Hermitage Offshore Services (FRA:N5OA) Inventory Turnover : 6.55 (As of Mar. 2020)

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What is Hermitage Offshore 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. Hermitage Offshore Services's Cost of Goods Sold for the three months ended in Mar. 2020 was €12.25 Mil. Hermitage Offshore Services's Average Total Inventories for the quarter that ended in Mar. 2020 was €1.87 Mil. Hermitage Offshore Services's Inventory Turnover for the quarter that ended in Mar. 2020 was 6.55.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Hermitage Offshore Services's Days Inventory for the three months ended in Mar. 2020 was 13.92.

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. Hermitage Offshore Services's Inventory-to-Revenue for the quarter that ended in Mar. 2020 was 0.19.

Hermitage Offshore Services Inventory Turnover Historical Data

The historical data trend for Hermitage Offshore 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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Hermitage Offshore Services Inventory Turnover Chart

Hermitage Offshore Services Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Inventory Turnover

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80.79

41.54

27.39

33.95

Hermitage Offshore Services Quarterly Data
	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20
Inventory Turnover	Get a 7-Day Free Trial															7.09	4.64	6.06	-	6.55

Hermitage Offshore Services Inventory Turnover Calculation

Hermitage Offshore Services's Inventory Turnover for the fiscal year that ended in Dec. 2019 is calculated as

	Inventory Turnover (A: Dec. 2019 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2019 )	/ (	(Total Inventories (A: Dec. 2018 )	+	Total Inventories (A: Dec. 2019 ))	/	count )
=	0	/ (	(1.038	+	1.627)	/	2 )
=	0	/	1.3325
=	0.00

Hermitage Offshore Services's Inventory Turnover for the quarter that ended in Mar. 2020 is calculated as

	Inventory Turnover (Q: Mar. 2020 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2020 )	/ (	(Total Inventories (Q: Dec. 2019 )	+	Total Inventories (Q: Mar. 2020 ))	/	count )
=	12.252	/ (	(1.627	+	2.112)	/	2 )
=	12.252	/	1.8695
=	6.55

Hermitage Offshore Services (FRA:N5OA) 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.

Hermitage Offshore Services's Days Inventory for the three months ended in Mar. 2020 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2020 )	/	Cost of Goods Sold (Q: Mar. 2020 )	*	Days in Period
	=	1.8695	/	12.252	*	365 / 4
	=	13.92

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.

Hermitage Offshore Services's Inventory to Revenue for the quarter that ended in Mar. 2020 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2020 )	/	Revenue (Q: Mar. 2020 )
	=	1.8695	/	9.84
	=	0.19

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.

Hermitage Offshore Services Inventory Turnover Related Terms

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Hermitage Offshore Services (FRA:N5OA) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Hermitage Offshore Services Ltd (FRA:N5OA) » Definitions » Inventory Turnover

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Address

27 Reid Street, LOM Building, Hamilton, BMU, HM 11

Website

https://www.hermitage-offshore.com

Hermitage Offshore Services Ltd is a platform supply vessel company. The company owns and operates platform supply vessels in the North Sea and in West Africa. Its operating segment is the offshore support vessel market. All the company's vessels operate in the North Sea in both the term and spot market. Its vessels are considered homogeneous and interchangeable as it has approximately the same cargo deck area and capacity.

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