Noble (NE.WS.A) Days Inventory : 0.00 (As of Jun. 2024)

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What is Noble Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Noble's Average Total Inventories for the three months ended in Jun. 2024 was $0.00 Mil. Noble's Cost of Goods Sold for the three months ended in Jun. 2024 was $449.96 Mil. Hence, Noble's Days Inventory for the three months ended in Jun. 2024 was 0.00.

The historical rank and industry rank for Noble's Days Inventory or its related term are showing as below:

NE.WS.A's Days Inventory is not ranked ^*
in the Oil & Gas industry.
Industry Median: 32.235
* Ranked among companies with meaningful Days Inventory only.

Noble's Days Inventory stayed the same from Jun. 2023 (0.00) to Jun. 2024 (0.00).

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

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. Noble's Inventory-to-Revenue for the three months ended in Jun. 2024 was 0.00.

Noble Days Inventory Historical Data

The historical data trend for Noble'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.

Noble Days Inventory Chart

Noble Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Days Inventory

Noble Quarterly Data
	Dec20	Sep21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Days Inventory	Get a 7-Day Free Trial							-	-	-	-	-

Competitive Comparison of Noble's Days Inventory

For the Oil & Gas Drilling subindustry, Noble'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.

Noble's Days Inventory Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Noble's Days Inventory falls into.

Noble Days Inventory Calculation

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

Noble'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
=	( (0	+	0)	/	1 )	/	1845.268	*	365
=	0					/	1845.268	*	365
=	0.00

Noble's Days Inventory for the quarter that ended in Jun. 2024 is calculated as:

	Days Inventory (Q: Jun. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Mar. 2024 )	+	Total Inventories (Q: Jun. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2024 )	*	Days in Period
=	( (0	+	0)	/	1 )	/	449.955	*	365 / 4
=	0					/	449.955	*	365 / 4
=	0.00

Noble (NYSE:NE.WS.A) 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.

Noble's Inventory Turnover for the three months ended in Jun. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	449.955	/	0
	=

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.

Noble's Inventory to Revenue for the three months ended in Jun. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0	/	692.844
	=	0.00

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.

Noble Days Inventory Related Terms

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

Noble Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Noble Corp PLC (NYSE:NE.WS.A) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

NE:USA NOBLE:Denmark 85V1:Germany

Address

13135 Dairy Ashford, Suite 800, Sugar Land, TX, USA, 77478

Website

https://www.noblecorp.com

Noble Corp PLC is an offshore drilling contractor for the oil and gas industry that provides contract drilling services to the international oil and gas industry with its fleet of mobile offshore drilling units. The company focuses on a high-specification fleet of floating and jackup rigs and the deployment of its drilling rigs in oil and gas basins around the world.