SBM Offshore NV (FRA:IHCB) Inventory Turnover : 14.89 (As of Dec. 2023)

View and export this data going back to . Start your Free Trial

What is SBM Offshore NV 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. SBM Offshore NV's Cost of Goods Sold for the six months ended in Dec. 2023 was €1,622 Mil. SBM Offshore NV's Average Total Inventories for the quarter that ended in Dec. 2023 was €109 Mil. SBM Offshore NV's Inventory Turnover for the quarter that ended in Dec. 2023 was 14.89.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. SBM Offshore NV's Days Inventory for the six months ended in Dec. 2023 was 12.26.

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. SBM Offshore NV's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.05.

SBM Offshore NV Inventory Turnover Historical Data

The historical data trend for SBM Offshore NV'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.

* Premium members only.

SBM Offshore NV Inventory Turnover Chart

SBM Offshore NV Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

Get a 7-Day Free Trial

2.79

1.51

0.89

1.90

40.53

SBM Offshore NV Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															0.48	0.91	94.90	30.68	14.89

SBM Offshore NV Inventory Turnover Calculation

SBM Offshore NV'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 )
=	3248.014	/ (	(24.544	+	135.716)	/	2 )
=	3248.014	/	80.13
=	40.53

SBM Offshore NV's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

	Inventory Turnover (Q: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2023 )	/ (	(Total Inventories (Q: Jun. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	1622.173	/ (	(82.147	+	135.716)	/	2 )
=	1622.173	/	108.9315
=	14.89

SBM Offshore NV (FRA:IHCB) 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.

SBM Offshore NV's Days Inventory for the six months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	108.9315	/	1622.173	*	365 / 2
	=	12.26

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.

SBM Offshore NV's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	108.9315	/	2303.504
	=	0.05

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.

SBM Offshore NV Inventory Turnover Related Terms

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

SBM Offshore NV (FRA:IHCB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » SBM Offshore NV (FRA:IHCB) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

SBFFY:USA SBFFF:USA SBMO:Netherlands SBMOa:UK 0NIS:UK IHCB:Germany

Address

Evert van de Beekstraat 1-77, Schiphol, Amsterdam, NH, NLD, 1118 CL

Website

https://www.sbmoffshore.com

SBM Offshore NV provides floating production solutions to the offshore energy industry both in hydrocarbon and renewable markets. Its main activities are the design, supply, installation, operation, and life extension of Floating Production Storage and Offloading (FPSO) vessels. The company is also working on floating offshore wind, wave energy and research and development of products for future energy markets. It has dedicated product lines to provide specific floating equipment and products such as Turret Mooring Systems (TMS) and offshore (off)loading Terminals. The Company has two segments: Lease and Operate segment includes all earned day rates on operating lease and operate contracts, and The turnkey segment includes revenues from Turnkey supply contracts and after-sales services.

SBM Offshore NV (FRA:IHCB) Headlines

No Headlines