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SRT Marine Systems (LSE:SRT) Days Inventory : 206.05 (As of Sep. 2023)


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What is SRT Marine Systems Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). SRT Marine Systems's Average Total Inventories for the six months ended in Sep. 2023 was £3.89 Mil. SRT Marine Systems's Cost of Goods Sold for the six months ended in Sep. 2023 was £3.44 Mil. Hence, SRT Marine Systems's Days Inventory for the six months ended in Sep. 2023 was 206.05.

The historical rank and industry rank for SRT Marine Systems's Days Inventory or its related term are showing as below:

LSE:SRT' s Days Inventory Range Over the Past 10 Years
Min: 52.26   Med: 230.96   Max: 405.52
Current: 112.7

During the past 13 years, SRT Marine Systems's highest Days Inventory was 405.52. The lowest was 52.26. And the median was 230.96.

LSE:SRT's Days Inventory is ranked worse than
55.29% of 2409 companies
in the Hardware industry
Industry Median: 101.86 vs LSE:SRT: 112.70

SRT Marine Systems's Days Inventory increased from Sep. 2022 (39.48) to Sep. 2023 (206.05). It might indicate that SRT Marine Systems's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. SRT Marine Systems's Inventory Turnover for the six months 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 six months ended in Sep. 2023 was 0.71.


SRT Marine Systems Days Inventory Historical Data

The historical data trend for SRT Marine Systems's Days 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.

* Premium members only.

SRT Marine Systems Days Inventory Chart

SRT Marine Systems Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Days Inventory
Get a 7-Day Free Trial Premium Member Only Premium Member Only 92.27 52.26 153.86 156.86 54.62

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
Days Inventory Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 143.76 171.64 39.48 71.52 206.05

Competitive Comparison of SRT Marine Systems's Days Inventory

For the Scientific & Technical Instruments subindustry, SRT Marine Systems's Days Inventory, along with its competitors' market caps and Days Inventory data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


SRT Marine Systems's Days Inventory Distribution in the Hardware Industry

For the Hardware industry and Technology sector, SRT Marine Systems's Days Inventory distribution charts can be found below:

* The bar in red indicates where SRT Marine Systems's Days Inventory falls into.



SRT Marine Systems Days Inventory Calculation

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 fiscal year that ended in Mar. 2023 is calculated as

Days Inventory (A: Mar. 2023 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (A: Mar. 2022 ) + Total Inventories (A: Mar. 2023 )) / count ) / Cost of Goods Sold (A: Mar. 2023 )*Days in Period
=( (2.36 + 3.466) / 2 ) / 19.467*365
=2.913 / 19.467*365
=54.62

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

Days Inventory (Q: Sep. 2023 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (Q: Mar. 2023 ) + Total Inventories (Q: Sep. 2023 )) / count ) / Cost of Goods Sold (Q: Sep. 2023 )*Days in Period
=( (3.466 + 4.304) / 2 ) / 3.441*365 / 2
=3.885 / 3.441*365 / 2
=206.05

* 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.


SRT Marine Systems  (LSE:SRT) Days Inventory Explanation

Days Inventory indicates the liquidity of the inventory. Generally, a lower Days Inventory is preferred as it indicates a shorter duration to clear off the inventory. An increase of the ratio may indicate the company's sales slowed. Similar ratios related to Days Inventory are:

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

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

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.

SRT Marine Systems's Inventory to Revenue for the six months ended in Sep. 2023 is calculated as

* 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

A lot of business are seasonable. It makes more sense to compare Days Inventory from the same period in the previous year instead of from the previous quarter.


SRT Marine Systems Days Inventory Related Terms

Thank you for viewing the detailed overview of SRT Marine Systems's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.


SRT Marine Systems (LSE:SRT) Business Description

Traded in Other Exchanges
Address
Wireless House, Midsomer Norton, Westfield Industrial Estate, Bath, GBR, BA3 4BS
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.