Stock Analysis on Net
Stock Analysis on Net

National Oilwell Varco Inc. (NYSE:NOV)

This company has been moved to the archive! The financial data has not been updated since August 3, 2016.

Analysis of Short-term (Operating) Activity Ratios 
Quarterly Data

Microsoft Excel

Activity ratios measure how efficiently a company performs day-to-day tasks, such us the collection of receivables and management of inventory.

Short-term Activity Ratios (Summary)

National Oilwell Varco Inc., short-term (operating) activity ratios (quarterly data)

Microsoft Excel
Jun 30, 2016 Mar 31, 2016 Dec 31, 2015 Sep 30, 2015 Jun 30, 2015 Mar 31, 2015 Dec 31, 2014 Sep 30, 2014 Jun 30, 2014 Mar 31, 2014 Dec 31, 2013 Sep 30, 2013 Jun 30, 2013 Mar 31, 2013 Dec 31, 2012 Sep 30, 2012 Jun 30, 2012 Mar 31, 2012 Dec 31, 2011 Sep 30, 2011 Jun 30, 2011 Mar 31, 2011
Turnover Ratios
Inventory turnover 2.01 2.20 2.50 2.61 2.77 2.91 2.96 2.95 3.16 2.99 3.10 2.80 2.73 2.56 2.50 2.24 2.19 2.44 2.52 — — —
Receivables turnover 4.86 5.48 5.04 5.34 5.76 5.31 4.86 4.89 4.99 4.23 4.67 4.66 4.95 4.92 4.64 4.62 4.41 4.75 4.45 — — —
Payables turnover 19.89 21.40 18.77 18.47 17.63 15.87 13.15 12.81 13.92 12.18 13.63 12.95 13.49 12.24 12.25 9.81 9.51 10.93 11.28 — — —
Working capital turnover 1.59 1.83 1.95 2.29 2.36 2.48 2.44 2.31 2.43 2.22 2.35 2.25 2.28 2.23 2.00 2.33 2.61 2.14 2.19 — — —
Average No. Days
Average inventory processing period 181 166 146 140 132 125 123 124 116 122 118 131 134 143 146 163 167 150 145 — — —
Add: Average receivable collection period 75 67 72 68 63 69 75 75 73 86 78 78 74 74 79 79 83 77 82 — — —
Operating cycle 256 233 218 208 195 194 198 199 189 208 196 209 208 217 225 242 250 227 227 — — —
Less: Average payables payment period 18 17 19 20 21 23 28 28 26 30 27 28 27 30 30 37 38 33 32 — — —
Cash conversion cycle 238 216 199 188 174 171 170 171 163 178 169 181 181 187 195 205 212 194 195 — — —

Based on: 10-Q (reporting date: 2016-06-30), 10-Q (reporting date: 2016-03-31), 10-K (reporting date: 2015-12-31), 10-Q (reporting date: 2015-09-30), 10-Q (reporting date: 2015-06-30), 10-Q (reporting date: 2015-03-31), 10-K (reporting date: 2014-12-31), 10-Q (reporting date: 2014-09-30), 10-Q (reporting date: 2014-06-30), 10-Q (reporting date: 2014-03-31), 10-K (reporting date: 2013-12-31), 10-Q (reporting date: 2013-09-30), 10-Q (reporting date: 2013-06-30), 10-Q (reporting date: 2013-03-31), 10-K (reporting date: 2012-12-31), 10-Q (reporting date: 2012-09-30), 10-Q (reporting date: 2012-06-30), 10-Q (reporting date: 2012-03-31), 10-K (reporting date: 2011-12-31), 10-Q (reporting date: 2011-09-30), 10-Q (reporting date: 2011-06-30), 10-Q (reporting date: 2011-03-31).

