Ensign Energy Services (TSX:ESI) Change In Inventory : C$0 Mil (TTM As of Dec. 2023)

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What is Ensign Energy Services Change In Inventory?

Ensign Energy Services's change in inventory for the quarter that ended in Dec. 2023 was C$0 Mil. It means Ensign Energy Services's inventory stayed the same from Sep. 2023 to Dec. 2023 .

Ensign Energy Services's change in inventory for the fiscal year that ended in Dec. 2023 was C$0 Mil. It means Ensign Energy Services's inventory stayed the same from Dec. 2022 to Dec. 2023 .

Ensign Energy Services's Total Inventories for the quarter that ended in Dec. 2023 was C$57 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Ensign Energy Services's Days Inventory for the quarter that ended in Dec. 2023 was 14.48.

Inventory Turnover measures how fast the company turns over its inventory within a year. Ensign Energy Services's Inventory Turnover for the quarter that ended in Dec. 2023 was 6.30.

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. Ensign Energy Services's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.13.

Ensign Energy Services Change In Inventory Historical Data

The historical data trend for Ensign 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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Ensign Energy Services Change In Inventory Chart

Ensign Energy Services Annual Data

Trend

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Change In Inventory

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Ensign Energy Services Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
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Ensign 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was C$0 Mil.

Ensign Energy Services (TSX:ESI) Change In Inventory Explanation

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

Ensign 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
	=	57.8105	/	364.325	*	365 / 4
	=	14.48

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

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	364.325	/	57.8105
	=	6.30

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	57.8105	/	430.54
	=	0.13

Ensign Energy Services Change In Inventory Related Terms

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Ensign Energy Services (TSX:ESI) Business Description

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ESVIF:USA ENB:Germany

Address

400, 5th Avenue South West, Suite 1000, Calgary, AB, CAN, T2P 0L6

Website

https://www.ensignenergy.com

Ensign Energy Services Inc provides oilfield services to the crude oil and natural gas industries in Canada, the United States, and internationally. In Canada, the Company's oilfield services business includes drilling rigs, oil sands/coring rigs, well servicing, underbalanced and managed pressure drilling, and equipment rental services. In the United States, it offers drilling rigs, directional services, well servicing, equipment rental services, and trucking services, and Internationally, It offers drilling and workover rigs. Geographically the company operates in nine countries; Canada, the United States, Argentina, Australia, Bahrain, Kuwait, Oman, United Arab Emirates, and Venezuela.