KLX Energy Services Holdings (KLX Energy Services Holdings) Change In Inventory : $-9.0 Mil (TTM As of Dec. 2023)

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What is KLX Energy Services Holdings Change In Inventory?

KLX Energy Services Holdings's change in inventory for the quarter that ended in Dec. 2023 was $-1.0 Mil. It means KLX Energy Services Holdings's inventory increased by $1.0 Mil from Sep. 2023 to Dec. 2023 .

KLX Energy Services Holdings's change in inventory for the fiscal year that ended in Dec. 2023 was $-9.0 Mil. It means KLX Energy Services Holdings's inventory increased by $9.0 Mil from Dec. 2022 to Dec. 2023 .

KLX Energy Services Holdings's Total Inventories for the quarter that ended in Dec. 2023 was $33.5 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. KLX Energy Services Holdings's Days Inventory for the quarter that ended in Dec. 2023 was 20.07.

Inventory Turnover measures how fast the company turns over its inventory within a year. KLX Energy Services Holdings's Inventory Turnover for the quarter that ended in Dec. 2023 was 4.55.

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. KLX Energy Services Holdings's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.17.

KLX Energy Services Holdings Change In Inventory Historical Data

The historical data trend for KLX Energy Services Holdings'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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KLX Energy Services Holdings Change In Inventory Chart

KLX Energy Services Holdings Annual Data

Trend

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Dec22

Dec23

Change In Inventory

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-6.80

3.60

-0.10

-6.20

-9.00

KLX Energy Services Holdings Quarterly Data
	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Change In Inventory	Get a 7-Day Free Trial															-0.20	-1.50	-3.80	-2.70	-1.00

KLX Energy Services Holdings 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-9.0 Mil.

KLX Energy Services Holdings (NAS:KLXE) Change In Inventory Explanation

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

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

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	33.45	/	152.1	*	365 / 4
	=	20.07

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

KLX Energy Services Holdings's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	152.1	/	33.45
	=	4.55

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.

KLX Energy Services Holdings's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	33.45	/	194.2
	=	0.17

KLX Energy Services Holdings Change In Inventory Related Terms

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KLX Energy Services Holdings (KLX Energy Services Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » KLX Energy Services Holdings Inc (NAS:KLXE) » Definitions » Change In Inventory

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Traded in Other Exchanges

KX4A:Germany

Address

3040 Post Oak Boulevard, 15th Floor, Houston, TX, USA, 77056

Website

https://www.klxenergy.com

KLX Energy Services Holdings Inc is a provider of completion, intervention and production services and products to the onshore oil and gas producing regions of the United States. It serves the companies engaged in the exploration and development of North American onshore conventional and unconventional oil and natural gas reserves. Its products and services offerings include surface facilities and equipment, pressure control services, wireline services, fishing services, and engineered products. The company's segments include Southwest; Rocky Mountains and Northeast/Mid-Con region.

Executives

Christopher J. Baker	officer: See Remarks	C/O QUINTANA ENERGY SERVICES, 1415 LOUISIANA STREET, SUITE 2900, HOUSTON TX 77002
Keefer Mcgovern Lehner	officer: See Remarks	C/O QUINTANA ENERGY SERVICES, 1415 LOUISIANA STREET, SUITE 2400, HOUSTON TX 77002
Geoffrey C Stanford	officer: Chief Accouting Officer	4400 POST OAK PARKWAY, SUITE 1000, HOUSTON TX 77027
Max Bouthillette	officer: See Remarks	C/O QUINTANA ENERGY SERVICES, 1415 LOUISIANA STREET, SUITE 2400, HOUSTON TX 77002
Denham Capital Management Gp Llc	10 percent owner	185 DARTMOUTH STREET, BOSTON MA 02116
Denham Capital Management Lp	10 percent owner	185 DARTMOUTH STREET, BOSTON MA 02116
Denham Iv Continuation Fund Gp Lp	10 percent owner	185 DARTMOUTH STREET, BOSTON MA 02116
Stuart D Porter	10 percent owner	200 CLARENDON ST, 25TH FLOOR, BOSTON MA 02116
Denham Iv Continuation Gp Llc	10 percent owner	185 DARTMOUTH STREET, BOSTON MA 02116
Greene's Investment Holdings Llc	10 percent owner	185 DARTMOUTH STREET, BOSTON MA 02116
Denham Iv Continuation Fund Lp	10 percent owner	185 DARTMOUTH STREET, BOSTON MA 02116
Greene's Holding Corp	10 percent owner	185 DARTMOUTH STREET, BOSTON MA 02116
Robertson Corbin J Jr	director, 10 percent owner, other: Member of 10% owner group	601 JEFFERSON STE 3600, HOUSTON TX 77002
John T Whates	director	1400 CORPORATE CENTER WAY, WELLINGTON FL 33414
John T Collins	director	THE COLLINS GROUP, 60 STATE ST, SUITE 700, BOSTON MA 02109