Short-term activity ratio Description The company
Inventory turnover An activity ratio calculated as cost of goods sold divided by inventory. National Oilwell Varco Inc. inventory turnover ratio deteriorated from Q4 2015 to Q1 2016 and from Q1 2016 to Q2 2016.
Receivables turnover An activity ratio equal to revenue divided by receivables. National Oilwell Varco Inc. receivables turnover ratio improved from Q4 2015 to Q1 2016 but then deteriorated significantly from Q1 2016 to Q2 2016.
Payables turnover An activity ratio calculated as cost of goods sold divided by payables. National Oilwell Varco Inc. payables turnover ratio increased from Q4 2015 to Q1 2016 but then slightly decreased from Q1 2016 to Q2 2016 not reaching Q4 2015 level.
Working capital turnover An activity ratio calculated as revenue divided by working capital. National Oilwell Varco Inc. working capital turnover ratio deteriorated from Q4 2015 to Q1 2016 and from Q1 2016 to Q2 2016.
Short-term activity ratio Description The company
Average inventory processing period An activity ratio equal to the number of days in the period divided by inventory turnover over the period. National Oilwell Varco Inc. number of days of inventory outstanding deteriorated from Q4 2015 to Q1 2016 and from Q1 2016 to Q2 2016.
Average receivable collection period An activity ratio equal to the number of days in the period divided by receivables turnover. National Oilwell Varco Inc. number of days of receivables outstanding improved from Q4 2015 to Q1 2016 but then deteriorated significantly from Q1 2016 to Q2 2016.
Operating cycle Equal to average inventory processing period plus average receivables collection period. National Oilwell Varco Inc. operating cycle deteriorated from Q4 2015 to Q1 2016 and from Q1 2016 to Q2 2016.
Average payables payment period An estimate of the average number of days it takes a company to pay its suppliers; equal to the number of days in the period divided by payables turnover ratio for the period.
Cash conversion cycle A financial metric that measures the length of time required for a company to convert cash invested in its operations to cash received as a result of its operations; equal to average inventory processing period plus average receivables collection period minus average payables payment period. National Oilwell Varco Inc. cash conversion cycle deteriorated from Q4 2015 to Q1 2016 and from Q1 2016 to Q2 2016.

Inventory Turnover

National Oilwell Varco Inc., inventory turnover calculation (quarterly data)

Microsoft Excel
Jun 30, 2016 Mar 31, 2016 Dec 31, 2015 Sep 30, 2015 Jun 30, 2015 Mar 31, 2015 Dec 31, 2014 Sep 30, 2014 Jun 30, 2014 Mar 31, 2014 Dec 31, 2013 Sep 30, 2013 Jun 30, 2013 Mar 31, 2013 Dec 31, 2012 Sep 30, 2012 Jun 30, 2012 Mar 31, 2012 Dec 31, 2011 Sep 30, 2011 Jun 30, 2011 Mar 31, 2011
Selected Financial Data (US$ in millions)
Cost of revenue 1,689 1,945 2,363 2,634 3,054 3,643 4,173 4,059 3,800 3,599 4,675 4,327 4,335 4,043 4,290 3,948 3,428 3,036 2,984 2,576 2,430 2,171
Inventories, net 4,287 4,534 4,678 5,172 5,394 5,378 5,281 5,464 5,198 5,659 5,603 6,078 6,083 6,135 5,891 5,989 5,501 4,528 4,030 3,907 3,756 3,570
Short-term Activity Ratio
Inventory turnover1 2.01 2.20 2.50 2.61 2.77 2.91 2.96 2.95 3.16 2.99 3.10 2.80 2.73 2.56 2.50 2.24 2.19 2.44 2.52 — — —
Benchmarks
Inventory Turnover, Competitors2
Schlumberger Ltd. — — — — — — — — — — — — — — — — — — — — — —

Based on: 10-Q (reporting date: 2016-06-30), 10-Q (reporting date: 2016-03-31), 10-K (reporting date: 2015-12-31), 10-Q (reporting date: 2015-09-30), 10-Q (reporting date: 2015-06-30), 10-Q (reporting date: 2015-03-31), 10-K (reporting date: 2014-12-31), 10-Q (reporting date: 2014-09-30), 10-Q (reporting date: 2014-06-30), 10-Q (reporting date: 2014-03-31), 10-K (reporting date: 2013-12-31), 10-Q (reporting date: 2013-09-30), 10-Q (reporting date: 2013-06-30), 10-Q (reporting date: 2013-03-31), 10-K (reporting date: 2012-12-31), 10-Q (reporting date: 2012-09-30), 10-Q (reporting date: 2012-06-30), 10-Q (reporting date: 2012-03-31), 10-K (reporting date: 2011-12-31), 10-Q (reporting date: 2011-09-30), 10-Q (reporting date: 2011-06-30), 10-Q (reporting date: 2011-03-31).

