Expro Group Holdings NV (FRA:FK2) Days Inventory : 40.20 (As of Mar. 2024)

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What is Expro Group Holdings NV Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Expro Group Holdings NV's Average Total Inventories for the three months ended in Mar. 2024 was €141 Mil. Expro Group Holdings NV's Cost of Goods Sold for the three months ended in Mar. 2024 was €321 Mil. Hence, Expro Group Holdings NV's Days Inventory for the three months ended in Mar. 2024 was 40.20.

The historical rank and industry rank for Expro Group Holdings NV's Days Inventory or its related term are showing as below:

FRA:FK2' s Days Inventory Range Over the Past 10 Years
Min: 28.62 Med: 38.92 Max: 42.51
Current: 39.29

During the past 5 years, Expro Group Holdings NV's highest Days Inventory was 42.51. The lowest was 28.62. And the median was 38.92.

FRA:FK2's Days Inventory is ranked worse than
57.55% of 728 companies
in the Oil & Gas industry
Industry Median: 31.185 vs FRA:FK2: 39.29

Expro Group Holdings NV's Days Inventory declined from Mar. 2023 (43.83) to Mar. 2024 (40.20).

Inventory Turnover measures how fast the company turns over its inventory within a year. Expro Group Holdings NV's Inventory Turnover for the three months ended in Mar. 2024 was 2.27.

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. Expro Group Holdings NV's Inventory-to-Revenue for the three months ended in Mar. 2024 was 0.40.

Expro Group Holdings NV Days Inventory Historical Data

The historical data trend for Expro Group Holdings NV'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.

* Premium members only.

Expro Group Holdings NV Days Inventory Chart

Expro Group Holdings NV Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

28.62

38.64

41.32

38.93

Expro Group Holdings NV Quarterly Data
	Dec19	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Inventory	Get a 7-Day Free Trial										43.83	40.16	39.72	36.19	40.20

Competitive Comparison of Expro Group Holdings NV's Days Inventory

For the Oil & Gas Equipment & Services subindustry, Expro Group Holdings NV'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.

Expro Group Holdings NV's Days Inventory Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Expro Group Holdings NV's Days Inventory distribution charts can be found below:

* The bar in red indicates where Expro Group Holdings NV's Days Inventory falls into.

Expro Group Holdings NV Days Inventory Calculation

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

Expro Group Holdings NV'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
=	( (145.11	+	131.429)	/	2 )	/	1296.23	*	365
=	138.2695					/	1296.23	*	365
=	38.93

Expro Group Holdings NV'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
=	( (131.429	+	151.179)	/	2 )	/	320.742	*	365 / 4
=	141.304					/	320.742	*	365 / 4
=	40.20

Expro Group Holdings NV (FRA:FK2) 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.

Expro Group Holdings NV's Inventory Turnover for the three months ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	320.742	/	141.304
	=	2.27

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.

Expro Group Holdings NV's Inventory to Revenue for the three months ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	141.304	/	352.81
	=	0.40

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.

Expro Group Holdings NV Days Inventory Related Terms

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Expro Group Holdings NV (FRA:FK2) Business Description

Industry

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XPRO:USA

Address

1311 Broadfield Boulevard., Suite 400, Houston, TX, USA, 77084

Website

https://www.expro.com

Expro Group offers products and services that span the well life cycle, including well construction, well flow management, well intervention and integrity, and subsea well access. It maintains operations around the world and specializes in offshore production solutions, capabilities enhanced by the 2021 merger with Frank's International. It also provides production optimization for both onshore and offshore applications. The majority of its business relies on international and offshore markets, representing about 80% and 70% of annual revenue, respectively.

Expro Group Holdings NV (FRA:FK2) Headlines

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