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Golar LNG (Golar LNG) Days Inventory : 0.00 (As of Dec. 2023)


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What is Golar LNG Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Golar LNG's Average Total Inventories for the three months ended in Dec. 2023 was $0.0 Mil. Golar LNG's Cost of Goods Sold for the three months ended in Dec. 2023 was $37.1 Mil. Hence, Golar LNG's Days Inventory for the three months ended in Dec. 2023 was 0.00.

The historical rank and industry rank for Golar LNG's Days Inventory or its related term are showing as below:

GLNG' s Days Inventory Range Over the Past 10 Years
Min: 1.76   Med: 7.19   Max: 29.19
Current: 1.83

During the past 13 years, Golar LNG's highest Days Inventory was 29.19. The lowest was 1.76. And the median was 7.19.

GLNG's Days Inventory is ranked better than
95.62% of 730 companies
in the Oil & Gas industry
Industry Median: 31.41 vs GLNG: 1.83

Golar LNG's Days Inventory declined from Dec. 2022 (2.08) to Dec. 2023 (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. Golar LNG's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.00.


Golar LNG Days Inventory Historical Data

The historical data trend for Golar LNG'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.

* Premium members only.

Golar LNG Days Inventory Chart

Golar LNG Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Days Inventory
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.50 4.39 3.14 1.77 1.76

Golar LNG Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Days Inventory Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.08 2.01 - - -

Competitive Comparison of Golar LNG's Days Inventory

For the Oil & Gas Midstream subindustry, Golar LNG'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.


Golar LNG's Days Inventory Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Golar LNG's Days Inventory distribution charts can be found below:

* The bar in red indicates where Golar LNG's Days Inventory falls into.



Golar LNG Days Inventory Calculation

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

Golar LNG's Days Inventory for the fiscal year that ended in Dec. 2023 is calculated as

Days Inventory (A: Dec. 2023 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (A: Dec. 2022 ) + Total Inventories (A: Dec. 2023 )) / count ) / Cost of Goods Sold (A: Dec. 2023 )*Days in Period
=( (0.692 + 0) / 1 ) / 143.626*365
=0.692 / 143.626*365
=1.76

Golar LNG's Days Inventory for the quarter that ended in Dec. 2023 is calculated as:

Days Inventory (Q: Dec. 2023 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (Q: Sep. 2023 ) + Total Inventories (Q: Dec. 2023 )) / count ) / Cost of Goods Sold (Q: Dec. 2023 )*Days in Period
=( (0 + 0) / 1 ) / 37.107*365 / 4
=0 / 37.107*365 / 4
=0.00

* 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.


Golar LNG  (NAS:GLNG) 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.

Golar LNG'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.

Golar LNG'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.


Golar LNG Days Inventory Related Terms

Thank you for viewing the detailed overview of Golar LNG's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.


Golar LNG (Golar LNG) Business Description

Traded in Other Exchanges
Address
9 Par-la-Ville Road, 2nd Floor, S.E. Pearman Building, Hamilton, BMU, HM 11
Golar LNG Ltd is a midstream LNG company operates in the transportation, regasification, liquefaction, and trading of LNG. The segment in which the group operates includes Shipping, FLNG (Floating Liquefaction Natural Gas vessels), Power, and Corporate and other. It generates maximum revenue from the FLNG segment.

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