Inventory Turnover measures how fast the company turns over its inventory within a year. It is calculated as Cost of Goods Sold divided by Total Inventories. Noble Energy's Cost of Goods Sold for the
three
months ended in Jun. 2020 was $597 Mil. Noble Energy's Average Total Inventories for the quarter that ended in Jun. 2020 was $68 Mil.
Noble Energy's Inventory Turnover for the quarter that ended in Jun. 2020 was 8.78.
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Noble Energy's Days Inventory for the
three
months ended in Jun. 2020 was 10.39.
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.
Noble Energy's Inventory-to-Revenue for the quarter that ended in Jun. 2020 was 0.12.
Noble Energy Inventory Turnover Historical Data
The historical data trend for Noble Energy's Inventory Turnover 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 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.
Noble Energy (NAS:NBL) Inventory Turnover Explanation
Inventory Turnover measures how fast the company turns over its inventory within a year. A higher Inventory Turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.
1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Noble Energy's Days Inventory for the
three
months ended in Jun. 2020 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.
Noble Energy's Inventory to Revenue for the quarter that ended in Jun. 2020 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
Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate Inventory Turnover. An average inventory is a better indication.
Noble Energy Inventory Turnover Related Terms
Thank you for viewing the detailed overview of Noble Energy's Inventory Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.
Noble Energy is an independent oil and gas producer with key assets in the U.S., Israel, and West Africa. At the end of 2019, the company reported net proven reserves of 2.05 billion barrels of oil equivalent. Net production averaged 361 thousand barrels of oil equivalent per day in 2019, at a ratio of 57% oil and natural gas liquids and 43% natural gas.
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