Eidesvik Offshore ASA (OSL:EIOF) Inventory Turnover : 68.75 (As of Dec. 2023)

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What is Eidesvik Offshore ASA 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. Eidesvik Offshore ASA's Cost of Goods Sold for the three months ended in Dec. 2023 was kr145.3 Mil. Eidesvik Offshore ASA's Average Total Inventories for the quarter that ended in Dec. 2023 was kr2.1 Mil. Eidesvik Offshore ASA's Inventory Turnover for the quarter that ended in Dec. 2023 was 68.75.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Eidesvik Offshore ASA's Days Inventory for the three months ended in Dec. 2023 was 1.33.

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. Eidesvik Offshore ASA's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.01.

Eidesvik Offshore ASA Inventory Turnover Historical Data

The historical data trend for Eidesvik Offshore ASA'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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Eidesvik Offshore ASA Inventory Turnover Chart

Eidesvik Offshore ASA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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31.86

20.01

15.07

11.78

25.94

Eidesvik Offshore ASA Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															7.34	1.84	-	-	68.75

Eidesvik Offshore ASA Inventory Turnover Calculation

Eidesvik Offshore ASA's Inventory Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Inventory Turnover (A: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2023 )	/ (	(Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )
=	257.662	/ (	(17.756	+	2.113)	/	2 )
=	257.662	/	9.9345
=	25.94

Eidesvik Offshore ASA's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

	Inventory Turnover (Q: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2023 )	/ (	(Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	145.271	/ (	(0	+	2.113)	/	1 )
=	145.271	/	2.113
=	68.75

Eidesvik Offshore ASA (OSL:EIOF) 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.

Eidesvik Offshore ASA's Days Inventory for the three months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	2.113	/	145.271	*	365 / 4
	=	1.33

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.

Eidesvik Offshore ASA's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	2.113	/	190.636
	=	0.01

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.

Eidesvik Offshore ASA Inventory Turnover Related Terms

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Eidesvik Offshore ASA (OSL:EIOF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Eidesvik Offshore ASA (OSL:EIOF) » Definitions » Inventory Turnover

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Traded in Other Exchanges

EIOFO:Sweden E1V:Germany

Address

Vestvikvegen 1, Bomlo, NOR, NO-5443

Website

https://www.eidesvik.no

Eidesvik Offshore ASA is a Norway based shipping company engaged in offering services in the maritime sector. The group operates ships in the business areas of Seismic, Subsea, Supply and Other. The Seismic segment provides shipping services to customers that produce seismic data. The ships belonging to Seismic segment operates all over the world according to customer needs. The Subsea segment provides shipping services for subsea work for the oil industry and its ships are adapted for work such as underwater inspection, maintenance, and construction. The Supply segment supplies services to the oil industry offshore.

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