SBM Offshore NV (SBM Offshore NV) Days Inventory : 12.23 (As of Dec. 2023)

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What is SBM Offshore NV Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). SBM Offshore NV's Average Total Inventories for the six months ended in Dec. 2023 was $119 Mil. SBM Offshore NV's Cost of Goods Sold for the six months ended in Dec. 2023 was $1,769 Mil. Hence, SBM Offshore NV's Days Inventory for the six months ended in Dec. 2023 was 12.23.

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

SBFFF' s Days Inventory Range Over the Past 10 Years
Min: 9 Med: 212.43 Max: 722.24
Current: 9.05

During the past 13 years, SBM Offshore NV's highest Days Inventory was 722.24. The lowest was 9.00. And the median was 212.43.

SBFFF's Days Inventory is ranked better than
81.23% of 730 companies
in the Oil & Gas industry
Industry Median: 31.41 vs SBFFF: 9.05

SBM Offshore NV's Days Inventory increased from Dec. 2022 (1.92) to Dec. 2023 (12.23). It might indicate that SBM Offshore NV's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. SBM Offshore NV's Inventory Turnover for the six months ended in Dec. 2023 was 14.93.

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. SBM Offshore NV's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.05.

SBM Offshore NV Days Inventory Historical Data

The historical data trend for SBM Offshore NV'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.

* Premium members only.

SBM Offshore NV Days Inventory Chart

SBM Offshore NV Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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131.99

235.98

422.60

204.46

8.97

SBM Offshore NV Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Inventory	Get a 7-Day Free Trial															390.98	213.24	1.92	5.92	12.23

Competitive Comparison of SBM Offshore NV's Days Inventory

For the Oil & Gas Equipment & Services subindustry, SBM Offshore NV'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.

SBM Offshore NV's Days Inventory Distribution in the Oil & Gas Industry

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

* The bar in red indicates where SBM Offshore NV's Days Inventory falls into.

SBM Offshore NV Days Inventory Calculation

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

SBM Offshore NV'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
=	( (26	+	148)	/	2 )	/	3542	*	365
=	87					/	3542	*	365
=	8.97

SBM Offshore NV'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: Jun. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (89	+	148)	/	2 )	/	1769	*	365 / 2
=	118.5					/	1769	*	365 / 2
=	12.23

SBM Offshore NV (OTCPK:SBFFF) 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.

SBM Offshore NV's Inventory Turnover for the six months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	1769	/	118.5
	=	14.93

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.

SBM Offshore NV's Inventory to Revenue for the six months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	118.5	/	2512
	=	0.05

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.

SBM Offshore NV Days Inventory Related Terms

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

SBM Offshore NV (SBM Offshore NV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » SBM Offshore NV (OTCPK:SBFFF) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

SBFFY:USA SBMO:Netherlands SBMOa:UK 0NIS:UK IHCB:Germany IHCB:Germany

Address

Evert van de Beekstraat 1-77, Schiphol, Amsterdam, NH, NLD, 1118 CL

Website

https://www.sbmoffshore.com

SBM Offshore NV provides floating production solutions to the offshore energy industry both in hydrocarbon and renewable markets. Its main activities are the design, supply, installation, operation, and life extension of Floating Production Storage and Offloading (FPSO) vessels. The company is also working on floating offshore wind, wave energy and research and development of products for future energy markets. It has dedicated product lines to provide specific floating equipment and products such as Turret Mooring Systems (TMS) and offshore (off)loading Terminals. The Company has two segments: Lease and Operate segment includes all earned day rates on operating lease and operate contracts, and The turnkey segment includes revenues from Turnkey supply contracts and after-sales services.