Petrovietnam Drilling & Well Service (STC:PVD) Inventory Turnover : 1.29 (As of Mar. 2024)

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What is Petrovietnam Drilling & Well Service 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. Petrovietnam Drilling & Well Service's Cost of Goods Sold for the three months ended in Mar. 2024 was ₫1,305,704 Mil. Petrovietnam Drilling & Well Service's Average Total Inventories for the quarter that ended in Mar. 2024 was ₫1,008,459 Mil. Petrovietnam Drilling & Well Service's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.29.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Petrovietnam Drilling & Well Service's Days Inventory for the three months ended in Mar. 2024 was 70.48.

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. Petrovietnam Drilling & Well Service's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.57.

Petrovietnam Drilling & Well Service Inventory Turnover Historical Data

The historical data trend for Petrovietnam Drilling & Well Service'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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Petrovietnam Drilling & Well Service Inventory Turnover Chart

Petrovietnam Drilling & Well Service Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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4.87

5.46

4.22

5.83

4.71

Petrovietnam Drilling & Well Service 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															1.13	1.20	1.19	1.42	1.29

Petrovietnam Drilling & Well Service Inventory Turnover Calculation

Petrovietnam Drilling & Well Service'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 )
=	4498918.88	/ (	(908560.922	+	999895.512)	/	2 )
=	4498918.88	/	954228.217
=	4.71

Petrovietnam Drilling & Well Service'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 )
=	1305703.514	/ (	(999895.512	+	1017023.462)	/	2 )
=	1305703.514	/	1008459.487
=	1.29

Petrovietnam Drilling & Well Service (STC:PVD) 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.

Petrovietnam Drilling & Well Service'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
	=	1008459.487	/	1305703.514	*	365 / 4
	=	70.48

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.

Petrovietnam Drilling & Well Service'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 )
	=	1008459.487	/	1755533.264
	=	0.57

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.

Petrovietnam Drilling & Well Service Inventory Turnover Related Terms

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Petrovietnam Drilling & Well Service (STC:PVD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Petrovietnam Drilling & Well Service Corp (STC:PVD) » Definitions » Inventory Turnover

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Traded in Other Exchanges

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Address

4th Floor, Sailing Tower, 111A Pasteur Street, Ben Nghe Ward, District 1, Ho Chi Minh, VNM

Website

http://www.pvdrilling.com.vn

Petrovietnam Drilling & Well Service Corp is a provider of drilling rigs and technical services for the exploration and exploitation of oil and gas industry locally and internationally. The company operates through three segments namely Drilling services, Trading, and Other services. Its Drilling services segment offers drilling rigs and drilling services. The Trading segment produces material and equipment for drilling-related activities. Its Other services segment is involved in administering well services, wireline logging, oil spill control service, drilling manpower supply service, investment-management project consulting service, management consulting service and other related services. Geographically it operates in Vietnam, Malaysia, Myanmar, Algeria.

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