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

What is Caspian Services Inventory Turnover?

Caspian Services CSSV Inventory Turnover is 2.85 as of Jun. 2016.

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 (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

* 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.

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

Caspian Services Inventory Turnover Historical Data

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The historical data trend for Caspian Services's Inventory Turnover can be seen below:

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

Frequently Asked Questions Learn more about Inventory Turnover →

What does a Inventory Turnover of 2.85 mean?

Caspian Services (CSSV) has a Inventory Turnover of 2.85 as of Jun. 2016. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Caspian Services and its competitors.

Is Caspian Services' Inventory Turnover too high?

Caspian Services' current Inventory Turnover is 2.85.

How does Caspian Services' Inventory Turnover compare to GLRI and TIRTZ?

Caspian Services' Inventory Turnover of 2.85 can be compared against companies in the Oil & Gas industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good Inventory Turnover for an Oil & Gas company?

A good Inventory Turnover depends on the Oil & Gas industry context. However, Inventory Turnover should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.

What does a high Inventory Turnover mean?

A high Inventory Turnover can signal that a stock is expensive relative to its fundamentals. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Caspian Services and its competitors. Caspian Services's current Inventory Turnover is 2.85. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Caspian Services stock overvalued right now?

Caspian Services (CSSV) has a current Inventory Turnover of 2.85. The current Inventory Turnover is 2.85. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is Inventory Turnover calculated?

Inventory Turnover is calculated from a company's financial statements. For Caspian Services (CSSV), the current Inventory Turnover is 2.85 as of Jun. 2016. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Caspian Services Business Description

Industry Energy Oil & Gas

Comparable Companies BOM:531279 GLRI TSXV:IES WAR:BCI TIRTZ GLFH OSL:SBX TSXV:DAL TSXV:NWE TSXV:SEW FOSI BSE:UZT BOM:526614 LSE:IGSS TSX:HE XCNQ:RGT TSXV:HTC TSXV:DVT TSXV:TRB GLFMQ

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.