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Innovex Downhole Solutions (Innovex Downhole Solutions) Days Payable : 0.00 (As of Sep. 2023)


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What is Innovex Downhole Solutions Days Payable?

Innovex Downhole Solutions's average Accounts Payable for the three months ended in Sep. 2023 was $40.68 Mil. Innovex Downhole Solutions's Cost of Goods Sold for the three months ended in Sep. 2023 was $0.00 Mil.

The historical rank and industry rank for Innovex Downhole Solutions's Days Payable or its related term are showing as below:

INVX's Days Payable is not ranked *
in the Oil & Gas industry.
Industry Median: 61.41
* Ranked among companies with meaningful Days Payable only.

Innovex Downhole Solutions's Days Payable stayed the same from . 20 (0.00) to Sep. 2023 (0.00). stayed the same

Innovex Downhole Solutions Days Payable Historical Data

The historical data trend for Innovex Downhole Solutions's Days Payable 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.

* Premium members only.

Innovex Downhole Solutions Days Payable Chart

Innovex Downhole Solutions Annual Data
Trend Dec21 Dec22
Days Payable
67.45 47.08

Innovex Downhole Solutions Quarterly Data
Dec21 Sep22 Dec22 Sep23
Days Payable - - 44.51 -

Competitive Comparison of Innovex Downhole Solutions's Days Payable

For the Oil & Gas Equipment & Services subindustry, Innovex Downhole Solutions's Days Payable, along with its competitors' market caps and Days Payable 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.

Innovex Downhole Solutions's Days Payable Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Innovex Downhole Solutions's Days Payable distribution charts can be found below:

* The bar in red indicates where Innovex Downhole Solutions's Days Payable falls into.


Innovex Downhole Solutions Days Payable Calculation

Days Payable indicates the number of days that the account payable relative to cost of goods sold the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

Innovex Downhole Solutions's Days Payable for the fiscal year that ended in Dec. 2022 is calculated as

Days Payable (A: Dec. 2022 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Dec. 2021 ) + Accounts Payable (A: Dec. 2022 )) / count ) / Cost of Goods Sold (A: Dec. 2022 )*Days in Period
=( (38.335 + 41.65) / 2 ) / 310.036*365
=39.9925 / 310.036*365
=47.08

Innovex Downhole Solutions's Days Payable for the quarter that ended in Sep. 2023 is calculated as:

Days Payable (Q: Sep. 2023 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Dec. 2022 ) + Accounts Payable (Q: Sep. 2023 )) / count ) / Cost of Goods Sold (Q: Sep. 2023 )*Days in Period
=( (41.65 + 39.718) / 2 ) / 0*365 / 4
=40.684 / 0*365 / 4
=N/A

* 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.

Innovex Downhole Solutions Days Payable Related Terms

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Innovex Downhole Solutions (Innovex Downhole Solutions) Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Innovex Downhole Solutions Inc (NYSE:INVX) » Definitions » Days Payable
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Innovex Downhole Solutions Inc designs, manufactures, sells and rents mission critical engineered products to the global oil and natural gas industry. Its products include Well head system, Drilling and development, Well construction, Well completion, Production solution and fishing and intervention.

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