Oil States International (Oil States International) Total Inventories

: $202.0 Mil (As of Dec. 2023)

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Oil States International's total inventories for the quarter that ended in Dec. 2023 was $202.0 Mil. Oil States International's average total inventories from the quarter that ended in Sep. 2023 to the quarter that ended in Dec. 2023 was $204.3 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Oil States International's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-1.45.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Oil States International's Days Inventory for the three months ended in Dec. 2023 was 104.57.

Inventory Turnover measures how fast the company turns over its inventory within a year. Oil States International's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.87.

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. Oil States International's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.98.

Oil States International Total Inventories Historical Data

The historical data trend for Oil States International's Total Inventories 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.

Array ( [0] => - [1] => - [2] => - [3] => - [4] => - [5] => 221.34 [6] => 170.38 [7] => 168.57 [8] => 182.66 [9] => 202.03 )

Oil States International Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

221.34

170.38

168.57

182.66

202.03

Oil States International Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Total Inventories																182.66	196.28	205.13	206.54	202.03

Oil States International Total Inventories Calculation

Total Inventories includes the raw materials, work-in-process goods and completely finished goods of a company. It is a portion of a company's current assets.

Oil States International (NYSE:OIS) Total Inventories Explanation

Inventory control is an important part of business operation. If a company does not have enough inventory, it may not be able to meet customers' required delivery time. If it has too much inventory, the cost of holding the inventory can be high.

1. In Ben Graham's calculation of Net-Net Working Capital (NNWC), inventory is only considered worth half of its book value.

Oil States International's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2023 is

	Net-Net Working Capital Per Share (Q: Dec. 2023 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(47.111	+	0.75 * 128.405	+	0.5 * 202.027	-	336.941
-	0	-	0)	/	63.8892
=	-1.45

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

Oil States International's Days Inventory for the three months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	204.284	/	178.265	*	365 / 4
	=	104.57

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

Oil States International's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Dec. 2023 )	/	Average Total Inventories (Q: Dec. 2023 )
	=	178.265	/	204.284
	=	0.87

4. 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.

Oil States International's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	204.284	/	208.266
	=	0.98

Be Aware

Manufacturers with durable competitive advantages have the advantage that the products they sell do not change, and therefore will never become obsolete. Buffett likes this advantage.

When identifying manufacturers with durable competitive advantage, look for inventory and net earnings that rise correspondingly. This indicates that the company is finding profitable ways to increase sales which called for an increase in inventory.

Manufacturers with inventories that spike up and down are indicative of competitive industries subject to boom and bust.

Oil States International Total Inventories Related Terms

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Oil States International (Oil States International) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Oil States International Inc (NYSE:OIS) » Definitions » Total Inventories

Comparable Companies

Traded in Other Exchanges

OI2:Germany OI2:Germany

Address

Three Allen Center, 333 Clay Street, Suite 4620, Houston, TX, USA, 77002

Website

https://www.oilstatesintl.com

Oil States International Inc is a provider of manufactured products and services to the energy, industrial and military sectors. Manufactured products include engineered capital equipment as well as products consumed in the drilling, well construction and production of oil and natural gas. The company sells its products and services to national oil and natural gas companies, oil and natural gas companies, onshore and offshore drilling companies and other oilfield services, defense and industrial companies. The company operates through three business segments, Offshore/Manufactured Products, Well Site Services and Downhole Technologies.

Executives

Philip Scott Moses	officer: Executive VP,Offshore Products	333 CLAY STREET, SUITE 4620, HOUSTON TX 77002
Denise Castillo-rhodes	director	8847 W. SAM HOUSTON PKWY. NORTH, SUITE 200, HOUSTON TX 77040
Christopher E Cragg	officer: Vice President Tubular Service
Christopher T Seaver	director	3300 NORTH SAM HOUSTON PKWY EAST, HOUSTON TX 77032-3411
Cindy B Taylor	officer: SVP and CFO
Brian E. Taylor	officer: VP, Controller & CAO	P.O. BOX 60068, HOUSTON TX 77205-0068
Lias Jeff Steen	officer: Vice President, HR & Legal	333 CLAY STREET, SUITE 4620, HOUSTON TX 77002
Van Kleef William T	director
Hallie A. Vanderhider	director	600 TRAVIS STREET, SUITE 3250, HOUSTON TX 77002
Darrell E Hollek	director	1201 LAKE ROBBINS DRIVE, THE WOODLANDS TX 77380
E Joseph Wright	director	550 WEST TEXAS AVENUE, SUITE 1300, MIDLAND TX 79701
Robert L Potter	director
Lawrence R Dickerson	director	15415 KATY FREEWAY STE 100, HOUSTON TX 77094
B.v. Geodynamics	10 percent owner	C/O LIME ROCK MANAGEMENT, 274 RIVERSIDE AVENUE, SUITE 3, WESTPORT CT 06880
Lloyd A Hajdik	officer: Executive VP, CFO & Treasurer	333 CLAY STREET, SUITE 4620, HOUSTON TX 77002