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GuruFocus has detected 5 Warning Signs with Atwood Oceanics Inc $ATW.
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Atwood Oceanics Inc (NYSE:ATW)
Days Inventory
140.40 (As of Mar. 2017)

Atwood Oceanics Inc's average inventory for the three months ended in Mar. 2017 was $106.1 Mil. Atwood Oceanics Inc's cost of goods sold for the three months ended in Mar. 2017 was $69.0 Mil. Hence, Atwood Oceanics Inc's days inventory for the three months ended in Mar. 2017 was 140.40.

ATW' s Days Inventory Range Over the Past 10 Years
Min: 47.68   Max: 128.38
Current: 128.38

47.68
128.38

During the past 13 years, Atwood Oceanics Inc's highest Days Inventory was 128.38. The lowest was 47.68. And the median was 77.38.

ATW's Days Inventory is ranked lower than
87% of the 45 Companies
in the Global Oil & Gas Drilling industry.

( Industry Median: 36.47 vs. ATW: 128.38 )

Atwood Oceanics Inc's days inventory increased from Mar. 2016 (104.91) to Mar. 2017 (140.40). It might indicate that Atwood Oceanics Inc's sales slowed down.

Warning Sign:

If a company builds up inventory, it may mean it is having difficulties selling its goods.

Inventory can be measured by Days Sales of Inventory (DSI). Atwood Oceanics Inc's days sales of inventory (DSI) for the three months ended in Mar. 2017 was 57.73.

Inventory turnover measures how fast the company turns over its inventory within a year. Atwood Oceanics Inc's inventory turnover for the three months ended in Mar. 2017 was 0.65.

Inventory to revenue ratio 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. Atwood Oceanics Inc's inventory to revenue ratio for the three months ended in Mar. 2017 was 0.63.


Definition

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

Atwood Oceanics Inc's Days Inventory for the fiscal year that ended in Sep. 2016 is calculated as

Days Inventory (A: Sep. 2016 )
=Average Inventory / COGS*Days in Period
=( (Inventory (A: Sep. 2015 ) + Inventory (A: Sep. 2016 )) / 2 ) / COGS (A: Sep. 2016 )*Days in Period
=( (137.998 + 109.925) / 2 ) / 406.826*365
=123.9615 / 406.826*365
=111.22

Atwood Oceanics Inc's Days Inventory for the quarter that ended in Mar. 2017 is calculated as:

Days Inventory (Q: Mar. 2017 )
=Average Inventory / COGS*Days in Period
=( (Inventory (Q: Dec. 2016 ) + Inventory (Q: Mar. 2017 )) / 2 ) / COGS (Q: Mar. 2017 )*Days in Period
=( (110.462 + 101.721) / 2 ) / 68.951*365 / 4
=106.0915 / 68.951*365 / 4
=140.40

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.


Explanation

An increase of Days Inventory may indicate the company's sales slowed.

1. Inventory can be measured by Days Sales of Inventory (DSI).

Atwood Oceanics Inc's Days Sales of Inventory for the three months ended in Mar. 2017 is calculated as

Days Sales of Inventory (DSI)=Average Inventory/Revenue*Days in Period
=106.0915/167.706*365 / 4
=57.73

2. Inventory Turnover measures how fast the company turns over its inventory within a year.

Atwood Oceanics Inc's Inventory Turnover for the three months ended in Mar. 2017 is calculated as

3. 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.

Atwood Oceanics Inc's Inventory to Revenue for the three months ended in Mar. 2017 is calculated as

Inventory to Revenue=Average Inventory / Revenue
=106.0915 / 167.706
=0.63

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's 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.


Related Terms

Cost of Goods Sold, Inventory, Revenue, Inventory Turnover, Inventory to Revenue


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

Atwood Oceanics Inc Annual Data

Sep07Sep08Sep09Sep10Sep11Sep12Sep13Sep14Sep15Sep16
DaysInventory 47.6854.5072.4774.3890.6272.8380.3882.5088.24111.22

Atwood Oceanics Inc Quarterly Data

Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16Dec16Mar17
DaysInventory 79.5285.0886.7098.6083.97104.91118.39122.88139.13140.40
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