Patterson-UTI Energy's change in inventory for the quarter that ended in Dec. 2023 was $-1 Mil. It means Patterson-UTI Energy's inventory
increased by $1 Mil
from Sep. 2023 to Dec. 2023 .
Patterson-UTI Energy's change in inventory for the fiscal year that ended in Dec. 2023 was $-31 Mil. It means Patterson-UTI Energy's inventory
increased by $31 Mil
from Dec. 2022 to Dec. 2023 .
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Patterson-UTI Energy's Days Inventory for the quarter that ended in Dec. 2023 was 11.99.
Inventory Turnover measures how fast the company turns over its inventory within a year.
Patterson-UTI Energy's Inventory Turnover for the quarter that ended in Dec. 2023 was 7.61.
Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.
Patterson-UTI Energy's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.12.
Patterson-UTI Energy Change In Inventory Historical Data
The historical data trend for Patterson-UTI Energy's Change In Inventory can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Patterson-UTI Energy Change In Inventory Calculation
Change In Inventory is the difference between last period's ending inventory and the current period's ending inventory.
Change In Inventory for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-31 Mil.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Patterson-UTI Energy (NAS:PTEN) Change In Inventory Explanation
1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Patterson-UTI Energy's Days Inventory for the quarter that ended in is calculated as:
3. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.
Patterson-UTI Energy's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Patterson-UTI Energy Change In Inventory Related Terms
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Patterson-UTI Energy (Patterson-UTI Energy) Business Description
Patterson-UTI Energy is one of the largest land rig drilling contractors in the United States and maintains moderately sized pressure-pumping operations primarily in Texas and the Appalachian region, plus some modest operations in Colombia. It also provides directional drilling services and tool rental services in most U.S. onshore oil and gas basins.
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