Noble (NE) Inventory Turnover : 0.00 (As of . 20)

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What is Noble Inventory Turnover?

Inventory Turnover measures how fast the company turns over its inventory within a year. It is calculated as Cost of Goods Sold divided by Total Inventories. Noble's Cost of Goods Sold for the three months ended in . 20 was $0.0 Mil. Noble's Average Total Inventories for the quarter that ended in . 20 was $0.0 Mil.

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

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.

Noble Inventory Turnover Historical Data

The historical data trend for Noble's Inventory Turnover 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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Noble Inventory Turnover Chart

Noble Annual Data

Trend

Inventory Turnover

Noble Quarterly Data

Inventory Turnover

Noble Inventory Turnover Calculation

Noble's Inventory Turnover for the fiscal year that ended in . 20 is calculated as

	Inventory Turnover (A: . 20 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: . 20 )	/ (	(Total Inventories (A: . 20 )	+	Total Inventories (A: . 20 ))	/	count )
=		/ (	(	+	)	/	1 )
=		/	0
=	N/A

Noble's Inventory Turnover for the quarter that ended in . 20 is calculated as

	Inventory Turnover (Q: . 20 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: . 20 )	/ (	(Total Inventories (Q: . 20 )	+	Total Inventories (Q: . 20 ))	/	count )
=		/ (	(	+	)	/	1 )
=		/	0
=	N/A

Noble (NYSE:NE) Inventory Turnover Explanation

Inventory Turnover measures how fast the company turns over its inventory within a year. A higher Inventory Turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.

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

Noble's Days Inventory for the three months ended in . 20 is calculated as:

Days Inventory	=	Average Total Inventories (Q: . 20 )	/	Cost of Goods Sold (Q: . 20 )	*	Days in Period
	=	0	/		*	365 / 4
	=

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.

Noble's Inventory to Revenue for the quarter that ended in . 20 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: . 20 )	/	Revenue (Q: . 20 )
	=	0	/
	=

Be Aware

Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate Inventory Turnover. An average inventory is a better indication.

Noble Inventory Turnover Related Terms

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Noble (NE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Noble Corp (NYSE:NE) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

13135 Dairy Ashford,, Suite 800, Sugar Land, TX, USA, 77478

Website

https://www.noblecorp.com

Noble Corp is an offshore drilling contractor for the oil and gas industry. Noble performs, through its subsidiaries, contract drilling services with a fleet of 19 mobile offshore drilling units, consisting of 11 floaters and eight jackups focused largely on ultra-deepwater and high-specification jackup drilling opportunities. It operates in a single reportable segment, Contract Drilling Services.

Executives

Pacific Investment Management Co Llc	10 percent owner	650 NEWPORT CENTER DRIVE, NEWPORT BEACH CA 92660
Laura D. Campbell	officer: VP, CAO & Controller	13135 S. DAIRY ASHFORD, STE. 800, SUGAR LAND TX 77478
Richard B. Barker	officer: Sr. VP & CFO	13135 S. DAIRY ASHFORD, STE. 800, SUGAR LAND TX 77478
Paul Aronzon	director	13135 DAIRY ASHFORD, SUITE 800, SUGAR LAND TX 77478
Charles M Sledge	director	1611 SCENIC MOUNTAIN COURT, KINGWOOD TX 77345
Blake Denton	officer: VP, Marketing & Contracts	13135 S. DAIRY ASHFORD, STE. 800, SUGAR LAND TX 77478
Melanie Montague Trent	director	2800 POST OAK BLVD., SUITE 5450, HOUSTON TX 7056
Robert W. Eifler	director, officer: President & CEO	13135 S. DAIRY ASHFORD, STE. 800, SUGAR LAND TX 77478
William E Turcotte	officer: Sr. VP, Gen Counsel & Corp Sec	1700 WEST LOOP SOUTH, SUITE 1500, HOUSTON TX 77027
Joey M Kawaja	officer: VP, Operations	13135 S. DAIRY ASHFORD, STE. 800, SUGAR LAND TX 77478
Ann Darlene Pickard	director	601 JEFFERSON STREET, HOUSTON TX 77002
Bartels Patrick J Jr	director	C/O WCI COMMUNITIES, INC., 24301 WALDEN CENTER DRIVE, BONITA SPRINGS FL 34134
Al J. Hirshberg	director	SHIPPING & RECEIVING CENTER, 16930 PARK ROW DR., HOUSTON TX 77084
Kevin S Corbett	director	13135 S. DAIRY ASHFORD, STE. 800, SUGAR LAND TX 77478
Stephen M Butz	officer: Executive VP & CFO	C/O HERCULES OFFSHORE, INC., 9 GREENWAY PLAZA, SUITE 2200, HOUSTON TX 77046