Days Inventory is also known as Days Sales of Inventory (DSI). Civeo's Average Total Inventories for the
three
months ended in Dec. 2023 was $6.6 Mil. Civeo's Cost of Goods Sold for the
three
months ended in Dec. 2023 was $135.1 Mil.
Hence, Civeo's Days Inventory for the
three
months ended in Dec. 2023 was 4.48.
The historical rank and industry rank for Civeo's Days Inventory or its related term are showing as below:
CVEO'
s Days Inventory Range Over the Past 10 Years
Min: 4.72 Med: 5.96 Max: 14.42
Current: 4.78
During the past 12 years, Civeo's highest Days Inventory was 14.42. The lowest was 4.72. And the median was 5.96.
CVEO's Days Inventory is ranked better than 77.24% of 681
companies
in the Business Services industry
Industry Median: 29.1
vs CVEO: 4.78
Civeo's Days Inventory
declined
from Dec. 2022 (4.96) to Dec. 2023 (4.48).
Inventory Turnover measures how fast the company turns over its inventory within a year.
Civeo's Inventory Turnover for the
three
months ended in Dec. 2023 was 20.38.
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.
Civeo's Inventory-to-Revenue for the
three
months ended in Dec. 2023 was 0.04.
Civeo Days Inventory Historical Data
The historical data trend for Civeo'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.
For the Specialty Business Services subindustry, Civeo'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.
Civeo's Days Inventory Distribution in the Business Services Industry
For the Business Services industry and Industrials sector, Civeo's Days Inventory distribution charts can be found below:
* The bar in red indicates where Civeo's Days Inventory falls into.
Civeo Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Civeo's Days Inventory for the fiscal year that ended in Dec. 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.
Civeo (NYSE:CVEO) 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.
Civeo's Inventory Turnover for the
three
months ended in Dec. 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.
Civeo's Inventory to Revenue for the
three
months ended in Dec. 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.
Civeo Days Inventory Related Terms
Thank you for viewing the detailed overview of Civeo's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Civeo Corp provides hospitality services to the natural resources industry in Canada, Australia and the United States. The company provides a full suite of services for guests, including lodging, catering and food service, housekeeping and maintenance at accommodation facilities that the company or its customers own. The company provides services that support the day-to-day operations of these facilities, such as laundry, facility management and maintenance, water and wastewater treatment, power generation, communication systems, security and logistics. The company operates in active oil, metallurgical coal, liquefied natural gas and iron ore-producing regions. The company operates in three reportable business segments Canada, Australia and the United States.
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