WFRD (Weatherford International) Change In Inventory : $-142 Mil (TTM As of Sep. 2024)

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What is Weatherford International Change In Inventory?

Weatherford International's change in inventory for the quarter that ended in Sep. 2024 was $-39 Mil. It means Weatherford International's inventory increased by $39 Mil from Jun. 2024 to Sep. 2024 .

Weatherford International's change in inventory for the fiscal year that ended in Dec. 2023 was $-114 Mil. It means Weatherford International's inventory increased by $114 Mil from Dec. 2022 to Dec. 2023 .

Weatherford International's Total Inventories for the quarter that ended in Sep. 2024 was $919 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Weatherford International's Days Inventory for the quarter that ended in Sep. 2024 was 89.71.

Inventory Turnover measures how fast the company turns over its inventory within a year. Weatherford International's Inventory Turnover for the quarter that ended in Sep. 2024 was 1.02.

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. Weatherford International's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 0.64.

Weatherford International Change In Inventory Historical Data

The historical data trend for Weatherford International'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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Weatherford International Change In Inventory Chart

Weatherford International Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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-215.00

64.00

-18.00

-56.00

-114.00

Weatherford International 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															-28.00	-11.00	-53.00	-39.00	-39.00

Weatherford International 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 $-142 Mil.

Weatherford International (NAS:WFRD) Change In Inventory Explanation

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

Weatherford International's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	901.5	/	917	*	365 / 4
	=	89.71

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

Weatherford International's Inventory Turnover for the quarter that ended in Sep. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	917	/	901.5
	=	1.02

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.

Weatherford International's Inventory to Revenue for the quarter that ended in Sep. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	901.5	/	1409
	=	0.64

Weatherford International Change In Inventory Related Terms

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Weatherford International Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Weatherford International PLC (NAS:WFRD) » Definitions » Change In Inventory

Comparable Companies

Traded in Other Exchanges

0WE:Germany 0WE:Germany

Address

2000 Street James Place, Houston, TX, USA, 77056

Website

https://www.weatherford.com

Weatherford International provides diversified oilfield services across international markets for an array of oilfield types. The firm is a global market leader in artificial lift and tubular running services. Other key product lines include cementing products, directional drilling, and wireline evaluation.

Executives

Desmond J Mills	officer: VP & Chief Accounting Officer	2000 ST. JAMES PLACE, HOUSTON TX 77056
Charles M Sledge	director	1611 SCENIC MOUNTAIN COURT, KINGWOOD TX 77345
Girish Saligram	director, officer: President and CEO	2000 ST. JAMES PLACE, HOUSTON TX 77056
Jacqueline C Mutschler	director	2000 ST. JAMES PLACE, HOUSTON TX 77056
Benjamin Duster	director	200 E. 84ST, 8TH FLOOR, NEW YORK NY 10028
Neal P Goldman	director	10700 PARKRIDGE BLVD., RESTON VA 20191
Scott C Weatherholt	officer: EVP, GC & CCO	321 SOUTH BOSTON AVE., SUITE 1000, TULSA OK 74103
Joseph H Mongrain	officer: EVP and CHRO	2000 ST. JAMES PLACE, HOUSTON TX 77056
Arunava Mitra	officer: EVP and CFO	2000 ST. JAMES PLACE, HOUSTON TX 77056
Charles Davison	officer: EVP - Operational Excellence	2000 ST. JAMES PLACE, HOUSTON TX 77056
H. Keith Jennings	officer: EVP and CFO	2000 ST. JAMES PLACE, HOUSTON TX 77056
Mark D Swift	officer: President - Western Hemisphere	2000 ST. JAMES PLACE, HOUSTON TX 77056
Christian A Garcia	officer: Chief Financial Officer	3000 N. SAM HOUSTON PARKWAY E., BLDG. J-4, HOUSTON TX 77032
John F Glick	director	TETRA TECHNOLOGIES, INC., 24955 INTERSTATE 45 N, THE WOODLANDS TX 77380
Bates Thomas R Jr	director	TETRA TECHNOLOGIES, INC., 24955 INTERSTATE 45 N, THE WOODLANDS TX 77380