Ocean Rig UDW (Ocean Rig UDW) Days Inventory : 9.05 (As of Sep. 2018)

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What is Ocean Rig UDW Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Ocean Rig UDW's Average Total Inventories for the three months ended in Sep. 2018 was $7.9 Mil. Ocean Rig UDW's Cost of Goods Sold for the three months ended in Sep. 2018 was $79.8 Mil. Hence, Ocean Rig UDW's Days Inventory for the three months ended in Sep. 2018 was 9.05.

The historical rank and industry rank for Ocean Rig UDW's Days Inventory or its related term are showing as below:

ORIG's Days Inventory is not ranked ^*
in the Oil & Gas industry.
Industry Median: 31.29
* Ranked among companies with meaningful Days Inventory only.

Ocean Rig UDW's Days Inventory declined from Sep. 2017 (10.18) to Sep. 2018 (9.05).

Inventory Turnover measures how fast the company turns over its inventory within a year. Ocean Rig UDW's Inventory Turnover for the three months ended in Sep. 2018 was 10.08.

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. Ocean Rig UDW's Inventory-to-Revenue for the three months ended in Sep. 2018 was 0.11.

Ocean Rig UDW Days Inventory Historical Data

The historical data trend for Ocean Rig UDW'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.

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Ocean Rig UDW Days Inventory Chart

Ocean Rig UDW Annual Data

Trend

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Days Inventory

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8.08

3.82

7.74

12.48

13.95

Ocean Rig UDW Quarterly Data
	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18
Days Inventory	Get a 7-Day Free Trial															10.18	-	9.50	11.04	9.05

Competitive Comparison of Ocean Rig UDW's Days Inventory

For the Oil & Gas Drilling subindustry, Ocean Rig UDW'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.

Ocean Rig UDW's Days Inventory Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Ocean Rig UDW's Days Inventory falls into.

Ocean Rig UDW Days Inventory Calculation

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

Ocean Rig UDW's Days Inventory for the fiscal year that ended in Dec. 2017 is calculated as

	Days Inventory (A: Dec. 2017 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2016 )	+	Total Inventories (A: Dec. 2017 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2017 )	*	Days in Period
=	( (12.988	+	9.573)	/	2 )	/	295.135	*	365
=	11.2805					/	295.135	*	365
=	13.95

Ocean Rig UDW's Days Inventory for the quarter that ended in Sep. 2018 is calculated as:

	Days Inventory (Q: Sep. 2018 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Jun. 2018 )	+	Total Inventories (Q: Sep. 2018 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2018 )	*	Days in Period
=	( (9.171	+	6.661)	/	2 )	/	79.807	*	365 / 4
=	7.916					/	79.807	*	365 / 4
=	9.05

Ocean Rig UDW (NAS:ORIG) 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.

Ocean Rig UDW's Inventory Turnover for the three months ended in Sep. 2018 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	79.807	/	7.916
	=	10.08

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.

Ocean Rig UDW's Inventory to Revenue for the three months ended in Sep. 2018 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	7.916	/	74.071
	=	0.11

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.

Ocean Rig UDW Days Inventory Related Terms

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

Ocean Rig UDW (Ocean Rig UDW) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Ocean Rig UDW Inc (NAS:ORIG) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

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Address

Website

http://www.ocean-rig.com

Ocean Rig UDW Inc is an international offshore drilling contractor. It provides oilfield services for offshore oil and gas exploration, development and production drilling and specializing in the ultra-deepwater and harsh-environment segment of the offshore drilling industry. The company employs drilling units primarily on a day rate basis for periods of between two months and six years to drill wells for its customers, typically major oil companies, integrated oil and gas companies, state-owned national oil companies and independent oil and gas companies.