Diamond Offshore Drilling (FRA:DO10) Inventory Turnover : 39.59 (As of Mar. 2024)

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What is Diamond Offshore Drilling 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. Diamond Offshore Drilling's Cost of Goods Sold for the three months ended in Mar. 2024 was €212 Mil. Diamond Offshore Drilling's Average Total Inventories for the quarter that ended in Mar. 2024 was €5 Mil. Diamond Offshore Drilling's Inventory Turnover for the quarter that ended in Mar. 2024 was 39.59.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Diamond Offshore Drilling's Days Inventory for the three months ended in Mar. 2024 was 2.30.

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. Diamond Offshore Drilling's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.02.

Diamond Offshore Drilling Inventory Turnover Historical Data

The historical data trend for Diamond Offshore Drilling'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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Diamond Offshore Drilling Inventory Turnover Chart

Diamond Offshore Drilling Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

195.78

188.68

Diamond Offshore Drilling Quarterly Data
	Dec20	Mar21	Sep21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial							46.11	59.57	30.49	29.68	39.59

Diamond Offshore Drilling Inventory Turnover Calculation

Diamond Offshore Drilling'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 )
=	859.46	/ (	(4.806	+	4.304)	/	2 )
=	859.46	/	4.555
=	188.68

Diamond Offshore Drilling'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 )
=	212.359	/ (	(4.304	+	6.423)	/	2 )
=	212.359	/	5.3635
=	39.59

Diamond Offshore Drilling (FRA:DO10) 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.

Diamond Offshore Drilling'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
	=	5.3635	/	212.359	*	365 / 4
	=	2.30

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.

Diamond Offshore Drilling'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 )
	=	5.3635	/	252.641
	=	0.02

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.

Diamond Offshore Drilling Inventory Turnover Related Terms

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Diamond Offshore Drilling (FRA:DO10) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Diamond Offshore Drilling Inc (FRA:DO10) » Definitions » Inventory Turnover

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Traded in Other Exchanges

DO:USA

Address

15415 Katy Freeway, Houston, TX, USA, 77094

Website

http://www.diamondoffshore.com

Diamond Offshore Drilling Inc is a leader in offshore drilling, providing contract drilling services to the energy industry around the globe with a total fleet of 12 offshore drilling rigs, consisting of eight semisubmersibles and four dynamically positioned drillships.

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