GulfMark Offshore (GulfMark Offshore) Days Inventory : 16.91 (As of Sep. 2018)

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What is GulfMark Offshore Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). GulfMark Offshore's Average Total Inventories for the three months ended in Sep. 2018 was $1.70 Mil. GulfMark Offshore's Cost of Goods Sold for the three months ended in Sep. 2018 was $9.19 Mil. Hence, GulfMark Offshore's Days Inventory for the three months ended in Sep. 2018 was 16.91.

The historical rank and industry rank for GulfMark Offshore's Days Inventory or its related term are showing as below:

GLF's Days Inventory is not ranked ^*
in the Oil & Gas industry.
Industry Median: 31.29
* Ranked among companies with meaningful Days Inventory only.

GulfMark Offshore's Days Inventory declined from Sep. 2017 (46.12) to Sep. 2018 (16.91).

Inventory Turnover measures how fast the company turns over its inventory within a year. GulfMark Offshore's Inventory Turnover for the three months ended in Sep. 2018 was 5.40.

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. GulfMark Offshore's Inventory-to-Revenue for the three months ended in Sep. 2018 was 0.06.

GulfMark Offshore Days Inventory Historical Data

The historical data trend for GulfMark Offshore's Days 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.

* Premium members only.

GulfMark Offshore Days Inventory Chart

GulfMark Offshore Annual Data

Trend

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Days Inventory

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12.01

19.94

GulfMark Offshore Quarterly Data
	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18
Days Inventory	Get a 7-Day Free Trial															46.12	-	4.23	16.38	16.91

Competitive Comparison of GulfMark Offshore's Days Inventory

For the Oil & Gas Equipment & Services subindustry, GulfMark Offshore's Days Inventory, along with its competitors' market caps and Days Inventory data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

GulfMark Offshore's Days Inventory Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, GulfMark Offshore's Days Inventory distribution charts can be found below:

* The bar in red indicates where GulfMark Offshore's Days Inventory falls into.

GulfMark Offshore Days Inventory Calculation

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

GulfMark Offshore's Days Inventory for the fiscal year that ended in Dec. 2017 is calculated as

	Days Inventory (A: Dec. 2017 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2016 )	+	Total Inventories (A: Dec. 2017 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2017 )	*	Days in Period
=	( (7.465	+	1.323)	/	2 )	/	0	*	365
=	4.394					/	0	*	365
=	N/A

GulfMark Offshore's Days Inventory for the quarter that ended in Sep. 2018 is calculated as:

	Days Inventory (Q: Sep. 2018 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Jun. 2018 )	+	Total Inventories (Q: Sep. 2018 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2018 )	*	Days in Period
=	( (1.686	+	1.721)	/	2 )	/	9.193	*	365 / 4
=	1.7035					/	9.193	*	365 / 4
=	16.91

GulfMark Offshore (AMEX:GLF) Days Inventory Explanation

Days Inventory indicates the liquidity of the inventory. Generally, a lower Days Inventory is preferred as it indicates a shorter duration to clear off the inventory. An increase of the ratio may indicate the company's sales slowed. Similar ratios related to Days Inventory are:

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

GulfMark Offshore's Inventory Turnover for the three months ended in Sep. 2018 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	9.193	/	1.7035
	=	5.40

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.

GulfMark Offshore's Inventory to Revenue for the three months ended in Sep. 2018 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	1.7035	/	27.814
	=	0.06

Be Aware

A lot of business are seasonable. It makes more sense to compare Days Inventory from the same period in the previous year instead of from the previous quarter.

GulfMark Offshore Days Inventory Related Terms

Thank you for viewing the detailed overview of GulfMark Offshore's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.

GulfMark Offshore (GulfMark Offshore) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » GulfMark Offshore Inc (AMEX:GLF) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

http://www.gulfmark.com

GulfMark Offshore Inc is engaged in providing offshore marine services primarily to companies involved in the offshore exploration and production of oil and natural gas. Its vessels transport materials, supplies, and personnel to offshore facilities, and also move and position drilling and production facilities. Geographically, the operation of the firm can be seen across the region of the North Sea, offshore Southeast Asia, and offshore the Americas. It operates a fleet of over 69 owned or managed offshore supply vessels (OSVs), which include over 28 vessels in the North Sea, over 10 vessels offshore Southeast Asia and over 31 vessels offshore the Americas.

Executives

Samuel R Rubio	officer: Senior VP and CFO	10111 RICHMOND AVE., STE. 340, HOUSTON TX 77042
Eugene I Davis	director	8540 GANDER CREEK DRIVE, MIAMISBURG OH 45342
Krishna Shivram	director	C/O WEATHERFORD INTERNATIONAL PLC, 2000 ST JAMES PLACE, HOUSTON TX 77056
Quintin Kneen	director, officer: President & CEO	400 N. SAM HOUSTON PKWY E. #900, HOUSTON TX 77060
William C Martin	director, 10 percent owner	C/O RAGING CAPITAL MANAGEMENT, LLC, TEN PRINCETON AVENUE, PO BOX 228, ROCKY HILL NJ 08553
Raging Capital Management, Llc	director, 10 percent owner	TEN PRINCETON AVENUE, PO BOX 228, ROCKY HILL NJ 08553-0228
Scott Mccarty	director	301 COMMERCE STREET, SUITE 2975, FORT WORTH TX 76102
Kenneth H Traub	director, other: See Remarks
Geoffrey Raynor	director, 10 percent owner	301 COMMERCE STREET, SUITE 3200, FORT WORTH TX 76102
Renegade Swish, Llc	director, 10 percent owner	301 COMMERCE STREET, SUITE 3200, FORT WORTH TX 76102
Louis Raspino	director	1330 POST OAK BLVD, STE 2700, HOUSTON TX 77056
Tidewater Inc	10 percent owner	842 WEST SAM HOUSTON PARKWAY NORTH, SUITE 400, HOUSTON TX 77024
David E Darling	officer: Former SVP - CHRO	6002 ROGERDALE ROAD, SUITE 600, HOUSTON TX 77072
Sheldon S Gordon	director
David J Butters	director	RELIANT STADIUM TWO RELIANT PARK, HOUSTON TX 77054