Tuscany International Drilling, (FRA:TS1) Change In Inventory : €-2.8 Mil (TTM As of Mar. 2014)

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What is Tuscany International Drilling, Change In Inventory?

Tuscany International Drilling,'s change in inventory for the quarter that ended in Mar. 2014 was €-0.3 Mil. It means Tuscany International Drilling,'s inventory increased by €0.3 Mil from Dec. 2013 to Mar. 2014 .

Tuscany International Drilling,'s change in inventory for the fiscal year that ended in Dec. 2013 was €-3.6 Mil. It means Tuscany International Drilling,'s inventory increased by €3.6 Mil from Dec. 2012 to Dec. 2013 .

Tuscany International Drilling,'s Total Inventories for the quarter that ended in Mar. 2014 was €11.3 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Tuscany International Drilling,'s Days Inventory for the quarter that ended in Mar. 2014 was 56.01.

Inventory Turnover measures how fast the company turns over its inventory within a year. Tuscany International Drilling,'s Inventory Turnover for the quarter that ended in Mar. 2014 was 1.63.

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. Tuscany International Drilling,'s Inventory-to-Revenue for the quarter that ended in Mar. 2014 was 0.45.

Tuscany International Drilling, Change In Inventory Historical Data

The historical data trend for Tuscany International Drilling,'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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Tuscany International Drilling, Change In Inventory Chart

Tuscany International Drilling, Annual Data

Trend

Dec09

Dec10

Dec11

Dec12

Dec13

Change In Inventory

-0.65

3.17

-2.56

-3.64

Tuscany International Drilling, Quarterly Data
	Jun09	Sep09	Dec09	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14
Change In Inventory	Get a 7-Day Free Trial															-1.26	-1.87	-0.26	-0.40	-0.28

Tuscany International Drilling, 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 Mar. 2014 adds up the quarterly data reported by the company within the most recent 12 months, which was €-2.8 Mil.

Tuscany International Drilling, (FRA:TS1) Change In Inventory Explanation

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

Tuscany International Drilling,'s Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	11.1895	/	18.231	*	365 / 4
	=	56.01

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

Tuscany International Drilling,'s Inventory Turnover for the quarter that ended in Mar. 2014 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	18.231	/	11.1895
	=	1.63

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.

Tuscany International Drilling,'s Inventory to Revenue for the quarter that ended in Mar. 2014 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	11.1895	/	24.778
	=	0.45

Tuscany International Drilling, Change In Inventory Related Terms

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Tuscany International Drilling, (FRA:TS1) Business Description

Industry

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Address

Website

http://www.tuscanydrilling.com

Tuscany International Drilling Inc was incorporated on April 6, 2004, pursuant to the provisions of the Business Corporations Act Alberta. The company is a Canadian-based oilfield services company; offering drilling, completion and workover services to the oil and natural gas industry, in South America. It is comprised of 26 owned drilling and workover rigs. It competes directly with various international and local companies in each region in which it operate.

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