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DTI (Drilling Tools International) Total Inventories : $17.5 Mil (As of Dec. 2024)


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What is Drilling Tools International Total Inventories?

Drilling Tools International's total inventories for the quarter that ended in Dec. 2024 was $17.5 Mil. Drilling Tools International's average total inventories from the quarter that ended in Sep. 2024 to the quarter that ended in Dec. 2024 was $17.4 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Drilling Tools International's Net-Net Working Capital per share for the quarter that ended in Dec. 2024 was $-1.67.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Drilling Tools International's Days Inventory for the three months ended in Dec. 2024 was 94.92.

Inventory Turnover measures how fast the company turns over its inventory within a year. Drilling Tools International's Inventory Turnover for the quarter that ended in Dec. 2024 was 0.96.

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. Drilling Tools International's Inventory-to-Revenue for the quarter that ended in Dec. 2024 was 0.44.


Drilling Tools International Total Inventories Historical Data

The historical data trend for Drilling Tools International's Total Inventories 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.

* Premium members only.

Drilling Tools International Total Inventories Chart

Drilling Tools International Annual Data
Trend Dec21 Dec22 Dec23 Dec24
Total Inventories
2.34 3.28 5.03 17.50

Drilling Tools International Quarterly Data
Dec21 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
Total Inventories Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only 5.03 11.44 14.61 17.35 17.50

Drilling Tools International Total Inventories Calculation

Total Inventories includes the raw materials, work-in-process goods and completely finished goods of a company. It is a portion of a company's current assets.


Drilling Tools International  (NAS:DTI) Total Inventories Explanation

Inventory control is an important part of business operation. If a company does not have enough inventory, it may not be able to meet customers' required delivery time. If it has too much inventory, the cost of holding the inventory can be high.

1. In Ben Graham's calculation of Net-Net Working Capital (NNWC), inventory is only considered worth half of its book value.

Drilling Tools International's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2024 is

Net-Net Working Capital Per Share (Q: Dec. 2024 )
=(Cash And Cash Equivalents+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(6.185+0.75 * 39.606+0.5 * 17.502-102.472
-0-0)/34.705
=-1.67

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

Drilling Tools International's Days Inventory for the three months ended in Dec. 2024 is calculated as:

Days Inventory=Average Total Inventories (Q: Dec. 2024 )/Cost of Goods Sold (Q: Dec. 2024 )*Days in Period
=17.427/16.754*365 / 4
=94.92

3. Inventory Turnover measures how fast the company turns over its inventory within a year.

Drilling Tools International's Inventory Turnover for the quarter that ended in Dec. 2024 is calculated as

Inventory Turnover=Cost of Goods Sold (Q: Dec. 2024 ) / Average Total Inventories (Q: Dec. 2024 )
=16.754 / 17.427
=0.96

4. 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.

Drilling Tools International's Inventory to Revenue for the quarter that ended in Dec. 2024 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Dec. 2024 ) / Revenue (Q: Dec. 2024 )
=17.427 / 39.846
=0.44

* 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

Manufacturers with durable competitive advantages have the advantage that the products they sell do not change, and therefore will never become obsolete. Buffett likes this advantage.

When identifying manufacturers with durable competitive advantage, look for inventory and net earnings that rise correspondingly. This indicates that the company is finding profitable ways to increase sales which called for an increase in inventory.

Manufacturers with inventories that spike up and down are indicative of competitive industries subject to boom and bust.


Drilling Tools International Total Inventories Related Terms

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Drilling Tools International Business Description

Traded in Other Exchanges
N/A
Address
3701 Briarpark Drive, Suite 150, Houston, TX, USA, 77042
Drilling Tools International Corp manufactures, rents, inspects, and refurbishes downhole drilling tools primarily to companies in the oil and natural gas industry for bottom hole assemblies used in onshore and offshore horizontal and directional drilling. The company's United States operations have locations in Texas, California, Louisiana, Oklahoma, Pennsylvania, North Dakota, New Mexico, Utah, and Wyoming. The company's single segment derives revenues from customers by providing oilfield equipment and services to operators in the oil and natural gas sectors.
Executives
Thomas Monroe Patterson director 801 CHERRY STREET, SUITE 2100, FORT WORTH TX 76102
Thomas O Hicks director, 10 percent owner 2200 ROSS AVENUE, SUITE 4600 W, DALLAS TX 75201
David Richard Johnson officer: Chief Financial Officer 27215 SYMPHONY CREEK LN, FULSHEAR TX 77441
Robert Wayne Prejean director, officer: CEO, President 3701 BRIARPARK DRIVE, SUITE 150, HOUSTON TX 77042
Domino Michael Wayne Jr. officer: President, DTR Division 3701 BRIARPARK DRIVE, SUITE 150, HOUSTON TX 77042
Vermillion Charles Richard Jr. director 4605 POST OAK PLACE #202, HOUSTON TX 77027
L.p. Hhep-directional, 10 percent owner 2200 ROSS AVENUE, 50TH FLOOR, DALLAS TX 75201
Curt L. Crofford director 100 CRESCENT COURT, SUITE 1200, DALLAS TX 75201
Eric C Neuman director 100 CRESCENT COURT, SUITE 1200, DALLAS TX 75201
Jack D Furst director 2591 LAKESIDE PARKWAY, SUITE 100, FLOWER MOUND TX 75022
Roc Energy Holdings, Llc 10 percent owner 16400 DALLAS PARKWAY, DALLAS TX 75248
Daniel Jeffrey Kimes director, officer: Chief Executive Officer 16400 DALLAS PARKWAY, DALLAS TX 75248
Joseph Drysdale director 16400 DALLAS PARKWAY, DALLAS TX 75248
Win Graham director 16400 DALLAS PARKWAY, DALLAS TX 75248
Rosemarie Cicalese officer: Chief Financial Officer 16400 DALLAS PARKWAY, DALLAS TX 75248