Parker Drilling Co (Parker Drilling Co) Change In Inventory : $0.0 Mil (TTM As of Dec. 2019)

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What is Parker Drilling Co Change In Inventory?

Parker Drilling Co's change in inventory for the quarter that ended in Dec. 2019 was $0.0 Mil. It means Parker Drilling Co's inventory stayed the same from Sep. 2019 to Dec. 2019 .

Parker Drilling Co's change in inventory for the fiscal year that ended in Dec. 2019 was $0.0 Mil. It means Parker Drilling Co's inventory stayed the same from Dec. 2018 to Dec. 2019 .

Parker Drilling Co's Total Inventories for the quarter that ended in Dec. 2019 was $23.3 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Parker Drilling Co's Days Inventory for the quarter that ended in Dec. 2019 was 14.38.

Inventory Turnover measures how fast the company turns over its inventory within a year. Parker Drilling Co's Inventory Turnover for the quarter that ended in Dec. 2019 was 6.35.

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. Parker Drilling Co's Inventory-to-Revenue for the quarter that ended in Dec. 2019 was 0.15.

Parker Drilling Co Change In Inventory Historical Data

The historical data trend for Parker Drilling Co'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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Parker Drilling Co Change In Inventory Chart

Parker Drilling Co Annual Data

Trend

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Change In Inventory

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2.72

-1.75

4.71

0.25

Parker Drilling Co Quarterly Data
	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19
Change In Inventory	Get a 7-Day Free Trial															-	-	-	-	-

Parker Drilling Co 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 Dec. 2019 adds up the quarterly data reported by the company within the most recent 12 months, which was $0.0 Mil.

Parker Drilling Co (OTCPK:PKDC) Change In Inventory Explanation

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

Parker Drilling Co's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	22.817	/	144.819	*	365 / 4
	=	14.38

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

Parker Drilling Co's Inventory Turnover for the quarter that ended in Dec. 2019 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	144.819	/	22.817
	=	6.35

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.

Parker Drilling Co's Inventory to Revenue for the quarter that ended in Dec. 2019 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	22.817	/	156.281
	=	0.15

Parker Drilling Co Change In Inventory Related Terms

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Parker Drilling Co (Parker Drilling Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Parker Drilling Co (OTCPK:PKDC) » Definitions » Change In Inventory

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Address

5 Greenway Plaza, Suite 100, Houston, TX, USA, 77046

Website

https://www.parkerdrilling.com

Parker Drilling Co is a provider of contract drilling and drilling-related services as well as rental tools and services. It reports its Drilling Services business into two segments namely U.S. (Lower 48) Drilling and International & Alaska Drilling. For Rental Tools Services business reports two segments namely U.S. Rental Tools and International Rental Tools. In the Drilling Services business, the company drill oil, natural gas, and geothermal wells. In Rental business, it provides rental equipment and services to exploration & production companies, drilling contractors and service companies on land and offshore in the United States.