Prosafe SE (OSL:PRS) Days Inventory : 46.09 (As of Dec. 2023)

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What is Prosafe SE Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Prosafe SE's Average Total Inventories for the three months ended in Dec. 2023 was kr53 Mil. Prosafe SE's Cost of Goods Sold for the three months ended in Dec. 2023 was kr104 Mil. Hence, Prosafe SE's Days Inventory for the three months ended in Dec. 2023 was 46.09.

The historical rank and industry rank for Prosafe SE's Days Inventory or its related term are showing as below:

OSL:PRS' s Days Inventory Range Over the Past 10 Years
Min: 2.76 Med: 5.92 Max: 55.72
Current: 55.25

During the past 13 years, Prosafe SE's highest Days Inventory was 55.72. The lowest was 2.76. And the median was 5.92.

OSL:PRS's Days Inventory is ranked worse than
70.68% of 730 companies
in the Oil & Gas industry
Industry Median: 31.41 vs OSL:PRS: 55.25

Prosafe SE's Days Inventory declined from Dec. 2022 (56.88) to Dec. 2023 (46.09).

Inventory Turnover measures how fast the company turns over its inventory within a year. Prosafe SE's Inventory Turnover for the three months ended in Dec. 2023 was 1.98.

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. Prosafe SE's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.18.

Prosafe SE Days Inventory Historical Data

The historical data trend for Prosafe SE'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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Prosafe SE Days Inventory Chart

Prosafe SE Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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7.05

12.15

10.31

33.63

55.72

Prosafe SE Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Inventory	Get a 7-Day Free Trial															56.88	54.78	-	-	46.09

Competitive Comparison of Prosafe SE's Days Inventory

For the Oil & Gas Equipment & Services subindustry, Prosafe SE'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.

Prosafe SE's Days Inventory Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Prosafe SE's Days Inventory falls into.

Prosafe SE Days Inventory Calculation

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

Prosafe SE'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
=	( (47.424	+	52.747)	/	2 )	/	328.086	*	365
=	50.0855					/	328.086	*	365
=	55.72

Prosafe SE's Days Inventory for the quarter that ended in Dec. 2023 is calculated as:

	Days Inventory (Q: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (0	+	52.747)	/	1 )	/	104.439	*	365 / 4
=	52.747					/	104.439	*	365 / 4
=	46.09

Prosafe SE (OSL:PRS) 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.

Prosafe SE's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	104.439	/	52.747
	=	1.98

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.

Prosafe SE's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	52.747	/	294.328
	=	0.18

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.

Prosafe SE Days Inventory Related Terms

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

Prosafe SE (OSL:PRS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Prosafe SE (OSL:PRS) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

PRSEF:USA PRSo:Sweden 1Q6:Germany

Address

Forusparken 2, Stavanger, NOR, 4031

Website

https://www.prosafe.com

Prosafe SE is an owner and operator of semi-submersible accommodation, safety, and support vessels, and one Tender Support Vessel. The company's vessels primarily serves energy companies on various offshore projects in global offshore oil and gas areas. The company's operations are related to the support of the lifecycle of offshore installations such as maintenance and modification of installations on fields already in production, hook-up and commissioning of new fields, tie-backs to existing infrastructure and decommissioning. Its core markets are the North Sea and Brazil.