Basic Energy Services (Basic Energy Services) Inventory-to-Revenue : 0.09 (As of Mar. 2021)

View and export this data going back to 2017. Start your Free Trial

What is Basic Energy Services Inventory-to-Revenue?

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. Basic Energy Services's Average Total Inventories for the quarter that ended in Mar. 2021 was $8.63 Mil. Basic Energy Services's Revenue for the three months ended in Mar. 2021 was $94.35 Mil. Basic Energy Services's Inventory-to-Revenue for the quarter that ended in Mar. 2021 was 0.09.

Basic Energy Services's Inventory-to-Revenue for the quarter that ended in Mar. 2021 increased from Dec. 2020 (0.09) to Dec. 2020 (0.09)

An increase in Inventory-to-Revenue from one quarter to the next indicates that one of the following is happening:

1. investment in inventory is growing more rapidly than revenue
2. revenue are dropping
No matter which situation is causing the problem, an increase in the Inventory-to-Revenue may signal an oncoming cash flow problem.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Basic Energy Services's Days Inventory for the three months ended in Mar. 2021 was 8.95.

Inventory Turnover measures how fast the company turns over its inventory within a year. Basic Energy Services's Inventory Turnover for the quarter that ended in Mar. 2021 was 10.19.

Basic Energy Services Inventory-to-Revenue Historical Data

The historical data trend for Basic Energy Services's Inventory-to-Revenue 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.

Basic Energy Services Inventory-to-Revenue Chart

Basic Energy Services Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Inventory-to-Revenue

Get a 7-Day Free Trial

0.07

0.04

0.05

0.04

Basic Energy Services Quarterly Data
	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21
Inventory-to-Revenue	Get a 7-Day Free Trial															0.14	0.14	0.10	0.09	0.09

Competitive Comparison of Basic Energy Services's Inventory-to-Revenue

For the Oil & Gas Equipment & Services subindustry, Basic Energy Services's Inventory-to-Revenue, along with its competitors' market caps and Inventory-to-Revenue 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.

Basic Energy Services's Inventory-to-Revenue Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Basic Energy Services's Inventory-to-Revenue distribution charts can be found below:

* The bar in red indicates where Basic Energy Services's Inventory-to-Revenue falls into.

Basic Energy Services Inventory-to-Revenue Calculation

Basic Energy Services's Inventory-to-Revenue for the fiscal year that ended in Dec. 2020 is calculated as

	Inventory-to-Revenue (A: Dec. 2020 )
=	Average Total Inventories					/	Revenue
=	( (Total Inventories (A: Dec. 2019 )	+	Total Inventories (A: Dec. 2020 ))	/	count )	/	Revenue (A: Dec. 2020 )
=	( (20.262	+	8.716)	/	2 )	/	411.375
=	14.489					/	411.375
=	0.04

Basic Energy Services's Inventory-to-Revenue for the quarter that ended in Mar. 2021 is calculated as

	Inventory-to-Revenue (Q: Mar. 2021 )
=	Average Total Inventories					/	Revenue
=	( (Total Inventories (Q: Dec. 2020 )	+	Total Inventories (Q: Mar. 2021 ))	/	count )	/	Revenue (Q: Mar. 2021 )
=	( (8.716	+	8.546)	/	2 )	/	94.347
=	8.631					/	94.347
=	0.09

Basic Energy Services (OTCPK:BASWQ) Inventory-to-Revenue Explanation

An increase in Inventory-to-Revenue from one quarter to the next indicates that one of the following is happening:

Likewise, a decrease in the Inventory-to-Revenue from one quarter to next indicates that one of these is occurring:

1. investment in inventory is shrinking in relation to revenue
2. revenue are increasing
No matter which situation is causing the reduction in the Inventory-to-Revenue, either one suggests that business's inventory levels and its cash flow are effectively managed.

More Related Terms:

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

Basic Energy Services's Days Inventory for the three months ended in Mar. 2021 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2021 )	/	Cost of Goods Sold (Q: Mar. 2021 )	*	Days in Period
	=	8.631	/	87.968	*	365 / 4
	=	8.95

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

Basic Energy Services's Inventory Turnover for the quarter that ended in Mar. 2021 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Mar. 2021 )	/	Average Total Inventories (Q: Mar. 2021 )
	=	87.968	/	8.631
	=	10.19

Basic Energy Services Inventory-to-Revenue Related Terms

Thank you for viewing the detailed overview of Basic Energy Services's Inventory-to-Revenue provided by GuruFocus.com. Please click on the following links to see related term pages.

Basic Energy Services (Basic Energy Services) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Basic Energy Services Inc (OTCPK:BASWQ) » Definitions » Inventory-to-Revenue

Comparable Companies

Traded in Other Exchanges

N/A

Address

801 Cherry Street, Suite 2100, Fort Worth, TX, USA, 76102

Website

https://www.basices.com

Basic Energy Services Inc is a provider of well-site services to oil and natural gas drilling and producing companies. Its operating segments are Completion and Remedial Services, Well Servicing, and Water Logistics. The company generates maximum revenue from Well Servicing segment. Its Well Servicing segment performs a full range of services with a mobile well servicing rig, or workover rig, and ancillary equipment.

Executives

Reeb Robert J. Iii	officer: VP and General Counsel	801 CHERRY STREET SUITE 2100 FORT WORTH TX 76102
Michael S Henry	officer: See Remarks	801 CHERRY STREET SUITE 2100 FORT WORTH TX 76102
Pedro R. Buhigas	officer: See Remarks	801 CHERRY STREET SUITE 2100 FORT WORTH TX 76102
Brandon B. Mcguire	officer: SVP, Central Region	801 CHERRY STREET SUITE 2100 FORT WORTH TX 76102
Ross Solomon	director	299 PARK AVENUE 34TH FLOOR NEW YORK NY 10171
Derek Jeong	director	299 PARK AVENUE 34TH FLOOR NEW YORK NY 10171
Sterling Renshaw	officer: SVP, Western Region	3990 ROGERDALE RD., HOUSTON TX 77042
Lawrence A. First	director	C/O ASCRIBE CAPITAL 299 PARK AVENUE, 34TH FLOOR NEW YORK NY 10171
Ascribe Iii Investments Llc	10 percent owner	299 PARK AVENUE 34TH FLOOR NEW YORK NY 10171
Ascribe Capital Llc	10 percent owner	590 MADISON AVENUE 38TH FLOOR NEW YORK NY 10022
American Securities Llc	10 percent owner	590 MADISON AVENUE, 38TH FLOOR, NEW YORK NY 10022
Keith L Schilling	director, officer: See Remarks	24955 INTERSTATE 45 NORTH, THE WOODLANDS TX 77380
David Scott Schorlemer	officer: See Remarks	16225 PARK TEN PLACE, SUITE 280, HOUSTON TX 77084
Richard Scott Wegner	officer: See Remarks	801 CHERRY STREET, SUITE 2100, UNIT #21 FORT WORTH TX 76102
Adam Logan Hurley	officer: See Remarks	801 CHERRY STREET, SUITE 2100, UNIT #21 FORT WORTH TX 76102