Baker Hughes Co (Baker Hughes Co) Days Inventory : 92.61 (As of Mar. 2024)

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What is Baker Hughes Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Baker Hughes Co's Average Total Inventories for the three months ended in Mar. 2024 was $5,217 Mil. Baker Hughes Co's Cost of Goods Sold for the three months ended in Mar. 2024 was $5,140 Mil. Hence, Baker Hughes Co's Days Inventory for the three months ended in Mar. 2024 was 92.61.

The historical rank and industry rank for Baker Hughes Co's Days Inventory or its related term are showing as below:

BKR' s Days Inventory Range Over the Past 10 Years
Min: 86.78 Med: 93.24 Max: 115.94
Current: 88.1

During the past 9 years, Baker Hughes Co's highest Days Inventory was 115.94. The lowest was 86.78. And the median was 93.24.

BKR's Days Inventory is ranked worse than
82.74% of 730 companies
in the Oil & Gas industry
Industry Median: 31.555 vs BKR: 88.10

Baker Hughes Co's Days Inventory declined from Mar. 2023 (93.64) to Mar. 2024 (92.61).

Inventory Turnover measures how fast the company turns over its inventory within a year. Baker Hughes Co's Inventory Turnover for the three months ended in Mar. 2024 was 0.99.

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. Baker Hughes Co's Inventory-to-Revenue for the three months ended in Mar. 2024 was 0.81.

Baker Hughes Co Days Inventory Historical Data

The historical data trend for Baker Hughes Co'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.

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Baker Hughes Co Days Inventory Chart

Baker Hughes Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

Get a 7-Day Free Trial

86.78

94.13

93.17

93.30

87.23

Baker Hughes Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Inventory	Get a 7-Day Free Trial															93.64	88.83	85.44	85.17	92.61

Competitive Comparison of Baker Hughes Co's Days Inventory

For the Oil & Gas Equipment & Services subindustry, Baker Hughes Co'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.

Baker Hughes Co's Days Inventory Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Baker Hughes Co's Days Inventory distribution charts can be found below:

* The bar in red indicates where Baker Hughes Co's Days Inventory falls into.

Baker Hughes Co Days Inventory Calculation

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

Baker Hughes Co's Days Inventory for the fiscal year that ended in Dec. 2023 is calculated as

	Days Inventory (A: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (4587	+	5094)	/	2 )	/	20255	*	365
=	4840.5					/	20255	*	365
=	87.23

Baker Hughes Co's Days Inventory for the quarter that ended in Mar. 2024 is calculated as:

	Days Inventory (Q: Mar. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (5094	+	5339)	/	2 )	/	5140	*	365 / 4
=	5216.5					/	5140	*	365 / 4
=	92.61

Baker Hughes Co (NAS:BKR) 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.

Baker Hughes Co's Inventory Turnover for the three months ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	5140	/	5216.5
	=	0.99

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.

Baker Hughes Co's Inventory to Revenue for the three months ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	5216.5	/	6418
	=	0.81

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.

Baker Hughes Co Days Inventory Related Terms

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

Baker Hughes Co (Baker Hughes Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Baker Hughes Co (NAS:BKR) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

BKR:Mexico 68V:Germany 68V:Germany 68V:Germany B1KR34:Brazil BKR:Austria

Address

17021 Aldine Westfield Road, Houston, TX, USA, 77073-5101

Website

https://www.bakerhughes.com

Baker Hughes is a global leader in oilfield services and oilfield equipment, with particularly strong presences in the artificial lift, specialty chemicals, and completions markets. It maintains modest exposure to offshore oil and gas production. The other half of its business focuses on industrial power generation, process solutions, and industrial asset management, with high exposure to the liquid natural gas market specifically, as well as broader industrials end markets.

Executives

Maria C Borras	officer: EVP, Oilfield Services & Equip	2929 ALLEN PARKWAY, SUITE 2100, HOUSTON TX 77019
Regina Jones	officer: Chief Legal Officer	7102 COMMERCE WAY, BRENTWOOD TN 37027
Lorenzo Simonelli	director, officer: Chairman, President and CEO	17021 ALDINE WESTFIELD ROAD, HOUSTON TX 77073
James E Apostolides	officer: SVP, Enterprise Op Excellence	17021 ALDINE WESTFIELD RD, HOUSTON TX 77073
Rebecca L Charlton	officer: SVP, Controller & CAO	17021 ALDINE WESTFIELD ROAD, HOUSTON TX 77073
Nelda J Connors	director	BOSTON SCIENTIFIC CORPORATION, 300 BOSTON SCIENTIFIC WAY, MARLBOROUGH MA 01752-1234
Mohsen Sohi	director	C/O STERIS CORPORATION, 5960 HEISLEY ROAD, MENTOR OH 44060
Michael R Dumais	director	870 WINTER STREET, WALTHAM MA 02451
William G Beattie	director	GENERAL ELECTRIC COMPANY, 41 FARNSWORTH STREET, BOSTON MA 02210
John G Rice	director	GENERAL ELECTRIC COMPANY, 41 FARNSWORTH STREET, BOSTON MA 02210
Lynn Laverty Elsenhans	director	6400 POPLAR AVENUE, MEMPHIS TN 38197
Cynthia B Carroll	director	C/O ALCAN INC., 1188 SHERBROOKE STREET WEST, MONTREAL A8 H3A 3G2
Gregory D Brenneman	director
Kurt Camilleri	officer: SVP/Controller/Chief Acctg Off	17021 ALDINE WESTFIELD ROAD, HOUSTON TX 77073
Sreeganesh Ramaswamy	officer: EVP, Industrial & Energy Tech	5757 N. GREEN BAY AVENUE, MILWAUKEE WI 53209