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C&J Energy Services (C&J Energy Services) Days Inventory : 11.66 (As of Jun. 2019)


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What is C&J Energy Services Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). C&J Energy Services's Average Total Inventories for the three months ended in Jun. 2019 was $60 Mil. C&J Energy Services's Cost of Goods Sold for the three months ended in Jun. 2019 was $467 Mil. Hence, C&J Energy Services's Days Inventory for the three months ended in Jun. 2019 was 11.66.

The historical rank and industry rank for C&J Energy Services's Days Inventory or its related term are showing as below:

CJ's Days Inventory is not ranked *
in the Oil & Gas industry.
Industry Median: 31.81
* Ranked among companies with meaningful Days Inventory only.

C&J Energy Services's Days Inventory declined from Jun. 2018 (14.71) to Jun. 2019 (11.66).

Inventory Turnover measures how fast the company turns over its inventory within a year. C&J Energy Services's Inventory Turnover for the three months ended in Jun. 2019 was 7.83.

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. C&J Energy Services's Inventory-to-Revenue for the three months ended in Jun. 2019 was 0.12.


C&J Energy Services Days Inventory Historical Data

The historical data trend for C&J Energy Services'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.

C&J Energy Services Days Inventory Chart

C&J Energy Services Annual Data
Trend Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18
Days Inventory
Get a 7-Day Free Trial Premium Member Only Premium Member Only 27.38 22.76 24.56 16.89 13.15

C&J Energy Services Quarterly Data
Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19
Days Inventory 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 14.71 14.09 13.47 11.88 11.66

Competitive Comparison of C&J Energy Services's Days Inventory

For the Oil & Gas Equipment & Services subindustry, C&J Energy Services'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.


C&J Energy Services's Days Inventory Distribution in the Oil & Gas Industry

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

* The bar in red indicates where C&J Energy Services's Days Inventory falls into.



C&J Energy Services Days Inventory Calculation

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

C&J Energy Services's Days Inventory for the fiscal year that ended in Dec. 2018 is calculated as

Days Inventory (A: Dec. 2018 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (A: Dec. 2017 ) + Total Inventories (A: Dec. 2018 )) / count ) / Cost of Goods Sold (A: Dec. 2018 )*Days in Period
=( (77.793 + 62.633) / 2 ) / 1949.574*365
=70.213 / 1949.574*365
=13.15

C&J Energy Services's Days Inventory for the quarter that ended in Jun. 2019 is calculated as:

Days Inventory (Q: Jun. 2019 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (Q: Mar. 2019 ) + Total Inventories (Q: Jun. 2019 )) / count ) / Cost of Goods Sold (Q: Jun. 2019 )*Days in Period
=( (61.328 + 57.905) / 2 ) / 466.607*365 / 4
=59.6165 / 466.607*365 / 4
=11.66

* 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.


C&J Energy Services  (NYSE:CJ) 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.

C&J Energy Services's Inventory Turnover for the three months ended in Jun. 2019 is calculated as

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.

C&J Energy Services's Inventory to Revenue for the three months ended in Jun. 2019 is calculated as

* 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

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.


C&J Energy Services Days Inventory Related Terms

Thank you for viewing the detailed overview of C&J Energy Services's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.


C&J Energy Services (C&J Energy Services) Business Description

Traded in Other Exchanges
N/A
Address
3990 Rogerdale Road, Houston, TX, USA, 77042
C&J Energy Services is an oil and gas equipment and services company operating in North America. The company provides oilfield and rig services to upstream exploration and production companies. Its three main business segments are completion services, well construction and intervention services, and well support services. Completion services generate most of the company's revenue and include fracturing services and cased-hole wireline and pumping services. The well construction and intervention services segment consists of cementing and coiled tubing services. The company's well support services segment includes rig services, fluid management services, and other special well site services. The company generates most of its revenue in the United States.
Executives
Sterling Renshaw officer: See Remarks 3990 ROGERDALE RD., HOUSTON TX 77042
John J Kennedy director C/O EDGEN GROUP INC., 18444 HIGHLAND ROAD, BATON ROUGE LA 70809
Michael Roemer director 10375 RICHMOND AVENUE, SUITE 2000, HOUSTON TX 77042
Patrick M Murray director 1177 ENCLAVE PARKWAY, SUITE 300, HOUSTON TX 77077
Steven L Mueller director
William D. Driver officer: See Remarks 10375 RICHMOND AVENUE, SUITE 2000, HOUSTON TX 77042
Michael S Galvan officer: See Remarks 3990 ROGERDALE RD., HOUSTON TX 77042
Van Gaalen Jan Kees officer: Chief Financial Officer 10205 WESTHEIMER, SUITE 1000, HOUSTON TX 77042
Danielle E. Hunter officer: See Remarks 3990 ROGERDALE RD., HOUSTON TX 77042
Amy H Nelson director 2000 POST OAK BLVD., SUITE 100, HOUSTON TX 77056
Stuart M Brightman director 25025 INTERSTATE 45 NORTH, SUITE 600, THE WOODLANDS TX 77380
Solus Alternative Asset Management Lp 10 percent owner 25 MAPLE STREET, 2ND FLOOR, SUMMIT NJ 07901
Christopher Pucillo 10 percent owner C/O SOLUS ALTERNATIVE ASSET MANAGEMENT, 25 MAPLE STREET, 2ND FLOOR, SUMMIT NJ 07901
Solus Gp Llc 10 percent owner C/O SOLUS ALTERNATIVE ASSET MANAGEMENT, 25 MAPLE STREET, 2ND FLOOR, SUMMIT NJ 07901
Stephen A Schwarzman 10 percent owner C/O BLACKSTONE INC., 345 PARK AVE, NEW YORK NY 10154