Archer (OSL:ARCH) Days Inventory : 496.48 (As of Dec. 2023)

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What is Archer Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Archer's Average Total Inventories for the three months ended in Dec. 2023 was kr781 Mil. Archer's Cost of Goods Sold for the three months ended in Dec. 2023 was kr143 Mil. Hence, Archer's Days Inventory for the three months ended in Dec. 2023 was 496.48.

The historical rank and industry rank for Archer's Days Inventory or its related term are showing as below:

OSL:ARCH' s Days Inventory Range Over the Past 10 Years
Min: 348.42 Med: 374.84 Max: 481.67
Current: 481.67

During the past 13 years, Archer's highest Days Inventory was 481.67. The lowest was 348.42. And the median was 374.84.

OSL:ARCH's Days Inventory is ranked worse than
98.49% of 730 companies
in the Oil & Gas industry
Industry Median: 31.555 vs OSL:ARCH: 481.67

Archer's Days Inventory increased from Dec. 2022 (415.45) to Dec. 2023 (496.48). It might indicate that Archer's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Archer's Inventory Turnover for the three months ended in Dec. 2023 was 0.18.

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. Archer's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.24.

Archer Days Inventory Historical Data

The historical data trend for Archer'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.

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Archer Days Inventory Chart

Archer Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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371.56

414.92

354.98

378.12

464.30

Archer Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Inventory	Get a 7-Day Free Trial															415.45	481.10	494.90	475.71	496.48

Competitive Comparison of Archer's Days Inventory

For the Oil & Gas Drilling subindustry, Archer'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.

Archer's Days Inventory Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Archer's Days Inventory distribution charts can be found below:

* The bar in red indicates where Archer's Days Inventory falls into.

Archer Days Inventory Calculation

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

Archer's Days Inventory for the fiscal year that ended in Dec. 2023 is calculated as

	Days Inventory (A: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (545.382	+	791.205)	/	2 )	/	525.36	*	365
=	668.2935					/	525.36	*	365
=	464.30

Archer's Days Inventory for the quarter that ended in Dec. 2023 is calculated as:

	Days Inventory (Q: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (770.033	+	791.205)	/	2 )	/	143.472	*	365 / 4
=	780.619					/	143.472	*	365 / 4
=	496.48

Archer (OSL:ARCH) 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.

Archer's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	143.472	/	780.619
	=	0.18

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.

Archer's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	780.619	/	3218.622
	=	0.24

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.

Archer Days Inventory Related Terms

Thank you for viewing the detailed overview of Archer's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.

Archer (OSL:ARCH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Archer Ltd (OSL:ARCH) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

ARHVF:USA ARCHERo:Sweden

Address

Sandnesveien 358, Sandnes, NOR, 4312

Website

https://www.archerwell.com

Archer Ltd is an international oilfield service company providing various oilfield products and services through its area organizations. Its services include platform drilling, land drilling, directional drilling, underbalanced drilling, modular rigs, engineering services, equipment rentals, wireline services, pressure control, pressure pumping, production monitoring, well imaging and integrity management tools. The reporting segments of the company are Platform Operations, Well Services and Land Drilling. Majority of revenue is derived from Platform Operations segment. Platform Operations segment includes Platform Drilling, Modular rig, and Engineering services.