ION Geophysical (ION Geophysical) Inventory-to-Revenue : 0.24 (As of Sep. 2021)

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What is ION Geophysical Inventory-to-Revenue?

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. ION Geophysical's Average Total Inventories for the quarter that ended in Sep. 2021 was $10.7 Mil. ION Geophysical's Revenue for the three months ended in Sep. 2021 was $44.4 Mil. ION Geophysical's Inventory-to-Revenue for the quarter that ended in Sep. 2021 was 0.24.

ION Geophysical's Inventory-to-Revenue for the quarter that ended in Sep. 2021 declined from Jun. 2021 (0.55) to Jun. 2021 (0.24)

A decrease in the Inventory-to-Revenue from one quarter to next indicates that one of these is occurring:

1. investment in inventory is shrinking in relation to revenue
2. revenue are increasing
No matter which situation is causing the reduction in the Inventory-to-Revenue, either one suggests that business's inventory levels and its cash flow are effectively managed.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. ION Geophysical's Days Inventory for the three months ended in Sep. 2021 was 44.17.

Inventory Turnover measures how fast the company turns over its inventory within a year. ION Geophysical's Inventory Turnover for the quarter that ended in Sep. 2021 was 2.07.

ION Geophysical Inventory-to-Revenue Historical Data

The historical data trend for ION Geophysical's Inventory-to-Revenue 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.

ION Geophysical Inventory-to-Revenue Chart

ION Geophysical Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Inventory-to-Revenue

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0.14

0.08

0.10

ION Geophysical Quarterly Data
	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21
Inventory-to-Revenue	Get a 7-Day Free Trial															0.73	0.42	0.79	0.55	0.24

Competitive Comparison of ION Geophysical's Inventory-to-Revenue

For the Oil & Gas Equipment & Services subindustry, ION Geophysical's Inventory-to-Revenue, along with its competitors' market caps and Inventory-to-Revenue 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.

ION Geophysical's Inventory-to-Revenue Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, ION Geophysical's Inventory-to-Revenue distribution charts can be found below:

* The bar in red indicates where ION Geophysical's Inventory-to-Revenue falls into.

ION Geophysical Inventory-to-Revenue Calculation

ION Geophysical's Inventory-to-Revenue for the fiscal year that ended in Dec. 2020 is calculated as

	Inventory-to-Revenue (A: Dec. 2020 )
=	Average Total Inventories					/	Revenue
=	( (Total Inventories (A: Dec. 2019 )	+	Total Inventories (A: Dec. 2020 ))	/	count )	/	Revenue (A: Dec. 2020 )
=	( (12.187	+	11.267)	/	2 )	/	122.674
=	11.727					/	122.674
=	0.10

ION Geophysical's Inventory-to-Revenue for the quarter that ended in Sep. 2021 is calculated as

	Inventory-to-Revenue (Q: Sep. 2021 )
=	Average Total Inventories					/	Revenue
=	( (Total Inventories (Q: Jun. 2021 )	+	Total Inventories (Q: Sep. 2021 ))	/	count )	/	Revenue (Q: Sep. 2021 )
=	( (10.783	+	10.673)	/	2 )	/	44.391
=	10.728					/	44.391
=	0.24

ION Geophysical (OTCPK:IOGPQ) Inventory-to-Revenue Explanation

An increase in Inventory-to-Revenue from one quarter to the next indicates that one of the following is happening:

1. investment in inventory is growing more rapidly than revenue
2. revenue are dropping
No matter which situation is causing the problem, an increase in the Inventory-to-Revenue may signal an oncoming cash flow problem.

Likewise, a decrease in the Inventory-to-Revenue from one quarter to next indicates that one of these is occurring:

More Related Terms:

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

ION Geophysical's Days Inventory for the three months ended in Sep. 2021 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2021 )	/	Cost of Goods Sold (Q: Sep. 2021 )	*	Days in Period
	=	10.728	/	22.161	*	365 / 4
	=	44.17

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

ION Geophysical's Inventory Turnover for the quarter that ended in Sep. 2021 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Sep. 2021 )	/	Average Total Inventories (Q: Sep. 2021 )
	=	22.161	/	10.728
	=	2.07

ION Geophysical Inventory-to-Revenue Related Terms

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ION Geophysical (ION Geophysical) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » ION Geophysical Corp (OTCPK:IOGPQ) » Definitions » Inventory-to-Revenue

Comparable Companies

Traded in Other Exchanges

N/A

Address

2105 CityWest Boulevard, Suite 100, Houston, TX, USA, 77042-2855

Website

https://www.iongeo.com

ION Geophysical Corp is a United States-based technology-focused company, which provides geoscience products, services, and solutions to the global oil and gas industry. The company operates through two segments: E&P Technology & Services and E&P Operations Optimization. It generates the majority of its revenue comes from the Technology & Services segment which creates digital data assets and delivers services to E&P(exploration and production) companies. Its geographical segments are Latin America, North America, Europe, Asia Pacific, Africa, Middle East, and others.

Executives

Gates Capital Management, Inc.	10 percent owner	1177 AVE. OF THE AMERICAS 46TH FLOOR NEW YORK NY 10036
Mark J Doran	director	4203 YOAKUM BLVD, SUITE 100, HOUSTON TX 77006
Gary L Pittman	director	4203 YOAKUM BLVD SUITE 100 HOUSTON TX 77006
Jeffrey L Gates	10 percent owner	1177 AVENUE OF THE AMERICAS 46TH FLOOR NEW YORK NY 10036
Gates Capital Management, L.p.	10 percent owner	1177 AVENUE OF THE AMERICAS 46TH FLOOR NEW YORK NY 10036
Gates Capital Management Gp, Llc	10 percent owner	1177 AVENUE OF THE AMERICAS 46TH FLOOR NEW YORK NY 10036
Sheila M Rodermund	officer: EVP, Operations Optimization	4203 YOAKUM BLVD SUITE 100 HOUSTON TX 77006
Shaohua Zhang	director	4203 YOAKUM BLVD SUITE 100 HOUSTON TX 77042
Lapeyre James M Jr	director	C/O LAITRAM CORP 220 LAITRAM LANE HARAHAN LA 70123
Christopher Theron Usher	officer: EVP & COO, GeoScience	4203 YOAKUM BLVD SUITE 100 HOUSTON TX 77006
Michael L Morrison	officer: Controller	4203 YOAKUM BLVD, SUITE 100, HOUSTON TX 77042
Dale J Lambert	officer: EVP, Operations Optimization	4203 YOAKUM BLVD SUITE 100 HOUSTON TX 77006
Michael Y Mcgovern	director	700 LOUISIANA, STE 4300, HOUSTON TX 77002
Tina L Val	director	2826 KINGS RETREAT CIRCLE, KINGWOOD TX 77345
R Brian Hanson	officer: Exec. VP & CFO	ION GEOPHYSICAL CORPORATION 2105 CITYWEST, BLDG 3, SUITE 100 HOUSTON TX 77042-2855