Gulf Marine Services (LSE:GMS) Days Inventory : 0.00 (As of Dec. 2023)

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What is Gulf Marine Services Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Gulf Marine Services's Average Total Inventories for the six months ended in Dec. 2023 was £0.0 Mil. Gulf Marine Services's Cost of Goods Sold for the six months ended in Dec. 2023 was £7.3 Mil. Hence, Gulf Marine Services's Days Inventory for the six months ended in Dec. 2023 was 0.00.

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

LSE:GMS's Days Inventory is not ranked ^*
in the Oil & Gas industry.
Industry Median: 31.94
* Ranked among companies with meaningful Days Inventory only.

Gulf Marine Services's Days Inventory stayed the same from Dec. 2022 (0.00) to Dec. 2023 (0.00).

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

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. Gulf Marine Services's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.00.

Gulf Marine Services Days Inventory Historical Data

The historical data trend for Gulf Marine 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.

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Gulf Marine Services Days Inventory Chart

Gulf Marine Services Annual Data

Trend

Dec14

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Dec23

Days Inventory

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Gulf Marine Services Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Inventory	Get a 7-Day Free Trial															-	-	-	-	-

Competitive Comparison of Gulf Marine Services's Days Inventory

For the Oil & Gas Equipment & Services subindustry, Gulf Marine 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.

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

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

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

Gulf Marine Services Days Inventory Calculation

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

Gulf Marine Services's Days Inventory for the fiscal year that ended in Dec. 2023 is calculated as

	Days Inventory (A: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (0	+	0)	/	1 )	/	38.525	*	365
=	0					/	38.525	*	365
=	0.00

Gulf Marine Services's Days Inventory for the quarter that ended in Dec. 2023 is calculated as:

	Days Inventory (Q: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Jun. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (0	+	0)	/	1 )	/	7.318	*	365 / 2
=	0					/	7.318	*	365 / 2
=	0.00

Gulf Marine Services (LSE:GMS) 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.

Gulf Marine Services's Inventory Turnover for the six months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	7.318	/	0
	=

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.

Gulf Marine Services's Inventory to Revenue for the six months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0	/	61.081
	=	0.00

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.

Gulf Marine Services Days Inventory Related Terms

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

Gulf Marine Services (LSE:GMS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Gulf Marine Services PLC (LSE:GMS) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

GMSl:UK G0M:Germany

Address

P.O. Box 46046, Abu Dhabi, ARE

Website

https://www.gmsplc.com

Gulf Marine Services PLC is a United Kingdom-based operator of self-propelled and self-elevating support vessels (SESVs). Its assets provide a stable platform for the delivery of a range of services performed by the company's clients throughout the total lifecycle of offshore oil, gas, and renewable energy activities. Its operating business segments include K-Class vessels, which include the Kamikaze, Kikuyu, Kawawa, Kudeta, Keloa, and Pepper vessels; S-Class vessels, which include the Shamal, Scirocco, and Sharqi vessels, E-Class vessels, which include the Endeavour, Endurance, Enterprise and Evolution vessels; and Other vessels segment.