Transocean (Transocean) Inventory Turnover : 0.44 (As of Dec. 2023)

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What is Transocean 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. Transocean's Cost of Goods Sold for the three months ended in Dec. 2023 was $184 Mil. Transocean's Average Total Inventories for the quarter that ended in Dec. 2023 was $418 Mil. Transocean's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.44.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Transocean's Days Inventory for the three months ended in Dec. 2023 was 207.30.

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. Transocean's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.56.

Transocean Inventory Turnover Historical Data

The historical data trend for Transocean'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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Transocean Inventory Turnover Chart

Transocean Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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1.79

1.71

1.80

1.88

1.83

Transocean Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															0.47	0.47	0.47	0.48	0.44

Transocean Inventory Turnover Calculation

Transocean's Inventory Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Inventory Turnover (A: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2023 )	/ (	(Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )
=	744	/ (	(388	+	426)	/	2 )
=	744	/	407
=	1.83

Transocean's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

	Inventory Turnover (Q: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2023 )	/ (	(Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	184	/ (	(410	+	426)	/	2 )
=	184	/	418
=	0.44

Transocean (NYSE:RIG) 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.

Transocean's Days Inventory for the three months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	418	/	184	*	365 / 4
	=	207.30

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.

Transocean's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	418	/	741
	=	0.56

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.

Transocean Inventory Turnover Related Terms

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Transocean (Transocean) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Transocean Ltd (NYSE:RIG) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

RIG:Mexico RIGG34:Brazil

Address

Turmstrasse 30, Steinhausen, CHE, 6312

Website

https://www.deepwater.com

Transocean Ltd. is a international provider of offshore contract drilling services for oil and gas wells. Its segment involves contracting mobile offshore drilling rigs, related equipment and work crews to drill oil and gas wells.

Executives

David A Tonnel	officer: SVP and Corporate Controller	4 GREENWAY PLAZA, HOUSTON TX 77046
Mark-anthony Lovell Mey	officer: EVP & CFO	15835 PARK TEN PLACE DRIVE, HOUSTON TX 77084
Dell'osso Domenic J Jr	director	6100 N. WESTERN AVE., OKLAHOMA CITY OK 73118
Chad C Deaton	director	12001 N HOUSTON ROSSLYN, HOUSTON TX 77086
Keelan Adamson	officer: President & COO	4 GREENWAY PLAZA, HOUSTON TX 77046
Chang Vanessa C L	director	P O BOX 800, 2244 WALNUT GROVE, ROSEMEAD CA 91770
Frederik Wilhelm Mohn	director	TRANSOCEAN LTD, TURMSTRASSE 30, STEINHAUSEN V8 6312
Erestroika	director	TRANSOCEAN LTD, TURMSTRASSE 30, STEINHAUSEN V8 6312
Jeremy D Thigpen	director, officer: CEO
Howard E Davis	officer: EVP, CAO & CIO	4 GREENWAY PLAZA, HOUSTON TX 77046
Brady K Long	officer: EVP & General Counsel	5847 SAN FELIPE, SUITE 3300, HOUSTON TX 77057
De Saint Victor Diane	director	TURMSTRASSE 30, STEINHAUSEN V8 6312
Margareth Oevrum	director	FMC CORPORATION, 2929 WALNUT STREET, PHILADELPHIA PA 19104
Edward R Muller	director	C/O AEROVIRONMENT, INC., 900 INNOVATORS WAY, SIMI VALLEY CA 93065
Vincent J Intrieri	director	C/O ICAHN ENTERPRISES L.P., 16690 COLLINS AVE., PH, SUNNY ISLES FL 33160