PDS (Precision Drilling) Inventory Turnover: 1.65 (As of Mar. 2026)

What is Precision Drilling Inventory Turnover?

Precision Drilling PDS -1.03% 71 Inventory Turnover is 1.65 as of Mar. 2026. GuruFocus rates PDS with a GF Score™ of 71/100 and a GF Value™ of $65.87 (Modestly Overvalued). The stock has 2 warning signs investors should review.

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. Precision Drilling's Cost of Goods Sold for the three months ended in Mar. 2026 was $61 Mil. Precision Drilling's Average Total Inventories for the quarter that ended in Mar. 2026 was $37 Mil. Precision Drilling's Inventory Turnover for the quarter that ended in Mar. 2026 was 1.65.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Precision Drilling's Days Inventory for the three months ended in Mar. 2026 was 55.20.

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. Precision Drilling's Inventory-to-Revenue for the quarter that ended in Mar. 2026 was 0.10.

Precision Drilling (NYSE:PDS) 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.

Precision Drilling's Days Inventory for the three months ended in Mar. 2026 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2026 )	/	Cost of Goods Sold (Q: Mar. 2026 )	*	Days in Period
	=	37.181	/	61.465	*	365 / 4
	=	55.20

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.

Precision Drilling's Inventory to Revenue for the quarter that ended in Mar. 2026 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2026 )	/	Revenue (Q: Mar. 2026 )
	=	37.181	/	383.419
	=	0.10

* 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.

Precision Drilling Inventory Turnover Related Terms

Precision Drilling Inventory Turnover Historical Data

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

Precision Drilling Inventory Turnover Chart

Precision Drilling Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

Inventory Turnover

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11.36

9.30

8.50

7.66

6.99

Precision Drilling Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25	Jun25	Sep25	Dec25	Mar26
Inventory Turnover	Get a 7-Day Free Trial															1.62	1.62	1.72	1.86	1.65

71GF Score

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

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Precision Drilling Inventory Turnover Calculation

Precision Drilling's Inventory Turnover for the fiscal year that ended in Dec. 2025 is calculated as

	Inventory Turnover (A: Dec. 2025 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2025 )	/ (	(Total Inventories (A: Dec. 2024 )	+	Total Inventories (A: Dec. 2025 ))	/	count )
=	230.449	/ (	(30.392	+	35.514)	/	2 )
=	230.449	/	32.953
=	6.99

Precision Drilling's Inventory Turnover for the quarter that ended in Mar. 2026 is calculated as

	Inventory Turnover (Q: Mar. 2026 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2026 )	/ (	(Total Inventories (Q: Dec. 2025 )	+	Total Inventories (Q: Mar. 2026 ))	/	count )
=	61.465	/ (	(35.514	+	38.848)	/	2 )
=	61.465	/	37.181
=	1.65

Frequently Asked Questions Learn more about Inventory Turnover →

What does a Inventory Turnover of 1.65 mean?

Precision Drilling (PDS) has a Inventory Turnover of 1.65 as of Mar. 2026. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Precision Drilling and its competitors.

Is Precision Drilling's Inventory Turnover too high?

Precision Drilling's current Inventory Turnover is 1.65. Overall, Precision Drilling has a GF Score™ of 71/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.

How does Precision Drilling's Inventory Turnover compare to NE and RIG?

Precision Drilling's Inventory Turnover of 1.65 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 Precision Drilling and its competitors. Precision Drilling's current Inventory Turnover is 1.65. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Precision Drilling stock overvalued right now?

Based on GuruFocus' analysis, Precision Drilling (PDS) is currently considered Modestly Overvalued. The stock's GF Value™ is $65.87, compared to a current price of $76.84 — trading 16.7% above its estimated fair value. The current Inventory Turnover is 1.65. Precision Drilling's overall GF Score™ is 71/100 with 2 warning signs to review. 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 Precision Drilling (PDS), the current Inventory Turnover is 1.65 as of Mar. 2026. 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.

Is Precision Drilling (PDS) Overvalued in 2026?

Based on GuruFocus' analysis, Precision Drilling stock appears to be overvalued. The current stock price of $76.84 is trading 16.7% above its estimated GF Value™ of $65.87. GuruFocus considers Precision Drilling to be Modestly Overvalued.

Key valuation signals for PDS:

Inventory Turnover: 1.65
GF Value™: $65.87 vs. price of $76.84 (16.7% above fair value)
GF Score™: 71/100 with 2 warning signs

No single metric tells the full story. See the PDS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Precision Drilling Business Description

Industry Energy Oil & Gas

Comparable Companies TSX:ESI TSX:PHX TSX:ACX TSX:AKT.A TSX:WRG TSXV:SDI TSXV:WGT ADX:ADNOCDRILL NE RIG SAU:2382 VAL SHSE:600871 PTEN HP SDRL SAU:2381 OSL:ODL BORR NBR

Other Exchanges PRE1:Germany PD:Canada

Address 525 - 8th Avenue SW, Suite 800, Calgary, AB, CAN, T2P 1G1

Website https://www.precisiondrilling.com

Precision Drilling Corp is a provider of contract drilling, completion, and production services to oil and natural gas exploration and production companies in Canada, the United States, and certain international locations. The company operates through two industry segments: Contract Drilling Services, which generates maximum revenue and includes drilling rigs, procurement and distribution of oilfield supplies, and the manufacture, sale, and repair of drilling equipment; and Completion and Production Services, which includes service rigs, oilfield equipment rental, and camp services. The company generates the majority of its revenue from the United States.

71GF Score

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

$76.84

Price

$65.87

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