National Energy Services Reunited (National Energy Services Reunited) Days Inventory : 27.37 (As of Dec. 2021)

View and export this data going back to 2017. Start your Free Trial

What is National Energy Services Reunited Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). National Energy Services Reunited's Average Total Inventories for the three months ended in Dec. 2021 was $97.3 Mil. National Energy Services Reunited's Cost of Goods Sold for the three months ended in Dec. 2021 was $324.4 Mil. Hence, National Energy Services Reunited's Days Inventory for the three months ended in Dec. 2021 was 27.37.

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

NESR's Days Inventory is not ranked ^*
in the Oil & Gas industry.
Industry Median: 31.555
* Ranked among companies with meaningful Days Inventory only.

National Energy Services Reunited's Days Inventory declined from Dec. 2020 (33.16) to Dec. 2021 (27.37).

Inventory Turnover measures how fast the company turns over its inventory within a year. National Energy Services Reunited's Inventory Turnover for the three months ended in Dec. 2021 was 3.33.

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. National Energy Services Reunited's Inventory-to-Revenue for the three months ended in Dec. 2021 was 0.46.

National Energy Services Reunited Days Inventory Historical Data

The historical data trend for National Energy Services Reunited'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.

National Energy Services Reunited Days Inventory Chart

National Energy Services Reunited Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Inventory

Get a 7-Day Free Trial

47.83

40.92

38.49

43.23

National Energy Services Reunited Quarterly Data
	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Dec22
Days Inventory	Get a 7-Day Free Trial															48.63	45.78	48.79	27.37	-

Competitive Comparison of National Energy Services Reunited's Days Inventory

For the Oil & Gas Equipment & Services subindustry, National Energy Services Reunited'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.

National Energy Services Reunited's Days Inventory Distribution in the Oil & Gas Industry

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

* The bar in red indicates where National Energy Services Reunited's Days Inventory falls into.

National Energy Services Reunited Days Inventory Calculation

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

National Energy Services Reunited's Days Inventory for the fiscal year that ended in Dec. 2022 is calculated as

	Days Inventory (A: Dec. 2022 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2021 )	+	Total Inventories (A: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2022 )	*	Days in Period
=	( (93.864	+	110.521)	/	2 )	/	862.904	*	365
=	102.1925					/	862.904	*	365
=	43.23

National Energy Services Reunited's Days Inventory for the quarter that ended in Dec. 2021 is calculated as:

	Days Inventory (Q: Dec. 2021 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Sep. 2021 )	+	Total Inventories (Q: Dec. 2021 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2021 )	*	Days in Period
=	( (100.757	+	93.864)	/	2 )	/	324.418	*	365 / 4
=	97.3105					/	324.418	*	365 / 4
=	27.37

National Energy Services Reunited (OTCPK:NESR) 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.

National Energy Services Reunited's Inventory Turnover for the three months ended in Dec. 2021 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	324.418	/	97.3105
	=	3.33

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.

National Energy Services Reunited's Inventory to Revenue for the three months ended in Dec. 2021 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	97.3105	/	211.384
	=	0.46

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.

National Energy Services Reunited Days Inventory Related Terms

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

National Energy Services Reunited (National Energy Services Reunited) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » National Energy Services Reunited Corp (OTCPK:NESR) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

777 Post Oak Boulevard, Suite 730, Houston, TX, USA, 77056

Website

https://www.nesr.com

National Energy Services Reunited Corp is a British Virgin Islands-based company engaged in providing products and services to the oil and gas industry in the Middle East and North Africa and the Asia Pacific regions. The company has two reportable segments: Production Services including coil tubing, stimulation, and pumping, nitrogen services, completions, pipelines, cementing, laboratory services and filtration services; and Drilling and Evaluation Services including drilling and workover rigs, rig services, services, and well-testing services among others. Revenues are majorly derived from production services of an oil or natural gas well.

Executives

Melissa Cougle	officer: Chief Financial Officer	777 POST OAK BLVD., 7TH FLOOR, HOUSTON TX 77056
Adnan Ghabris	director	PO BOX 346036 DUBAI C0 00000
Al Noaimi Salem Rashed Abdulla Ali	director	AERCAP HOUSE, 65 ST. STEPHEN'S GREEN, DUBLIN L2 2
Capital Pjsc Waha	10 percent owner	LEVEL 42, TOWER 3, ETIHAD TOWERS PO BOX 28922 ABU DHABI C0 00000
Thomas D Wood	director, 10 percent owner, officer: CFO	NATIONAL ENERGY SERVICES REUNITED CORP., 777 POST OAK BLVD, HOUSTON TX 77056
Campo Mejia Antonio J	director	NATIONAL ENERGY SERVICES REUNITED CORP. 777 POST OAK BLVD. HOUSTON TX 77056
Waha Energy Ltd	10 percent owner	C/O MAPLES CORPORATE SERVICES LIMITED PO BOX 309, UGLAND HOUSE GRAND CAYMAN E9 KY1-1104
Nesr Spv Ltd	10 percent owner	C/O MAPLES CORPORATE SERVICES LIMITED PO BOX 309, UGLAND HOUSE GRAND CAYMAN E9 KY1-1104
Olayan Saudi Holding Co	10 percent owner	P.O. BOX 8772, OLAYAN CENTER, AHSAA STREET RIYADH T0 11492
Olayan Financing Co Ltd.	10 percent owner	P.O. BOX 8772, OLAYAN CENTER, AHSAA STREET RIYADH T0 11492
Christine J Morris	officer: Chief Financial Officer	NATIONAL ENERGY SERVICES REUNITED CORP. 777 POST OAK BLVD., 7TH FLOOR HOUSTON TX 77056
Olayan International Ltd	10 percent owner	C/O 111 POSEIDONOS AVE., GLYFADA ATHENS J3 166 10
Olayan Investments Co Establishment	10 percent owner	111 POSEIDONOS AVENUE GLYFADA ATHENS J3 166 10
Sherif Foda	director, 10 percent owner, officer: CEO	C/O SCHLUMBERGER LIMITED, 5599 SAN FELIPE, 17TH FLOOR, HOUSTON TX 77056
Nesr Holdings Ltd.	10 percent owner	RITTER HOUSE WICKHAMS CAY II, ROAD TOWN TORTOLA D8 VG1110