Valaris Ltd (VAL)
Inventory turnover
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 1,719,800 | 1,460,600 | 1,057,600 | 705,000 | 340,800 | 258,200 | 272,000 | 229,600 | 1,091,200 | 1,323,300 | 1,463,200 | 2,462,900 | 4,590,100 | 4,778,500 | 4,874,300 | 4,086,900 | 1,215,400 | 881,300 | 739,700 | 644,900 |
| Inventory | US$ in thousands | 163,200 | 16,200 | 18,000 | 21,500 | 24,400 | 154,000 | 23,800 | 126,000 | 0 | 0 | 0 | 269,700 | 279,400 | 293,100 | 303,000 | 308,900 | 340,100 | 347,100 | 360,700 | 263,800 |
| Inventory turnover | 10.54 | 90.16 | 58.76 | 32.79 | 13.97 | 1.68 | 11.43 | 1.82 | — | — | — | 9.13 | 16.43 | 16.30 | 16.09 | 13.23 | 3.57 | 2.54 | 2.05 | 2.44 |
December 31, 2023 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $1,719,800K ÷ $163,200K
= 10.54
As the inventory turnover ratio for Valaris Ltd is not provided in the table, it is not possible to conduct a direct analysis of this particular financial metric. The inventory turnover ratio is a crucial indicator of how efficiently a company manages its inventory levels and how quickly it sells its products. A high inventory turnover ratio typically indicates strong sales and efficient inventory management, while a low ratio may suggest overstocking or slow sales.
To assess the performance of Valaris Ltd in terms of inventory turnover, it would be necessary to calculate the ratio using the formula:
Inventory Turnover = Cost of Goods Sold / Average Inventory
By obtaining data on the cost of goods sold and average inventory levels for the periods specified in the table, the inventory turnover ratio can be calculated and interpreted to provide insights into the company's operational efficiency and inventory management practices.
Peer comparison
Dec 31, 2023
Dec 31, 2023