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FET (Forum Energy Technologies) Total Inventories : $265.5 Mil (As of Dec. 2024)


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What is Forum Energy Technologies Total Inventories?

Forum Energy Technologies's total inventories for the quarter that ended in Dec. 2024 was $265.5 Mil. Forum Energy Technologies's average total inventories from the quarter that ended in Sep. 2024 to the quarter that ended in Dec. 2024 was $276.2 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Forum Energy Technologies's Net-Net Working Capital per share for the quarter that ended in Dec. 2024 was $-16.53.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Forum Energy Technologies's Days Inventory for the three months ended in Dec. 2024 was 181.91.

Inventory Turnover measures how fast the company turns over its inventory within a year. Forum Energy Technologies's Inventory Turnover for the quarter that ended in Dec. 2024 was 0.50.

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. Forum Energy Technologies's Inventory-to-Revenue for the quarter that ended in Dec. 2024 was 1.37.


Forum Energy Technologies Total Inventories Historical Data

The historical data trend for Forum Energy Technologies'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.

Forum Energy Technologies Total Inventories Chart

Forum Energy Technologies Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Total Inventories
Get a 7-Day Free Trial Premium Member Only Premium Member Only 251.75 241.74 269.83 299.64 265.49

Forum Energy Technologies Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 299.64 303.00 291.09 286.94 265.49

Forum Energy Technologies 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.


Forum Energy Technologies  (NYSE:FET) 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.

Forum Energy Technologies'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)
=(44.661+0.75 * 153.926+0.5 * 265.487-496.054
-0-0)/12.290
=-16.53

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

Forum Energy Technologies'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
=276.213/138.553*365 / 4
=181.91

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

Forum Energy Technologies'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 )
=138.553 / 276.213
=0.50

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.

Forum Energy Technologies'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 )
=276.213 / 201.018
=1.37

* 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.


Forum Energy Technologies Total Inventories Related Terms

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Forum Energy Technologies Business Description

Traded in Other Exchanges
Address
10344 Sam Houston Park Drive, Suite 300, Houston, TX, USA, 77064
Forum Energy Technologies Inc is a products company, serving the oil, natural gas, industrial and renewable energy industries. The company designs, manufactures, and distributes products and engages in aftermarket parts supply and services that complement its product offering. Its products include engineered capital equipment, as well as products that are consumed in the drilling, well construction, production, and transportation of oil and natural gas. It operates in two reporting segments, namely Drilling and Completions and Artificial Lift and Downhole. Revenue largely comes from Artificial Lift and Downhole segment.
Executives
Neal Lux officer: SVP Operations 10344 SAM HOUSTON PARK DRIVE, SUITE 300, HOUSTON TX 77064
C Christopher Gaut director, officer: President, CEO & COB 1401 MCKINNEY STREET, SUITE 2400, HOUSTON TX 77010
Louis Raspino director 1330 POST OAK BLVD, STE 2700, HOUSTON TX 77056
John C Ivascu officer: SVP and General Counsel 920 MEMORIAL CITY WAY, SUITE 1000, HOUSTON TX 77024
Katherine Campbell Keller officer: VP PAO 10344 SAM HOUSTON PARK DRIVE, SUITE 300, HOUSTON TX 77064
Scf Partners, Inc. 10 percent owner, other: Member of Group 600 TRAVIS STE 6600, HOUSTON TX 77002
Rowsey Paul E Iii director CRESCENT REAL ESTATE EQUAITIES LTD, 777 MAIN STREET, FORT WORTH TX 76102
Emily Reichert director 10344 SAM HOUSTON PARK DRIVE, SUITE 300, HOUSTON TX 77064
Evelyn M Angelle director 10200 BELLAIRE BLVD., 2NE-12A, HOUSTON TX 77072
Andrew L Waite director
David C Baldwin director 11700 OLD KATY ROAD, SUITE 300, HOUSTON TX 77079
Michael Dewayne Danford officer: VP - Human Resources 3300 NORTH SAM HOUSTON PARKWAY EAST, HOUSTON TX 77032
John Mcelroy officer: Principal Accounting Officer 10344 SAM HOUSTON PARK DRIVE, HOUSTON TX 77064
Scf Gp Llc 10 percent owner 600 TRAVIS STREET, SUITE 6600, HOUSTON TX 77002
Prady Iyyanki officer: EVP & Chief Operating Officer 920 MEMORIAL CITY WAY, SUITE 1000, HOUSTON TX 77024