Diamond Offshore Drilling OLD (Diamond Offshore Drilling OLD) Inventory Turnover : 0.00 (As of Dec. 2021)

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What is Diamond Offshore Drilling OLD Inventory Turnover?

Inventory Turnover measures how fast the company turns over its inventory within a year. It is calculated as Cost of Goods Sold divided by Total Inventories. Diamond Offshore Drilling OLD's Cost of Goods Sold for the three months ended in Dec. 2021 was $0.00 Mil. Diamond Offshore Drilling OLD's Average Total Inventories for the quarter that ended in Dec. 2021 was $3.48 Mil. Diamond Offshore Drilling OLD's Inventory Turnover for the quarter that ended in Dec. 2021 was 0.00.

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

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.

Diamond Offshore Drilling OLD Inventory Turnover Historical Data

The historical data trend for Diamond Offshore Drilling OLD's Inventory Turnover 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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Diamond Offshore Drilling OLD Inventory Turnover Chart

Diamond Offshore Drilling OLD Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Inventory Turnover

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44.09

44.31

62.02

63.36

Diamond Offshore Drilling OLD Quarterly Data
	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21
Inventory Turnover	Get a 7-Day Free Trial															17.26	17.81	-	39.44	-

Diamond Offshore Drilling OLD Inventory Turnover Calculation

Diamond Offshore Drilling OLD's Inventory Turnover for the fiscal year that ended in Dec. 2021 is calculated as

	Inventory Turnover (A: Dec. 2021 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2021 )	/ (	(Total Inventories (A: Dec. 2020 )	+	Total Inventories (A: Dec. 2021 ))	/	count )
=	0	/ (	(12.606	+	3.716)	/	2 )
=	0	/	8.161
=	0.00

Diamond Offshore Drilling OLD's Inventory Turnover for the quarter that ended in Dec. 2021 is calculated as

	Inventory Turnover (Q: Dec. 2021 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2021 )	/ (	(Total Inventories (Q: Sep. 2021 )	+	Total Inventories (Q: Dec. 2021 ))	/	count )
=	0	/ (	(3.251	+	3.716)	/	2 )
=	0	/	3.4835
=	0.00

Diamond Offshore Drilling OLD (OTCPK:DODRW) Inventory Turnover Explanation

Inventory Turnover measures how fast the company turns over its inventory within a year. A higher Inventory Turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.

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

Diamond Offshore Drilling OLD's Days Inventory for the three months ended in Dec. 2021 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2021 )	/	Cost of Goods Sold (Q: Dec. 2021 )	*	Days in Period
	=	3.4835	/	0	*	365 / 4
	=

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.

Diamond Offshore Drilling OLD's Inventory to Revenue for the quarter that ended in Dec. 2021 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2021 )	/	Revenue (Q: Dec. 2021 )
	=	3.4835	/	0
	=

Be Aware

Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate Inventory Turnover. An average inventory is a better indication.

Diamond Offshore Drilling OLD Inventory Turnover Related Terms

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Diamond Offshore Drilling OLD (Diamond Offshore Drilling OLD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Diamond Offshore Drilling Inc. OLD (OTCPK:DODRW) » Definitions » Inventory Turnover

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Traded in Other Exchanges

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Address

15415 Katy Freeway, Suite 100, Houston, TX, USA, 77094

Website

https://www.diamondoffshore.com

Diamond Offshore Drilling Inc. OLD provides contract drilling services to the energy industry around the globe with a fleet of 14 offshore drilling rigs, consisting of four drillships and eight owned semisubmersible rigs and two managed rigs. It generates revenues from the U.S, Senegal, Spain Brazil, the UK, Australia, Malaysia and other countries.