Days Inventory is also known as Days Sales of Inventory (DSI). Aker BP ASA's Average Total Inventories for the
three
months ended in Mar. 2024 was kr2,298 Mil. Aker BP ASA's Cost of Goods Sold for the
three
months ended in Mar. 2024 was kr9,255 Mil.
Hence, Aker BP ASA's Days Inventory for the
three
months ended in Mar. 2024 was 22.66.
The historical rank and industry rank for Aker BP ASA's Days Inventory or its related term are showing as below:
OSL:AKRBP'
s Days Inventory Range Over the Past 10 Years
Min: 13.71 Med: 18.49 Max: 20.96
Current: 19.6
During the past 13 years, Aker BP ASA's highest Days Inventory was 20.96. The lowest was 13.71. And the median was 18.49.
OSL:AKRBP's Days Inventory is ranked better than 63.52% of 732
companies
in the Oil & Gas industry
Industry Median: 31.94
vs OSL:AKRBP: 19.60
Aker BP ASA's Days Inventory
increased
from Mar. 2023 (18.52) to Mar. 2024 (22.66).
It might indicate that Aker BP ASA's sales slowed down.
Inventory Turnover measures how fast the company turns over its inventory within a year.
Aker BP ASA's Inventory Turnover for the
three
months ended in Mar. 2024 was 4.03.
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.
Aker BP ASA's Inventory-to-Revenue for the
three
months ended in Mar. 2024 was 0.07.
Aker BP ASA Days Inventory Historical Data
The historical data trend for Aker BP ASA'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.
Competitive Comparison of Aker BP ASA's Days Inventory
For the Oil & Gas E&P subindustry, Aker BP ASA'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.
Aker BP ASA's Days Inventory Distribution in the Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Aker BP ASA's Days Inventory distribution charts can be found below:
* The bar in red indicates where Aker BP ASA's Days Inventory falls into.
Aker BP ASA Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Aker BP ASA's Days Inventory for the fiscal year that 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.
Aker BP ASA (OSL:AKRBP) 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.
Aker BP ASA's Inventory Turnover for the
three
months ended in Mar. 2024 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.
Aker BP ASA's Inventory to Revenue for the
three
months ended in Mar. 2024 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.
Aker BP ASA Days Inventory Related Terms
Thank you for viewing the detailed overview of Aker BP ASA's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Aker BP ASA operates oil and gas production, development, and exploration projects on the Norwegian Continental Shelf (NCS). Its projects include Alvheim field, Ivar Aasen, Skarv, and Valhall. Revenue is derived from a short list of clients and primarily consists of liquid sales. The Alvheim field, which developed with an FPSO, contributes the most volume for the company. Fields in close proximity to Alvheim are tied to Alvheim's FPSO. From the tiebacks, oil is transported from the field with shuttle tankers, and associated gas is exported to Scotland through a gas evacuation system.
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