Enseco Energy Services (Enseco Energy Services) Inventory Turnover : 21.06 (As of Jun. 2015)

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What is Enseco Energy Services Inventory Turnover?

Inventory Turnover measures how fast the company turns over its inventory within a year. It is calculated as Cost of Goods Sold divided by Total Inventories. Enseco Energy Services's Cost of Goods Sold for the three months ended in Jun. 2015 was $4.09 Mil. Enseco Energy Services's Average Total Inventories for the quarter that ended in Jun. 2015 was $0.19 Mil. Enseco Energy Services's Inventory Turnover for the quarter that ended in Jun. 2015 was 21.06.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Enseco Energy Services's Days Inventory for the three months ended in Jun. 2015 was 4.33.

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. Enseco Energy Services's Inventory-to-Revenue for the quarter that ended in Jun. 2015 was 0.05.

Enseco Energy Services Inventory Turnover Historical Data

The historical data trend for Enseco Energy Services's Inventory Turnover 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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Enseco Energy Services Inventory Turnover Chart

Enseco Energy Services Annual Data

Trend

Mar07

Mar08

Mar09

Mar10

Mar11

Mar12

Dec13

Dec14

Inventory Turnover

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167.20

213.10

Enseco Energy Services Quarterly Data
	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15
Inventory Turnover	Get a 7-Day Free Trial															37.55	46.24	52.50	31.99	21.06

Enseco Energy Services Inventory Turnover Calculation

Enseco Energy Services's Inventory Turnover for the fiscal year that ended in Dec. 2014 is calculated as

	Inventory Turnover (A: Dec. 2014 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2014 )	/ (	(Total Inventories (A: Dec. 2013 )	+	Total Inventories (A: Dec. 2014 ))	/	count )
=	57.005	/ (	(0.264	+	0.271)	/	2 )
=	57.005	/	0.2675
=	213.10

Enseco Energy Services's Inventory Turnover for the quarter that ended in Jun. 2015 is calculated as

	Inventory Turnover (Q: Jun. 2015 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jun. 2015 )	/ (	(Total Inventories (Q: Mar. 2015 )	+	Total Inventories (Q: Jun. 2015 ))	/	count )
=	4.085	/ (	(0.184	+	0.204)	/	2 )
=	4.085	/	0.194
=	21.06

Enseco Energy Services (OTCPK:ENSRF) Inventory Turnover Explanation

Inventory Turnover measures how fast the company turns over its inventory within a year. A higher Inventory Turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.

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

Enseco Energy Services's Days Inventory for the three months ended in Jun. 2015 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2015 )	/	Cost of Goods Sold (Q: Jun. 2015 )	*	Days in Period
	=	0.194	/	4.085	*	365 / 4
	=	4.33

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.

Enseco Energy Services's Inventory to Revenue for the quarter that ended in Jun. 2015 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2015 )	/	Revenue (Q: Jun. 2015 )
	=	0.194	/	3.992
	=	0.05

Be Aware

Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate Inventory Turnover. An average inventory is a better indication.

Enseco Energy Services Inventory Turnover Related Terms

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Enseco Energy Services (Enseco Energy Services) Business Description

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Address

138 - 4th Avenue SE, Suite 800, Calgary, AB, CAN, T2G 4Z6

Website

http://www.enseco.ca

Enseco Energy Services Corp is primarily involved in the exploration of oil and natural resource business activities. It also involved in directional and horizontal drilling, production and frac flow backtesting. The company operates in two regions namely Western Canadian Sedimentary Basin and select markets in the United States of America (USA). It derives most of its revenues from the sale of the exploration business and has operations spread across Canada.

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