Anton Oilfield Services Group (Anton Oilfield Services Group) Days Inventory : 96.11 (As of Dec. 2023)

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What is Anton Oilfield Services Group Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Anton Oilfield Services Group's Average Total Inventories for the six months ended in Dec. 2023 was $131.2 Mil. Anton Oilfield Services Group's Cost of Goods Sold for the six months ended in Dec. 2023 was $249.2 Mil. Hence, Anton Oilfield Services Group's Days Inventory for the six months ended in Dec. 2023 was 96.11.

The historical rank and industry rank for Anton Oilfield Services Group's Days Inventory or its related term are showing as below:

ATONF' s Days Inventory Range Over the Past 10 Years
Min: 109.26 Med: 152.15 Max: 284.74
Current: 110.65

During the past 13 years, Anton Oilfield Services Group's highest Days Inventory was 284.74. The lowest was 109.26. And the median was 152.15.

ATONF's Days Inventory is ranked worse than
86.42% of 729 companies
in the Oil & Gas industry
Industry Median: 31.44 vs ATONF: 110.65

Anton Oilfield Services Group's Days Inventory declined from Dec. 2022 (128.95) to Dec. 2023 (96.11).

Inventory Turnover measures how fast the company turns over its inventory within a year. Anton Oilfield Services Group's Inventory Turnover for the six months ended in Dec. 2023 was 1.90.

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. Anton Oilfield Services Group's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.37.

Anton Oilfield Services Group Days Inventory Historical Data

The historical data trend for Anton Oilfield Services Group's Days 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.

* Premium members only.

Anton Oilfield Services Group Days Inventory Chart

Anton Oilfield Services Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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122.91

131.74

167.16

142.81

109.44

Anton Oilfield Services Group Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Inventory	Get a 7-Day Free Trial															163.46	149.48	128.95	131.86	96.11

Competitive Comparison of Anton Oilfield Services Group's Days Inventory

For the Oil & Gas Equipment & Services subindustry, Anton Oilfield Services Group's Days Inventory, along with its competitors' market caps and Days Inventory data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Anton Oilfield Services Group's Days Inventory Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Anton Oilfield Services Group's Days Inventory distribution charts can be found below:

* The bar in red indicates where Anton Oilfield Services Group's Days Inventory falls into.

Anton Oilfield Services Group Days Inventory Calculation

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

Anton Oilfield Services Group's Days Inventory for the fiscal year that ended in Dec. 2023 is calculated as

	Days Inventory (A: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (133.946	+	127.45)	/	2 )	/	435.91	*	365
=	130.698					/	435.91	*	365
=	109.44

Anton Oilfield Services Group's Days Inventory for the quarter that ended in Dec. 2023 is calculated as:

	Days Inventory (Q: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Jun. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (135.043	+	127.45)	/	2 )	/	249.208	*	365 / 2
=	131.2465					/	249.208	*	365 / 2
=	96.11

Anton Oilfield Services Group (OTCPK:ATONF) Days Inventory Explanation

Days Inventory indicates the liquidity of the inventory. Generally, a lower Days Inventory is preferred as it indicates a shorter duration to clear off the inventory. An increase of the ratio may indicate the company's sales slowed. Similar ratios related to Days Inventory are:

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

Anton Oilfield Services Group's Inventory Turnover for the six months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	249.208	/	131.2465
	=	1.90

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.

Anton Oilfield Services Group's Inventory to Revenue for the six months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	131.2465	/	356.063
	=	0.37

Be Aware

A lot of business are seasonable. It makes more sense to compare Days Inventory from the same period in the previous year instead of from the previous quarter.

Anton Oilfield Services Group Days Inventory Related Terms

Thank you for viewing the detailed overview of Anton Oilfield Services Group's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.

Anton Oilfield Services Group (Anton Oilfield Services Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Anton Oilfield Services Group (OTCPK:ATONF) » Definitions » Days Inventory

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ATONY:USA 03337:Hong Kong

Address

No. 8, Pingcui West Road, Donghuqu, Chaoyang District, Beijing, CHN, 100102

Website

https://www.antonoil.com

Anton Oilfield Services Group is an investment holding company principally engaged in the provision of integrated oil and gas field development technical services. The Company operates its business through three segments. The Drilling Technology segment is engaged in the provision of engineering technical services and products to solve problems encountered in directional drilling, drilling assessment and enhanced reservoir contact and integrated drilling. The Well Completion segment is engaged in integrated well completion and stimulation services from integrated solutions for well completion, production, equipment, tools, and materials. The Oil Production Services segment is engaged in enabling economic recovery based on reservoir geological conditions.

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