Days Inventory is also known as Days Sales of Inventory (DSI). PGS ASA's Average Total Inventories for the
three
months ended in Dec. 2023 was $31.1 Mil. PGS ASA's Cost of Goods Sold for the
three
months ended in Dec. 2023 was $168.3 Mil.
Hence, PGS ASA's Days Inventory for the
three
months ended in Dec. 2023 was 16.86.
The historical rank and industry rank for PGS ASA's Days Inventory or its related term are showing as below:
PGSVY'
s Days Inventory Range Over the Past 10 Years
Min: 12.38 Med: 16.02 Max: 18.78
Current: 18.63
During the past 13 years, PGS ASA's highest Days Inventory was 18.78. The lowest was 12.38. And the median was 16.02.
PGSVY's Days Inventory is ranked better than 64.33% of 729
companies
in the Oil & Gas industry
Industry Median: 31.5
vs PGSVY: 18.63
PGS ASA's Days Inventory
increased
from Dec. 2022 (15.73) to Dec. 2023 (16.86).
It might indicate that PGS ASA's sales slowed down.
Inventory Turnover measures how fast the company turns over its inventory within a year.
PGS ASA's Inventory Turnover for the
three
months ended in Dec. 2023 was 5.41.
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.
PGS ASA's Inventory-to-Revenue for the
three
months ended in Dec. 2023 was 0.12.
PGS ASA Days Inventory Historical Data
The historical data trend for PGS 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 PGS ASA's Days Inventory
For the Oil & Gas Equipment & Services subindustry, PGS 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.
PGS ASA's Days Inventory Distribution in the Oil & Gas Industry
For the Oil & Gas industry and Energy sector, PGS ASA's Days Inventory distribution charts can be found below:
* The bar in red indicates where PGS ASA's Days Inventory falls into.
PGS ASA Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
PGS 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.
PGS ASA (OTCPK:PGSVY) 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.
PGS ASA's Inventory Turnover for the
three
months ended in Dec. 2023 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.
PGS ASA's Inventory to Revenue for the
three
months 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.
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.
PGS ASA Days Inventory Related Terms
Thank you for viewing the detailed overview of PGS ASA's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
PGS ASA provides images and 3D models of the subsurface beneath the ocean floor. Oil-market participants use PGS services to find oil and gas reserves. The company's complete line of products includes seismic, electromagnetic, and reservoir services, including acquisition, imaging, interpretation, and field evaluation. The majority of revenue is derived from the multiclient segment where it initiates and manages seismic surveys, which PGS acquires, processes, markets, and sells to multiple customers on a nonexclusive basis. Products and services are offered in offshore markets around the world. Geographically, the majority is derived from Norway.
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