VTDRF (Vantage Drilling International) Change In Inventory: $-4.2 Mil (TTM As of Dec. 2022)

What is Vantage Drilling International Change In Inventory?

Vantage Drilling International VTDRF 8 Change In Inventory is $-4.2 Mil as of Dec. 2022. GuruFocus rates VTDRF with a GF Score™ of 8/100.

Vantage Drilling International's change in inventory for the quarter that ended in Dec. 2022 was $-4.2 Mil. It means Vantage Drilling International's inventory increased by $4.2 Mil from Dec. 2021 to Dec. 2022 .

Vantage Drilling International's change in inventory for the fiscal year that ended in Dec. 2022 was $-4.2 Mil. It means Vantage Drilling International's inventory increased by $4.2 Mil from Dec. 2021 to Dec. 2022 .

Vantage Drilling International's Total Inventories for the quarter that ended in Dec. 2022 was $41.3 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Vantage Drilling International's Days Inventory for the quarter that ended in Dec. 2022 was 25.76.

Inventory Turnover measures how fast the company turns over its inventory within a year. Vantage Drilling International's Inventory Turnover for the quarter that ended in Dec. 2022 was 7.09.

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. Vantage Drilling International's Inventory-to-Revenue for the quarter that ended in Dec. 2022 was 0.14.

Vantage Drilling International (OTCPK:VTDRF) Change In Inventory Explanation

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

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

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	39.415	/	279.26	*	365 / 2
	=	25.76

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

Vantage Drilling International's Inventory Turnover for the quarter that ended in Dec. 2022 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	279.26	/	39.415
	=	7.09

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.

Vantage Drilling International's Inventory to Revenue for the quarter that ended in Dec. 2022 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	39.415	/	278.716
	=	0.14

* 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.

Vantage Drilling International Change In Inventory Related Terms

Vantage Drilling International Change In Inventory Historical Data

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The historical data trend for Vantage Drilling International's Change In Inventory can be seen below:

Vantage Drilling International Change In Inventory Chart

Vantage Drilling International Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Change In Inventory

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1.91

-3.17

-1.85

-1.62

-4.16

Vantage Drilling International Semi-Annual Data
	Dec07	Dec08	Dec09	Dec10	Dec11	Dec12	Dec13	Dec14	Dec15	Dec16	Dec17	Dec18	Dec19	Dec20	Dec21	Dec22
Change In Inventory	Get a 7-Day Free Trial											1.91	-3.17	-1.85	-1.62	-4.16

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Vantage Drilling International Change In Inventory Calculation

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

For stock reported annually, GuruFocus uses latest annual data as the TTM data. Change In Inventory for the trailing twelve months (TTM) ended in Dec. 2022 was $-4.2 Mil.

Frequently Asked Questions Learn more about Change In Inventory →

What does a Change In Inventory of $-4.2 Mil mean?

Vantage Drilling International (VTDRF) has a Change In Inventory of $-4.2 Mil as of Dec. 2022. Change in Inventory is the difference between current-period inventory and past-period inventory. View historical data for Vantage Drilling International and its competitors.

Is Vantage Drilling International's Change In Inventory too high?

Vantage Drilling International's current Change In Inventory is $-4.2 Mil. Overall, Vantage Drilling International has a GF Score™ of 8/100, reflecting its overall financial health beyond just this single metric.

How does Vantage Drilling International's Change In Inventory compare to SOC and NBR?

Vantage Drilling International's Change In Inventory of $-4.2 Mil can be compared against companies in the Oil & Gas industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good Change In Inventory for an Oil & Gas company?

A good Change In Inventory depends on the Oil & Gas industry context. However, Change In Inventory should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.

What does a high Change In Inventory mean?

A high Change In Inventory can signal that a stock is expensive relative to its fundamentals. Change in Inventory is the difference between current-period inventory and past-period inventory. View historical data for Vantage Drilling International and its competitors. Vantage Drilling International's current Change In Inventory is $-4.2 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Vantage Drilling International stock overvalued right now?

Vantage Drilling International (VTDRF) has a current Change In Inventory of $-4.2 Mil. The current Change In Inventory is $-4.2 Mil. Vantage Drilling International's overall GF Score™ is 8/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is Change In Inventory calculated?

Change In Inventory is calculated from a company's financial statements. For Vantage Drilling International (VTDRF), the current Change In Inventory is $-4.2 Mil as of Dec. 2022. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Vantage Drilling International Business Description

Industry Energy Oil & Gas

Comparable Companies SOC NBR ADX:ADNOCDRILL NE RIG SAU:2382 VAL SHSE:600871 PTEN HP SDRL SAU:2381 OSL:ODL BORR TSX:PD OSL:PLSV MUS:ABRJ STC:PVD XKLS:5243 KUW:ALFTAQA

Other Exchanges VDI:Norway

Address 777 Post Oak Boulevard, Suite 440, Houston, TX, USA, 77056

Website https://www.vantagedrilling.com

Vantage Drilling International Ltd is an international offshore drilling company engaged in providing contract drilling services and related support services. The company operates through two segments: Drilling Services, which includes activities related to owned rigs, and Managed Services, which involves managing and supporting rigs owned by third parties. It mainly provides offshore drilling services to oil and gas companies in international markets.

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