SRT Marine Systems (LSE:SRT) Change In Inventory : £-1.63 Mil (TTM As of Sep. 2023)

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What is SRT Marine Systems Change In Inventory?

SRT Marine Systems's change in inventory for the quarter that ended in Sep. 2023 was £-0.84 Mil. It means SRT Marine Systems's inventory increased by £0.84 Mil from Mar. 2023 to Sep. 2023 .

SRT Marine Systems's change in inventory for the fiscal year that ended in Mar. 2023 was £-1.11 Mil. It means SRT Marine Systems's inventory increased by £1.11 Mil from Mar. 2022 to Mar. 2023 .

SRT Marine Systems's Total Inventories for the quarter that ended in Sep. 2023 was £4.30 Mil.

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 quarter that ended in Sep. 2023 was 206.05.

Inventory Turnover measures how fast the company turns over its inventory within a year. SRT Marine Systems's Inventory Turnover for the quarter that ended in Sep. 2023 was 0.89.

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 Change In Inventory Historical Data

The historical data trend for SRT Marine Systems's Change In 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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SRT Marine Systems Change In Inventory Chart

SRT Marine Systems Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Change In Inventory

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1.21

0.31

-0.44

0.01

-1.11

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
Change In Inventory	Get a 7-Day Free Trial															0.02	-0.01	-0.31	-0.79	-0.84

SRT Marine Systems Change In Inventory Calculation

Change In Inventory is the difference between last period's ending inventory and the current period's ending inventory.

Change In Inventory for the trailing twelve months (TTM) ended in Sep. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was £-1.63 Mil.

SRT Marine Systems (LSE:SRT) Change In Inventory Explanation

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 quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	3.885	/	3.441	*	365 / 2
	=	206.05

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

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	3.441	/	3.885
	=	0.89

3. 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	/	Revenue
	=	3.885	/	5.502
	=	0.71

SRT Marine Systems Change In Inventory Related Terms

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SRT Marine Systems (LSE:SRT) Business Description

Industry

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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.