1 Q2 2016 Calculation
Inventory turnover = (Cost of revenueQ2 2016 + Cost of revenueQ1 2016 + Cost of revenueQ4 2015 + Cost of revenueQ3 2015) ÷ Inventories, net
= (1,689 + 1,945 + 2,363 + 2,634) ÷ 4,287 = 2.01

2 Click competitor name to see calculations.

Short-term activity ratio Description The company
Inventory turnover An activity ratio calculated as cost of goods sold divided by inventory. National Oilwell Varco Inc. inventory turnover ratio deteriorated from Q4 2015 to Q1 2016 and from Q1 2016 to Q2 2016.

Receivables Turnover

National Oilwell Varco Inc., receivables turnover calculation (quarterly data)

Microsoft Excel
Jun 30, 2016 Mar 31, 2016 Dec 31, 2015 Sep 30, 2015 Jun 30, 2015 Mar 31, 2015 Dec 31, 2014 Sep 30, 2014 Jun 30, 2014 Mar 31, 2014 Dec 31, 2013 Sep 30, 2013 Jun 30, 2013 Mar 31, 2013 Dec 31, 2012 Sep 30, 2012 Jun 30, 2012 Mar 31, 2012 Dec 31, 2011 Sep 30, 2011 Jun 30, 2011 Mar 31, 2011
Selected Financial Data (US$ in millions)
Revenue 1,724 2,189 2,722 3,306 3,909 4,820 5,709 5,587 5,255 4,889 6,172 5,789 5,601 5,307 5,685 5,319 4,734 4,303 4,259 3,740 3,513 3,146
Receivables, net 2,044 2,212 2,926 3,325 3,476 4,024 4,416 4,482 4,427 5,310 4,896 4,801 4,424 4,279 4,320 4,033 3,860 3,330 3,291 3,109 2,849 2,757
Short-term Activity Ratio
Receivables turnover1 4.86 5.48 5.04 5.34 5.76 5.31 4.86 4.89 4.99 4.23 4.67 4.66 4.95 4.92 4.64 4.62 4.41 4.75 4.45 — — —
Benchmarks
Receivables Turnover, Competitors2
Schlumberger Ltd. — — — — — — — — — — — — — — — — — — — — — —

Based on: 10-Q (reporting date: 2016-06-30), 10-Q (reporting date: 2016-03-31), 10-K (reporting date: 2015-12-31), 10-Q (reporting date: 2015-09-30), 10-Q (reporting date: 2015-06-30), 10-Q (reporting date: 2015-03-31), 10-K (reporting date: 2014-12-31), 10-Q (reporting date: 2014-09-30), 10-Q (reporting date: 2014-06-30), 10-Q (reporting date: 2014-03-31), 10-K (reporting date: 2013-12-31), 10-Q (reporting date: 2013-09-30), 10-Q (reporting date: 2013-06-30), 10-Q (reporting date: 2013-03-31), 10-K (reporting date: 2012-12-31), 10-Q (reporting date: 2012-09-30), 10-Q (reporting date: 2012-06-30), 10-Q (reporting date: 2012-03-31), 10-K (reporting date: 2011-12-31), 10-Q (reporting date: 2011-09-30), 10-Q (reporting date: 2011-06-30), 10-Q (reporting date: 2011-03-31).

1 Q2 2016 Calculation
Receivables turnover = (RevenueQ2 2016 + RevenueQ1 2016 + RevenueQ4 2015 + RevenueQ3 2015) ÷ Receivables, net
= (1,724 + 2,189 + 2,722 + 3,306) ÷ 2,044 = 4.86

2 Click competitor name to see calculations.

Short-term activity ratio Description The company
Receivables turnover An activity ratio equal to revenue divided by receivables. National Oilwell Varco Inc. receivables turnover ratio improved from Q4 2015 to Q1 2016 but then deteriorated significantly from Q1 2016 to Q2 2016.

