Valaris Ltd (VAL)
Inventory turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 1,883,000 | 1,644,700 | 1,474,400 | 1,298,000 | 2,011,200 |
| Inventory | US$ in thousands | — | 163,200 | 24,400 | 35,900 | 279,400 |
| Inventory turnover | — | 10.08 | 60.43 | 36.16 | 7.20 |
December 31, 2024 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $1,883,000K ÷ $—K
= —
Valaris Ltd's inventory turnover has exhibited fluctuations over the years as per the data provided.
- As of December 31, 2020, the inventory turnover stood at 7.20, indicating that on average, the company's inventory was sold and replenished 7.20 times throughout the year.
- There was a significant increase in inventory turnover by the end of December 31, 2021, reaching 36.16, reflecting a more efficient management of inventory where the goods were sold and replenished 36.16 times in the year.
- By December 31, 2022, the inventory turnover rose even further to 60.43, showcasing a remarkable improvement in the company's ability to sell and restock inventory multiple times within the year.
- However, by December 31, 2023, the inventory turnover dropped to 10.08, indicating a decrease in the frequency of inventory turnover compared to the previous year.
- Unfortunately, the data for December 31, 2024, was unavailable (denoted by "—"), making it challenging to assess the inventory turnover trend for that period.
In summary, Valaris Ltd's inventory turnover has shown varying levels of efficiency in managing its inventory over the years, with notable improvements in certain periods and a slight decline at others. The company should continue to monitor and optimize its inventory management practices to maintain a healthy turnover ratio.
Peer comparison
Dec 31, 2024