IRIG (Integrated Drilling Equipment Holdings) Days Inventory: 36.19 (As of Dec. 2014)

What is Integrated Drilling Equipment Holdings Days Inventory?

Integrated Drilling Equipment Holdings IRIG Days Inventory is 36.19 as of Dec. 2014.

Days Inventory is also known as Days Sales of Inventory (DSI). Integrated Drilling Equipment Holdings's Average Total Inventories for the three months ended in Dec. 2014 was $7.80 Mil. Integrated Drilling Equipment Holdings's Cost of Goods Sold for the three months ended in Dec. 2014 was $19.66 Mil. Hence, Integrated Drilling Equipment Holdings's Days Inventory for the three months ended in Dec. 2014 was 36.19.

The historical rank and industry rank for Integrated Drilling Equipment Holdings's Days Inventory or its related term are showing as below:

IRIG's Days Inventory is not ranked ^*
in the Oil & Gas industry.
Industry Median: 31
* Ranked among companies with meaningful Days Inventory only.

Integrated Drilling Equipment Holdings's Days Inventory declined from Dec. 2013 (39.67) to Dec. 2014 (36.19).

Inventory Turnover measures how fast the company turns over its inventory within a year. Integrated Drilling Equipment Holdings's Inventory Turnover for the three months ended in Dec. 2014 was 2.52.

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. Integrated Drilling Equipment Holdings's Inventory-to-Revenue for the three months ended in Dec. 2014 was 0.27.

Integrated Drilling Equipment Holdings (OTCPK:IRIG) 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.

Integrated Drilling Equipment Holdings's Inventory Turnover for the three months ended in Dec. 2014 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	19.658	/	7.797
	=	2.52

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.

Integrated Drilling Equipment Holdings's Inventory to Revenue for the three months ended in Dec. 2014 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	7.797	/	28.866
	=	0.27

* 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.

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.

Integrated Drilling Equipment Holdings Days Inventory Related Terms

Integrated Drilling Equipment Holdings Days Inventory Historical Data

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The historical data trend for Integrated Drilling Equipment Holdings's Days Inventory can be seen below:

Integrated Drilling Equipment Holdings Days Inventory Chart

Integrated Drilling Equipment Holdings Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Days Inventory

79.96

31.02

47.36

45.83

Integrated Drilling Equipment Holdings Quarterly Data
	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14
Days Inventory	Get a 7-Day Free Trial											39.67	43.14	43.28	49.26	36.19

IRIG vs ESES, TIRTZ, GLFH: Days Inventory Comparison

For the Oil & Gas Equipment & Services subindustry, Integrated Drilling Equipment Holdings'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.

Integrated Drilling Equipment Holdings Days Inventory vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Integrated Drilling Equipment Holdings's Days Inventory distribution charts can be found below:

* The bar in red indicates where Integrated Drilling Equipment Holdings's Days Inventory falls into.

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Integrated Drilling Equipment Holdings Days Inventory Calculation

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

Integrated Drilling Equipment Holdings's Days Inventory for the fiscal year that ended in Dec. 2014 is calculated as

	Days Inventory (A: Dec. 2014 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2013 )	+	Total Inventories (A: Dec. 2014 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2014 )	*	Days in Period
=	( (7.039	+	7.95)	/	2 )	/	59.686	*	365
=	7.4945					/	59.686	*	365
=	45.83

Integrated Drilling Equipment Holdings's Days Inventory for the quarter that ended in Dec. 2014 is calculated as:

	Days Inventory (Q: Dec. 2014 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Sep. 2014 )	+	Total Inventories (Q: Dec. 2014 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2014 )	*	Days in Period
=	( (7.644	+	7.95)	/	2 )	/	19.658	*	365 / 4
=	7.797					/	19.658	*	365 / 4
=	36.19

Frequently Asked Questions Learn more about Days Inventory →

What does a Days Inventory of 36.19 mean?

Integrated Drilling Equipment Holdings (IRIG) has a Days Inventory of 36.19 as of Dec. 2014. Days inventory represents the average amount of days a company holds inventory before selling it. View historical data on Integrated Drilling Equipment Holdings and its competitors.

Is Integrated Drilling Equipment Holdings' Days Inventory too high?

Integrated Drilling Equipment Holdings' current Days Inventory is 36.19. The Oil & Gas industry median Days Inventory is 31.00. Integrated Drilling Equipment Holdings' value of 36.19 is 16.7% above this industry median.

How does Integrated Drilling Equipment Holdings' Days Inventory compare to ESES and TIRTZ?

Integrated Drilling Equipment Holdings' Days Inventory of 36.19 can be compared against companies in the Oil & Gas industry. The industry median Days Inventory is 31.00. Integrated Drilling Equipment Holdings' value of 36.19 is 16.7% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

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

The median Days Inventory among Oil & Gas companies is 31.00, based on 688 companies in the industry. Companies in the top quartile (top 25%) have a Days Inventory significantly above this median, while those in the bottom quartile fall well below. However, Days Inventory should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Integrated Drilling Equipment Holdings's current Days Inventory of 36.19 is 16.7% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.

What does a high Days Inventory mean?

A high Days Inventory can signal that a stock is expensive relative to its fundamentals. Days inventory represents the average amount of days a company holds inventory before selling it. View historical data on Integrated Drilling Equipment Holdings and its competitors. For the Oil & Gas industry, the median Days Inventory is 31.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Integrated Drilling Equipment Holdings's current Days Inventory is 36.19. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Integrated Drilling Equipment Holdings stock overvalued right now?

Integrated Drilling Equipment Holdings (IRIG) has a current Days Inventory of 36.19. The current Days Inventory is 36.19 and 16.7% above the Oil & Gas industry median of 31.00. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is Days Inventory calculated?

Days Inventory is calculated from a company's financial statements. For Integrated Drilling Equipment Holdings (IRIG), the current Days Inventory is 36.19 as of Dec. 2014. 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.

Integrated Drilling Equipment Holdings Business Description

Industry Energy Oil & Gas

Comparable Companies TSXV:IES.H ESES WAR:BCI TIRTZ TSXV:DVT.H TSXV:DAL TSX:HYD TSXV:NWE BOM:526614 GLFH BSE:UZT NSE:AAKASH TSXV:DVG PKDSQ TSXV:HTC SGX:5TN TSX:BRY SGX:5OR TSX:HE FSNR

Address 25311 I-45 North, Woodpark Business Center, Spring, TX, USA, 77380

Website http://www.ide-rig.com

Integrated Drilling Equipment Holdings Corp provides products and services to customers in the oil and gas industry both domestically and internationally. It operates in two segments: Electrical Products & Services and Drilling Products & Services.