Payables Turnover

National Oilwell Varco Inc., payables turnover calculation (quarterly data)

Microsoft Excel
Jun 30, 2016 Mar 31, 2016 Dec 31, 2015 Sep 30, 2015 Jun 30, 2015 Mar 31, 2015 Dec 31, 2014 Sep 30, 2014 Jun 30, 2014 Mar 31, 2014 Dec 31, 2013 Sep 30, 2013 Jun 30, 2013 Mar 31, 2013 Dec 31, 2012 Sep 30, 2012 Jun 30, 2012 Mar 31, 2012 Dec 31, 2011 Sep 30, 2011 Jun 30, 2011 Mar 31, 2011
Selected Financial Data (US$ in millions)
Cost of revenue 1,689 1,945 2,363 2,634 3,054 3,643 4,173 4,059 3,800 3,599 4,675 4,327 4,335 4,043 4,290 3,948 3,428 3,036 2,984 2,576 2,430 2,171
Accounts payable 434 467 623 731 847 988 1,189 1,259 1,178 1,391 1,275 1,312 1,232 1,283 1,200 1,365 1,265 1,009 901 802 745 656
Short-term Activity Ratio
Payables turnover1 19.89 21.40 18.77 18.47 17.63 15.87 13.15 12.81 13.92 12.18 13.63 12.95 13.49 12.24 12.25 9.81 9.51 10.93 11.28 — — —

Based on: 10-Q (reporting date: 2016-06-30), 10-Q (reporting date: 2016-03-31), 10-K (reporting date: 2015-12-31), 10-Q (reporting date: 2015-09-30), 10-Q (reporting date: 2015-06-30), 10-Q (reporting date: 2015-03-31), 10-K (reporting date: 2014-12-31), 10-Q (reporting date: 2014-09-30), 10-Q (reporting date: 2014-06-30), 10-Q (reporting date: 2014-03-31), 10-K (reporting date: 2013-12-31), 10-Q (reporting date: 2013-09-30), 10-Q (reporting date: 2013-06-30), 10-Q (reporting date: 2013-03-31), 10-K (reporting date: 2012-12-31), 10-Q (reporting date: 2012-09-30), 10-Q (reporting date: 2012-06-30), 10-Q (reporting date: 2012-03-31), 10-K (reporting date: 2011-12-31), 10-Q (reporting date: 2011-09-30), 10-Q (reporting date: 2011-06-30), 10-Q (reporting date: 2011-03-31).

1 Q2 2016 Calculation
Payables turnover = (Cost of revenueQ2 2016 + Cost of revenueQ1 2016 + Cost of revenueQ4 2015 + Cost of revenueQ3 2015) ÷ Accounts payable
= (1,689 + 1,945 + 2,363 + 2,634) ÷ 434 = 19.89

Short-term activity ratio Description The company
Payables turnover An activity ratio calculated as cost of goods sold divided by payables. National Oilwell Varco Inc. payables turnover ratio increased from Q4 2015 to Q1 2016 but then slightly decreased from Q1 2016 to Q2 2016 not reaching Q4 2015 level.

Working Capital Turnover

National Oilwell Varco Inc., working capital turnover calculation (quarterly data)

Microsoft Excel
Jun 30, 2016 Mar 31, 2016 Dec 31, 2015 Sep 30, 2015 Jun 30, 2015 Mar 31, 2015 Dec 31, 2014 Sep 30, 2014 Jun 30, 2014 Mar 31, 2014 Dec 31, 2013 Sep 30, 2013 Jun 30, 2013 Mar 31, 2013 Dec 31, 2012 Sep 30, 2012 Jun 30, 2012 Mar 31, 2012 Dec 31, 2011 Sep 30, 2011 Jun 30, 2011 Mar 31, 2011
Selected Financial Data (US$ in millions)
Current assets 9,204 10,048 11,801 12,933 14,167 15,299 16,162 16,670 16,003 17,211 16,423 16,255 15,221 14,994 15,678 13,667 13,014 12,836 12,110 12,038 11,226 10,739
Less: Current liabilities 2,947 3,435 4,249 5,193 5,672 6,667 7,374 7,201 6,915 7,098 6,678 6,317 5,619 5,546 5,649 5,681 6,481 5,445 5,416 4,744 4,250 4,132
Working capital 6,257 6,613 7,552 7,740 8,495 8,632 8,788 9,469 9,088 10,113 9,745 9,938 9,602 9,448 10,029 7,986 6,533 7,391 6,694 7,294 6,976 6,607
 
