Civeo (CVEO) Inventory Turnover : 18.35 (As of Mar. 2024)

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What is Civeo Inventory Turnover?

Inventory Turnover measures how fast the company turns over its inventory within a year. It is calculated as Cost of Goods Sold divided by Total Inventories. Civeo's Cost of Goods Sold for the three months ended in Mar. 2024 was $130.4 Mil. Civeo's Average Total Inventories for the quarter that ended in Mar. 2024 was $7.1 Mil. Civeo's Inventory Turnover for the quarter that ended in Mar. 2024 was 18.35.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Civeo's Days Inventory for the three months ended in Mar. 2024 was 4.97.

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. Civeo's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.04.

Civeo Inventory Turnover Historical Data

The historical data trend for Civeo's Inventory Turnover 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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Civeo Inventory Turnover Chart

Civeo Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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71.99

63.38

69.01

77.32

76.36

Civeo Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial															18.69	18.07	19.38	20.38	18.35

Civeo Inventory Turnover Calculation

Civeo's Inventory Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Inventory Turnover (A: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2023 )	/ (	(Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )
=	530.287	/ (	(6.907	+	6.982)	/	2 )
=	530.287	/	6.9445
=	76.36

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

	Inventory Turnover (Q: Mar. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2024 )	/ (	(Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )
=	130.445	/ (	(6.982	+	7.233)	/	2 )
=	130.445	/	7.1075
=	18.35

Civeo (NYSE:CVEO) Inventory Turnover Explanation

Inventory Turnover measures how fast the company turns over its inventory within a year. A higher Inventory Turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.

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

Civeo's Days Inventory for the three months ended in Mar. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2024 )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
	=	7.1075	/	130.445	*	365 / 4
	=	4.97

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.

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

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	7.1075	/	166.12
	=	0.04

Be Aware

Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate Inventory Turnover. An average inventory is a better indication.

Civeo Inventory Turnover Related Terms

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Civeo (CVEO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Civeo Corp (NYSE:CVEO) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

44C1:Germany

Address

333 Clay Street, Three Allen Center, Suite 4980, Houston, TX, USA, 77002

Website

https://www.civeo.com

Civeo Corp provides hospitality services to the natural resources industry in Canada, Australia and the United States. The company provides a full suite of services for guests, including lodging, catering and food service, housekeeping and maintenance at accommodation facilities that the company or its customers own. The company provides services that support the day-to-day operations of these facilities, such as laundry, facility management and maintenance, water and wastewater treatment, power generation, communication systems, security and logistics. The company operates in active oil, metallurgical coal, liquefied natural gas and iron ore-producing regions. The company operates in three reportable business segments Canada, Australia and the United States.

Executives

Moore Constance B	director	333 CLAY STREET, SUITE 4980, HOUSTON TX 77002
Lance Torgerson	10 percent owner	596 MCCLURE ROAD, KELOWNA A1 V1W 1H3
Martin Lambert	director	333 CLAY STREET, STE 4980, HOUSTON TX 77002
Allan Schoening	officer: See Remarks	333 CLAY STREET, #4980, HOUSTON TX 77002
Peter Mccann	officer: Sr. Vice President, Australia	333 CLAY STREET, SUITE 4980, HOUSTON TX 77002
Jagdish Grewal	director	333 CLAY STREET, SUITE 4980, HOUSTON TX 77065
Michael Montelongo	director	203 EAST MAIN STREET, SPARTANBURG SC 29319
Bradley J Dodson	director, officer: President, CEO, and Director	333 CLAY STREET, SUITE 4980, HOUSTON TX 77002
Barclay Brewer	officer: Vice President and Controller	333 CLAY STREET, SUITE 4980, HOUSTON TX 77002
Ronald Gilbertson	director	333 CLAY STREET, HOUSTON TX 77002
Tammy Torgerson	10 percent owner	596 MCCLURE ROAD, KELOWNA A1 V1W 1H3
Torgerson Family Trust	10 percent owner	596 MCCLURE ROAD, KELOWNA A1 V1W 1H3
Timothy O Wall	director	333 CLAY STREET, SUITE 4980, HOUSTON TX 77002
Frank Steininger	officer: See Remarks	333 CLAY STREET, SUITE 4980, HOUSTON TX 77002
Mike Ridley	officer: See Remarks	333 CLAY STREET, SUITE 4980, HOUSTON TX 77002