National Energy Services Reunited (National Energy Services Reunited) Inventory Turnover : 3.33 (As of Dec. 2021)

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What is National Energy Services Reunited 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. National Energy Services Reunited's Cost of Goods Sold for the three months ended in Dec. 2021 was $324.4 Mil. National Energy Services Reunited's Average Total Inventories for the quarter that ended in Dec. 2021 was $97.3 Mil. National Energy Services Reunited's Inventory Turnover for the quarter that ended in Dec. 2021 was 3.33.

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 three months ended in Dec. 2021 was 27.37.

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 quarter that ended in Dec. 2021 was 0.46.

National Energy Services Reunited Inventory Turnover Historical Data

The historical data trend for National Energy Services Reunited'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.

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National Energy Services Reunited Inventory Turnover Chart

National Energy Services Reunited Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Inventory Turnover

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7.63

8.92

9.48

8.44

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
Inventory Turnover	Get a 7-Day Free Trial															1.88	1.99	1.87	3.33	-

National Energy Services Reunited Inventory Turnover Calculation

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

	Inventory Turnover (A: Dec. 2022 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2022 )	/ (	(Total Inventories (A: Dec. 2021 )	+	Total Inventories (A: Dec. 2022 ))	/	count )
=	862.904	/ (	(93.864	+	110.521)	/	2 )
=	862.904	/	102.1925
=	8.44

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

	Inventory Turnover (Q: Dec. 2021 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2021 )	/ (	(Total Inventories (Q: Sep. 2021 )	+	Total Inventories (Q: Dec. 2021 ))	/	count )
=	324.418	/ (	(100.757	+	93.864)	/	2 )
=	324.418	/	97.3105
=	3.33

National Energy Services Reunited (OTCPK:NESR) 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.

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

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

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 quarter that ended in Dec. 2021 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2021 )	/	Revenue (Q: Dec. 2021 )
	=	97.3105	/	211.384
	=	0.46

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.

National Energy Services Reunited Inventory Turnover Related Terms

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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 » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

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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