Patterson-UTI Energy (FRA:PE1) Change In Inventory : €-15 Mil (TTM As of Sep. 2024)

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What is Patterson-UTI Energy Change In Inventory?

Patterson-UTI Energy's change in inventory for the quarter that ended in Sep. 2024 was €-5 Mil. It means Patterson-UTI Energy's inventory increased by €5 Mil from Jun. 2024 to Sep. 2024 .

Patterson-UTI Energy's change in inventory for the fiscal year that ended in Dec. 2023 was €-28 Mil. It means Patterson-UTI Energy's inventory increased by €28 Mil from Dec. 2022 to Dec. 2023 .

Patterson-UTI Energy's Total Inventories for the quarter that ended in Sep. 2024 was €156 Mil.

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 quarter that ended in Sep. 2024 was 11.53.

Inventory Turnover measures how fast the company turns over its inventory within a year. Patterson-UTI Energy's Inventory Turnover for the quarter that ended in Sep. 2024 was 7.91.

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 quarter that ended in Sep. 2024 was 0.13.

Patterson-UTI Energy Change In Inventory Historical Data

The historical data trend for Patterson-UTI Energy'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.

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Patterson-UTI Energy Change In Inventory Chart

Patterson-UTI Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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26.46

22.35

-2.31

-21.86

-28.24

Patterson-UTI Energy Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Change In Inventory	Get a 7-Day Free Trial															-15.98	-1.32	-9.74	0.75	-4.78

Patterson-UTI Energy 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 Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was €-15 Mil.

Patterson-UTI Energy (FRA:PE1) Change In Inventory Explanation

1. 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 quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	157.906	/	1249.315	*	365 / 4
	=	11.53

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

Patterson-UTI Energy's Inventory Turnover for the quarter that ended in Sep. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	1249.315	/	157.906
	=	7.91

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.

Patterson-UTI Energy's Inventory to Revenue for the quarter that ended in Sep. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	157.906	/	1222.857
	=	0.13

Patterson-UTI Energy Change In Inventory Related Terms

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Patterson-UTI Energy Business Description

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PTEN:USA 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. Its 2023 merger with NexTier greatly expanded its pressure pumping operations, as well, and the firm now controls nearly 20% of the North American market for drilling and completions services. It also provides directional drilling services and tool rental services in most US onshore oil and gas basins.

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