Revenue 1,724 2,189 2,722 3,306 3,909 4,820 5,709 5,587 5,255 4,889 6,172 5,789 5,601 5,307 5,685 5,319 4,734 4,303 4,259 3,740 3,513 3,146
Short-term Activity Ratio
Working capital turnover1 1.59 1.83 1.95 2.29 2.36 2.48 2.44 2.31 2.43 2.22 2.35 2.25 2.28 2.23 2.00 2.33 2.61 2.14 2.19 — — —
Benchmarks
Working Capital Turnover, Competitors2
Schlumberger Ltd. — — — — — — — — — — — — — — — — — — — — — —

Based on: 10-Q (reporting date: 2016-06-30), 10-Q (reporting date: 2016-03-31), 10-K (reporting date: 2015-12-31), 10-Q (reporting date: 2015-09-30), 10-Q (reporting date: 2015-06-30), 10-Q (reporting date: 2015-03-31), 10-K (reporting date: 2014-12-31), 10-Q (reporting date: 2014-09-30), 10-Q (reporting date: 2014-06-30), 10-Q (reporting date: 2014-03-31), 10-K (reporting date: 2013-12-31), 10-Q (reporting date: 2013-09-30), 10-Q (reporting date: 2013-06-30), 10-Q (reporting date: 2013-03-31), 10-K (reporting date: 2012-12-31), 10-Q (reporting date: 2012-09-30), 10-Q (reporting date: 2012-06-30), 10-Q (reporting date: 2012-03-31), 10-K (reporting date: 2011-12-31), 10-Q (reporting date: 2011-09-30), 10-Q (reporting date: 2011-06-30), 10-Q (reporting date: 2011-03-31).

1 Q2 2016 Calculation
Working capital turnover = (RevenueQ2 2016 + RevenueQ1 2016 + RevenueQ4 2015 + RevenueQ3 2015) ÷ Working capital
= (1,724 + 2,189 + 2,722 + 3,306) ÷ 6,257 = 1.59

2 Click competitor name to see calculations.

Short-term activity ratio Description The company
Working capital turnover An activity ratio calculated as revenue divided by working capital. National Oilwell Varco Inc. working capital turnover ratio deteriorated from Q4 2015 to Q1 2016 and from Q1 2016 to Q2 2016.

Average Inventory Processing Period

National Oilwell Varco Inc., average inventory processing period calculation (quarterly data)

Microsoft Excel
Jun 30, 2016 Mar 31, 2016 Dec 31, 2015 Sep 30, 2015 Jun 30, 2015 Mar 31, 2015 Dec 31, 2014 Sep 30, 2014 Jun 30, 2014 Mar 31, 2014 Dec 31, 2013 Sep 30, 2013 Jun 30, 2013 Mar 31, 2013 Dec 31, 2012 Sep 30, 2012 Jun 30, 2012 Mar 31, 2012 Dec 31, 2011 Sep 30, 2011 Jun 30, 2011 Mar 31, 2011
Selected Financial Data
Inventory turnover 2.01 2.20 2.50 2.61 2.77 2.91 2.96 2.95 3.16 2.99 3.10 2.80 2.73 2.56 2.50 2.24 2.19 2.44 2.52 — — —
Short-term Activity Ratio (no. days)
Average inventory processing period1 181 166 146 140 132 125 123 124 116 122 118 131 134 143 146 163 167 150 145 — — —
Benchmarks (no. days)
Average Inventory Processing Period, Competitors2
Schlumberger Ltd. — — — — — — — — — — — — — — — — — — — — — —

