its assets and liabilities.
Average number of days
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Days of inventory on hand (DOH) | days | 1.73 | 0.32 | 1.60 | 0.52 | 1.18 | 1.05 | 0.56 | 0.64 | 0.49 | 0.80 | 0.73 | 2.08 | 2.13 | 2.97 | 31.03 | 3.52 | 5.21 | 1.96 | 2.57 | 4.72 |
| Days of sales outstanding (DSO) | days | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Number of days of payables | days | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
International Seaways Inc's Days of Inventory on Hand (DOH) has shown considerable fluctuation over the years, ranging from a high of 31.03 days on June 30, 2021, to a low of 0.32 days on September 30, 2024. This indicates varying efficiency in managing its inventory levels during the periods under review.
In contrast, the Days of Sales Outstanding (DSO) and Number of Days of Payables data are not available, making it challenging to assess the company's effectiveness in collecting receivables and managing its payables. The lack of information on DSO and payables hinders a comprehensive analysis of International Seaways Inc's working capital management efficiency.
Overall, a detailed evaluation of the company's activity ratios would require additional data on DSO and payables to provide a more complete picture of its operational performance and liquidity management.
Long-term
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fixed asset turnover | — | — | — | — | — | 0.47 | 0.58 | 0.59 | 0.45 | 0.36 | 0.25 | 0.21 | 0.17 | 0.15 | 0.27 | 0.31 | 0.38 | 0.39 | 0.34 | 0.29 |
| Total asset turnover | 0.36 | 0.39 | 0.31 | 0.34 | 0.35 | 0.38 | 0.43 | 0.41 | 0.33 | 0.25 | 0.20 | 0.16 | 0.14 | 0.12 | 0.16 | 0.22 | 0.27 | 0.29 | 0.26 | 0.22 |
International Seaways Inc's fixed asset turnover ratio has shown improvement over the years, increasing from 0.29 in March 2020 to 0.59 in March 2023 before stabilizing around 0.45 to 0.58 in the subsequent quarters. This indicates that the company is generating more revenue from its fixed assets, which is a positive sign of efficiency in asset utilization.
On the other hand, the total asset turnover ratio for the company has been more volatile, with fluctuations observed in different quarters. The ratio increased from 0.22 in March 2020 to 0.43 in June 2023, showing an improving trend in asset utilization efficiency. However, there was a slight decline in the ratio towards the end of 2023 and into 2024, settling around 0.31 to 0.39.
Overall, the trend in both fixed asset turnover and total asset turnover ratios indicate that International Seaways Inc has been effectively managing its assets to generate revenue. The company should continue to monitor these ratios to ensure efficient utilization of assets for sustainable growth.