TGS ASA (OSL:TGS) Total Inventories : kr133 Mil (As of Dec. 2023)

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What is TGS ASA Total Inventories?

TGS ASA's total inventories for the quarter that ended in Dec. 2023 was kr133 Mil. TGS ASA's average total inventories from the quarter that ended in Sep. 2023 to the quarter that ended in Dec. 2023 was kr117 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. TGS ASA's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was kr-33.01.

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 three months ended in Dec. 2023 was 7.64.

Inventory Turnover measures how fast the company turns over its inventory within a year. TGS ASA's Inventory Turnover for the quarter that 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 quarter that ended in Dec. 2023 was 0.06.

TGS ASA Total Inventories Historical Data

The historical data trend for TGS ASA's Total Inventories 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 Total Inventories Chart

TGS ASA Annual Data

Trend

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Dec23

Total Inventories

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64.96

132.55

TGS ASA Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Total Inventories	Get a 7-Day Free Trial															64.96	89.21	95.98	102.39	132.55

TGS ASA Total Inventories Calculation

Total Inventories includes the raw materials, work-in-process goods and completely finished goods of a company. It is a portion of a company's current assets.

TGS ASA (OSL:TGS) Total Inventories Explanation

Inventory control is an important part of business operation. If a company does not have enough inventory, it may not be able to meet customers' required delivery time. If it has too much inventory, the cost of holding the inventory can be high.

1. In Ben Graham's calculation of Net-Net Working Capital (NNWC), inventory is only considered worth half of its book value.

TGS ASA's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2023 is

	Net-Net Working Capital Per Share (Q: Dec. 2023 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(2059.876	+	0.75 * 988.605	+	0.5 * 132.553	-	7182.432
-	0	-	4.937)	/	130.862
=	-33.01

2. 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 three months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	117.471	/	1403.492	*	365 / 4
	=	7.64

3. Inventory Turnover measures how fast the company turns over its inventory within a year.

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

Inventory Turnover	=	Cost of Goods Sold (Q: Dec. 2023 )	/	Average Total Inventories (Q: Dec. 2023 )
	=	1403.492	/	117.471
	=	11.95

4. 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 quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	117.471	/	1997.708
	=	0.06

Be Aware

Manufacturers with durable competitive advantages have the advantage that the products they sell do not change, and therefore will never become obsolete. Buffett likes this advantage.

When identifying manufacturers with durable competitive advantage, look for inventory and net earnings that rise correspondingly. This indicates that the company is finding profitable ways to increase sales which called for an increase in inventory.

Manufacturers with inventories that spike up and down are indicative of competitive industries subject to boom and bust.

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TGS ASA (OSL:TGS) Business Description

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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.