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

Tetra Technologies (Tetra Technologies) Inventory Turnover : 1.30 (As of Dec. 2023)


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

What is Tetra Technologies Inventory Turnover?

Inventory Turnover measures how fast the company turns over its inventory within a year. It is calculated as Cost of Goods Sold divided by Total Inventories. Tetra Technologies's Cost of Goods Sold for the three months ended in Dec. 2023 was $122.9 Mil. Tetra Technologies's Average Total Inventories for the quarter that ended in Dec. 2023 was $94.3 Mil. Tetra Technologies's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.30.

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 three months ended in Dec. 2023 was 70.05.

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 quarter that ended in Dec. 2023 was 0.62.

Tetra Technologies Inventory Turnover Historical Data

The historical data trend for Tetra Technologies's Inventory Turnover 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 Inventory Turnover Chart

Tetra Technologies Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Inventory Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.90 3.95 4.51 6.12 5.60

Tetra Technologies Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Inventory Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.62 1.41 1.52 1.31 1.30

Tetra Technologies Inventory Turnover Calculation

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

Inventory Turnover (A: Dec. 2023 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (A: Dec. 2023 ) / ((Total Inventories (A: Dec. 2022 ) + Total Inventories (A: Dec. 2023 )) / count )
=472.617 / ((72.113 + 96.536) / 2 )
=472.617 / 84.3245
=5.60

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

Inventory Turnover (Q: Dec. 2023 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (Q: Dec. 2023 ) / ((Total Inventories (Q: Sep. 2023 ) + Total Inventories (Q: Dec. 2023 )) / count )
=122.883 / ((92.128 + 96.536) / 2 )
=122.883 / 94.332
=1.30

* 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.

Tetra Technologies  (NYSE:TTI) Inventory Turnover Explanation

Inventory Turnover measures how fast the company turns over its inventory within a year. A higher Inventory Turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.

1. 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 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
=94.332/122.883*365 / 4
=70.05

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 quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Dec. 2023 ) / Revenue (Q: Dec. 2023 )
=94.332 / 153.126
=0.62

* 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.

Be Aware

Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate Inventory Turnover. An average inventory is a better indication.

Tetra Technologies Inventory Turnover Related Terms

Thank you for viewing the detailed overview of Tetra Technologies's Inventory Turnover 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 » Inventory Turnover
Comparable Companies
NR OIS BOOM VTOL DRQ CCLP PUMP RNGR SOI FET SLB HAL BKR MIL:TEN FTI SHSE:601808 WFRD NOV CHX ASX:WOR
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