DTI (Drilling Tools International) Days Inventory : 91.21 (As of Sep. 2024)

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What is Drilling Tools International Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Drilling Tools International's Average Total Inventories for the three months ended in Sep. 2024 was $16.0 Mil. Drilling Tools International's Cost of Goods Sold for the three months ended in Sep. 2024 was $16.0 Mil. Hence, Drilling Tools International's Days Inventory for the three months ended in Sep. 2024 was 91.21.

The historical rank and industry rank for Drilling Tools International's Days Inventory or its related term are showing as below:

DTI' s Days Inventory Range Over the Past 10 Years
Min: 18.84 Med: 19.46 Max: 68.12
Current: 68.12

During the past 3 years, Drilling Tools International's highest Days Inventory was 68.12. The lowest was 18.84. And the median was 19.46.

DTI's Days Inventory is ranked worse than
76.89% of 714 companies
in the Oil & Gas industry
Industry Median: 31.745 vs DTI: 68.12

Drilling Tools International's Days Inventory increased from Sep. 2023 (39.50) to Sep. 2024 (91.21). It might indicate that Drilling Tools International's sales slowed down.

Warning Sign:

If a company builds up inventory, it may mean it is having difficulties selling its goods.

Inventory Turnover measures how fast the company turns over its inventory within a year. Drilling Tools International's Inventory Turnover for the three months ended in Sep. 2024 was 1.00.

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. Drilling Tools International's Inventory-to-Revenue for the three months ended in Sep. 2024 was 0.40.

Drilling Tools International Days Inventory Historical Data

The historical data trend for Drilling Tools International's Days 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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Drilling Tools International Days Inventory Chart

Drilling Tools International Annual Data

Trend

Dec21

Dec22

Dec23

Days Inventory

18.84

19.46

27.16

Drilling Tools International Quarterly Data
	Dec21	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Days Inventory	Get a 7-Day Free Trial						39.50	39.58	54.07	75.80	91.21

Competitive Comparison of Drilling Tools International's Days Inventory

For the Oil & Gas Equipment & Services subindustry, Drilling Tools International's Days Inventory, along with its competitors' market caps and Days Inventory data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Drilling Tools International's Days Inventory Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Drilling Tools International's Days Inventory distribution charts can be found below:

* The bar in red indicates where Drilling Tools International's Days Inventory falls into.

Drilling Tools International Days Inventory Calculation

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

Drilling Tools International's Days Inventory for the fiscal year that ended in Dec. 2023 is calculated as

	Days Inventory (A: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (3.281	+	5.034)	/	2 )	/	55.871	*	365
=	4.1575					/	55.871	*	365
=	27.16

Drilling Tools International's Days Inventory for the quarter that ended in Sep. 2024 is calculated as:

	Days Inventory (Q: Sep. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Jun. 2024 )	+	Total Inventories (Q: Sep. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
=	( (14.609	+	17.352)	/	2 )	/	15.987	*	365 / 4
=	15.9805					/	15.987	*	365 / 4
=	91.21

Drilling Tools International (NAS:DTI) Days Inventory Explanation

Days Inventory indicates the liquidity of the inventory. Generally, a lower Days Inventory is preferred as it indicates a shorter duration to clear off the inventory. An increase of the ratio may indicate the company's sales slowed. Similar ratios related to Days Inventory are:

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

Drilling Tools International's Inventory Turnover for the three months ended in Sep. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	15.987	/	15.9805
	=	1.00

2. 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.

Drilling Tools International's Inventory to Revenue for the three months ended in Sep. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	15.9805	/	40.093
	=	0.40

Be Aware

A lot of business are seasonable. It makes more sense to compare Days Inventory from the same period in the previous year instead of from the previous quarter.

Drilling Tools International Days Inventory Related Terms

Thank you for viewing the detailed overview of Drilling Tools International's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.

Drilling Tools International Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Drilling Tools International Corp (NAS:DTI) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

3701 Briarpark Drive, Suite 150, Houston, TX, USA, 77042

Website

https://www.drillingtools.com

Drilling Tools International Corp manufactures, rents, inspects, and refurbishes downhole drilling tools primarily to companies in the oil and natural gas industry for bottom hole assemblies used in onshore and offshore horizontal and directional drilling. The Company's United States operations have locations in Texas, California, Louisiana, Oklahoma, Pennsylvania, North Dakota, New Mexico, Utah, and Wyoming. The Company's international operations are located in Canada with additional stocking points in Europe and the Middle East.

Executives

Thomas Monroe Patterson	director	801 CHERRY STREET, SUITE 2100, FORT WORTH TX 76102
Thomas O Hicks	director, 10 percent owner	2200 ROSS AVENUE, SUITE 4600 W, DALLAS TX 75201
David Richard Johnson	officer: Chief Financial Officer	27215 SYMPHONY CREEK LN, FULSHEAR TX 77441
Robert Wayne Prejean	director, officer: CEO, President	3701 BRIARPARK DRIVE, SUITE 150, HOUSTON TX 77042
Domino Michael Wayne Jr.	officer: President, DTR Division	3701 BRIARPARK DRIVE, SUITE 150, HOUSTON TX 77042
Vermillion Charles Richard Jr.	director	4605 POST OAK PLACE #202, HOUSTON TX 77027
L.p. Hhep-directional,	10 percent owner	2200 ROSS AVENUE, 50TH FLOOR, DALLAS TX 75201
Curt L. Crofford	director	100 CRESCENT COURT, SUITE 1200, DALLAS TX 75201
Eric C Neuman	director	100 CRESCENT COURT, SUITE 1200, DALLAS TX 75201
Jack D Furst	director	2591 LAKESIDE PARKWAY, SUITE 100, FLOWER MOUND TX 75022
Roc Energy Holdings, Llc	10 percent owner	16400 DALLAS PARKWAY, DALLAS TX 75248
Daniel Jeffrey Kimes	director, officer: Chief Executive Officer	16400 DALLAS PARKWAY, DALLAS TX 75248
Joseph Drysdale	director	16400 DALLAS PARKWAY, DALLAS TX 75248
Win Graham	director	16400 DALLAS PARKWAY, DALLAS TX 75248
Rosemarie Cicalese	officer: Chief Financial Officer	16400 DALLAS PARKWAY, DALLAS TX 75248