Secure Energy Services (Secure Energy Services) Inventory Turnover : 13.39 (As of Mar. 2024)

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What is Secure 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. Secure Energy Services's Cost of Goods Sold for the three months ended in Mar. 2024 was $2,019 Mil. Secure Energy Services's Average Total Inventories for the quarter that ended in Mar. 2024 was $151 Mil. Secure Energy Services's Inventory Turnover for the quarter that ended in Mar. 2024 was 13.39.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Secure Energy Services's Days Inventory for the three months ended in Mar. 2024 was 6.82.

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. Secure Energy Services's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.07.

Secure Energy Services Inventory Turnover Historical Data

The historical data trend for Secure 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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Secure Energy Services Inventory Turnover Chart

Secure Energy Services Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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43.80

32.76

51.71

72.86

63.70

Secure Energy Services Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial															16.89	15.47	18.11	16.80	13.39

Secure Energy Services Inventory Turnover Calculation

Secure Energy Services'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 )
=	5763.268	/ (	(73.611	+	107.335)	/	2 )
=	5763.268	/	90.473
=	63.70

Secure Energy Services's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

	Inventory Turnover (Q: Mar. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2024 )	/ (	(Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )
=	2019.061	/ (	(107.335	+	194.297)	/	2 )
=	2019.061	/	150.816
=	13.39

Secure Energy Services (OTCPK:SECYF) 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.

Secure Energy Services's Days Inventory for the three months ended in Mar. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2024 )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
	=	150.816	/	2019.061	*	365 / 4
	=	6.82

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.

Secure Energy Services's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	150.816	/	2104.758
	=	0.07

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.

Secure Energy Services Inventory Turnover Related Terms

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Secure Energy Services (Secure Energy Services) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Secure Energy Services Inc (OTCPK:SECYF) » Definitions » Inventory Turnover

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SEP:Germany SES:Canada

Address

2300, 225 - 6th Avenue SW, Calgary, AB, CAN, T2P 1N2

Website

https://www.secure-energy.com

Secure Energy Services Inc provides fluids and solids solutions to the oil and gas industry. It operates in two segments: Midstream Infrastructure and Environmental and Fluid Management. Midstream Infrastructure owns and operates a network of facilities throughout western Canada, North Dakota, and Oklahoma. These facilities provide processing, storing, shipping, and marketing of crude oil; the processing of waste; and water treatment and disposal. The Environmental and Fluid Management segment includes a network of landfill disposal facilities; onsite abandonment, remediation, and reclamation management; a suite of comprehensive environmental management solutions. The company's geographical segments are Canada and the United States.