Caspian Services (Caspian Services) Days Inventory : 32.04 (As of Jun. 2016)

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What is Caspian Services Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Caspian Services's Average Total Inventories for the three months ended in Jun. 2016 was $0.70 Mil. Caspian Services's Cost of Goods Sold for the three months ended in Jun. 2016 was $1.99 Mil. Hence, Caspian Services's Days Inventory for the three months ended in Jun. 2016 was 32.04.

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

CSSV's Days Inventory is not ranked ^*
in the Oil & Gas industry.
Industry Median: 31.46
* Ranked among companies with meaningful Days Inventory only.

Caspian Services's Days Inventory declined from Jun. 2015 (48.83) to Jun. 2016 (32.04).

Inventory Turnover measures how fast the company turns over its inventory within a year. Caspian Services's Inventory Turnover for the three months ended in Jun. 2016 was 2.85.

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. Caspian Services's Inventory-to-Revenue for the three months ended in Jun. 2016 was 0.14.

Caspian Services Days Inventory Historical Data

The historical data trend for Caspian Services'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.

Caspian Services Days Inventory Chart

Caspian Services Annual Data

Trend

Sep06

Sep07

Sep08

Sep09

Sep10

Sep11

Sep12

Sep13

Sep14

Sep15

Days Inventory

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26.85

45.98

28.24

23.61

37.55

Caspian Services Quarterly Data
	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16
Days Inventory	Get a 7-Day Free Trial															48.83	46.75	38.32	32.96	32.04

Competitive Comparison of Caspian Services's Days Inventory

For the Oil & Gas Equipment & Services subindustry, Caspian Services'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.

Caspian Services's Days Inventory Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Caspian Services's Days Inventory falls into.

Caspian Services Days Inventory Calculation

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

Caspian Services's Days Inventory for the fiscal year that ended in Sep. 2015 is calculated as

	Days Inventory (A: Sep. 2015 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Sep. 2014 )	+	Total Inventories (A: Sep. 2015 ))	/	count )	/	Cost of Goods Sold (A: Sep. 2015 )	*	Days in Period
=	( (1.261	+	0.906)	/	2 )	/	10.533	*	365
=	1.0835					/	10.533	*	365
=	37.55

Caspian Services's Days Inventory for the quarter that ended in Jun. 2016 is calculated as:

	Days Inventory (Q: Jun. 2016 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Mar. 2016 )	+	Total Inventories (Q: Jun. 2016 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2016 )	*	Days in Period
=	( (0.677	+	0.721)	/	2 )	/	1.991	*	365 / 4
=	0.699					/	1.991	*	365 / 4
=	32.04

Caspian Services (OTCPK:CSSV) 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.

Caspian Services's Inventory Turnover for the three months ended in Jun. 2016 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	1.991	/	0.699
	=	2.85

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.

Caspian Services's Inventory to Revenue for the three months ended in Jun. 2016 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0.699	/	5.011
	=	0.14

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.

Caspian Services Days Inventory Related Terms

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

Caspian Services (Caspian Services) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Caspian Services Inc (OTCPK:CSSV) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

2319 Foothill Drive, Suite 160, Salt Lake City, UT, USA, 84109

Website

http://www.caspianservicesinc.com

Caspian Services Inc provides oilfield services to oil & gas industry in Kazakhstan. The company operates in three reportable segments including Vessel operations, Geophysical services, and Marine base services. Vessel operations consist of chartering a fleet of shallow draft offshore support vessels to customers performing oil and gas exploration activities in the Caspian Sea. Geophysical services consist of providing seismic data acquisition services to oil and gas companies operating onshore in Kazakhstan. Marine base service consists of operating a marine base with a boat repair and drydocking services yard located at the port of Bautino on the North Caspian Sea. It generates the majority of the revenue from Vessel operations segment.

Executives

Bakhytbek R Baiseitov	10 percent owner	291/21, DOSKYK AVE,, ALMATY 1P 050020
Mark Donegan	10 percent owner	STIRLING SQUARE, 7 CARLTON GARDENS, LONDON X0 SW1Y 5AD
Mirgali Kunayev	director, 10 percent owner	C/O LERNER & KAPLAN PLLC, 4121 18TH AVENUE, BROOKLYN NY 11218

Caspian Services (Caspian Services) Headlines

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