GulfMark Offshore (GulfMark Offshore) Total Inventories : $1.72 Mil (As of Sep. 2018)

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What is GulfMark Offshore Total Inventories?

GulfMark Offshore's total inventories for the quarter that ended in Sep. 2018 was $1.72 Mil. GulfMark Offshore's average total inventories from the quarter that ended in Jun. 2018 to the quarter that ended in Sep. 2018 was $1.70 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. GulfMark Offshore's Net-Net Working Capital per share for the quarter that ended in Sep. 2018 was $-10.62.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. GulfMark Offshore's Days Inventory for the three months ended in Sep. 2018 was 16.91.

Inventory Turnover measures how fast the company turns over its inventory within a year. GulfMark Offshore's Inventory Turnover for the quarter that ended in Sep. 2018 was 5.40.

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. GulfMark Offshore's Inventory-to-Revenue for the quarter that ended in Sep. 2018 was 0.06.

GulfMark Offshore Total Inventories Historical Data

The historical data trend for GulfMark Offshore's Total Inventories 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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GulfMark Offshore Total Inventories Chart

GulfMark Offshore Annual Data

Trend

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Total Inventories

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8.49

7.47

1.32

GulfMark Offshore Quarterly Data
	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18
Total Inventories	Get a 7-Day Free Trial															7.64	1.32	1.55	1.69	1.72

GulfMark Offshore Total Inventories Calculation

Total Inventories includes the raw materials, work-in-process goods and completely finished goods of a company. It is a portion of a company's current assets.

GulfMark Offshore (AMEX:GLF) Total Inventories Explanation

Inventory control is an important part of business operation. If a company does not have enough inventory, it may not be able to meet customers' required delivery time. If it has too much inventory, the cost of holding the inventory can be high.

1. In Ben Graham's calculation of Net-Net Working Capital (NNWC), inventory is only considered worth half of its book value.

GulfMark Offshore's Net-Net Working Capital Per Share for the quarter that ended in Sep. 2018 is

	Net-Net Working Capital Per Share (Q: Sep. 2018 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(37.532	+	0.75 * 22.253	+	0.5 * 1.721	-	135.43
-	0	-	0)	/	7.568
=	-10.62

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

GulfMark Offshore's Days Inventory for the three months ended in Sep. 2018 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2018 )	/	Cost of Goods Sold (Q: Sep. 2018 )	*	Days in Period
	=	1.7035	/	9.193	*	365 / 4
	=	16.91

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

GulfMark Offshore's Inventory Turnover for the quarter that ended in Sep. 2018 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Sep. 2018 )	/	Average Total Inventories (Q: Sep. 2018 )
	=	9.193	/	1.7035
	=	5.40

4. 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.

GulfMark Offshore's Inventory to Revenue for the quarter that ended in Sep. 2018 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2018 )	/	Revenue (Q: Sep. 2018 )
	=	1.7035	/	27.814
	=	0.06

Be Aware

Manufacturers with durable competitive advantages have the advantage that the products they sell do not change, and therefore will never become obsolete. Buffett likes this advantage.

When identifying manufacturers with durable competitive advantage, look for inventory and net earnings that rise correspondingly. This indicates that the company is finding profitable ways to increase sales which called for an increase in inventory.

Manufacturers with inventories that spike up and down are indicative of competitive industries subject to boom and bust.

GulfMark Offshore Total Inventories Related Terms

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GulfMark Offshore (GulfMark Offshore) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » GulfMark Offshore Inc (AMEX:GLF) » Definitions » Total Inventories

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Address

Website

http://www.gulfmark.com

GulfMark Offshore Inc is engaged in providing offshore marine services primarily to companies involved in the offshore exploration and production of oil and natural gas. Its vessels transport materials, supplies, and personnel to offshore facilities, and also move and position drilling and production facilities. Geographically, the operation of the firm can be seen across the region of the North Sea, offshore Southeast Asia, and offshore the Americas. It operates a fleet of over 69 owned or managed offshore supply vessels (OSVs), which include over 28 vessels in the North Sea, over 10 vessels offshore Southeast Asia and over 31 vessels offshore the Americas.

Executives

Samuel R Rubio	officer: Senior VP and CFO	10111 RICHMOND AVE., STE. 340, HOUSTON TX 77042
Eugene I Davis	director	8540 GANDER CREEK DRIVE, MIAMISBURG OH 45342
Krishna Shivram	director	C/O WEATHERFORD INTERNATIONAL PLC, 2000 ST JAMES PLACE, HOUSTON TX 77056
Quintin Kneen	director, officer: President & CEO	400 N. SAM HOUSTON PKWY E. #900, HOUSTON TX 77060
William C Martin	director, 10 percent owner	C/O RAGING CAPITAL MANAGEMENT, LLC, TEN PRINCETON AVENUE, PO BOX 228, ROCKY HILL NJ 08553
Raging Capital Management, Llc	director, 10 percent owner	TEN PRINCETON AVENUE, PO BOX 228, ROCKY HILL NJ 08553-0228
Scott Mccarty	director	301 COMMERCE STREET, SUITE 2975, FORT WORTH TX 76102
Kenneth H Traub	director, other: See Remarks
Geoffrey Raynor	director, 10 percent owner	301 COMMERCE STREET, SUITE 3200, FORT WORTH TX 76102
Renegade Swish, Llc	director, 10 percent owner	301 COMMERCE STREET, SUITE 3200, FORT WORTH TX 76102
Louis Raspino	director	1330 POST OAK BLVD, STE 2700, HOUSTON TX 77056
Tidewater Inc	10 percent owner	842 WEST SAM HOUSTON PARKWAY NORTH, SUITE 400, HOUSTON TX 77024
David E Darling	officer: Former SVP - CHRO	6002 ROGERDALE ROAD, SUITE 600, HOUSTON TX 77072
Sheldon S Gordon	director
David J Butters	director	RELIANT STADIUM TWO RELIANT PARK, HOUSTON TX 77054