Petrovietnam Drilling & Well Service (STC:PVD) Days Inventory : 64.37 (As of Dec. 2023)

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What is Petrovietnam Drilling & Well Service Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Petrovietnam Drilling & Well Service's Average Total Inventories for the three months ended in Dec. 2023 was ₫960,119 Mil. Petrovietnam Drilling & Well Service's Cost of Goods Sold for the three months ended in Dec. 2023 was ₫1,360,989 Mil. Hence, Petrovietnam Drilling & Well Service's Days Inventory for the three months ended in Dec. 2023 was 64.37.

The historical rank and industry rank for Petrovietnam Drilling & Well Service's Days Inventory or its related term are showing as below:

STC:PVD' s Days Inventory Range Over the Past 10 Years
Min: 24.71 Med: 69.35 Max: 86.45
Current: 74.49

During the past 13 years, Petrovietnam Drilling & Well Service's highest Days Inventory was 86.45. The lowest was 24.71. And the median was 69.35.

STC:PVD's Days Inventory is ranked worse than
78.74% of 729 companies
in the Oil & Gas industry
Industry Median: 31.44 vs STC:PVD: 74.49

Petrovietnam Drilling & Well Service's Days Inventory declined from Dec. 2022 (67.68) to Dec. 2023 (64.37).

Inventory Turnover measures how fast the company turns over its inventory within a year. Petrovietnam Drilling & Well Service's Inventory Turnover for the three months ended in Dec. 2023 was 1.42.

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. Petrovietnam Drilling & Well Service's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.54.

Petrovietnam Drilling & Well Service Days Inventory Historical Data

The historical data trend for Petrovietnam Drilling & Well Service'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.

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Petrovietnam Drilling & Well Service Days Inventory Chart

Petrovietnam Drilling & Well Service Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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74.74

66.67

86.45

62.65

77.42

Petrovietnam Drilling & Well Service 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															67.68	80.78	76.01	76.81	64.37

Competitive Comparison of Petrovietnam Drilling & Well Service's Days Inventory

For the Oil & Gas Drilling subindustry, Petrovietnam Drilling & Well Service'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.

Petrovietnam Drilling & Well Service's Days Inventory Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Petrovietnam Drilling & Well Service's Days Inventory falls into.

Petrovietnam Drilling & Well Service Days Inventory Calculation

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

Petrovietnam Drilling & Well Service'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
=	( (908560.922	+	999895.512)	/	2 )	/	4498918.88	*	365
=	954228.217					/	4498918.88	*	365
=	77.42

Petrovietnam Drilling & Well Service'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
=	( (920343.246	+	999895.512)	/	2 )	/	1360988.941	*	365 / 4
=	960119.379					/	1360988.941	*	365 / 4
=	64.37

Petrovietnam Drilling & Well Service (STC:PVD) 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.

Petrovietnam Drilling & Well Service's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	1360988.941	/	960119.379
	=	1.42

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.

Petrovietnam Drilling & Well Service's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	960119.379	/	1771068.371
	=	0.54

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.

Petrovietnam Drilling & Well Service Days Inventory Related Terms

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

Petrovietnam Drilling & Well Service (STC:PVD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Petrovietnam Drilling & Well Service Corp (STC:PVD) » Definitions » Days Inventory

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Traded in Other Exchanges

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Address

4th Floor, Sailing Tower, 111A Pasteur Street, Ben Nghe Ward, District 1, Ho Chi Minh, VNM

Website

http://www.pvdrilling.com.vn

Petrovietnam Drilling & Well Service Corp is a provider of drilling rigs and technical services for the exploration and exploitation of oil and gas industry locally and internationally. The company operates through three segments namely Drilling services, Trading, and Other services. Its Drilling services segment offers drilling rigs and drilling services. The Trading segment produces material and equipment for drilling-related activities. Its Other services segment is involved in administering well services, wireline logging, oil spill control service, drilling manpower supply service, investment-management project consulting service, management consulting service and other related services. Geographically it operates in Vietnam, Malaysia, Myanmar, Algeria.

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