FLSS (Forbes Energy Services) Inventory Turnover: 0.00 (As of Mar. 2020)

What is Forbes Energy Services Inventory Turnover?

Forbes Energy Services FLSS -90.00% 16 Inventory Turnover is 0.00 as of Mar. 2020. GuruFocus rates FLSS 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. Forbes Energy Services's Cost of Goods Sold for the three months ended in Mar. 2020 was $34.8 Mil. Forbes Energy Services's Average Total Inventories for the quarter that ended in Mar. 2020 was $0.0 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Forbes Energy Services's Days Inventory for the three months ended in Mar. 2020 was 0.00.

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. Forbes Energy Services's Inventory-to-Revenue for the quarter that ended in Mar. 2020 was 0.00.

Forbes Energy Services (OTCPK:FLSS) 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.

Forbes Energy Services's Days Inventory for the three months ended in Mar. 2020 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2020 )	/	Cost of Goods Sold (Q: Mar. 2020 )	*	Days in Period
	=	0	/	34.805	*	365 / 4
	=	0.00

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.

Forbes Energy Services's Inventory to Revenue for the quarter that ended in Mar. 2020 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2020 )	/	Revenue (Q: Mar. 2020 )
	=	0	/	30.463
	=	0.00

* 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.

Forbes Energy Services Inventory Turnover Related Terms

Forbes Energy Services Inventory Turnover Historical Data

* Premium members only.

The historical data trend for Forbes Energy Services's Inventory Turnover can be seen below:

Forbes Energy Services Inventory Turnover Chart

Forbes Energy Services Annual Data

Trend

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Inventory Turnover

Get a 7-Day Free Trial

0.00

Forbes Energy Services Quarterly Data
	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20
Inventory Turnover	Get a 7-Day Free Trial															0.00	0.00	0.00	0.00	0.00

16GF Score

Forbes Energy Services Ltd FLSS

Inventory Turnover is just one metric. See GF Score™, valuation, warning signs, and more.

View Full Analysis

Forbes Energy Services Inventory Turnover Calculation

Forbes Energy Services's Inventory Turnover for the fiscal year that ended in Dec. 2019 is calculated as

	Inventory Turnover (A: Dec. 2019 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2019 )	/ (	(Total Inventories (A: Dec. 2018 )	+	Total Inventories (A: Dec. 2019 ))	/	count )
=	189.001	/ (	(0	+	0)	/	1 )
=	189.001	/	0
=	N/A

Forbes Energy Services's Inventory Turnover for the quarter that ended in Mar. 2020 is calculated as

	Inventory Turnover (Q: Mar. 2020 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2020 )	/ (	(Total Inventories (Q: Dec. 2019 )	+	Total Inventories (Q: Mar. 2020 ))	/	count )
=	34.805	/ (	(0	+	0)	/	1 )
=	34.805	/	0
=	N/A

Frequently Asked Questions Learn more about Inventory Turnover →

What does a Inventory Turnover of 0.00 mean?

Forbes Energy Services (FLSS) has a Inventory Turnover of 0.00 as of Mar. 2020. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Forbes Energy Services and its competitors.

Is Forbes Energy Services' Inventory Turnover too high?

Forbes Energy Services' current Inventory Turnover is 0.00. Overall, Forbes Energy Services has a GF Score™ of 16/100, reflecting its overall financial health beyond just this single metric.

How does Forbes Energy Services' Inventory Turnover compare to CRRTQ and HOSSQ?

Forbes Energy Services' Inventory Turnover of 0.00 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 Forbes Energy Services and its competitors. Forbes Energy Services's current Inventory Turnover is 0.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Forbes Energy Services stock overvalued right now?

Forbes Energy Services (FLSS) has a current Inventory Turnover of 0.00. The current Inventory Turnover is 0.00. Forbes Energy Services' 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 Forbes Energy Services (FLSS), the current Inventory Turnover is 0.00 as of Mar. 2020. 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.

Forbes Energy Services Business Description

Industry Energy Oil & Gas

Comparable Companies CRRTQ HOSSQ BANM SYNE SMGI ALYE SLB BKR HAL SHSE:601808 MIL:TEN XAMS:VPK NOV XKLS:7277 SZSE:002353 SHSE:600968 XPAR:FTI ASX:WOR SHSE:600583 XPAR:GTT

Address 3000 South Business Highway 281, Alice, TX, USA, 78332

Website http://www.forbesenergyservices.com

Forbes Energy Services Ltd operates as an oilfield services contractor that provides a wide range of well site services to oil and natural gas drilling and producing companies to help develop and enhance the production of oil and natural gas. The company operates in three business segments namely Well Servicing which is the key revenue driver, Coiled Tubing, and Fluid Logistics. These services include fluid hauling, fluid disposal, well maintenance, completion services, workovers and recompletions, plugging and abandonment, and tubing testing. Geographically, it operates in South, East, Central, and West Texas.

16GF Score

Get the complete analysis for FLSS

Inventory Turnover is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$0.00

Price

View FLSS Analysis

See Inventory Turnover data for all stocks →