TGS ASA (OSL:TGS) Inventory-to-Revenue : 0.06 (As of Dec. 2023)

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What is TGS ASA Inventory-to-Revenue?

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. TGS ASA's Average Total Inventories for the quarter that ended in Dec. 2023 was kr117 Mil. TGS ASA's Revenue for the three months ended in Dec. 2023 was kr1,998 Mil. TGS ASA's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.06.

TGS ASA's Inventory-to-Revenue for the quarter that ended in Dec. 2023 increased from Sep. 2023 (0.04) to Sep. 2023 (0.06)

An increase in Inventory-to-Revenue from one quarter to the next indicates that one of the following is happening:

1. investment in inventory is growing more rapidly than revenue
2. revenue are dropping
No matter which situation is causing the problem, an increase in the Inventory-to-Revenue may signal an oncoming cash flow problem.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. TGS ASA's Days Inventory for the three months ended in Dec. 2023 was 7.64.

Inventory Turnover measures how fast the company turns over its inventory within a year. TGS ASA's Inventory Turnover for the quarter that ended in Dec. 2023 was 11.95.

TGS ASA Inventory-to-Revenue Historical Data

The historical data trend for TGS ASA's Inventory-to-Revenue 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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TGS ASA Inventory-to-Revenue Chart

TGS ASA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory-to-Revenue

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0.01

TGS ASA Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Inventory-to-Revenue	Get a 7-Day Free Trial															0.03	0.04	0.04	0.04	0.06

Competitive Comparison of TGS ASA's Inventory-to-Revenue

For the Oil & Gas Equipment & Services subindustry, TGS ASA's Inventory-to-Revenue, along with its competitors' market caps and Inventory-to-Revenue data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

TGS ASA's Inventory-to-Revenue Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, TGS ASA's Inventory-to-Revenue distribution charts can be found below:

* The bar in red indicates where TGS ASA's Inventory-to-Revenue falls into.

TGS ASA Inventory-to-Revenue Calculation

TGS ASA's Inventory-to-Revenue for the fiscal year that ended in Dec. 2023 is calculated as

	Inventory-to-Revenue (A: Dec. 2023 )
=	Average Total Inventories					/	Revenue
=	( (Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )	/	Revenue (A: Dec. 2023 )
=	( (64.962	+	132.553)	/	2 )	/	8379.357
=	98.7575					/	8379.357
=	0.01

TGS ASA's Inventory-to-Revenue for the quarter that ended in Dec. 2023 is calculated as

	Inventory-to-Revenue (Q: Dec. 2023 )
=	Average Total Inventories					/	Revenue
=	( (Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Revenue (Q: Dec. 2023 )
=	( (102.389	+	132.553)	/	2 )	/	1997.708
=	117.471					/	1997.708
=	0.06

TGS ASA (OSL:TGS) Inventory-to-Revenue Explanation

An increase in Inventory-to-Revenue from one quarter to the next indicates that one of the following is happening:

Likewise, a decrease in the Inventory-to-Revenue from one quarter to next indicates that one of these is occurring:

1. investment in inventory is shrinking in relation to revenue
2. revenue are increasing
No matter which situation is causing the reduction in the Inventory-to-Revenue, either one suggests that business's inventory levels and its cash flow are effectively managed.

More Related Terms:

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

TGS ASA's Days Inventory for the three 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
	=	117.471	/	1403.492	*	365 / 4
	=	7.64

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

TGS ASA's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Dec. 2023 )	/	Average Total Inventories (Q: Dec. 2023 )
	=	1403.492	/	117.471
	=	11.95

TGS ASA Inventory-to-Revenue Related Terms

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TGS ASA (OSL:TGS) Business Description

Industry

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TGSGY:USA TGSo:Sweden 0MSJ:UK TGC:Germany

Address

Askekroken 11, Oslo, NOR, 0277

Website

https://www.tgs.com

TGS ASA provides geoscientific data products and services to the oil and gas industry to assist with licensing rounds and the preparation of regional data programs. It invests in multiclient data projects in frontier, emerging, and mature markets worldwide to develop a library of seismic imaging, well data, and interpretive products and services. Reportable segments are Western Hemisphere, Eastern Hemisphere, Digital Energy Solutions, Data Acquisition and Others. The company offers interpretation studies and services that integrate seismic, well logs, biostratigraphic data, core data and other geoscientific data to create basin-wide regional frameworks. TGS' geoscientists also contract consulting work in geology, geophysics, and petrophysics. Majority revenue comes from Latin America.