Shelf Drilling (North Sea) (OSL:SDNS) Inventory Turnover : 0.00 (As of Dec. 2023)

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What is Shelf Drilling (North Sea) 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. Shelf Drilling (North Sea)'s Cost of Goods Sold for the three months ended in Dec. 2023 was kr49 Mil. Shelf Drilling (North Sea)'s Average Total Inventories for the quarter that ended in Dec. 2023 was kr0 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Shelf Drilling (North Sea)'s Days Inventory for the three months ended in Dec. 2023 was 0.00.

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. Shelf Drilling (North Sea)'s Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.00.

Shelf Drilling (North Sea) Inventory Turnover Historical Data

The historical data trend for Shelf Drilling (North Sea)'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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Shelf Drilling (North Sea) Inventory Turnover Chart

Shelf Drilling (North Sea) Annual Data

Trend

Dec21

Dec22

Dec23

Inventory Turnover

Shelf Drilling (North Sea) Quarterly Data
	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Inventory Turnover	Get a 7-Day Free Trial					-	-	-	-	-

Shelf Drilling (North Sea) Inventory Turnover Calculation

Shelf Drilling (North Sea)'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 )
=	196.219	/ (	(0	+	0)	/	1 )
=	196.219	/	0
=	N/A

Shelf Drilling (North Sea)'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 )
=	48.527	/ (	(0	+	0)	/	1 )
=	48.527	/	0
=	N/A

Shelf Drilling (North Sea) (OSL:SDNS) 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.

Shelf Drilling (North Sea)'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
	=	0	/	48.527	*	365 / 4
	=	0.00

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.

Shelf Drilling (North Sea)'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 )
	=	0	/	320.702
	=	0.00

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.

Shelf Drilling (North Sea) Inventory Turnover Related Terms

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Shelf Drilling (North Sea) (OSL:SDNS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Shelf Drilling (North Sea) Ltd (OSL:SDNS) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Lakes Towers, JLT, Floor 12, P.O. Box 212201, Jumeirah, Dubai, ARE

Website

https://www.shelfdrillingnorthsea.com

Shelf Drilling (North Sea) Ltd is a shallow-water offshore drilling contractor operating primarily in the North Sea. It is engaged in the provision of equipment and services for the drilling, completion and well maintenance of shallow water offshore oil and natural gas wells. The Group is primarily engaged in development and workover activity on producing assets, with a focus on shallow water operations in water depths of up to 500 feet.

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