Oceaneering International (LTS:0KAN) Change In Inventory : $-19 Mil (TTM As of Mar. 2024)

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What is Oceaneering International Change In Inventory?

Oceaneering International's change in inventory for the quarter that ended in Mar. 2024 was $-7 Mil. It means Oceaneering International's inventory increased by $7 Mil from Dec. 2023 to Mar. 2024 .

Oceaneering International's change in inventory for the fiscal year that ended in Dec. 2023 was $-25 Mil. It means Oceaneering International's inventory increased by $25 Mil from Dec. 2022 to Dec. 2023 .

Oceaneering International's Total Inventories for the quarter that ended in Mar. 2024 was $217 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Oceaneering International's Days Inventory for the quarter that ended in Mar. 2024 was 38.42.

Inventory Turnover measures how fast the company turns over its inventory within a year. Oceaneering International's Inventory Turnover for the quarter that ended in Mar. 2024 was 2.37.

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. Oceaneering International's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.36.

Oceaneering International Change In Inventory Historical Data

The historical data trend for Oceaneering International's Change In 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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Oceaneering International Change In Inventory Chart

Oceaneering International Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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-11.78

26.47

7.31

-30.69

-25.42

Oceaneering International Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Change In Inventory	Get a 7-Day Free Trial															-13.24	-11.22	0.63	-1.60	-7.12

Oceaneering International Change In Inventory Calculation

Change In Inventory is the difference between last period's ending inventory and the current period's ending inventory.

Change In Inventory for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-19 Mil.

Oceaneering International (LTS:0KAN) Change In Inventory Explanation

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

Oceaneering International's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	213.356	/	506.708	*	365 / 4
	=	38.42

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

Oceaneering International's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	506.708	/	213.356
	=	2.37

3. 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.

Oceaneering International's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	213.356	/	599.092
	=	0.36

Oceaneering International Change In Inventory Related Terms

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Oceaneering International (LTS:0KAN) Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Oceaneering International Inc (LTS:0KAN) » Definitions » Change In Inventory

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Address

5875 North Sam Houston Parkway, Suite 400, Houston, TX, USA, 77086

Website

https://www.oceaneering.com

Oceaneering International Inc is a global provider of engineered services and products robotic solutions to the offshore energy, defense, aerospace, manufacturing and entertainment industries. Most of Oceaneering's products are produced for the offshore oil and gas market. It had a 2020 segment realignment to promote synergies and cost efficiency. The five segments are subsea robotics; manufactured products; offshore projects group; integrity management and digital solutions; and aerospace and defense technologies. Within the segments are two businesses - services and products provided primarily to the oil and gas industry. The firm is also involved in the offshore renewables and mobility solutions industries.

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