Vantage Drilling International (Vantage Drilling International) Change In Inventory : $-5.9 Mil (TTM As of Jun. 2023)

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What is Vantage Drilling International Change In Inventory?

Vantage Drilling International's change in inventory for the quarter that ended in Jun. 2023 was $-2.4 Mil. It means Vantage Drilling International's inventory increased by $2.4 Mil from Mar. 2023 to Jun. 2023 .

Vantage Drilling International's change in inventory for the fiscal year that ended in Dec. 2022 was $-4.2 Mil. It means Vantage Drilling International's inventory increased by $4.2 Mil from Dec. 2021 to Dec. 2022 .

Vantage Drilling International's Total Inventories for the quarter that ended in Jun. 2023 was $44.8 Mil.

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 quarter that ended in Jun. 2023 was 46.54.

Inventory Turnover measures how fast the company turns over its inventory within a year. Vantage Drilling International's Inventory Turnover for the quarter that ended in Jun. 2023 was 1.96.

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 Jun. 2023 was 0.40.

Vantage Drilling International Change In Inventory Historical Data

The historical data trend for Vantage Drilling International's Change In Inventory 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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Vantage Drilling International Change In Inventory Chart

Vantage Drilling International Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Change In Inventory

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1.91

-3.17

-1.85

-1.62

-4.16

Vantage Drilling International Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
Change In Inventory	Get a 7-Day Free Trial															-1.33	-0.41	-1.94	-1.13	-2.38

Vantage Drilling International Change In Inventory Calculation

Change In Inventory is the difference between last period's ending inventory and the current period's ending inventory.

Change In Inventory for the trailing twelve months (TTM) ended in Jun. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-5.9 Mil.

Vantage Drilling International (OTCPK:VTDRF) Change In Inventory Explanation

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 quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	43.57	/	85.428	*	365 / 4
	=	46.54

2. Inventory Turnover measures how fast the company turns over its inventory within a year.

Vantage Drilling International's Inventory Turnover for the quarter that ended in Jun. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	85.428	/	43.57
	=	1.96

3. 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 Jun. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	43.57	/	107.84
	=	0.40

Vantage Drilling International Change In Inventory Related Terms

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Vantage Drilling International (Vantage Drilling International) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Vantage Drilling International Ltd (OTCPK:VTDRF) » Definitions » Change In Inventory

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Traded in Other Exchanges

N/A

Address

c/o Vantage Energy Services, Inc., 777 Post Oak Boulevard, Suite 440, Houston, TX, USA, 77056

Website

https://www.vantagedrilling.com

Vantage Drilling International is an offshore drilling contractor. It operates and manages a fleet of drilling units. Its principal business is to contract drilling units, related equipment, and work crews on a day rate basis to drill oil and natural gas wells. Its rig fleet consists of ultra-deep-water drillships, including Platinum Explorer and Tungsten Explorer; and Jackups, including Topaz Driller and Soehanah. The company's geographical segments includes Drilling Services and Managed Services. It operates in Cayman Islands, Montenegro, Qatar, India, Indonesia, Lebanon, Congo, and Other Countries.

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