Atwood Oceanics (Atwood Oceanics) Total Inventories : $102.4 Mil (As of Jun. 2017)

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What is Atwood Oceanics Total Inventories?

Atwood Oceanics's total inventories for the quarter that ended in Jun. 2017 was $102.4 Mil. Atwood Oceanics's average total inventories from the quarter that ended in Mar. 2017 to the quarter that ended in Jun. 2017 was $102.1 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Atwood Oceanics's Net-Net Working Capital per share for the quarter that ended in Jun. 2017 was $-10.48.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Atwood Oceanics's Days Inventory for the three months ended in Jun. 2017 was 181.13.

Inventory Turnover measures how fast the company turns over its inventory within a year. Atwood Oceanics's Inventory Turnover for the quarter that ended in Jun. 2017 was 0.50.

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's Inventory-to-Revenue for the quarter that ended in Jun. 2017 was 0.87.

Atwood Oceanics Total Inventories Historical Data

The historical data trend for Atwood Oceanics's Total Inventories 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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Atwood Oceanics Total Inventories Chart

Atwood Oceanics Annual Data

Trend

Sep07

Sep08

Sep09

Sep10

Sep11

Sep12

Sep13

Sep14

Sep15

Sep16

Total Inventories

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80.29

121.83

132.37

138.00

109.93

Atwood Oceanics Quarterly Data
	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17
Total Inventories	Get a 7-Day Free Trial															113.16	109.93	110.46	101.72	102.44

Atwood Oceanics Total Inventories Calculation

Total Inventories includes the raw materials, work-in-process goods and completely finished goods of a company. It is a portion of a company's current assets.

Atwood Oceanics (NYSE:ATW) Total Inventories Explanation

Inventory control is an important part of business operation. If a company does not have enough inventory, it may not be able to meet customers' required delivery time. If it has too much inventory, the cost of holding the inventory can be high.

1. In Ben Graham's calculation of Net-Net Working Capital (NNWC), inventory is only considered worth half of its book value.

Atwood Oceanics's Net-Net Working Capital Per Share for the quarter that ended in Jun. 2017 is

	Net-Net Working Capital Per Share (Q: Jun. 2017 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(474.313	+	0.75 * 78.14	+	0.5 * 102.444	-	1428.372
-	0	-	0)	/	80.544
=	-10.48

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

Atwood Oceanics's Days Inventory for the three months ended in Jun. 2017 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2017 )	/	Cost of Goods Sold (Q: Jun. 2017 )	*	Days in Period
	=	102.0825	/	51.427	*	365 / 4
	=	181.13

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

Atwood Oceanics's Inventory Turnover for the quarter that ended in Jun. 2017 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Jun. 2017 )	/	Average Total Inventories (Q: Jun. 2017 )
	=	51.427	/	102.0825
	=	0.50

4. 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's Inventory to Revenue for the quarter that ended in Jun. 2017 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2017 )	/	Revenue (Q: Jun. 2017 )
	=	102.0825	/	117.234
	=	0.87

Be Aware

Manufacturers with durable competitive advantages have the advantage that the products they sell do not change, and therefore will never become obsolete. Buffett likes this advantage.

When identifying manufacturers with durable competitive advantage, look for inventory and net earnings that rise correspondingly. This indicates that the company is finding profitable ways to increase sales which called for an increase in inventory.

Manufacturers with inventories that spike up and down are indicative of competitive industries subject to boom and bust.

Atwood Oceanics Total Inventories Related Terms

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Atwood Oceanics (Atwood Oceanics) Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Atwood Oceanics Inc (NYSE:ATW) » Definitions » Total Inventories

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Address

Website

http://www.atwd.com

Atwood Oceanics, Inc. is an offshore drilling company that offers drilling and completion of exploratory and development oil and gas wells. An array of unique drilling units is offered globally in the offshore market. Rig options can differ by operative depth of water, bottom condition, environment and geographical area, and by drilling and operating requirement. The main fleet options consist of deepwater semisubmersibles, jackups, and ultra-deepwater rigs. The majority of Atwood's revenue is derived globally from major integrated oil and natural gas companies and independent oil and gas companies.

Executives

Jeffrey Allen Miller	director	3000 N. SAM HOUSTON PARKWAY E., HOUSTON TX 77032
Phil D Wedemeyer	director
Jack E Golden	director	15835 PARK TEN PLACE DRIVE, HOUSTON TX 77084
Mark W. Smith	officer: SVP & Chief Financial Officer	15835 PARK TEN PLACE DRIVE, HOUSTON TX 77084
Hans Helmerich	director	C/O CIIRMAREX ENERGY CO, 707 17TH ST. #3300, DENVER CO 80202-3404
George S Dotson	director
James R Montague	director	FIVE RADNOR CORPORATE CENTER, SUITE 500, RADNOR PA 19087
Barry Michael Smith	officer: Sr. VP - Technical Services	15835 PARK TEN PLACE DRIEV, HOUSTON TX 77084
Robert J. Saltiel	officer: President & CEO	4 GREENWAY PLAZA, HOUSTON TX 77046
Walter A Baker	officer: Sr Vice Pres., General Counsel	15835 PARK TEN PLACE DRIVE, HOUSTON TX 77084
Stuart D Allen	officer: See Remarks	1004 STANFORD ST., UNIT B, HOUSTON TX 77019
Geoffrey C. Wagner	officer: VP, Marketing & Bus. Dev.	15835 PARK TEN PLACE DRIVE, HOUSTON TX 77084
Mark-anthony Lovell Mey	officer: Exec. VP & CFO	15835 PARK TEN PLACE DRIVE, HOUSTON TX 77084
Alan Quintero	officer: Senior Vice President - Operat	15835 PARK TEN PLACE DRIVE, HOUSTON TX 77084