ION Geophysical (FRA:IO8N) Change In Inventory : €0.50 Mil (TTM As of Sep. 2021)

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What is ION Geophysical Change In Inventory?

ION Geophysical's change in inventory for the quarter that ended in Sep. 2021 was €0.05 Mil. It means ION Geophysical's inventory declined by €0.05 Mil from Jun. 2021 to Sep. 2021 .

ION Geophysical's change in inventory for the fiscal year that ended in Dec. 2020 was €0.23 Mil. It means ION Geophysical's inventory declined by €0.23 Mil from Dec. 2019 to Dec. 2020 .

ION Geophysical's Total Inventories for the quarter that ended in Sep. 2021 was €9.07 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. ION Geophysical's Days Inventory for the quarter that ended in Sep. 2021 was 43.65.

Inventory Turnover measures how fast the company turns over its inventory within a year. ION Geophysical's Inventory Turnover for the quarter that ended in Sep. 2021 was 2.09.

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. ION Geophysical's Inventory-to-Revenue for the quarter that ended in Sep. 2021 was 0.24.

ION Geophysical Change In Inventory Historical Data

The historical data trend for ION Geophysical's Change In 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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ION Geophysical Change In Inventory Chart

ION Geophysical Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Change In Inventory

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2.19

0.16

-0.31

0.96

0.23

ION Geophysical Quarterly Data
	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21
Change In Inventory	Get a 7-Day Free Trial															-0.09	0.17	0.18	0.10	0.05

ION Geophysical Change In Inventory Calculation

Change In Inventory is the difference between last period's ending inventory and the current period's ending inventory.

Change In Inventory for the trailing twelve months (TTM) ended in Sep. 2021 adds up the quarterly data reported by the company within the most recent 12 months, which was €0.50 Mil.

ION Geophysical (FRA:IO8N) Change In Inventory Explanation

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

ION Geophysical's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	9.011	/	18.836	*	365 / 4
	=	43.65

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

ION Geophysical's Inventory Turnover for the quarter that ended in Sep. 2021 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	18.836	/	9.011
	=	2.09

3. 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.

ION Geophysical's Inventory to Revenue for the quarter that ended in Sep. 2021 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	9.011	/	37.732
	=	0.24

ION Geophysical Change In Inventory Related Terms

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ION Geophysical (FRA:IO8N) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » ION Geophysical Corp (FRA:IO8N) » Definitions » Change In Inventory

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Address

2105 CityWest Boulevard, Suite 100, Houston, TX, USA, 77042-2855

Website

https://www.iongeo.com

ION Geophysical Corp is a United States-based technology-focused company, which provides geoscience products, services, and solutions to the global oil and gas industry. The company operates through two segments: E&P Technology & Services and E&P Operations Optimization. It generates the majority of its revenue comes from the Technology & Services segment which creates digital data assets and delivers services to E&P(exploration and production) companies. Its geographical segments are Latin America, North America, Europe, Asia Pacific, Africa, Middle East, and others.

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