Aban Offshore (NSE:ABAN) Days Inventory : 336.07 (As of Dec. 2023)

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What is Aban Offshore Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Aban Offshore's Average Total Inventories for the three months ended in Dec. 2023 was ₹1,065 Mil. Aban Offshore's Cost of Goods Sold for the three months ended in Dec. 2023 was ₹289 Mil. Hence, Aban Offshore's Days Inventory for the three months ended in Dec. 2023 was 336.07.

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

NSE:ABAN' s Days Inventory Range Over the Past 10 Years
Min: 120.54 Med: 278.24 Max: 669.38
Current: 339.34

During the past 13 years, Aban Offshore's highest Days Inventory was 669.38. The lowest was 120.54. And the median was 278.24.

NSE:ABAN's Days Inventory is ranked worse than
96.3% of 729 companies
in the Oil & Gas industry
Industry Median: 31.29 vs NSE:ABAN: 339.34

Aban Offshore's Days Inventory declined from Dec. 2022 (429.76) to Dec. 2023 (336.07).

Inventory Turnover measures how fast the company turns over its inventory within a year. Aban Offshore's Inventory Turnover for the three months ended in Dec. 2023 was 0.27.

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. Aban Offshore's Inventory-to-Revenue for the three months ended in Dec. 2023 was 1.13.

Aban Offshore Days Inventory Historical Data

The historical data trend for Aban Offshore'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.

Aban Offshore Days Inventory Chart

Aban Offshore Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Inventory

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178.71

161.31

377.77

380.05

407.82

Aban Offshore 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															429.76	378.12	285.25	334.33	336.07

Competitive Comparison of Aban Offshore's Days Inventory

For the Oil & Gas Drilling subindustry, Aban Offshore'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.

Aban Offshore's Days Inventory Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Aban Offshore's Days Inventory falls into.

Aban Offshore Days Inventory Calculation

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

Aban Offshore's Days Inventory for the fiscal year that ended in Mar. 2023 is calculated as

	Days Inventory (A: Mar. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Mar. 2022 )	+	Total Inventories (A: Mar. 2023 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2023 )	*	Days in Period
=	( (1963.57	+	966.17)	/	2 )	/	1311.05	*	365
=	1464.87					/	1311.05	*	365
=	407.82

Aban Offshore'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
=	( (1065.34	+	0)	/	1 )	/	289.26	*	365 / 4
=	1065.34					/	289.26	*	365 / 4
=	336.07

Aban Offshore (NSE:ABAN) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	289.26	/	1065.34
	=	0.27

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	1065.34	/	942.92
	=	1.13

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.

Aban Offshore Days Inventory Related Terms

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

Aban Offshore (NSE:ABAN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Aban Offshore Ltd (NSE:ABAN) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

523204:India

Address

Pantheon Road, 113, Janpriya Crest, Egmore, Chennai, TN, IND, 600 008

Website

https://www.abanoffshore.com

Aban Offshore Ltd is an Indian company engaged in the business of offshore drilling services. Its services include exploratory services, drilling services, production of hydrocarbons and manning and management. The business also owns and wind turbines for the generation of wind power in India. It generates maximum revenue from drilling services. Aban serves South East Asia, South Asia, Latin America, West Africa, and the Middle East.

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