Source Energy Services (TSX:SHLE) Inventory Turnover: 1.62 (As of Mar. 2026)

What is Source Energy Services Inventory Turnover?

Source Energy Services TSX:SHLE +2.43% 69 Inventory Turnover is 1.62 as of Mar. 2026. GuruFocus rates TSX:SHLE with a GF Score™ of 69/100 and a GF Value™ of C$12.86 (Fairly Valued). The stock has 7 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. Source Energy Services's Cost of Goods Sold for the three months ended in Mar. 2026 was C$138.2 Mil. Source Energy Services's Average Total Inventories for the quarter that ended in Mar. 2026 was C$85.2 Mil. Source Energy Services's Inventory Turnover for the quarter that ended in Mar. 2026 was 1.62.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Source Energy Services's Days Inventory for the three months ended in Mar. 2026 was 56.28.

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. Source Energy Services's Inventory-to-Revenue for the quarter that ended in Mar. 2026 was 0.53.

Source Energy Services (TSX:SHLE) 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.

Source 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
	=	85.2425	/	138.198	*	365 / 4
	=	56.28

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.

Source 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 )
	=	85.2425	/	160.223
	=	0.53

* 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.

Source Energy Services Inventory Turnover Related Terms

Source Energy Services Inventory Turnover Historical Data

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

Source Energy Services Inventory Turnover Chart

Source Energy Services Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

Inventory Turnover

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5.11

5.55

5.84

6.26

6.43

Source 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															1.96	2.00	1.23	1.53	1.62

69GF Score

Source Energy Services Ltd TSX:SHLE

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

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Source Energy Services Inventory Turnover Calculation

Source 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 )
=	583.726	/ (	(89.427	+	92.221)	/	2 )
=	583.726	/	90.824
=	6.43

Source 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 )
=	138.198	/ (	(92.221	+	78.264)	/	2 )
=	138.198	/	85.2425
=	1.62

Frequently Asked Questions Learn more about Inventory Turnover →

What does a Inventory Turnover of 1.62 mean?

Source Energy Services (TSX:SHLE) has a Inventory Turnover of 1.62 as of Mar. 2026. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Source Energy Services and its competitors.

Is Source Energy Services' Inventory Turnover too high?

Source Energy Services' current Inventory Turnover is 1.62. Overall, Source Energy Services has a GF Score™ of 69/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.

How does Source Energy Services' Inventory Turnover compare to SLB and BKR?

Source Energy Services' Inventory Turnover of 1.62 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 Source Energy Services and its competitors. Source Energy Services's current Inventory Turnover is 1.62. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Source Energy Services stock overvalued right now?

Based on GuruFocus' analysis, Source Energy Services (TSX:SHLE) is currently considered Fairly Valued. The stock's GF Value™ is C$12.86, compared to a current price of C$13.93 — trading 8.3% above its estimated fair value. The current Inventory Turnover is 1.62. Source Energy Services' overall GF Score™ is 69/100 with 7 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 Source Energy Services (TSX:SHLE), the current Inventory Turnover is 1.62 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 Source Energy Services (TSX:SHLE) Overvalued in 2026?

Based on GuruFocus' analysis, Source Energy Services stock appears to be overvalued. The current stock price of C$13.93 is trading 8.3% above its estimated GF Value™ of C$12.86. GuruFocus considers Source Energy Services to be Fairly Valued.

Key valuation signals for TSX:SHLE:

Inventory Turnover: 1.62
GF Value™: C$12.86 vs. price of C$13.93 (8.3% above fair value)
GF Score™: 69/100 with 7 warning signs

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

Source Energy Services Business Description

Industry Energy Oil & Gas

Comparable Companies TSX:MTEK TSX:PSD TSX:FLNT TSX:E NEOE:ZEFI TSX:MCB TSX:SFD TSXV:HOH TSX:HWO TSX:BRY SLB BKR MIL:TEN HAL FTI SZSE:002353 OSL:SUBC MIL:SPM XPAR:GTT KGS

Other Exchanges SCEYF:USA S4O0:Germany

Address 438, 11th Avenue SE, Suite 500, Calgary, AB, CAN, T2G 0Y4

Website https://www.sourceenergyservices.com

Source Energy Services Ltd is a Canada-based company engaged in the integrated production and distribution of frac sand as well as the distribution of other bulk oil and gas well completion materials that aren't produced by Source. It provides customers with an end-to-end solution for frac sand supported by its Wisconsin, United States, and Peace River, Alberta, Canada mines and processing facilities, its Western Canadian terminal network, and its last-mile logistics capabilities, including its trucking operations, and Sahara, a proprietary well site mobile sand storage and handling system. The geographical segments of the group are the USA Operations and Canadian Operations.

69GF Score

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C$13.93

Price

C$12.86

GF Value

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