VTDRF (Vantage Drilling International) Inventory Turnover: 7.09 (As of Dec. 2022)


VTDRF Vantage Drilling International Ltd VTDRF
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What is Vantage Drilling International Inventory Turnover?

Vantage Drilling International VTDRF 8 Inventory Turnover is 7.09 as of Dec. 2022. GuruFocus rates VTDRF with a GF Score™ of 8/100.

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. Vantage Drilling International's Cost of Goods Sold for the six months ended in Dec. 2022 was $279.3 Mil. Vantage Drilling International's Average Total Inventories for the quarter that ended in Dec. 2022 was $39.4 Mil. Vantage Drilling International's Inventory Turnover for the quarter that ended in Dec. 2022 was 7.09.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Vantage Drilling International's Days Inventory for the six months ended in Dec. 2022 was 25.76.

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. Vantage Drilling International's Inventory-to-Revenue for the quarter that ended in Dec. 2022 was 0.14.

Vantage Drilling International  (OTCPK:VTDRF) 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.

Vantage Drilling International's Days Inventory for the six months ended in Dec. 2022 is calculated as:

Days Inventory =Average Total Inventories (Q: Dec. 2022 )/Cost of Goods Sold (Q: Dec. 2022 )*Days in Period
=39.415/279.26*365 / 2
=25.76

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.

Vantage Drilling International's Inventory to Revenue for the quarter that ended in Dec. 2022 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Dec. 2022 ) / Revenue (Q: Dec. 2022 )
=39.415 / 278.716
=0.14

* 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.

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.

Vantage Drilling International Inventory Turnover Related Terms

Vantage Drilling International Inventory Turnover Historical Data

* Premium members only.

The historical data trend for Vantage Drilling International'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.

Vantage Drilling International Inventory Turnover Chart

Vantage Drilling International Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Inventory Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.42 4.93 4.44 4.73 7.09

Vantage Drilling International Semi-Annual Data
Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Inventory Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 5.42 4.93 4.44 4.73 7.09
VTDRF
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Vantage Drilling International Ltd VTDRF
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Vantage Drilling International Inventory Turnover Calculation

Vantage Drilling International's Inventory Turnover for the fiscal year that ended in Dec. 2022 is calculated as

Inventory Turnover (A: Dec. 2022 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (A: Dec. 2022 ) / ((Total Inventories (A: Dec. 2021 ) + Total Inventories (A: Dec. 2022 )) / count )
=279.26 / ((37.58 + 41.25) / 2 )
=279.26 / 39.415
=7.09

Vantage Drilling International's Inventory Turnover for the quarter that ended in Dec. 2022 is calculated as

Inventory Turnover (Q: Dec. 2022 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (Q: Dec. 2022 ) / ((Total Inventories (Q: Dec. 2021 ) + Total Inventories (Q: Dec. 2022 )) / count )
=279.26 / ((37.58 + 41.25) / 2 )
=279.26 / 39.415
=7.09

* 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.

Frequently Asked Questions Learn more about Inventory Turnover →
What does a Inventory Turnover of 7.09 mean?
Vantage Drilling International (VTDRF) has a Inventory Turnover of 7.09 as of Dec. 2022. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Vantage Drilling International and its competitors.
Is Vantage Drilling International's Inventory Turnover too high?
Vantage Drilling International's current Inventory Turnover is 7.09. Overall, Vantage Drilling International has a GF Score™ of 8/100, reflecting its overall financial health beyond just this single metric.
How does Vantage Drilling International's Inventory Turnover compare to SOC and NBR?
Vantage Drilling International's Inventory Turnover of 7.09 can be compared against companies in the Oil & Gas industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Inventory Turnover for an Oil & Gas company?
A good Inventory Turnover depends on the Oil & Gas industry context. However, Inventory Turnover should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Inventory Turnover mean?
A high Inventory Turnover can signal that a stock is expensive relative to its fundamentals. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Vantage Drilling International and its competitors. Vantage Drilling International's current Inventory Turnover is 7.09. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Vantage Drilling International stock overvalued right now?
Vantage Drilling International (VTDRF) has a current Inventory Turnover of 7.09. The current Inventory Turnover is 7.09. Vantage Drilling International's overall GF Score™ is 8/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Inventory Turnover calculated?
Inventory Turnover is calculated from a company's financial statements. For Vantage Drilling International (VTDRF), the current Inventory Turnover is 7.09 as of Dec. 2022. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Vantage Drilling International Business Description

Industry EnergyOil & Gas
Other Exchanges VDI:Norway
Address 777 Post Oak Boulevard, Suite 440, Houston, TX, USA, 77056
Vantage Drilling International Ltd is an international offshore drilling company engaged in providing contract drilling services and related support services. The company operates through two segments: Drilling Services, which includes activities related to owned rigs, and Managed Services, which involves managing and supporting rigs owned by third parties. It mainly provides offshore drilling services to oil and gas companies in international markets.
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