Based on: 10-Q (reporting date: 2016-06-30), 10-Q (reporting date: 2016-03-31), 10-K (reporting date: 2015-12-31), 10-Q (reporting date: 2015-09-30), 10-Q (reporting date: 2015-06-30), 10-Q (reporting date: 2015-03-31), 10-K (reporting date: 2014-12-31), 10-Q (reporting date: 2014-09-30), 10-Q (reporting date: 2014-06-30), 10-Q (reporting date: 2014-03-31), 10-K (reporting date: 2013-12-31), 10-Q (reporting date: 2013-09-30), 10-Q (reporting date: 2013-06-30), 10-Q (reporting date: 2013-03-31), 10-K (reporting date: 2012-12-31), 10-Q (reporting date: 2012-09-30), 10-Q (reporting date: 2012-06-30), 10-Q (reporting date: 2012-03-31), 10-K (reporting date: 2011-12-31), 10-Q (reporting date: 2011-09-30), 10-Q (reporting date: 2011-06-30), 10-Q (reporting date: 2011-03-31).

1 Q2 2016 Calculation
Average inventory processing period = 365 ÷ Inventory turnover
= 365 ÷ 2.01 = 181

2 Click competitor name to see calculations.

Short-term activity ratio Description The company
Average inventory processing period An activity ratio equal to the number of days in the period divided by inventory turnover over the period. National Oilwell Varco Inc. number of days of inventory outstanding deteriorated from Q4 2015 to Q1 2016 and from Q1 2016 to Q2 2016.

Average Receivable Collection Period

National Oilwell Varco Inc., average receivable collection period calculation (quarterly data)

Microsoft Excel
Jun 30, 2016 Mar 31, 2016 Dec 31, 2015 Sep 30, 2015 Jun 30, 2015 Mar 31, 2015 Dec 31, 2014 Sep 30, 2014 Jun 30, 2014 Mar 31, 2014 Dec 31, 2013 Sep 30, 2013 Jun 30, 2013 Mar 31, 2013 Dec 31, 2012 Sep 30, 2012 Jun 30, 2012 Mar 31, 2012 Dec 31, 2011 Sep 30, 2011 Jun 30, 2011 Mar 31, 2011
Selected Financial Data
Receivables turnover 4.86 5.48 5.04 5.34 5.76 5.31 4.86 4.89 4.99 4.23 4.67 4.66 4.95 4.92 4.64 4.62 4.41 4.75 4.45 — — —
Short-term Activity Ratio (no. days)
Average receivable collection period1 75 67 72 68 63 69 75 75 73 86 78 78 74 74 79 79 83 77 82 — — —
Benchmarks (no. days)
Average Receivable Collection Period, Competitors2
Schlumberger Ltd. — — — — — — — — — — — — — — — — — — — — — —

Based on: 10-Q (reporting date: 2016-06-30), 10-Q (reporting date: 2016-03-31), 10-K (reporting date: 2015-12-31), 10-Q (reporting date: 2015-09-30), 10-Q (reporting date: 2015-06-30), 10-Q (reporting date: 2015-03-31), 10-K (reporting date: 2014-12-31), 10-Q (reporting date: 2014-09-30), 10-Q (reporting date: 2014-06-30), 10-Q (reporting date: 2014-03-31), 10-K (reporting date: 2013-12-31), 10-Q (reporting date: 2013-09-30), 10-Q (reporting date: 2013-06-30), 10-Q (reporting date: 2013-03-31), 10-K (reporting date: 2012-12-31), 10-Q (reporting date: 2012-09-30), 10-Q (reporting date: 2012-06-30), 10-Q (reporting date: 2012-03-31), 10-K (reporting date: 2011-12-31), 10-Q (reporting date: 2011-09-30), 10-Q (reporting date: 2011-06-30), 10-Q (reporting date: 2011-03-31).

1 Q2 2016 Calculation
Average receivable collection period = 365 ÷ Receivables turnover
= 365 ÷ 4.86 = 75

2 Click competitor name to see calculations.

Short-term activity ratio Description The company
Average receivable collection period An activity ratio equal to the number of days in the period divided by receivables turnover. National Oilwell Varco Inc. number of days of receivables outstanding improved from Q4 2015 to Q1 2016 but then deteriorated significantly from Q1 2016 to Q2 2016.

