Odfjell Drilling (OSTO:ODLO) Total Inventories : kr0 Mil (As of Mar. 2024)

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What is Odfjell Drilling Total Inventories?

Odfjell Drilling's total inventories for the quarter that ended in Mar. 2024 was kr0 Mil. Odfjell Drilling's average total inventories from the quarter that ended in Dec. 2023 to the quarter that ended in Mar. 2024 was kr0 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Odfjell Drilling's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was kr-30.39.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Odfjell Drilling's Days Inventory for the three months ended in Mar. 2024 was 0.00.

Inventory Turnover measures how fast the company turns over its inventory within a year.

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. Odfjell Drilling's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.00.

Odfjell Drilling Total Inventories Historical Data

The historical data trend for Odfjell Drilling's Total Inventories 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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Odfjell Drilling Total Inventories Chart

Odfjell Drilling Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

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16.90

17.99

22.45

Odfjell Drilling Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Total Inventories	Get a 7-Day Free Trial															-	-	-	-	-

Odfjell Drilling Total Inventories Calculation

Total Inventories includes the raw materials, work-in-process goods and completely finished goods of a company. It is a portion of a company's current assets.

Odfjell Drilling (OSTO:ODLO) Total Inventories Explanation

Inventory control is an important part of business operation. If a company does not have enough inventory, it may not be able to meet customers' required delivery time. If it has too much inventory, the cost of holding the inventory can be high.

1. In Ben Graham's calculation of Net-Net Working Capital (NNWC), inventory is only considered worth half of its book value.

Odfjell Drilling's Net-Net Working Capital Per Share for the quarter that ended in Mar. 2024 is

	Net-Net Working Capital Per Share (Q: Mar. 2024 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(1006.027	+	0.75 * 1068.638	+	0.5 * 0	-	9004.367
-	0	-	0)	/	236.783
=	-30.39

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

Odfjell 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
	=	0	/	510.442	*	365 / 4
	=	0.00

3. Inventory Turnover measures how fast the company turns over its inventory within a year.

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

Inventory Turnover	=	Cost of Goods Sold (Q: Mar. 2024 )	/	Average Total Inventories (Q: Mar. 2024 )
	=	510.442	/	0
	=	N/A

4. 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.

Odfjell 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 )
	=	0	/	1293.615
	=	0.00

Be Aware

Manufacturers with durable competitive advantages have the advantage that the products they sell do not change, and therefore will never become obsolete. Buffett likes this advantage.

When identifying manufacturers with durable competitive advantage, look for inventory and net earnings that rise correspondingly. This indicates that the company is finding profitable ways to increase sales which called for an increase in inventory.

Manufacturers with inventories that spike up and down are indicative of competitive industries subject to boom and bust.

Odfjell Drilling Total Inventories Related Terms

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Odfjell Drilling (OSTO:ODLO) Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Odfjell Drilling Ltd (OSTO:ODLO) » Definitions » Total Inventories

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Traded in Other Exchanges

ODFJF:USA ODL:Norway 0QHX:UK OD3:Germany

Address

Crawpeel Road, Bergen House, Altens, Aberdeen, GBR, AB12 3LG

Website

https://www.odfjelldrilling.com

Odfjell Drilling Ltd is an integrated offshore drilling and oil service company. The company and its subsidiaries operates mobile offshore drilling units. It operates in the segments Own Fleet, External Fleet and Corporate / other. The Own Fleet segment operates mobile offshore drilling units owned by Odfjell Drilling. The External Fleet segment offers management services to other owners of drilling units; mainly operational management, management of regulatory requirements, marketing, contract negotiations and client relations, preparations for operation and mobilisation. Majority of revenue is generated from Own Fleet segment. Geographically, It operates in Norway.

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