SRT Marine Systems (LSE:SRT) Inventory Turnover : 0.89 (As of Sep. 2023)

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What is SRT Marine Systems 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. SRT Marine Systems's Cost of Goods Sold for the six months ended in Sep. 2023 was £3.44 Mil. SRT Marine Systems's Average Total Inventories for the quarter that ended in Sep. 2023 was £3.89 Mil. SRT Marine Systems's Inventory Turnover for the quarter that ended in Sep. 2023 was 0.89.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. SRT Marine Systems's Days Inventory for the six months ended in Sep. 2023 was 206.05.

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. SRT Marine Systems's Inventory-to-Revenue for the quarter that ended in Sep. 2023 was 0.71.

SRT Marine Systems Inventory Turnover Historical Data

The historical data trend for SRT Marine Systems'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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SRT Marine Systems Inventory Turnover Chart

SRT Marine Systems Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Inventory Turnover

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3.96

6.98

2.37

2.33

6.68

SRT Marine Systems Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Inventory Turnover	Get a 7-Day Free Trial															1.27	1.06	4.62	2.55	0.89

SRT Marine Systems Inventory Turnover Calculation

SRT Marine Systems's Inventory Turnover for the fiscal year that ended in Mar. 2023 is calculated as

	Inventory Turnover (A: Mar. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Mar. 2023 )	/ (	(Total Inventories (A: Mar. 2022 )	+	Total Inventories (A: Mar. 2023 ))	/	count )
=	19.467	/ (	(2.36	+	3.466)	/	2 )
=	19.467	/	2.913
=	6.68

SRT Marine Systems's Inventory Turnover for the quarter that ended in Sep. 2023 is calculated as

	Inventory Turnover (Q: Sep. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2023 )	/ (	(Total Inventories (Q: Mar. 2023 )	+	Total Inventories (Q: Sep. 2023 ))	/	count )
=	3.441	/ (	(3.466	+	4.304)	/	2 )
=	3.441	/	3.885
=	0.89

SRT Marine Systems (LSE:SRT) 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.

SRT Marine Systems's Days Inventory for the six months ended in Sep. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2023 )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
	=	3.885	/	3.441	*	365 / 2
	=	206.05

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.

SRT Marine Systems's Inventory to Revenue for the quarter that ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2023 )	/	Revenue (Q: Sep. 2023 )
	=	3.885	/	5.502
	=	0.71

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.

SRT Marine Systems Inventory Turnover Related Terms

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SRT Marine Systems (LSE:SRT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » SRT Marine Systems PLC (LSE:SRT) » Definitions » Inventory Turnover

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6S7:Germany

Address

Wireless House, Midsomer Norton, Westfield Industrial Estate, Bath, GBR, BA3 4BS

Website

http://www.srt-marine.com

SRT Marine Systems PLC develops and delivers advanced maritime domain awareness technologies, products, and systems, with expertise in Automatic Identification Systems. The company's major customers are system integrators, marine electronics companies, individual vessel operators, port owners and operators, and national authorities. The company currently operates in the following geographical markets: Europe, Middle East, North America, the United Kingdom, and others. The company has developed three core system products, VTS (ports, waterways, and infrastructure), VMS (Fisheries monitoring and management) and MDM (Coastal Surveillance) systems. Its largest end market by revenue is in the Middle East.