Caspian Sunrise (LSE:CASP) Inventory Turnover : 3.31 (As of Jun. 2023)

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What is Caspian Sunrise 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. Caspian Sunrise's Cost of Goods Sold for the six months ended in Jun. 2023 was £3.88 Mil. Caspian Sunrise's Average Total Inventories for the quarter that ended in Jun. 2023 was £1.18 Mil. Caspian Sunrise's Inventory Turnover for the quarter that ended in Jun. 2023 was 3.31.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Caspian Sunrise's Days Inventory for the six months ended in Jun. 2023 was 55.21.

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 Sunrise's Inventory-to-Revenue for the quarter that ended in Jun. 2023 was 0.09.

Caspian Sunrise Inventory Turnover Historical Data

The historical data trend for Caspian Sunrise'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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Caspian Sunrise Inventory Turnover Chart

Caspian Sunrise Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Inventory Turnover

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18.15

12.37

10.69

19.34

Caspian Sunrise Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Inventory Turnover	Get a 7-Day Free Trial															2.88	3.61	10.38	6.77	3.31

Caspian Sunrise Inventory Turnover Calculation

Caspian Sunrise's Inventory Turnover for the fiscal year that ended in Dec. 2022 is calculated as

	Inventory Turnover (A: Dec. 2022 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2022 )	/ (	(Total Inventories (A: Dec. 2021 )	+	Total Inventories (A: Dec. 2022 ))	/	count )
=	8.733	/ (	(0.499	+	0.404)	/	2 )
=	8.733	/	0.4515
=	19.34

Caspian Sunrise's Inventory Turnover for the quarter that ended in Jun. 2023 is calculated as

	Inventory Turnover (Q: Jun. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jun. 2023 )	/ (	(Total Inventories (Q: Dec. 2022 )	+	Total Inventories (Q: Jun. 2023 ))	/	count )
=	3.884	/ (	(0.404	+	1.946)	/	2 )
=	3.884	/	1.175
=	3.31

Caspian Sunrise (LSE:CASP) 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 Sunrise's Days Inventory for the six months ended in Jun. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2023 )	/	Cost of Goods Sold (Q: Jun. 2023 )	*	Days in Period
	=	1.175	/	3.884	*	365 / 2
	=	55.21

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 Sunrise's Inventory to Revenue for the quarter that ended in Jun. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2023 )	/	Revenue (Q: Jun. 2023 )
	=	1.175	/	13.691
	=	0.09

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 Sunrise Inventory Turnover Related Terms

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Caspian Sunrise (LSE:CASP) Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Caspian Sunrise PLC (LSE:CASP) » Definitions » Inventory Turnover

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ROXIF:USA

Address

152-A, Karasai Batyra Street, 7th Floor, Almaty, KAZ, 050026

Website

https://www.caspiansunrise.com

Caspian Sunrise PLC is a UK-based company. Its principal activities are the exploration and production of crude oil in Kazakhstan. The company's operations include BNG located in the west of Kazakhstan, Munaily field which is located in the Atyrau Oblast and Beibars which is situated on the Caspian shoreline south of the city of Aktau. Its revenues are derived from the sale of oil in Kazakhstan. Geographically, it operates only in Kazakhstan.

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