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Basic Energy Services (Basic Energy Services) Change In Inventory : $6.39 Mil (TTM As of Mar. 2021)


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What is Basic Energy Services Change In Inventory?

Basic Energy Services's change in inventory for the quarter that ended in Mar. 2021 was $0.17 Mil. It means Basic Energy Services's inventory declined by $0.17 Mil from Dec. 2020 to Mar. 2021 .

Basic Energy Services's change in inventory for the fiscal year that ended in Dec. 2020 was $6.92 Mil. It means Basic Energy Services's inventory declined by $6.92 Mil from Dec. 2019 to Dec. 2020 .

Basic Energy Services's Total Inventories for the quarter that ended in Mar. 2021 was $8.55 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Basic Energy Services's Days Inventory for the quarter that ended in Mar. 2021 was 8.95.

Inventory Turnover measures how fast the company turns over its inventory within a year. Basic Energy Services's Inventory Turnover for the quarter that ended in Mar. 2021 was 10.19.

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. Basic Energy Services's Inventory-to-Revenue for the quarter that ended in Mar. 2021 was 0.09.


Basic Energy Services Change In Inventory Historical Data

The historical data trend for Basic Energy Services's Change In 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.

Basic Energy Services Change In Inventory Chart

Basic Energy Services Annual Data
Trend Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20
Change In Inventory
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.11 -0.71 -0.05 6.53 6.92

Basic Energy Services Quarterly Data
Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21
Change In Inventory Get a 7-Day Free Trial 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 0.70 2.20 1.17 2.84 0.17

Basic Energy Services Change In Inventory Calculation

Change In Inventory is the difference between last period's ending inventory and the current period's ending inventory.

Change In Inventory for the trailing twelve months (TTM) ended in Mar. 2021 adds up the quarterly data reported by the company within the most recent 12 months, which was $6.39 Mil.

* 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.


Basic Energy Services  (OTCPK:BASWQ) Change In Inventory Explanation

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

Basic Energy Services's Days Inventory for the quarter that ended in is calculated as:

Days Inventory=Average Total Inventories/Cost of Goods Sold*Days in Period
=8.631/87.968*365 / 4
=8.95

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

Basic Energy Services's Inventory Turnover for the quarter that ended in Mar. 2021 is calculated as

3. 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.

Basic Energy Services's Inventory to Revenue for the quarter that ended in Mar. 2021 is calculated as

* 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.


Basic Energy Services Change In Inventory Related Terms

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Basic Energy Services (Basic Energy Services) Business Description

Comparable Companies
Traded in Other Exchanges
N/A
Address
801 Cherry Street, Suite 2100, Fort Worth, TX, USA, 76102
Basic Energy Services Inc is a provider of well-site services to oil and natural gas drilling and producing companies. Its operating segments are Completion and Remedial Services, Well Servicing, and Water Logistics. The company generates maximum revenue from Well Servicing segment. Its Well Servicing segment performs a full range of services with a mobile well servicing rig, or workover rig, and ancillary equipment.
Executives
Reeb Robert J. Iii officer: VP and General Counsel 801 CHERRY STREET SUITE 2100 FORT WORTH TX 76102
Michael S Henry officer: See Remarks 801 CHERRY STREET SUITE 2100 FORT WORTH TX 76102
Pedro R. Buhigas officer: See Remarks 801 CHERRY STREET SUITE 2100 FORT WORTH TX 76102
Brandon B. Mcguire officer: SVP, Central Region 801 CHERRY STREET SUITE 2100 FORT WORTH TX 76102
Ross Solomon director 299 PARK AVENUE 34TH FLOOR NEW YORK NY 10171
Derek Jeong director 299 PARK AVENUE 34TH FLOOR NEW YORK NY 10171
Sterling Renshaw officer: SVP, Western Region 3990 ROGERDALE RD., HOUSTON TX 77042
Lawrence A. First director C/O ASCRIBE CAPITAL 299 PARK AVENUE, 34TH FLOOR NEW YORK NY 10171
Ascribe Iii Investments Llc 10 percent owner 299 PARK AVENUE 34TH FLOOR NEW YORK NY 10171
Ascribe Capital Llc 10 percent owner 590 MADISON AVENUE 38TH FLOOR NEW YORK NY 10022
American Securities Llc 10 percent owner 590 MADISON AVENUE, 38TH FLOOR, NEW YORK NY 10022
Keith L Schilling director, officer: See Remarks 24955 INTERSTATE 45 NORTH, THE WOODLANDS TX 77380
David Scott Schorlemer officer: See Remarks 16225 PARK TEN PLACE, SUITE 280, HOUSTON TX 77084
Richard Scott Wegner officer: See Remarks 801 CHERRY STREET, SUITE 2100, UNIT #21 FORT WORTH TX 76102
Adam Logan Hurley officer: See Remarks 801 CHERRY STREET, SUITE 2100, UNIT #21 FORT WORTH TX 76102