TGS ASA (OSL:TGS) Days Inventory : 7.64 (As of Dec. 2023)

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What is TGS ASA Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). TGS ASA's Average Total Inventories for the three months ended in Dec. 2023 was kr117 Mil. TGS ASA's Cost of Goods Sold for the three months ended in Dec. 2023 was kr1,403 Mil. Hence, TGS ASA's Days Inventory for the three months ended in Dec. 2023 was 7.64.

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

OSL:TGS' s Days Inventory Range Over the Past 10 Years
Min: 5.65 Med: 5.99 Max: 6.32
Current: 6.15

During the past 13 years, TGS ASA's highest Days Inventory was 6.32. The lowest was 5.65. And the median was 5.99.

OSL:TGS's Days Inventory is ranked better than
86.16% of 730 companies
in the Oil & Gas industry
Industry Median: 31.41 vs OSL:TGS: 6.15

TGS ASA's Days Inventory increased from Dec. 2022 (6.28) to Dec. 2023 (7.64). It might indicate that TGS ASA's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. TGS ASA's Inventory Turnover for the three months ended in Dec. 2023 was 11.95.

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. TGS ASA's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.06.

TGS ASA Days Inventory Historical Data

The historical data trend for TGS ASA'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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TGS ASA Days Inventory Chart

TGS ASA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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5.65

6.32

TGS ASA 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															6.28	5.21	5.76	5.89	7.64

Competitive Comparison of TGS ASA's Days Inventory

For the Oil & Gas Equipment & Services subindustry, TGS ASA'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.

TGS ASA's Days Inventory Distribution in the Oil & Gas Industry

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

* The bar in red indicates where TGS ASA's Days Inventory falls into.

TGS ASA Days Inventory Calculation

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

TGS ASA'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
=	( (64.962	+	132.553)	/	2 )	/	5700.991	*	365
=	98.7575					/	5700.991	*	365
=	6.32

TGS ASA'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
=	( (102.389	+	132.553)	/	2 )	/	1403.492	*	365 / 4
=	117.471					/	1403.492	*	365 / 4
=	7.64

TGS ASA (OSL:TGS) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	1403.492	/	117.471
	=	11.95

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	117.471	/	1997.708
	=	0.06

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.

TGS ASA Days Inventory Related Terms

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TGS ASA (OSL:TGS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » TGS ASA (OSL:TGS) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

TGSGY:USA TGSo:Sweden 0MSJ:UK TGC:Germany

Address

Askekroken 11, Oslo, NOR, 0277

Website

https://www.tgs.com

TGS ASA provides geoscientific data products and services to the oil and gas industry to assist with licensing rounds and the preparation of regional data programs. It invests in multiclient data projects in frontier, emerging, and mature markets worldwide to develop a library of seismic imaging, well data, and interpretive products and services. Reportable segments are Western Hemisphere, Eastern Hemisphere, Digital Energy Solutions, Data Acquisition and Others. The company offers interpretation studies and services that integrate seismic, well logs, biostratigraphic data, core data and other geoscientific data to create basin-wide regional frameworks. TGS' geoscientists also contract consulting work in geology, geophysics, and petrophysics. Majority revenue comes from Latin America.