Days Inventory is also known as Days Sales of Inventory (DSI). Dril-Quip's Average Total Inventories for the
three
months ended in Dec. 2023 was $188.9 Mil. Dril-Quip's Cost of Goods Sold for the
three
months ended in Dec. 2023 was $91.7 Mil.
Hence, Dril-Quip's Days Inventory for the
three
months ended in Dec. 2023 was 188.02.
The historical rank and industry rank for Dril-Quip's Days Inventory or its related term are showing as below:
DRQ'
s Days Inventory Range Over the Past 10 Years
Min: 199.04 Med: 276.5 Max: 388.93
Current: 199.04
During the past 13 years, Dril-Quip's highest Days Inventory was 388.93. The lowest was 199.04. And the median was 276.50.
DRQ's Days Inventory is ranked worse than 92.05% of 730
companies
in the Oil & Gas industry
Industry Median: 31.41
vs DRQ: 199.04
Dril-Quip's Days Inventory
declined
from Dec. 2022 (196.39) to Dec. 2023 (188.02).
Inventory Turnover measures how fast the company turns over its inventory within a year.
Dril-Quip's Inventory Turnover for the
three
months ended in Dec. 2023 was 0.49.
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.
Dril-Quip's Inventory-to-Revenue for the
three
months ended in Dec. 2023 was 1.50.
Dril-Quip Days Inventory Historical Data
The historical data trend for Dril-Quip's Days Inventory 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.
Competitive Comparison of Dril-Quip's Days Inventory
For the Oil & Gas Equipment & Services subindustry, Dril-Quip's Days Inventory, along with its competitors' market caps and Days Inventory 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.
Dril-Quip's Days Inventory Distribution in the Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Dril-Quip's Days Inventory distribution charts can be found below:
* The bar in red indicates where Dril-Quip's Days Inventory falls into.
Dril-Quip Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Dril-Quip's Days Inventory for the fiscal year that ended in Dec. 2023 is calculated as
* 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.
Dril-Quip (NYSE:DRQ) Days Inventory Explanation
Days Inventory indicates the liquidity of the inventory. Generally, a lower Days Inventory is preferred as it indicates a shorter duration to clear off the inventory. An increase of the ratio may indicate the company's sales slowed. Similar ratios related to Days Inventory are:
1. Inventory Turnover measures how fast the company turns over its inventory within a year.
Dril-Quip's Inventory Turnover for the
three
months ended in Dec. 2023 is calculated as
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.
Dril-Quip's Inventory to Revenue for the
three
months ended in Dec. 2023 is calculated as
* 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.
Be Aware
A lot of business are seasonable. It makes more sense to compare Days Inventory from the same period in the previous year instead of from the previous quarter.
Dril-Quip Days Inventory Related Terms
Thank you for viewing the detailed overview of Dril-Quip's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Dril-Quip Inc. designs, manufactures, sells and services engineered drilling and production equipment for both offshore and onshore applications. The Company's revenues are generated from three sources, Product revenues are derived from the sale of drilling and production equipment. Service revenues are earned when the Company provides technical advisory assistance and rework and reconditioning services. Leasing revenues are derived from rental tools used during the installation and retrieval of the Company's products. The Company's operations are organized into three geographic segments, Western Hemisphere (including North and South America), Eastern Hemisphere (including Europe and Africa) and Asia-Pacific (including the Pacific Rim, Southeast Asia, Australia, India and the Middle East).
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
DRQ has been successfully added to your 