Ensign Energy Services (TSX:ESI) Inventory Turnover: 8.57 (As of Mar. 2026)

What is Ensign Energy Services Inventory Turnover?

Ensign Energy Services TSX:ESI +5.86% 75 Inventory Turnover is 8.57 as of Mar. 2026. GuruFocus rates TSX:ESI with a GF Score™ of 75/100 and a GF Value™ of C$2.38 (Significantly Overvalued). The stock has 3 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. Ensign Energy Services's Cost of Goods Sold for the three months ended in Mar. 2026 was C$394 Mil. Ensign Energy Services's Average Total Inventories for the quarter that ended in Mar. 2026 was C$46 Mil. Ensign Energy Services's Inventory Turnover for the quarter that ended in Mar. 2026 was 8.57.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Ensign Energy Services's Days Inventory for the three months ended in Mar. 2026 was 10.64.

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. Ensign Energy Services's Inventory-to-Revenue for the quarter that ended in Mar. 2026 was 0.11.

Ensign Energy Services (TSX:ESI) 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.

Ensign Energy Services'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
	=	45.903	/	393.541	*	365 / 4
	=	10.64

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.

Ensign Energy Services'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 )
	=	45.903	/	418.033
	=	0.11

* 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.

Ensign Energy Services Inventory Turnover Related Terms

Ensign Energy Services Inventory Turnover Historical Data

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

Ensign Energy Services Inventory Turnover Chart

Ensign Energy Services Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

Inventory Turnover

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20.27

26.13

26.38

28.57

32.51

Ensign Energy Services 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															8.05	7.72	8.62	8.71	8.57

75GF Score

Ensign Energy Services Inc TSX:ESI

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

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Ensign Energy Services Inventory Turnover Calculation

Ensign Energy Services'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 )
=	1538.953	/ (	(50.473	+	44.194)	/	2 )
=	1538.953	/	47.3335
=	32.51

Ensign Energy Services'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 )
=	393.541	/ (	(44.194	+	47.612)	/	2 )
=	393.541	/	45.903
=	8.57

Frequently Asked Questions Learn more about Inventory Turnover →

What does a Inventory Turnover of 8.57 mean?

Ensign Energy Services (TSX:ESI) has a Inventory Turnover of 8.57 as of Mar. 2026. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Ensign Energy Services and its competitors.

Is Ensign Energy Services' Inventory Turnover too high?

Ensign Energy Services' current Inventory Turnover is 8.57. Overall, Ensign Energy Services has a GF Score™ of 75/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.

How does Ensign Energy Services' Inventory Turnover compare to NE and RIG?

Ensign Energy Services' Inventory Turnover of 8.57 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 Ensign Energy Services and its competitors. Ensign Energy Services's current Inventory Turnover is 8.57. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Ensign Energy Services stock overvalued right now?

Based on GuruFocus' analysis, Ensign Energy Services (TSX:ESI) is currently considered Significantly Overvalued. The stock's GF Value™ is C$2.38, compared to a current price of C$3.43 — trading 44.1% above its estimated fair value. The current Inventory Turnover is 8.57. Ensign Energy Services' overall GF Score™ is 75/100 with 3 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 Ensign Energy Services (TSX:ESI), the current Inventory Turnover is 8.57 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 Ensign Energy Services (TSX:ESI) Overvalued in 2026?

Based on GuruFocus' analysis, Ensign Energy Services stock appears to be overvalued. The current stock price of C$3.43 is trading 44.1% above its estimated GF Value™ of C$2.38. GuruFocus considers Ensign Energy Services to be Significantly Overvalued.

Key valuation signals for TSX:ESI:

Inventory Turnover: 8.57
GF Value™: C$2.38 vs. price of C$3.43 (44.1% above fair value)
GF Score™: 75/100 with 3 warning signs

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

Ensign Energy Services Business Description

Industry Energy Oil & Gas

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

Other Exchanges ESVIF:USA ENB:Germany

Address 400, 5th Avenue South West, Suite 1000, Calgary, AB, CAN, T2P 0L6

Website https://www.ensignenergy.com

Ensign Energy Services Inc provides oilfield services to the crude oil and natural gas industries in Canada, the United States, and internationally. In Canada, the Company's oilfield services business includes drilling rigs, oil sands/coring rigs, well servicing, underbalanced and managed pressure drilling, and equipment rental services. In the United States, it offers drilling rigs, directional services, well servicing, equipment rental services, and trucking services, and Internationally. Geographically the company operates in nine countries; Canada, the United States, Argentina, Australia, Bahrain, Kuwait, Oman, United Arab Emirates, and Venezuela.

75GF Score

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C$3.43

Price

C$2.38

GF Value

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