BW Offshore (OSL:BWO) Inventory Turnover : 24.43 (As of Dec. 2023)

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What is BW Offshore 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. BW Offshore's Cost of Goods Sold for the six months ended in Dec. 2023 was kr978 Mil. BW Offshore's Average Total Inventories for the quarter that ended in Dec. 2023 was kr40 Mil. BW Offshore's Inventory Turnover for the quarter that ended in Dec. 2023 was 24.43.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. BW Offshore's Days Inventory for the six months ended in Dec. 2023 was 7.47.

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. BW Offshore's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.01.

BW Offshore Inventory Turnover Historical Data

The historical data trend for BW Offshore'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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BW Offshore Inventory Turnover Chart

BW Offshore Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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5.76

5.72

9.13

13.89

37.53

BW Offshore Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															4.93	4.97	7.93	19.03	24.43

BW Offshore Inventory Turnover Calculation

BW Offshore'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 )
=	1974.847	/ (	(66.197	+	39.033)	/	2 )
=	1974.847	/	52.615
=	37.53

BW Offshore'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: Jun. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	977.929	/ (	(41.026	+	39.033)	/	2 )
=	977.929	/	40.0295
=	24.43

BW Offshore (OSL:BWO) 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.

BW Offshore's Days Inventory for the six 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
	=	40.0295	/	977.929	*	365 / 2
	=	7.47

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.

BW Offshore'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 )
	=	40.0295	/	3447.544
	=	0.01

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.

BW Offshore Inventory Turnover Related Terms

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BW Offshore (OSL:BWO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » BW Offshore Ltd (OSL:BWO) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

BWOo:Sweden BWOo:UK 0RKH:UK

Address

22 Church Street, 4th Floor, Suite 400, Washington Mall Phase 2, Hamilton, BMU, HM1189

Website

https://www.bwoffshore.com

BW Offshore Ltd is a holding company. It is engaged in developing, owning and operating oil and gas Floating Production, Storage and Offloading vessels (FPSO) and Floating, Storage and Offloading (FSO) vessels. The company's main activities are engineering, procurement, construction and installation, as well as lease and operation services for FPSOs. The operating segment of company FPSO and Floating wind.

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