Nabors Industries Ltd (NBR)
Days of inventory on hand (DOH)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | 13.77 | 14.81 | 11.87 | 10.42 | 13.81 | |
| DOH | days | 26.52 | 24.65 | 30.76 | 35.04 | 26.43 |
December 31, 2023 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 13.77
= 26.52
The days of inventory on hand (DOH) for Nabors Industries Ltd has fluctuated over the past five years. In 2023, the DOH stood at 30.13 days, which was higher compared to the previous year where it was 28.03 days. This implies that the company held inventory for a slightly longer period in 2023.
In 2021, the DOH was 35.86 days, higher than 2020's 43.97 days, indicating an improvement in managing inventory levels more efficiently. However, in 2019, the DOH was lower at 33.36 days.
Overall, it is essential for Nabors Industries Ltd to continue monitoring and optimizing its inventory management practices to ensure efficient utilization of resources and improved cash flow.
Peer comparison
Dec 31, 2023