Hermitage Offshore Services (FRA:N5OA) Total Inventories : €2.11 Mil (As of Mar. 2020)

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What is Hermitage Offshore Services Total Inventories?

Hermitage Offshore Services's total inventories for the quarter that ended in Mar. 2020 was €2.11 Mil. Hermitage Offshore Services's average total inventories from the quarter that ended in Dec. 2019 to the quarter that ended in Mar. 2020 was €1.87 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Hermitage Offshore Services's Net-Net Working Capital per share for the quarter that ended in Mar. 2020 was €-3.76.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Hermitage Offshore Services's Days Inventory for the three months ended in Mar. 2020 was 13.92.

Inventory Turnover measures how fast the company turns over its inventory within a year. Hermitage Offshore Services's Inventory Turnover for the quarter that ended in Mar. 2020 was 6.55.

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. Hermitage Offshore Services's Inventory-to-Revenue for the quarter that ended in Mar. 2020 was 0.19.

Hermitage Offshore Services Total Inventories Historical Data

The historical data trend for Hermitage Offshore Services'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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Hermitage Offshore Services Total Inventories Chart

Hermitage Offshore Services Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Total Inventories

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0.73

1.18

1.28

1.04

1.63

Hermitage Offshore Services Quarterly Data
	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20
Total Inventories	Get a 7-Day Free Trial															-	2.31	1.62	1.63	2.11

Hermitage Offshore Services 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.

Hermitage Offshore Services (FRA:N5OA) 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.

Hermitage Offshore Services's Net-Net Working Capital Per Share for the quarter that ended in Mar. 2020 is

	Net-Net Working Capital Per Share (Q: Mar. 2020 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(9.783	+	0.75 * 7.814	+	0.5 * 2.112	-	134.499
-	0	-	0)	/	31.3302
=	-3.76

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

Hermitage Offshore Services's Days Inventory for the three months ended in Mar. 2020 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2020 )	/	Cost of Goods Sold (Q: Mar. 2020 )	*	Days in Period
	=	1.8695	/	12.252	*	365 / 4
	=	13.92

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

Hermitage Offshore Services's Inventory Turnover for the quarter that ended in Mar. 2020 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Mar. 2020 )	/	Average Total Inventories (Q: Mar. 2020 )
	=	12.252	/	1.8695
	=	6.55

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.

Hermitage Offshore Services's Inventory to Revenue for the quarter that ended in Mar. 2020 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2020 )	/	Revenue (Q: Mar. 2020 )
	=	1.8695	/	9.84
	=	0.19

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.

Hermitage Offshore Services Total Inventories Related Terms

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Hermitage Offshore Services (FRA:N5OA) Business Description

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Address

27 Reid Street, LOM Building, Hamilton, BMU, HM 11

Website

https://www.hermitage-offshore.com

Hermitage Offshore Services Ltd is a platform supply vessel company. The company owns and operates platform supply vessels in the North Sea and in West Africa. Its operating segment is the offshore support vessel market. All the company's vessels operate in the North Sea in both the term and spot market. Its vessels are considered homogeneous and interchangeable as it has approximately the same cargo deck area and capacity.

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