WEEEF (Western Energy Services) Change In Inventory : $0.0 Mil (TTM As of Sep. 2024)

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What is Western Energy Services Change In Inventory?

Western Energy Services's change in inventory for the quarter that ended in Sep. 2024 was $0.0 Mil. It means Western Energy Services's inventory stayed the same from Jun. 2024 to Sep. 2024 .

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

Western Energy Services's Total Inventories for the quarter that ended in Sep. 2024 was $2.7 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Western Energy Services's Days Inventory for the quarter that ended in Sep. 2024 was 32.59.

Inventory Turnover measures how fast the company turns over its inventory within a year. Western Energy Services's Inventory Turnover for the quarter that ended in Sep. 2024 was 2.80.

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. Western Energy Services's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 0.06.

Western Energy Services Change In Inventory Historical Data

The historical data trend for Western 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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Western Energy Services Change In Inventory Chart

Western Energy Services Annual Data

Trend

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Change In Inventory

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Western Energy Services Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
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Western 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 Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $0.0 Mil.

Western Energy Services (OTCPK:WEEEF) Change In Inventory Explanation

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

Western 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
	=	2.654	/	7.431	*	365 / 4
	=	32.59

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

Western Energy Services's Inventory Turnover for the quarter that ended in Sep. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	7.431	/	2.654
	=	2.80

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.

Western Energy Services's Inventory to Revenue for the quarter that ended in Sep. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	2.654	/	43.07
	=	0.06

Western Energy Services Change In Inventory Related Terms

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Western Energy Services Business Description

Industry

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W1T:Germany WRG:Canada

Address

215 - 9th Avenue SW, Suite 1700, Calgary, AB, CAN, T2P 1K3

Website

https://www.wesc.ca

Western Energy Services Corp operates as an oilfield service industry in Canada and the United States of America. The company functions its drilling services through two segments namely, Contract drilling and Production services. Its contract drilling segment is involved in drilling rigs with ancillary equipment as well as provides such services to crude oil and natural gas exploration and production companies. The production service segment includes well servicing rigs and related equipment, and oilfield rental equipment. It generates revenue mainly through its Contract drilling operation segment.