Tetra Technologies (Tetra Technologies) Days Inventory

: 70.05 (As of Dec. 2023)

View and export this data going back to 1990. Start your Free Trial

Days Inventory is also known as Days Sales of Inventory (DSI). Tetra Technologies's Average Total Inventories for the three months ended in Dec. 2023 was $94.3 Mil. Tetra Technologies's Cost of Goods Sold for the three months ended in Dec. 2023 was $122.9 Mil. Hence, Tetra Technologies's Days Inventory for the three months ended in Dec. 2023 was 70.05.

The historical rank and industry rank for Tetra Technologies's Days Inventory or its related term are showing as below:

TTI' s Days Inventory Range Over the Past 10 Years
Min: 53.89 Med: 69.61 Max: 103.47
Current: 65.88

During the past 13 years, Tetra Technologies's highest Days Inventory was 103.47. The lowest was 53.89. And the median was 69.61.

TTI's Days Inventory is ranked worse than
75.72% of 729 companies
in the Oil & Gas industry
Industry Median: 31.63 vs TTI: 65.88

Tetra Technologies's Days Inventory increased from Dec. 2022 (56.34) to Dec. 2023 (70.05). It might indicate that Tetra Technologies's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Tetra Technologies's Inventory Turnover for the three months ended in Dec. 2023 was 1.30.

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. Tetra Technologies's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.62.

Tetra Technologies Days Inventory Historical Data

The historical data trend for Tetra Technologies's Days 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.

* Premium members only.

Tetra Technologies Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

74.42

92.45

80.84

59.64

65.12

Tetra Technologies Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Inventory																56.34	64.79	59.88	69.90	70.05

Competitive Comparison

For the Oil & Gas Equipment & Services subindustry, Tetra Technologies's Days Inventory, along with its competitors' market caps and Days Inventory data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Tetra Technologies Days Inventory Distribution

For the Oil & Gas industry and Energy sector, Tetra Technologies's Days Inventory distribution charts can be found below:

* The bar in red indicates where Tetra Technologies's Days Inventory falls into.

Tetra Technologies Days Inventory Calculation

Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Tetra Technologies's Days Inventory for the fiscal year that ended in Dec. 2023 is calculated as

	Days Inventory (A: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (72.113	+	96.536)	/	2 )	/	472.617	*	365
=	84.3245					/	472.617	*	365
=	65.12

Tetra Technologies's Days Inventory for the quarter that ended in Dec. 2023 is calculated as:

	Days Inventory (Q: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (92.128	+	96.536)	/	2 )	/	122.883	*	365 / 4
=	94.332					/	122.883	*	365 / 4
=	70.05

Tetra Technologies (NYSE:TTI) Days Inventory Explanation

Days Inventory indicates the liquidity of the inventory. Generally, a lower Days Inventory is preferred as it indicates a shorter duration to clear off the inventory. An increase of the ratio may indicate the company's sales slowed. Similar ratios related to Days Inventory are:

1. Inventory Turnover measures how fast the company turns over its inventory within a year.

Tetra Technologies's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	122.883	/	94.332
	=	1.30

2. 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.

Tetra Technologies's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	94.332	/	153.126
	=	0.62

Be Aware

A lot of business are seasonable. It makes more sense to compare Days Inventory from the same period in the previous year instead of from the previous quarter.

Tetra Technologies Days Inventory Related Terms

Thank you for viewing the detailed overview of Tetra Technologies's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.

Tetra Technologies (Tetra Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Tetra Technologies Inc (NYSE:TTI) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

TGI:Germany TGI:Germany

Address

24955 Interstate 45 North, The Woodlands, TX, USA, 77380

Website

https://www.tetratec.com

Tetra Technologies Inc is a diversified oil and gas services company, focused on completion fluids and associated products and services, water management, frac flowback, production well testing, offshore rig cooling, and compression services. It has two reporting segments namely Completion Fluids & Products, and Water & Flowback Services. The Completion Fluids & Products Division manufactures and markets clear brine fluids, additives, and associated products and services. The Water & Flowback Services Division provides onshore oil and gas operators with comprehensive water management services.

Executives

Bates Thomas R Jr	director	TETRA TECHNOLOGIES, INC., 24955 INTERSTATE 45 N, THE WOODLANDS TX 77380
Christian A Garcia	director	3000 N. SAM HOUSTON PARKWAY E., BLDG. J-4, HOUSTON TX 77032
Roy Mcniven	officer: Sr. Vice President	24955 INTERSTATE 45 N, THE WOODLANDS TX 77380
Matthew Sanderson	officer: Sr. Vice President	24955 INTERSTATE 45 N, THE WOODLANDS TX 77380
Timothy C Moeller	officer: VP & Chief Procurement Officer	24955 INTERSTATE 45 N, THE WOODLANDS TX 77380
Brady M Murphy	officer: President & COO	24955 INTERSTATE 45 N, THE WOODLANDS TX 77380
Elijio V Serrano	officer: Sr. Vice President & CFO	24955 INTERSTATE 45 NORTH, THE WOODLANDS TX 77380
William D Sullivan	director	TETRA TECHNOLOGIES, INC., 24955 INTERSTATE 45 N, THE WOODLANDS TX 77380
Mcgee Sharon D. Booth	director	24955 I-45 NORTH, THE WOODLANDS TX 77380
Richard D O'brien	officer: VP-Finance & Global Controller	24955 INTERSTATE 45 N, THE WOODLANDS TX 77380
Boston Shoemake Alicia R	officer: General Counsel	24955 I-45 NORTH, THE WOODLANDS TX 77380
Shawn D. Williams	director	24955 INTERSTATE 45 N, THE WOODLANDS TX 77380
Gina Luna	director	24955 INTERSTATE 45 N, THE WOODLANDS TX 77380
Wallace Bass C Jr	officer: General Counsel & Secretary	24955 INTERSTATE 45 N, THE WOODLANDS X1 77380
Mark E Baldwin	director	TETRA TECHNOLOGIES, INC., 24955 I 45 N, THE WOODLANDS TX 77380