Valaris Ltd (VAL)
Inventory turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 1,743,100 | 365,000 | 4,587,100 | 2,098,900 | 901,000 |
| Inventory | US$ in thousands | 163,200 | 24,400 | 279,400 | 340,100 | 268,100 |
| Inventory turnover | 10.68 | 14.96 | 16.42 | 6.17 | 3.36 |
December 31, 2023 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $1,743,100K ÷ $163,200K
= 10.68
To calculate Valaris Ltd's inventory turnover for the years ending on December 31, we would need specific financial data related to inventory levels and cost of goods sold. Without this data available, we cannot compute the inventory turnover ratio. The inventory turnover ratio measures how efficiently a company manages its inventory by indicating how many times the company sells and replaces its inventory during a specific period.
If you could provide the necessary figures for inventory levels and cost of goods sold, we would be able to calculate the inventory turnover and provide a more detailed analysis of Valaris Ltd's inventory management efficiency.
Peer comparison
Dec 31, 2023