Nabors Industries Ltd (NBR)
Days of inventory on hand (DOH)
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | 13.77 | 14.15 | 13.46 | 13.81 | 14.81 | 13.79 | 13.92 | 11.97 | 11.87 | 9.18 | 8.04 | 7.73 | 10.13 | 12.90 | 14.60 | 15.62 | 14.34 | 13.56 | 13.76 | 14.18 | |
| DOH | days | 26.52 | 25.80 | 27.12 | 26.42 | 24.65 | 26.48 | 26.21 | 30.49 | 30.76 | 39.78 | 45.41 | 47.19 | 36.04 | 28.30 | 25.00 | 23.36 | 25.45 | 26.92 | 26.52 | 25.73 |
December 31, 2023 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 13.77
= 26.52
The Days of Inventory on Hand (DOH) for Nabors Industries Ltd have shown a consistent trend over the past eight quarters. The DOH ranged between 28.03 days to 35.23 days during this period. The average DOH for the quarters was approximately 30.43 days.
This indicates that, on average, Nabors Industries Ltd holds inventory for around 30.43 days before selling it. A lower DOH suggests efficient inventory management as the company is able to sell its inventory quickly, while a higher DOH may indicate that the company is holding onto inventory for a longer period, potentially tying up capital and increasing the risk of obsolescence.
Overall, Nabors Industries Ltd's DOH has been relatively stable with minor fluctuations, suggesting a consistent approach to managing inventory levels over the past two years.
Peer comparison
Dec 31, 2023