PHX Energy Services (TSX:PHX) Change In Inventory : C$0.0 Mil (TTM As of Dec. 2023)

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What is PHX Energy Services Change In Inventory?

PHX Energy Services's change in inventory for the quarter that ended in Dec. 2023 was C$0.0 Mil. It means PHX Energy Services's inventory stayed the same from Sep. 2023 to Dec. 2023 .

PHX Energy Services's change in inventory for the fiscal year that ended in Dec. 2023 was C$0.0 Mil. It means PHX Energy Services's inventory stayed the same from Dec. 2022 to Dec. 2023 .

PHX Energy Services's Total Inventories for the quarter that ended in Dec. 2023 was C$63.2 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. PHX Energy Services's Days Inventory for the quarter that ended in Dec. 2023 was 44.74.

Inventory Turnover measures how fast the company turns over its inventory within a year. PHX Energy Services's Inventory Turnover for the quarter that ended in Dec. 2023 was 2.04.

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. PHX Energy Services's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.38.

PHX Energy Services Change In Inventory Historical Data

The historical data trend for PHX 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.

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PHX Energy Services Change In Inventory Chart

PHX Energy Services Annual Data

Trend

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Change In Inventory

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PHX Energy Services Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
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PHX 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was C$0.0 Mil.

PHX Energy Services (TSX:PHX) Change In Inventory Explanation

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

PHX 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
	=	63.3715	/	129.241	*	365 / 4
	=	44.74

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

PHX Energy Services's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	129.241	/	63.3715
	=	2.04

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.

PHX Energy Services's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	63.3715	/	165.333
	=	0.38

PHX Energy Services Change In Inventory Related Terms

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PHX Energy Services (TSX:PHX) Business Description

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PHXHF:USA

Address

250-2nd Street South West, Suite 1400, Calgary, AB, CAN, T2P 0C1

Website

https://www.phxtech.com

PHX Energy Services Corp is an oil and natural gas service company. The firm, through its directional drilling subsidiary entities, provides horizontal and directional drilling services to oil and natural gas exploration and development companies principally in Canada and the us. PHX Energy has developed various new technologies that have positioned the corporation technology in the horizontal and directional drilling services sector in North America. The Corporation also operates in the Middle East regions through an arrangement with National Energy Services Reunited Corp.

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