ENSV (Enservco) Inventory Turnover: 17.22 (As of Jun. 2024)

What is Enservco Inventory Turnover?

Enservco ENSV 16 Inventory Turnover is 17.22 as of Jun. 2024. GuruFocus rates ENSV with a GF Score™ of 16/100.

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. Enservco's Cost of Goods Sold for the three months ended in Jun. 2024 was $3.70 Mil. Enservco's Average Total Inventories for the quarter that ended in Jun. 2024 was $0.22 Mil. Enservco's Inventory Turnover for the quarter that ended in Jun. 2024 was 17.22.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Enservco's Days Inventory for the three months ended in Jun. 2024 was 5.30.

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. Enservco's Inventory-to-Revenue for the quarter that ended in Jun. 2024 was 0.06.

Enservco (OTCPK:ENSV) 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.

Enservco's Days Inventory for the three months ended in Jun. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2024 )	/	Cost of Goods Sold (Q: Jun. 2024 )	*	Days in Period
	=	0.215	/	3.703	*	365 / 4
	=	5.30

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.

Enservco's Inventory to Revenue for the quarter that ended in Jun. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2024 )	/	Revenue (Q: Jun. 2024 )
	=	0.215	/	3.764
	=	0.06

* 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.

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.

Enservco Inventory Turnover Related Terms

Enservco Inventory Turnover Historical Data

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The historical data trend for Enservco's Inventory Turnover can be seen below:

Enservco Inventory Turnover Chart

Enservco Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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88.38

64.91

70.37

73.80

88.57

Enservco Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Inventory Turnover	Get a 7-Day Free Trial															14.53	15.38	27.83	34.10	17.22

16GF Score

Enservco Corp ENSV

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Enservco Inventory Turnover Calculation

Enservco's Inventory Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Inventory Turnover (A: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2023 )	/ (	(Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )
=	23.427	/ (	(0.32	+	0.209)	/	2 )
=	23.427	/	0.2645
=	88.57

Enservco's Inventory Turnover for the quarter that ended in Jun. 2024 is calculated as

	Inventory Turnover (Q: Jun. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jun. 2024 )	/ (	(Total Inventories (Q: Mar. 2024 )	+	Total Inventories (Q: Jun. 2024 ))	/	count )
=	3.703	/ (	(0.219	+	0.211)	/	2 )
=	3.703	/	0.215
=	17.22

Frequently Asked Questions Learn more about Inventory Turnover →

What does a Inventory Turnover of 17.22 mean?

Enservco (ENSV) has a Inventory Turnover of 17.22 as of Jun. 2024. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Enservco and its competitors.

Is Enservco's Inventory Turnover too high?

Enservco's current Inventory Turnover is 17.22. Overall, Enservco has a GF Score™ of 16/100, reflecting its overall financial health beyond just this single metric.

How does Enservco's Inventory Turnover compare to VYEY and SLB?

Enservco's Inventory Turnover of 17.22 can be compared against companies in the Oil & Gas industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good Inventory Turnover for an Oil & Gas company?

A good Inventory Turnover depends on the Oil & Gas industry context. However, Inventory Turnover should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.

What does a high Inventory Turnover mean?

A high Inventory Turnover can signal that a stock is expensive relative to its fundamentals. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Enservco and its competitors. Enservco's current Inventory Turnover is 17.22. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Enservco stock overvalued right now?

Enservco (ENSV) has a current Inventory Turnover of 17.22. The current Inventory Turnover is 17.22. Enservco's overall GF Score™ is 16/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is Inventory Turnover calculated?

Inventory Turnover is calculated from a company's financial statements. For Enservco (ENSV), the current Inventory Turnover is 17.22 as of Jun. 2024. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Enservco Business Description

Industry Energy Oil & Gas

Comparable Companies VYEY SLB BKR MIL:TEN HAL FTI SHSE:601808 XPAR:GTT XPAR:TE SHSE:600968 SGX:5E2 OSL:SUBC SZSE:002353 CHX NOV MIL:SPM ASX:WOR AROC XAMS:SBMO WFRD

Address 14133 County Road 9 1/2, Longmont, CO, USA, 80504

Website http://www.enservco.com

Enservco Corp operates in the oil and gas industry. It offers well enhancement and fluid management services to the domestic onshore oil and natural gas industry. The services include frac water heating, hot oiling, pressure testing, acidizing, bacteria and scale treatment, freshwater and saltwater hauling, fluid disposal, frac tank rental, well site construction, and other general oil field services. The company's reportable business segments are Production Services and Completion and Other Services, which derives maximum revenue. It operates in geographically diverse regions of the United States.

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