Operating Cycle

National Oilwell Varco Inc., operating cycle calculation (quarterly data)

No. days

Microsoft Excel
Jun 30, 2016 Mar 31, 2016 Dec 31, 2015 Sep 30, 2015 Jun 30, 2015 Mar 31, 2015 Dec 31, 2014 Sep 30, 2014 Jun 30, 2014 Mar 31, 2014 Dec 31, 2013 Sep 30, 2013 Jun 30, 2013 Mar 31, 2013 Dec 31, 2012 Sep 30, 2012 Jun 30, 2012 Mar 31, 2012 Dec 31, 2011 Sep 30, 2011 Jun 30, 2011 Mar 31, 2011
Selected Financial Data
Average inventory processing period 181 166 146 140 132 125 123 124 116 122 118 131 134 143 146 163 167 150 145 — — —
Average receivable collection period 75 67 72 68 63 69 75 75 73 86 78 78 74 74 79 79 83 77 82 — — —
Short-term Activity Ratio
Operating cycle1 256 233 218 208 195 194 198 199 189 208 196 209 208 217 225 242 250 227 227 — — —
Benchmarks
Operating Cycle, Competitors2
Schlumberger Ltd. — — — — — — — — — — — — — — — — — — — — — —

Based on: 10-Q (reporting date: 2016-06-30), 10-Q (reporting date: 2016-03-31), 10-K (reporting date: 2015-12-31), 10-Q (reporting date: 2015-09-30), 10-Q (reporting date: 2015-06-30), 10-Q (reporting date: 2015-03-31), 10-K (reporting date: 2014-12-31), 10-Q (reporting date: 2014-09-30), 10-Q (reporting date: 2014-06-30), 10-Q (reporting date: 2014-03-31), 10-K (reporting date: 2013-12-31), 10-Q (reporting date: 2013-09-30), 10-Q (reporting date: 2013-06-30), 10-Q (reporting date: 2013-03-31), 10-K (reporting date: 2012-12-31), 10-Q (reporting date: 2012-09-30), 10-Q (reporting date: 2012-06-30), 10-Q (reporting date: 2012-03-31), 10-K (reporting date: 2011-12-31), 10-Q (reporting date: 2011-09-30), 10-Q (reporting date: 2011-06-30), 10-Q (reporting date: 2011-03-31).

1 Q2 2016 Calculation
Operating cycle = Average inventory processing period + Average receivable collection period
= 181 + 75 = 256

2 Click competitor name to see calculations.

Short-term activity ratio Description The company
Operating cycle Equal to average inventory processing period plus average receivables collection period. National Oilwell Varco Inc. operating cycle deteriorated from Q4 2015 to Q1 2016 and from Q1 2016 to Q2 2016.

Average Payables Payment Period

National Oilwell Varco Inc., average payables payment period calculation (quarterly data)

Microsoft Excel
Jun 30, 2016 Mar 31, 2016 Dec 31, 2015 Sep 30, 2015 Jun 30, 2015 Mar 31, 2015 Dec 31, 2014 Sep 30, 2014 Jun 30, 2014 Mar 31, 2014 Dec 31, 2013 Sep 30, 2013 Jun 30, 2013 Mar 31, 2013 Dec 31, 2012 Sep 30, 2012 Jun 30, 2012 Mar 31, 2012 Dec 31, 2011 Sep 30, 2011 Jun 30, 2011 Mar 31, 2011
Selected Financial Data
Payables turnover 19.89 21.40 18.77 18.47 17.63 15.87 13.15 12.81 13.92 12.18 13.63 12.95 13.49 12.24 12.25 9.81 9.51 10.93 11.28 — — —
Short-term Activity Ratio (no. days)
Average payables payment period1 18 17 19 20 21 23 28 28 26 30 27 28 27 30 30 37 38 33 32 — — —

