VTDRF (Vantage Drilling International) Days Inventory: 51.52 (As of Dec. 2022)


VTDRF Vantage Drilling International Ltd VTDRF
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What is Vantage Drilling International Days Inventory?

Vantage Drilling International VTDRF 8 Days Inventory is 51.52 as of Dec. 2022. GuruFocus rates VTDRF with a GF Score™ of 8/100. Among 687 Oil & Gas companies, Vantage Drilling International ranks worse than 145560.26% on this metric.

Days Inventory is also known as Days Sales of Inventory (DSI). Vantage Drilling International's Average Total Inventories for the six months ended in Dec. 2022 was $39.4 Mil. Vantage Drilling International's Cost of Goods Sold for the six months ended in Dec. 2022 was $279.3 Mil. Hence, Vantage Drilling International's Days Inventory for the six months ended in Dec. 2022 was 25.76.

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

VTDRF's Days Inventory is not ranked *
in the Oil & Gas industry.
Industry Median: 31.01
* Ranked among companies with meaningful Days Inventory only.

Vantage Drilling International's Days Inventory declined from Dec. 2020 (82.12) to Dec. 2022 (51.52).

Inventory Turnover measures how fast the company turns over its inventory within a year. Vantage Drilling International's Inventory Turnover for the six months ended in Dec. 2022 was 7.09.

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. Vantage Drilling International's Inventory-to-Revenue for the six months ended in Dec. 2022 was 0.14.


Vantage Drilling International  (OTCPK:VTDRF) 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.

Vantage Drilling International's Inventory Turnover for the six months ended in Dec. 2022 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.

Vantage Drilling International's Inventory to Revenue for the six months ended in Dec. 2022 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.


Vantage Drilling International Days Inventory Related Terms


Vantage Drilling International Days Inventory Historical Data

* Premium members only.

The historical data trend for Vantage Drilling International'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.

Vantage Drilling International Days Inventory Chart

Vantage Drilling International Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Days Inventory
Get a 7-Day Free Trial Premium Member Only Premium Member Only 67.37 74.01 82.12 77.13 51.52

Vantage Drilling International Semi-Annual Data
Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
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 67.37 74.01 82.12 77.13 51.52

VTDRF vs SOC, NBR, NE: Days Inventory Comparison

For the Oil & Gas Drilling subindustry, Vantage Drilling International'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.


Vantage Drilling International Days Inventory vs Oil & Gas Industry

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

* The bar in red indicates where Vantage Drilling International's Days Inventory falls into.


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Vantage Drilling International Ltd VTDRF
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Vantage Drilling International Days Inventory Calculation

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

Vantage Drilling International's Days Inventory for the fiscal year that ended in Dec. 2022 is calculated as

Days Inventory (A: Dec. 2022 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (A: Dec. 2021 ) + Total Inventories (A: Dec. 2022 )) / count ) / Cost of Goods Sold (A: Dec. 2022 )*Days in Period
=( (37.58 + 41.25) / 2 ) / 279.26*365
=39.415 / 279.26*365
=51.52

Vantage Drilling International's Days Inventory for the quarter that ended in Dec. 2022 is calculated as:

Days Inventory (Q: Dec. 2022 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (Q: Dec. 2021 ) + Total Inventories (Q: Dec. 2022 )) / count ) / Cost of Goods Sold (Q: Dec. 2022 )*Days in Period
=( (37.58 + 41.25) / 2 ) / 279.26*365 / 2
=39.415 / 279.26*365 / 2
=25.76

* 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.

Frequently Asked Questions Learn more about Days Inventory →
What does a Days Inventory of 51.52 mean?
Vantage Drilling International (VTDRF) has a Days Inventory of 51.52 as of Dec. 2022. Days inventory represents the average amount of days a company holds inventory before selling it. View historical data on Vantage Drilling International and its competitors. According to the industry distribution chart, Vantage Drilling International ranks #999999 out of 687 companies in the Oil & Gas industry.
Is Vantage Drilling International's Days Inventory too high?
Vantage Drilling International's current Days Inventory is 51.52. The Oil & Gas industry median Days Inventory is 31.01. Vantage Drilling International's value of 51.52 is 66.1% above this industry median. Based on the distribution chart, Vantage Drilling International ranks #999999 out of 687 companies in the Oil & Gas industry, which is in the bottom quartile relative to peers. Overall, Vantage Drilling International has a GF Score™ of 8/100, reflecting its overall financial health beyond just this single metric.
How does Vantage Drilling International's Days Inventory compare to SOC and NBR?
According to the Oil & Gas industry distribution chart, Vantage Drilling International ranks #999999 out of 687 companies for Days Inventory. This places Vantage Drilling International in the lower half of its industry. The industry median Days Inventory is 31.01. Vantage Drilling International's value of 51.52 is 66.1% 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 31.01, based on 687 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. Vantage Drilling International's current Days Inventory of 51.52 is 66.1% 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 Vantage Drilling International and its competitors. For the Oil & Gas industry, the median Days Inventory is 31.01 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Vantage Drilling International's current Days Inventory is 51.52. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Vantage Drilling International stock overvalued right now?
Vantage Drilling International (VTDRF) has a current Days Inventory of 51.52. The current Days Inventory is 51.52 and 66.1% above the Oil & Gas industry median of 31.01. Vantage Drilling International's overall GF Score™ is 8/100. 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 Vantage Drilling International (VTDRF), the current Days Inventory is 51.52 as of Dec. 2022. 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.

Vantage Drilling International Business Description

Industry EnergyOil & Gas
Other Exchanges VDI:Norway
Address 777 Post Oak Boulevard, Suite 440, Houston, TX, USA, 77056
Vantage Drilling International Ltd is an international offshore drilling company engaged in providing contract drilling services and related support services. The company operates through two segments: Drilling Services, which includes activities related to owned rigs, and Managed Services, which involves managing and supporting rigs owned by third parties. It mainly provides offshore drilling services to oil and gas companies in international markets.
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