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


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What is Integrated Drilling Equipment Holdings Days Inventory?

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: 31.29
* 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 Days Inventory Historical Data

The historical data trend for Integrated Drilling Equipment Holdings'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.

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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 39.67 43.14 43.28 49.26 36.19

Competitive Comparison of Integrated Drilling Equipment Holdings's Days Inventory

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's Days Inventory Distribution in the 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.



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

* 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.


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

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

* 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

Thank you for viewing the detailed overview of Integrated Drilling Equipment Holdings's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.


Integrated Drilling Equipment Holdings (Integrated Drilling Equipment Holdings) Business Description

Traded in Other Exchanges
N/A
Address
25311 I-45 North, Woodpark Business Center, Spring, TX, USA, 77380
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.

Integrated Drilling Equipment Holdings (Integrated Drilling Equipment Holdings) Headlines

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