United Drilling Tools (NSE:UNIDT) Days Inventory : 667.66 (As of Dec. 2023)

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What is United Drilling Tools Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). United Drilling Tools's Average Total Inventories for the three months ended in Dec. 2023 was ₹1,625 Mil. United Drilling Tools's Cost of Goods Sold for the three months ended in Dec. 2023 was ₹222 Mil. Hence, United Drilling Tools's Days Inventory for the three months ended in Dec. 2023 was 667.66.

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

NSE:UNIDT' s Days Inventory Range Over the Past 10 Years
Min: 50.15 Med: 235.05 Max: 849.01
Current: 849.01

During the past 13 years, United Drilling Tools's highest Days Inventory was 849.01. The lowest was 50.15. And the median was 235.05.

NSE:UNIDT's Days Inventory is ranked worse than
99.18% of 730 companies
in the Oil & Gas industry
Industry Median: 31.72 vs NSE:UNIDT: 849.01

United Drilling Tools's Days Inventory declined from Dec. 2022 (747.06) to Dec. 2023 (667.66).

Warning Sign:

If a company builds up inventory, it may mean it is having difficulties selling its goods.

Inventory Turnover measures how fast the company turns over its inventory within a year. United Drilling Tools's Inventory Turnover for the three months ended in Dec. 2023 was 0.14.

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. United Drilling Tools's Inventory-to-Revenue for the three months ended in Dec. 2023 was 4.78.

United Drilling Tools Days Inventory Historical Data

The historical data trend for United Drilling Tools'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.

United Drilling Tools Days Inventory Chart

United Drilling Tools Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Inventory

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145.57

196.95

365.94

605.55

United Drilling Tools Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Inventory	Get a 7-Day Free Trial															747.06	1,156.89	1,395.65	754.36	667.66

Competitive Comparison of United Drilling Tools's Days Inventory

For the Oil & Gas Equipment & Services subindustry, United Drilling Tools'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.

United Drilling Tools's Days Inventory Distribution in the Oil & Gas Industry

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

* The bar in red indicates where United Drilling Tools's Days Inventory falls into.

United Drilling Tools Days Inventory Calculation

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

United Drilling Tools's Days Inventory for the fiscal year that ended in Mar. 2023 is calculated as

	Days Inventory (A: Mar. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Mar. 2022 )	+	Total Inventories (A: Mar. 2023 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2023 )	*	Days in Period
=	( (1149.651	+	1360.536)	/	2 )	/	756.523	*	365
=	1255.0935					/	756.523	*	365
=	605.55

United Drilling Tools'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: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (1624.509	+	0)	/	1 )	/	222.025	*	365 / 4
=	1624.509					/	222.025	*	365 / 4
=	667.66

United Drilling Tools (NSE:UNIDT) 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.

United Drilling Tools's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	222.025	/	1624.509
	=	0.14

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.

United Drilling Tools's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	1624.509	/	339.537
	=	4.78

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.

United Drilling Tools Days Inventory Related Terms

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

United Drilling Tools (NSE:UNIDT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » United Drilling Tools Ltd (NSE:UNIDT) » Definitions » Days Inventory

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Traded in Other Exchanges

522014:India

Address

26th Floor, Astralis Tower, Supernova Complex, Gautam Budh Nagar, Sector-94, Noida, UP, IND, 201301

Website

https://www.udtltd.com

United Drilling Tools Ltd is a manufacturer of Oilfield Equipment. Its product profile includes Wireline Winch Units, Artificial Gas Lift Equipments, Fast Make-Up High-Performance Connectors, Down Hole Tools, and Casing Pipe with Connectors. The company operates in domestic as well as international markets.

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