ION Geophysical (FRA:IO8N) Inventory Turnover : 2.09 (As of Sep. 2021)

View and export this data going back to 2004. Start your Free Trial

What is ION Geophysical 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. ION Geophysical's Cost of Goods Sold for the three months ended in Sep. 2021 was €18.84 Mil. ION Geophysical's Average Total Inventories for the quarter that ended in Sep. 2021 was €9.01 Mil. ION Geophysical's Inventory Turnover for the quarter that ended in Sep. 2021 was 2.09.

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 43.65.

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 Inventory-to-Revenue for the quarter that ended in Sep. 2021 was 0.24.

ION Geophysical Inventory Turnover Historical Data

The historical data trend for ION Geophysical'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.

* Premium members only.

ION Geophysical Inventory Turnover Chart

ION Geophysical Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Inventory Turnover

Get a 7-Day Free Trial

5.83

7.71

8.58

8.82

6.58

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 Turnover	Get a 7-Day Free Trial															1.23	1.69	1.19	1.46	2.09

ION Geophysical Inventory Turnover Calculation

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

	Inventory Turnover (A: Dec. 2020 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2020 )	/ (	(Total Inventories (A: Dec. 2019 )	+	Total Inventories (A: Dec. 2020 ))	/	count )
=	66.596	/ (	(10.968	+	9.261)	/	2 )
=	66.596	/	10.1145
=	6.58

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

	Inventory Turnover (Q: Sep. 2021 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2021 )	/ (	(Total Inventories (Q: Jun. 2021 )	+	Total Inventories (Q: Sep. 2021 ))	/	count )
=	18.836	/ (	(8.95	+	9.072)	/	2 )
=	18.836	/	9.011
=	2.09

ION Geophysical (FRA:IO8N) 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.

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
	=	9.011	/	18.836	*	365 / 4
	=	43.65

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.

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

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2021 )	/	Revenue (Q: Sep. 2021 )
	=	9.011	/	37.732
	=	0.24

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.

ION Geophysical Inventory Turnover Related Terms

Thank you for viewing the detailed overview of ION Geophysical's Inventory Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

ION Geophysical (FRA:IO8N) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » ION Geophysical Corp (FRA:IO8N) » Definitions » Inventory Turnover

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.

ION Geophysical (FRA:IO8N) Headlines

No Headlines