Based on: 10-Q (reporting date: 2016-06-30), 10-Q (reporting date: 2016-03-31), 10-K (reporting date: 2015-12-31), 10-Q (reporting date: 2015-09-30), 10-Q (reporting date: 2015-06-30), 10-Q (reporting date: 2015-03-31), 10-K (reporting date: 2014-12-31), 10-Q (reporting date: 2014-09-30), 10-Q (reporting date: 2014-06-30), 10-Q (reporting date: 2014-03-31), 10-K (reporting date: 2013-12-31), 10-Q (reporting date: 2013-09-30), 10-Q (reporting date: 2013-06-30), 10-Q (reporting date: 2013-03-31), 10-K (reporting date: 2012-12-31), 10-Q (reporting date: 2012-09-30), 10-Q (reporting date: 2012-06-30), 10-Q (reporting date: 2012-03-31), 10-K (reporting date: 2011-12-31), 10-Q (reporting date: 2011-09-30), 10-Q (reporting date: 2011-06-30), 10-Q (reporting date: 2011-03-31).

1 Q2 2016 Calculation
Average payables payment period = 365 ÷ Payables turnover
= 365 ÷ 19.89 = 18

Short-term activity ratio Description The company
Average payables payment period An estimate of the average number of days it takes a company to pay its suppliers; equal to the number of days in the period divided by payables turnover ratio for the period.

Cash Conversion Cycle

National Oilwell Varco Inc., cash conversion cycle calculation (quarterly data)

No. days

Microsoft Excel
Jun 30, 2016 Mar 31, 2016 Dec 31, 2015 Sep 30, 2015 Jun 30, 2015 Mar 31, 2015 Dec 31, 2014 Sep 30, 2014 Jun 30, 2014 Mar 31, 2014 Dec 31, 2013 Sep 30, 2013 Jun 30, 2013 Mar 31, 2013 Dec 31, 2012 Sep 30, 2012 Jun 30, 2012 Mar 31, 2012 Dec 31, 2011 Sep 30, 2011 Jun 30, 2011 Mar 31, 2011
Selected Financial Data
Average inventory processing period 181 166 146 140 132 125 123 124 116 122 118 131 134 143 146 163 167 150 145 — — —
Average receivable collection period 75 67 72 68 63 69 75 75 73 86 78 78 74 74 79 79 83 77 82 — — —
Average payables payment period 18 17 19 20 21 23 28 28 26 30 27 28 27 30 30 37 38 33 32 — — —
Short-term Activity Ratio
Cash conversion cycle1 238 216 199 188 174 171 170 171 163 178 169 181 181 187 195 205 212 194 195 — — —

Based on: 10-Q (reporting date: 2016-06-30), 10-Q (reporting date: 2016-03-31), 10-K (reporting date: 2015-12-31), 10-Q (reporting date: 2015-09-30), 10-Q (reporting date: 2015-06-30), 10-Q (reporting date: 2015-03-31), 10-K (reporting date: 2014-12-31), 10-Q (reporting date: 2014-09-30), 10-Q (reporting date: 2014-06-30), 10-Q (reporting date: 2014-03-31), 10-K (reporting date: 2013-12-31), 10-Q (reporting date: 2013-09-30), 10-Q (reporting date: 2013-06-30), 10-Q (reporting date: 2013-03-31), 10-K (reporting date: 2012-12-31), 10-Q (reporting date: 2012-09-30), 10-Q (reporting date: 2012-06-30), 10-Q (reporting date: 2012-03-31), 10-K (reporting date: 2011-12-31), 10-Q (reporting date: 2011-09-30), 10-Q (reporting date: 2011-06-30), 10-Q (reporting date: 2011-03-31).

1 Q2 2016 Calculation
Cash conversion cycle = Average inventory processing period + Average receivable collection period – Average payables payment period
= 181 + 75 – 18 = 238

Short-term activity ratio Description The company
Cash conversion cycle A financial metric that measures the length of time required for a company to convert cash invested in its operations to cash received as a result of its operations; equal to average inventory processing period plus average receivables collection period minus average payables payment period. National Oilwell Varco Inc. cash conversion cycle deteriorated from Q4 2015 to Q1 2016 and from Q1 2016 to Q2 2016.