Patterson-UTI Energy (Patterson-UTI Energy) Days Inventory : 11.99 (As of Dec. 2023)

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What is Patterson-UTI Energy Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Patterson-UTI Energy's Average Total Inventories for the three months ended in Dec. 2023 was $184 Mil. Patterson-UTI Energy's Cost of Goods Sold for the three months ended in Dec. 2023 was $1,398 Mil. Hence, Patterson-UTI Energy's Days Inventory for the three months ended in Dec. 2023 was 11.99.

The historical rank and industry rank for Patterson-UTI Energy's Days Inventory or its related term are showing as below:

PTEN' s Days Inventory Range Over the Past 10 Years
Min: 3.44 Med: 6.92 Max: 12.68
Current: 11.66

During the past 13 years, Patterson-UTI Energy's highest Days Inventory was 12.68. The lowest was 3.44. And the median was 6.92.

PTEN's Days Inventory is ranked better than
76.58% of 730 companies
in the Oil & Gas industry
Industry Median: 31.555 vs PTEN: 11.66

Patterson-UTI Energy's Days Inventory increased from Dec. 2022 (8.61) to Dec. 2023 (11.99). It might indicate that Patterson-UTI Energy's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Patterson-UTI Energy's Inventory Turnover for the three months ended in Dec. 2023 was 7.61.

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. Patterson-UTI Energy's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.12.

Patterson-UTI Energy Days Inventory Historical Data

The historical data trend for Patterson-UTI Energy'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.

Patterson-UTI Energy Days Inventory Chart

Patterson-UTI Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

Get a 7-Day Free Trial

6.70

8.60

7.13

8.44

12.68

Patterson-UTI Energy Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Inventory	Get a 7-Day Free Trial															8.61	9.30	9.89	13.06	11.99

Competitive Comparison of Patterson-UTI Energy's Days Inventory

For the Oil & Gas Drilling subindustry, Patterson-UTI Energy'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.

Patterson-UTI Energy's Days Inventory Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Patterson-UTI Energy's Days Inventory distribution charts can be found below:

* The bar in red indicates where Patterson-UTI Energy's Days Inventory falls into.

Patterson-UTI Energy Days Inventory Calculation

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

Patterson-UTI Energy's Days Inventory for the fiscal year that ended in Dec. 2023 is calculated as

	Days Inventory (A: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (65.377	+	180.805)	/	2 )	/	3542.735	*	365
=	123.091					/	3542.735	*	365
=	12.68

Patterson-UTI Energy's Days Inventory for the quarter that ended in Dec. 2023 is calculated as:

	Days Inventory (Q: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (186.514	+	180.805)	/	2 )	/	1397.904	*	365 / 4
=	183.6595					/	1397.904	*	365 / 4
=	11.99

Patterson-UTI Energy (NAS:PTEN) 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.

Patterson-UTI Energy's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	1397.904	/	183.6595
	=	7.61

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.

Patterson-UTI Energy's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	183.6595	/	1584.317
	=	0.12

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.

Patterson-UTI Energy Days Inventory Related Terms

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

Patterson-UTI Energy (Patterson-UTI Energy) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Patterson-UTI Energy Inc (NAS:PTEN) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

PE1:Germany PE1:Germany

Address

10713 West Sam Houston Parkway North, Suite 800, Houston, TX, USA, 77064

Website

https://www.patenergy.com

Patterson-UTI Energy is one of the largest land rig drilling contractors in the United States and maintains moderately sized pressure-pumping operations primarily in Texas and the Appalachian region, plus some modest operations in Colombia. It also provides directional drilling services and tool rental services in most U.S. onshore oil and gas basins.

Executives

Tiffany Thom Cepak	director	C/O PATTERSON-UTI ENERGY, INC., 10713 WEST SAM HOUSTON PARKWAY NORTH, SU, HOUSTON TX 77064
Charles Andrew Smith	officer: EVP & Chief Financial Officer	13627 COMELY LANE, HOUSTON TX 77079
Seth David Wexler	officer: GENERAL COUNSEL AND SECRETARY	450 GEARS ROAD, SUITE 500, HOUSTON TX 77067
James Carl Stewart	director	1800 POST OAK BLVD., SUITE 450, HOUSTON TX 77056
James Michael Holcomb	officer: President-Drilling Subsidiary	450 GEARS ROAD, SUITE 500, HOUSTON TX 77067
Amy H Nelson	director	2000 POST OAK BLVD., SUITE 100, HOUSTON TX 77056
Drummond Robert Wayne Jr	director	1301 MCKINNEY ST, STE 1800, HOUSTON TX 77010
Leslie Ann Beyer	director	C/O NATURAL GAS SERVICES GROUP., INC., 404 VETERANS AIRPARK LANE, SUITE 300, MIDLAND TX 79705
Gary M. Halverson	director	1333 WEST LOOP SOUTH, SUITE 1700, HOUSTON TX 77027
Matthew Gillard	officer: President-Completions	3990 ROGERDALE RD., HOUSTON TX 77042
Blackstone Management Associates Vii L.l.c.	10 percent owner	C/O THE BLACKSTONE GROUP L.P., 345 PARK AVE., NEW YORK NY 10154
Bcp Vii/bep Ii Holdings Manager L.l.c.	10 percent owner	C/O BLACKSTONE INC., 345 PARK AVENUE, NEW YORK NY 10154
Blackstone Energy Management Associates Ii L.l.c.	10 percent owner	C/O THE BLACKSTONE GROUP L.P., 345 PARK AVE., NEW YORK NY 10154
Bep Diamond Aggregator L.p.	10 percent owner	C/O BLACKSTONE INC., 345 PARK AVENUE, NEW YORK NY 10154
Blackstone Ema Ii L.l.c.	10 percent owner	C/O THE BLACKSTONE GROUP L.P., 345 PARK AVE., NEW YORK NY 10154