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Weatherford International PLC (NYSE:WFT)
Days Inventory
152.53 (As of Sep. 2016)

Weatherford International PLC's average inventory for the six months ended in Sep. 2016 was $2,056 Mil. Weatherford International PLC's cost of goods sold for the six months ended in Sep. 2016 was $1,230 Mil. Hence, Weatherford International PLC's days inventory for the six months ended in Sep. 2016 was 305.06.

WFT' s Days Inventory Range Over the Past 10 Years
Min: 92.24   Max: 143.18
Current: 143.18

92.24
143.18

During the past 13 years, Weatherford International PLC's highest Days Inventory was 143.18. The lowest was 92.24. And the median was 106.62.

WFT's Days Inventory is ranked lower than
78% of the 200 Companies
in the Global Oil & Gas Equipment & Services industry.

( Industry Median: 54.02 vs. WFT: 143.18 )

Weatherford International PLC's days inventory increased from Mar. 2016 (143.81) to Sep. 2016 (152.53). It might indicate that Weatherford International PLC's sales slowed down.

Inventory can be measured by Days Sales of Inventory (DSI). Weatherford International PLC's days sales of inventory (DSI) for the six months ended in Sep. 2016 was 276.71.

Inventory turnover measures how fast the company turns over its inventory within a year. Weatherford International PLC's inventory turnover for the six months ended in Sep. 2016 was 0.60.

Inventory to revenue ratio 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. Weatherford International PLC's inventory to revenue ratio for the six months ended in Sep. 2016 was 1.52.


Definition

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

Weatherford International PLC's Days Inventory for the fiscal year that ended in Dec. 2015 is calculated as

Days Inventory (A: Dec. 2015 )
=Average Inventory / COGS*Days in Period
=( (Inventory (A: Dec. 2014 ) + Inventory (A: Dec. 2015 )) / 2 ) / COGS (A: Dec. 2015 )*Days in Period
=( (3087 + 2344) / 2 ) / 8021*365
=2715.5 / 8021*365
=123.57

Weatherford International PLC's Days Inventory for the quarter that ended in Sep. 2016 is calculated as:

Days Inventory (Q: Sep. 2016 )
=Average Inventory / COGS*Days in Period
=( (Inventory (Q: Jun. 2016 ) + Inventory (Q: Sep. 2016 )) / 2 ) / COGS (Q: Sep. 2016 )*Days in Period
=( (2195 + 1917) / 2 ) / 1230*365 / 2
=2056 / 1230*365 / 2
=305.06

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.


Explanation

An increase of Days Inventory may indicate the company's sales slowed.

1. Inventory can be measured by Days Sales of Inventory (DSI).

Weatherford International PLC's Days Sales of Inventory for the six months ended in Sep. 2016 is calculated as

Days Sales of Inventory (DSI)=Average Inventory/Revenue*Days in Period
=2056/1356*365 / 2
=276.71

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

Weatherford International PLC's Inventory Turnover for the six months ended in Sep. 2016 is calculated as

3. 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.

Weatherford International PLC's Inventory to Revenue for the six months ended in Sep. 2016 is calculated as

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's 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.


Related Terms

Cost of Goods Sold, Inventory, Revenue, Inventory Turnover, Inventory to Revenue


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

Weatherford International PLC Annual Data

Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15
DaysInventory 92.24102.72108.05122.20116.13108.39105.19101.99100.11123.57

Weatherford International PLC Semi-Annual Data

Jun14Sep14Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16
DaysInventory 109.15105.67100.48127.20135.18138.85120.57143.81165.73152.53
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