Days Inventory is also known as Days Sales of Inventory (DSI). Nabors Industries's Average Total Inventories for the
three
months ended in Dec. 2023 was $147 Mil. Nabors Industries's Cost of Goods Sold for the
three
months ended in Dec. 2023 was $586 Mil.
Hence, Nabors Industries's Days Inventory for the
three
months ended in Dec. 2023 was 22.89.
The historical rank and industry rank for Nabors Industries's Days Inventory or its related term are showing as below:
NBR'
s Days Inventory Range Over the Past 10 Years
Min: 14.21 Med: 21.08 Max: 28.12
Current: 21.53
During the past 13 years, Nabors Industries's highest Days Inventory was 28.12. The lowest was 14.21. And the median was 21.08.
NBR's Days Inventory is ranked better than 61.45% of 729
companies
in the Oil & Gas industry
Industry Median: 31.48
vs NBR: 21.53
Nabors Industries's Days Inventory
increased
from Dec. 2022 (18.73) to Dec. 2023 (22.89).
It might indicate that Nabors Industries's sales slowed down.
Inventory Turnover measures how fast the company turns over its inventory within a year.
Nabors Industries's Inventory Turnover for the
three
months ended in Dec. 2023 was 3.99.
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.
Nabors Industries's Inventory-to-Revenue for the
three
months ended in Dec. 2023 was 0.20.
Nabors Industries Days Inventory Historical Data
The historical data trend for Nabors Industries'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.
For the Oil & Gas Drilling subindustry, Nabors Industries'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.
Nabors Industries Days Inventory Distribution
For the Oil & Gas industry and Energy sector, Nabors Industries's Days Inventory distribution charts can be found below:
* The bar in red indicates where Nabors Industries's Days Inventory falls into.
Nabors Industries Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Nabors Industries'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.
Nabors Industries (NYSE:NBR) 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.
Nabors Industries'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.
Nabors Industries'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.
Nabors Industries Days Inventory Related Terms
Thank you for viewing the detailed overview of Nabors Industries's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Nabors Industries (Nabors Industries) Business Description
Nabors Industries Ltd owns and operates one of the world's largest land-based drilling rig fleets and is a provider of offshore platform rigs in the United States and international markets. It also provides performance tools, directional drilling services, tubular running services, and innovative technologies. It has operations in over 15 countries, 300 actively marketed rigs for land-based drilling operations and 29 actively marketed rigs for offshore platform drilling operations in the United States and multiple international markets. The company has five reportable segments: U.S. Drilling, Canada Drilling, International Drilling, Drilling Solutions, and Rig Technologies. The key revenue of the company is generated from International Drilling.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
NBR has been successfully added to your 