Mermaid Maritime PCL (SGX:DU4) Inventory Turnover : 181.15 (As of Jun. 2024)

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What is Mermaid Maritime PCL 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. Mermaid Maritime PCL's Cost of Goods Sold for the three months ended in Jun. 2024 was S$199.4 Mil. Mermaid Maritime PCL's Average Total Inventories for the quarter that ended in Jun. 2024 was S$1.1 Mil. Mermaid Maritime PCL's Inventory Turnover for the quarter that ended in Jun. 2024 was 181.15.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Mermaid Maritime PCL's Days Inventory for the three months ended in Jun. 2024 was 0.50.

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. Mermaid Maritime PCL's Inventory-to-Revenue for the quarter that ended in Jun. 2024 was 0.01.

Mermaid Maritime PCL Inventory Turnover Historical Data

The historical data trend for Mermaid Maritime PCL'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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Mermaid Maritime PCL Inventory Turnover Chart

Mermaid Maritime PCL Annual Data

Trend

Sep14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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108.10

193.67

327.06

318.27

254.61

Mermaid Maritime PCL Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Inventory Turnover	Get a 7-Day Free Trial															87.39	124.15	96.87	97.91	181.15

Mermaid Maritime PCL Inventory Turnover Calculation

Mermaid Maritime PCL's Inventory Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Inventory Turnover (A: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2023 )	/ (	(Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )
=	323.349	/ (	(1.282	+	1.258)	/	2 )
=	323.349	/	1.27
=	254.61

Mermaid Maritime PCL's Inventory Turnover for the quarter that ended in Jun. 2024 is calculated as

	Inventory Turnover (Q: Jun. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jun. 2024 )	/ (	(Total Inventories (Q: Mar. 2024 )	+	Total Inventories (Q: Jun. 2024 ))	/	count )
=	199.356	/ (	(0.917	+	1.284)	/	2 )
=	199.356	/	1.1005
=	181.15

Mermaid Maritime PCL (SGX:DU4) 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.

Mermaid Maritime PCL's Days Inventory for the three months ended in Jun. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2024 )	/	Cost of Goods Sold (Q: Jun. 2024 )	*	Days in Period
	=	1.1005	/	199.356	*	365 / 4
	=	0.50

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.

Mermaid Maritime PCL's Inventory to Revenue for the quarter that ended in Jun. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2024 )	/	Revenue (Q: Jun. 2024 )
	=	1.1005	/	213.608
	=	0.01

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.

Mermaid Maritime PCL Inventory Turnover Related Terms

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Mermaid Maritime PCL Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Mermaid Maritime PCL (SGX:DU4) » Definitions » Inventory Turnover

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Address

Soi Chidlom, Ploenchit Road, No. 26/28-29, Orakarn Building, 9th Floor, Kwaeng Lumpinee, Khet Pathumwan, Bangkok, THA, 10330

Website

https://www.mermaid-group.com

Mermaid Maritime PCL is a subsea and offshore drilling services company. It provides full turnkey services to oil and gas majors operating offshore such as subsea vessels, specialized diving equipment, remotely operated vehicles and drilling and accommodation rigs. Its segments are the Subsea Group and Holding. The Subsea group, which is the key revenue driver, provides services including inspection, repair and maintenance (IRM), infrastructure installation support, remotely operated vehicle (ROV) Support, and cable and flexible pipe laying. The company has a presence across the world and Saudi Arabia is the highest income generator.

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