Caspian Services (Caspian Services) Inventory Turnover : 2.85 (As of Jun. 2016)

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What is Caspian Services Inventory Turnover?

Inventory Turnover measures how fast the company turns over its inventory within a year. It is calculated as Cost of Goods Sold divided by Total Inventories. Caspian Services's Cost of Goods Sold for the three months ended in Jun. 2016 was $1.99 Mil. Caspian Services's Average Total Inventories for the quarter that ended in Jun. 2016 was $0.70 Mil. Caspian Services's Inventory Turnover for the quarter that ended in Jun. 2016 was 2.85.

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 three months ended in Jun. 2016 was 32.04.

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 quarter that ended in Jun. 2016 was 0.14.

Caspian Services Inventory Turnover Historical Data

The historical data trend for Caspian Services's Inventory Turnover 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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Caspian Services Inventory Turnover Chart

Caspian Services Annual Data

Trend

Sep06

Sep07

Sep08

Sep09

Sep10

Sep11

Sep12

Sep13

Sep14

Sep15

Inventory Turnover

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13.59

7.94

12.93

15.46

9.72

Caspian Services Quarterly Data
	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16
Inventory Turnover	Get a 7-Day Free Trial															1.87	1.95	2.38	2.77	2.85

Caspian Services Inventory Turnover Calculation

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

	Inventory Turnover (A: Sep. 2015 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Sep. 2015 )	/ (	(Total Inventories (A: Sep. 2014 )	+	Total Inventories (A: Sep. 2015 ))	/	count )
=	10.533	/ (	(1.261	+	0.906)	/	2 )
=	10.533	/	1.0835
=	9.72

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

	Inventory Turnover (Q: Jun. 2016 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jun. 2016 )	/ (	(Total Inventories (Q: Mar. 2016 )	+	Total Inventories (Q: Jun. 2016 ))	/	count )
=	1.991	/ (	(0.677	+	0.721)	/	2 )
=	1.991	/	0.699
=	2.85

Caspian Services (OTCPK:CSSV) Inventory Turnover Explanation

Inventory Turnover measures how fast the company turns over its inventory within a year. A higher Inventory Turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.

1. 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 three months ended in Jun. 2016 is calculated as:

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

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 quarter that ended in Jun. 2016 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2016 )	/	Revenue (Q: Jun. 2016 )
	=	0.699	/	5.011
	=	0.14

Be Aware

Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate Inventory Turnover. An average inventory is a better indication.

Caspian Services Inventory Turnover Related Terms

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Caspian Services (Caspian Services) Business Description

Industry

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

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

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