High Arctic Energy Services (TSX:HWO) Change In Inventory : C$0.72 Mil (TTM As of Mar. 2024)

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What is High Arctic Energy Services Change In Inventory?

High Arctic Energy Services's change in inventory for the quarter that ended in Mar. 2024 was C$0.72 Mil. It means High Arctic Energy Services's inventory declined by C$0.72 Mil from Dec. 2023 to Mar. 2024 .

High Arctic Energy Services's change in inventory for the fiscal year that ended in Dec. 2023 was C$0.00 Mil. It means High Arctic Energy Services's inventory stayed the same from Dec. 2022 to Dec. 2023 .

High Arctic Energy Services's Total Inventories for the quarter that ended in Mar. 2024 was C$8.66 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. High Arctic Energy Services's Days Inventory for the quarter that ended in Mar. 2024 was 66.52.

Inventory Turnover measures how fast the company turns over its inventory within a year. High Arctic Energy Services's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.37.

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. High Arctic Energy Services's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.50.

High Arctic Energy Services Change In Inventory Historical Data

The historical data trend for High Arctic 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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High Arctic Energy Services Change In Inventory Chart

High Arctic Energy Services Annual Data

Trend

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Change In Inventory

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High Arctic Energy Services Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Change In Inventory	Get a 7-Day Free Trial															-	-	-	-	0.72

High Arctic 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was C$0.72 Mil.

High Arctic Energy Services (TSX:HWO) Change In Inventory Explanation

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

High Arctic 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
	=	9.0205	/	12.374	*	365 / 4
	=	66.52

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

High Arctic Energy Services's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	12.374	/	9.0205
	=	1.37

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.

High Arctic Energy Services's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	9.0205	/	18.005
	=	0.50

High Arctic Energy Services Change In Inventory Related Terms

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High Arctic Energy Services (TSX:HWO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » High Arctic Energy Services Inc (TSX:HWO) » Definitions » Change In Inventory

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HGHAF:USA 6LQ:Germany

Address

330 - 5th Ave SW., Suite 2350, Calgary, AB, CAN, T2P 0L4

Website

https://www.haes.ca

High Arctic Energy Services Inc is engaged in providing contract drilling, well servicing, completion services, equipment rentals, and other oilfield services to the oil and natural gas industry in Papua New Guinea and Canada. The operating segments of the company are the Drilling Services segment which consists of drilling services; the Production Services segment which consists of well servicing and snubbing services; the Ancillary Services segment which provides rental equipment, nitrogen transport services, and engineering consulting to various companies within the oil and gas sector and Corporate segment. The Production Services segment generates the company's revenue.

Executives

Douglas John Strong

Director

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