Nabors Industries (LTS:0A6M) Change In Inventory : $-5 Mil (TTM As of Mar. 2024)

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What is Nabors Industries Change In Inventory?

Nabors Industries's change in inventory for the quarter that ended in Mar. 2024 was $-2 Mil. It means Nabors Industries's inventory increased by $2 Mil from Dec. 2023 to Mar. 2024 .

Nabors Industries's change in inventory for the fiscal year that ended in Dec. 2023 was $-19 Mil. It means Nabors Industries's inventory increased by $19 Mil from Dec. 2022 to Dec. 2023 .

Nabors Industries's Total Inventories for the quarter that ended in Mar. 2024 was $150 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Nabors Industries's Days Inventory for the quarter that ended in Mar. 2024 was 22.83.

Inventory Turnover measures how fast the company turns over its inventory within a year. Nabors Industries's Inventory Turnover for the quarter that ended in Mar. 2024 was 4.00.

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. Nabors Industries's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.20.

Nabors Industries Change In Inventory Historical Data

The historical data trend for Nabors Industries'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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Nabors Industries Change In Inventory Chart

Nabors Industries Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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-18.70

6.19

32.04

0.93

-19.43

Nabors Industries Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Change In Inventory	Get a 7-Day Free Trial															-16.27	-7.85	5.82	-1.13	-2.05

Nabors Industries 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. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-5 Mil.

Nabors Industries (LTS:0A6M) Change In Inventory Explanation

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

Nabors Industries's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	148.7935	/	594.762	*	365 / 4
	=	22.83

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

Nabors Industries's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	594.762	/	148.7935
	=	4.00

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.

Nabors Industries's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	148.7935	/	733.704
	=	0.20

Nabors Industries Change In Inventory Related Terms

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Nabors Industries (LTS:0A6M) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Nabors Industries Ltd (LTS:0A6M) » Definitions » Change In Inventory

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NBR:USA NBI1:Germany

Address

4 Par-la-Ville Road, Crown House, Second Floor, Hamilton, BMU, HM 08

Website

https://www.nabors.com

Nabors Industries Ltd owns and operates one of the world's largest land-based drilling rig fleets and is a provider of offshore platform rigs in the United States and international markets. It also provides performance tools, directional drilling services, tubular running services, and innovative technologies. It has operations in over 15 countries, 300 actively marketed rigs for land-based drilling operations and 29 actively marketed rigs for offshore platform drilling operations in the United States and multiple international markets. The company has five reportable segments: U.S. Drilling, Canada Drilling, International Drilling, Drilling Solutions, and Rig Technologies. The key revenue of the company is generated from International Drilling.

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