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Innovex Downhole Solutions (Innovex Downhole Solutions) Inventory Turnover : 0.00 (As of Sep. 2023)


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What is Innovex Downhole Solutions 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. Innovex Downhole Solutions's Cost of Goods Sold for the three months ended in Sep. 2023 was $0.00 Mil. Innovex Downhole Solutions's Average Total Inventories for the quarter that ended in Sep. 2023 was $138.41 Mil. Innovex Downhole Solutions's Inventory Turnover for the quarter that ended in Sep. 2023 was 0.00.

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

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.

Innovex Downhole Solutions Inventory Turnover Historical Data

The historical data trend for Innovex Downhole Solutions'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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Innovex Downhole Solutions Inventory Turnover Chart

Innovex Downhole Solutions Annual Data
Trend Dec21 Dec22
Inventory Turnover
2.25 2.71

Innovex Downhole Solutions Quarterly Data
Dec21 Sep22 Dec22 Sep23
Inventory Turnover - - 0.62 -

Innovex Downhole Solutions Inventory Turnover Calculation

Innovex Downhole Solutions's Inventory Turnover for the fiscal year that ended in Dec. 2022 is calculated as

Inventory Turnover (A: Dec. 2022 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (A: Dec. 2022 ) / ((Total Inventories (A: Dec. 2021 ) + Total Inventories (A: Dec. 2022 )) / count )
=310.036 / ((92.293 + 136.655) / 2 )
=310.036 / 114.474
=2.71

Innovex Downhole Solutions's Inventory Turnover for the quarter that ended in Sep. 2023 is calculated as

Inventory Turnover (Q: Sep. 2023 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (Q: Sep. 2023 ) / ((Total Inventories (Q: Dec. 2022 ) + Total Inventories (Q: Sep. 2023 )) / count )
=0 / ((136.655 + 140.155) / 2 )
=0 / 138.405
=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.

Innovex Downhole Solutions  (NYSE:INVX) 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.

Innovex Downhole Solutions's Days Inventory for the three months ended in Sep. 2023 is calculated as:

Days Inventory =Average Total Inventories (Q: Sep. 2023 )/Cost of Goods Sold (Q: Sep. 2023 )*Days in Period
=138.405/0*365 / 4
=

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.

Innovex Downhole Solutions's Inventory to Revenue for the quarter that ended in Sep. 2023 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Sep. 2023 ) / Revenue (Q: Sep. 2023 )
=138.405 / 0
=

* 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.

Innovex Downhole Solutions Inventory Turnover Related Terms

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Innovex Downhole Solutions (Innovex Downhole Solutions) Business Description

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Innovex Downhole Solutions Inc designs, manufactures, sells and rents mission critical engineered products to the global oil and natural gas industry. Its products include Well head system, Drilling and development, Well construction, Well completion, Production solution and fishing and intervention.

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