PHX Energy Services (TSX:PHX) Inventory-to-Revenue : 0.38 (As of Dec. 2023)

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What is PHX 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. PHX Energy Services's Average Total Inventories for the quarter that ended in Dec. 2023 was C$63.4 Mil. PHX Energy Services's Revenue for the three months ended in Dec. 2023 was C$165.3 Mil. PHX Energy Services's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.38.

PHX Energy Services's Inventory-to-Revenue for the quarter that ended in Dec. 2023 declined from Sep. 2023 (0.39) to Sep. 2023 (0.38)

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.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. PHX Energy Services's Days Inventory for the three months ended in Dec. 2023 was 44.74.

Inventory Turnover measures how fast the company turns over its inventory within a year. PHX Energy Services's Inventory Turnover for the quarter that ended in Dec. 2023 was 2.04.

PHX Energy Services Inventory-to-Revenue Historical Data

The historical data trend for PHX 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.

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PHX Energy Services Inventory-to-Revenue Chart

PHX Energy Services Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory-to-Revenue

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0.08

0.12

0.09

0.10

PHX Energy Services Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Inventory-to-Revenue	Get a 7-Day Free Trial															0.39	0.39	0.43	0.39	0.38

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

For the Oil & Gas Drilling subindustry, PHX 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.

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

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

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

PHX Energy Services Inventory-to-Revenue Calculation

PHX Energy Services's Inventory-to-Revenue for the fiscal year that ended in Dec. 2023 is calculated as

	Inventory-to-Revenue (A: Dec. 2023 )
=	Average Total Inventories					/	Revenue
=	( (Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )	/	Revenue (A: Dec. 2023 )
=	( (63.12	+	63.173)	/	2 )	/	656.341
=	63.1465					/	656.341
=	0.10

PHX Energy Services's Inventory-to-Revenue for the quarter that ended in Dec. 2023 is calculated as

	Inventory-to-Revenue (Q: Dec. 2023 )
=	Average Total Inventories					/	Revenue
=	( (Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Revenue (Q: Dec. 2023 )
=	( (63.57	+	63.173)	/	2 )	/	165.333
=	63.3715					/	165.333
=	0.38

PHX Energy Services (TSX:PHX) Inventory-to-Revenue Explanation

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.

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

More Related Terms:

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

PHX Energy Services's Days Inventory for the three months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	63.3715	/	129.241	*	365 / 4
	=	44.74

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

PHX Energy Services's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Dec. 2023 )	/	Average Total Inventories (Q: Dec. 2023 )
	=	129.241	/	63.3715
	=	2.04

PHX Energy Services Inventory-to-Revenue Related Terms

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PHX Energy Services (TSX:PHX) Business Description

Industry

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PHXHF:USA

Address

250-2nd Street South West, Suite 1400, Calgary, AB, CAN, T2P 0C1

Website

https://www.phxtech.com

PHX Energy Services Corp is an oil and natural gas service company. The firm, through its directional drilling subsidiary entities, provides horizontal and directional drilling services to oil and natural gas exploration and development companies principally in Canada and the us. PHX Energy has developed various new technologies that have positioned the corporation technology in the horizontal and directional drilling services sector in North America. The Corporation also operates in the Middle East regions through an arrangement with National Energy Services Reunited Corp.

Executives