Essential Energy Services (TSX:ESN) Change In Inventory : C$-2.9 Mil (TTM As of Jun. 2023)

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What is Essential Energy Services Change In Inventory?

Essential Energy Services's change in inventory for the quarter that ended in Jun. 2023 was C$-1.1 Mil. It means Essential Energy Services's inventory increased by C$1.1 Mil from Mar. 2023 to Jun. 2023 .

Essential Energy Services's change in inventory for the fiscal year that ended in Dec. 2022 was C$-3.6 Mil. It means Essential Energy Services's inventory increased by C$3.6 Mil from Dec. 2021 to Dec. 2022 .

Essential Energy Services's Total Inventories for the quarter that ended in Jun. 2023 was C$37.7 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Essential Energy Services's Days Inventory for the quarter that ended in Jun. 2023 was 133.56.

Inventory Turnover measures how fast the company turns over its inventory within a year. Essential Energy Services's Inventory Turnover for the quarter that ended in Jun. 2023 was 0.68.

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. Essential Energy Services's Inventory-to-Revenue for the quarter that ended in Jun. 2023 was 1.30.

Essential Energy Services Change In Inventory Historical Data

The historical data trend for Essential Energy Services'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.

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Essential Energy Services Change In Inventory Chart

Essential Energy Services Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Change In Inventory

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-4.57

3.85

4.24

0.96

-3.59

Essential Energy Services Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
Change In Inventory	Get a 7-Day Free Trial															-1.45	-0.04	0.25	-1.95	-1.12

Essential Energy Services 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 Jun. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was C$-2.9 Mil.

Essential Energy Services (TSX:ESN) Change In Inventory Explanation

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

Essential Energy Services's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	37.126	/	25.365	*	365 / 4
	=	133.56

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

Essential Energy Services's Inventory Turnover for the quarter that ended in Jun. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	25.365	/	37.126
	=	0.68

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.

Essential Energy Services's Inventory to Revenue for the quarter that ended in Jun. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	37.126	/	28.573
	=	1.30

Essential Energy Services Change In Inventory Related Terms

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Essential Energy Services (TSX:ESN) Business Description

Industry

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Address

250 - 2nd Street SW, Suite 1100, Livingston Place West, Calgary, AB, CAN, T2P 0C1

Website

https://www.essentialenergy.ca

Essential Energy Services Ltd provides oilfield services to oil and natural gas producers, primarily in Western Canada. It operates through two segments: The Essential Coil Well Service segment provides completion, production, and workover services with its fleet of coiled tubing rigs, fluid pumpers, nitrogen pumpers, and ancillary equipment. Tryton segment provides downhole tools and rental services in Canada and the U.S. The majority of revenue is from the ECWS segment.

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