GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » ProFrac Holding Corp (NAS:ACDC) » Definitions » Inventory Turnover

ProFrac Holding (ProFrac Holding) Inventory Turnover : 1.69 (As of Dec. 2023)


View and export this data going back to 2022. Start your Free Trial

What is ProFrac Holding Inventory Turnover?

Inventory Turnover measures how fast the company turns over its inventory within a year. It is calculated as Cost of Goods Sold divided by Total Inventories. ProFrac Holding's Cost of Goods Sold for the three months ended in Dec. 2023 was $431 Mil. ProFrac Holding's Average Total Inventories for the quarter that ended in Dec. 2023 was $254 Mil. ProFrac Holding's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.69.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. ProFrac Holding's Days Inventory for the three months ended in Dec. 2023 was 53.87.

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. ProFrac Holding's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.52.

ProFrac Holding Inventory Turnover Historical Data

The historical data trend for ProFrac Holding's Inventory Turnover 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.

ProFrac Holding Inventory Turnover Chart

ProFrac Holding Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Inventory Turnover
10.21 10.89 10.55 8.82

ProFrac Holding Quarterly Data
Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Inventory Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.29 2.45 1.96 1.66 1.69

ProFrac Holding Inventory Turnover Calculation

ProFrac Holding's Inventory Turnover for the fiscal year that ended in Dec. 2023 is calculated as

Inventory Turnover (A: Dec. 2023 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (A: Dec. 2023 ) / ((Total Inventories (A: Dec. 2022 ) + Total Inventories (A: Dec. 2023 )) / count )
=2143.6 / ((249.5 + 236.6) / 2 )
=2143.6 / 243.05
=8.82

ProFrac Holding's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

Inventory Turnover (Q: Dec. 2023 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (Q: Dec. 2023 ) / ((Total Inventories (Q: Sep. 2023 ) + Total Inventories (Q: Dec. 2023 )) / count )
=430.7 / ((271.9 + 236.6) / 2 )
=430.7 / 254.25
=1.69

* 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.

ProFrac Holding  (NAS:ACDC) Inventory Turnover Explanation

Inventory Turnover measures how fast the company turns over its inventory within a year. A higher Inventory Turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.

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

ProFrac Holding's Days Inventory for the three months ended in Dec. 2023 is calculated as:

Days Inventory =Average Total Inventories (Q: Dec. 2023 )/Cost of Goods Sold (Q: Dec. 2023 )*Days in Period
=254.25/430.7*365 / 4
=53.87

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.

ProFrac Holding's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Dec. 2023 ) / Revenue (Q: Dec. 2023 )
=254.25 / 489.1
=0.52

* 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

Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate Inventory Turnover. An average inventory is a better indication.

ProFrac Holding Inventory Turnover Related Terms

Thank you for viewing the detailed overview of ProFrac Holding's Inventory Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

ProFrac Holding (ProFrac Holding) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » ProFrac Holding Corp (NAS:ACDC) » Definitions » Inventory Turnover
Comparable Companies
HLX KGS XPRO DNOW PUMP RES AESI CLB SLCA MRC SLB HAL BKR MIL:TEN FTI SHSE:601808 NOV WFRD CHX ASX:WOR
Traded in Other Exchanges
N/A
Address
333 Shops Boulevard, Suite 301, Willow Park, TX, USA, 76087
Website
https://www.profrac.com
ProFrac Holding Corp is engaged in providing hydraulic fracturing, completion services, and other complementary products and services to leading upstream oil and gas companies engaged in the exploration and production of North American unconventional oil and natural gas resources. Its operations are primarily focused in West Texas, East Texas/Louisiana, South Texas, Oklahoma, Uinta, and Appalachian. The company operates in three segments: stimulation services, manufacturing, and proppant production. Stimulation services, which generate the majority of the revenue for the company operate a fleet of mobile hydraulic fracturing units and other auxiliary equipment that generates revenue by providing stimulation services.
Executives
Thrc Holdings, Lp director, 10 percent owner, other: Director by Deputization 17018 INTERSTATE 20, CISCO TX 76437
Farris Wilks director, 10 percent owner, other: Director by Deputization 17018 INTERSTATE 20, CISCO TX 76437
Heather N Klein officer: Chief Administrative Officer C/O PROFRAC HOLDING CORP., 333 SHOPS BOULEVARD, SUITE 301, WILLOW PARK TX 76087
Robert J Willette officer: Chief Legal Officer, Secretary 333 SHOPS BOULEVARD, SUITE 301, WILLOW PARK TX 76087
Matthew Wilks director, officer: See Remarks 17010 IH-20, CISCO TX 76437
Johnathan Ladd Wilks officer: Chief Executive Officer 17010 INTERSTATE 20, CISCO TX 76437
Phillip Blaine Wilbanks officer: Chief Operating Officer 333 SHOPS BOULEVARD, SUITE 301, WILLOW PARK TX 76087
Matthew A Greenwood officer: Chief Commercial Officer C/O PROFRAC HOLDING CORP., 333 SHOPS BOULEVARD, SUITE 301, WILLOW PARK TX 76087
Sergei Krylov director 6500 WEST FREEWAY, SUITE 800, FORT WORTH TX 76116
Stacy Durbin Nieuwoudt director 20475 SH 249, SUITE 300, HOUSTON TX 77070
Gerald W Haddock director C/O ENSCO, 5847 SAN FELIPE, HOUSTON TX 77057
Theresa Glebocki director C/O TROPICANA ENTERTAINMENT INC., 8345 W. SUNSET ROAD, SUITE 200, LAS VEGAS NV 89113
Jo Ann Wilks director, 10 percent owner, other: Director by Deputization 17018 IH-20, CISCO TX 76437
Farris & Jo Ann Wilks 2022 Family Trust director, 10 percent owner, other: Director by Deputization 17018 IH-20, CISCO TX 76437
Randle James Coy Jr officer: Chief Operating Officer PO BOX 1966, PALESTINE TX 75802