Inventory Turnover (Annual)

Inventory Turnover: A ratio showing how many times a company's inventory is sold and replaced over a period. Calculated as: Cost of Goods Sold / Total Inventory

Ardmore Shipping Corporation (ASC) had Inventory Turnover of 16.82 for the most recently reported fiscal year, ending 2023-12-31.

Quarterly Annual

Figures for fiscal year ending 2023-12-31

Income Statement Financials
Revenue	$395.98M
Net Income	$113.41M
Cost of Goods Sold	$211.25M
Gross Profit	$184.73M
Operating Expenses	$267.85M
Operating Income	$128.13M
Non-Operating Income/Expense	$-9.85M
Pre-Tax Income	$118.28M
Normalized Pre-Tax Income	$118.28M
Income after Taxes	$117.84M
Income from Continuous Operations	$116.81M
Consolidated Net Income/Loss	$116.81M
Normalized Income after Taxes	$117.84M
EBIT	$128.13M
EBITDA	$160.73M
Weighted-Average Shares Outstanding (Basic)	41.13M
Weighted-Average Shares Outstanding (Diluted)	41.82M
Earnings per Share (EPS) (Basic)	$2.76
Earnings per Share (EPS) (Diluted)	$2.71
Balance Sheet Financials
Current Assets	$126.78M
Property, Plant, and Equipment	$524.04M
Long-Term Assets	$564.17M
Total Assets	$690.95M
Current Liabilities	$33.84M
Long-Term Debt	$81.20M
Long-Term Liabilities	$119.71M
Total Liabilities	$153.55M
Common Equity	$537.40M
Tangible Shareholders Equity	$537.40M
Shareholders Equity	$537.40M
Common Shares Outstanding	41.30M
Cash Flow Statement Financials
Cash Flow from Operating Activities	$159.61M
Cash Flow from Investing Activities	$-26.84M
Cash Flow from Financial Activities	$-136.54M
Beginning Cash	$50.57M
End Cash	$46.80M
Increase/Decrease in Cash	$-3.76M
Stock-Based Compensation	$3.22M
Common Stock Dividends Paid	$-47.15M
Preferred Stock Dividends Paid	$-3.40M
Fundamental Metrics & Ratios
Current Ratio	3.75
Non-Performing Assets / Total Loans	--
Loan Loss Reserves / Non-Performing Loans	--
Debt to Capital Ratio	0.13
Debt to Equity Ratio	0.17
Gross Margin	46.65%
Operating Margin	32.36%
EBIT Margin	32.36%
EBITDA Margin	40.59%
Pre-Tax Profit Margin	29.87%
Profit Margin	28.64%
Free Cash Flow	$134.22M
Loss Ratio	--
Expense Ratio	--
Combined Ratio	--
Asset Turnover	0.57
Inventory Turnover	16.82
Receiveable Turnover	7.04
Days Sales in Receivables	51.83
Return on Equity	21.74%
Return on Tangible Equity	21.74%
Return on Assets	16.91%
Return on Investments	18.88%
Book Value Per Share	$13.01
Free Cash Flow per Share	$3.21
Operating Cash Flow per Share	$3.82

Data from Zacks Investment Research, Inc.