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Helmerich & Payne Total Inventories

: $84 Mil (As of Mar. 2022)
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Helmerich & Payne's total inventories for the quarter that ended in Mar. 2022 was $84 Mil. Helmerich & Payne's average total inventories from the quarter that ended in Dec. 2021 to the quarter that ended in Mar. 2022 was $85 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Helmerich & Payne's Net-Net Working Capital per share for the quarter that ended in Mar. 2022 was $-9.12.

Inventory can be measured by days sales of inventory (DSI). Helmerich & Payne's days sales of inventory (DSI) for the three months ended in Mar. 2022 was 16.67.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Helmerich & Payne's Days Inventory for the three months ended in Mar. 2022 was 17.56.

Inventory Turnover measures how fast the company turns over its inventory within a year. Helmerich & Payne's Inventory Turnover for the quarter that ended in Mar. 2022 was 5.20.

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. Helmerich & Payne's Inventory-to-Revenue for the quarter that ended in Mar. 2022 was 0.18.


Helmerich & Payne Total Inventories Historical Data

The historical data trend for Helmerich & Payne's Total Inventories 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.

Helmerich & Payne Annual Data
Trend Sep12 Sep13 Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21
Total Inventories
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 137.20 158.13 149.65 104.18 84.06

Helmerich & Payne Quarterly Data
Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22
Total Inventories 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 Premium Member Only Premium Member Only Premium Member Only 96.50 90.54 84.06 87.27 83.59

Helmerich & Payne Total Inventories Calculation

Total Inventories includes the raw materials, work-in-process goods and completely finished goods of a company. It is a portion of a company's current assets.


Helmerich & Payne  (NYSE:HP) Total Inventories Explanation

Inventory control is an important part of business operation. If a company does not have enough inventory, it may not be able to meet customers' required delivery time. If it has too much inventory, the cost of holding the inventory can be high.

1. In Ben Graham's calculation of Net-Net Working Capital (NNWC), inventory is only considered worth half of its book value.

Helmerich & Payne's Net-Net Working Capital Per Share for the quarter that ended in Mar. 2022 is

Net-Net Working Capital Per Share (Q: Mar. 2022 )
=(Cash And Cash Equivalents+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(350.583+0.75 * 329.572+0.5 * 83.588-1599.94
-0-0)/105.285
=-9.12

2. Inventory can be measured by Days Sales of Inventory (DSI).

Helmerich & Payne's Days Sales of Inventory for the three months ended in Mar. 2022 is

Days Sales of Inventory (DSI)
=Total Inventories (Q: Mar. 2022 )/Revenue (Q: Mar. 2022 )*Days in Period
=85.43/467.597*365 / 4
=16.67

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

Helmerich & Payne's Days Inventory for the three months ended in Mar. 2022 is calculated as:

Days Inventory=Total Inventories (Q: Mar. 2022 )/Cost of Goods Sold (Q: Mar. 2022 )*Days in Period
=85.43/443.877*365 / 4
=17.56

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

Helmerich & Payne's Inventory Turnover for the quarter that ended in Mar. 2022 is calculated as

Inventory Turnover=Cost of Goods Sold (Q: Mar. 2022 ) / Total Inventories (Q: Mar. 2022 )
=443.877 / 85.43
=5.20

5. 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.

Helmerich & Payne's Inventory to Revenue for the quarter that ended in Mar. 2022 is calculated as

Inventory-to-Revenue=Total Inventories (Q: Mar. 2022 ) / Revenue (Q: Mar. 2022 )
=85.43 / 467.597
=0.18

* 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

Manufacturers with durable competitive advantages have the advantage that the products they sell do not change, and therefore will never become obsolete. Buffett likes this advantage.

When identifying manufacturers with durable competitive advantage, look for inventory and net earnings that rise correspondingly. This indicates that the company is finding profitable ways to increase sales which called for an increase in inventory.

Manufacturers with inventories that spike up and down are indicative of competitive industries subject to boom and bust.


Helmerich & Payne Total Inventories Related Terms

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Helmerich & Payne Business Description

Helmerich & Payne logo
Industry
Energy » Oil & Gas NAICS : 213111 SIC : 1381
Traded in Other Exchanges
Address
1437 South Boulder Avenue, Suite 1400, Tulsa, OK, USA, 74119
Helmerich & Payne has the largest fleet of U.S. land drilling rigs. The company's FlexRig line is the leading choice to drill horizontal wells for production of U.S. tight oil and gas. H&P is present in nearly every major U.S. shale play and also has a small presence internationally.
Executives
Adams Raymond John Iii officer: VP Digital Ops Marketing Sales 1437 S. BOULDER AVE. SUITE 1400 TULSA OK 74119
Smith Mark W. officer: Senior VP and CFO 15835 PARK TEN PLACE DRIVE HOUSTON TX 77084
Mas Jose Ramon director 800 DOUGLAS ROAD, 12TH FLOOR CORAL GABLES FL 33134
Rust Edward B Jr director MCGRAW-HILL COMPANIES 1221 AVENUE OF THE AMERICAS NEW YORK NY 10020
Bellinger Delaney Murchison director 524 E. 24TH STREET HOUSTON TX 77008
Cramton Kevin G. director 502 SAINT DAVIDS AVENUE WAYNE PA 19087
Petrie Thomas A. director 1437 S. BOULDER AVE., SUITE 1400 TULSA OK 74119
Helmerich Hans director C/O CIIRMAREX ENERGY CO 707 17TH ST. #3300 DENVER CO 80202-3404
Zeglis John D director 7277 164TH AVE NE BLDG1 REDMOND WA 98052
Foutch Randy A director 15 W. SIXTH STREET SUITE, 1800 TULSA OK 74119
Robillard Donald F Jr director 1437 S. BOULDER AVE. TULSA OK 74119
Vandeweghe Mary M director 1601 W. DIEHL ROAD NAPERVILLE IL 60563
Benson Todd Willard officer: President of H&P Technologies 1437 S. BOULDER AVENUE SUITE 1400 TULSA OK 74119
Bell John R. officer: VP, Drilling Subsidiary 1437 S. BOULDER AVE. TULSA OK 74119
Lennox Michael officer: VP, Drilling Subsidiary 1437 S. BOULDER AVE., SUITE 140 TULSA OK 74119

Helmerich & Payne Headlines

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