Innovex Downhole Solutions (Innovex Downhole Solutions) Total Inventories : $140.16 Mil (As of Sep. 2023)

View and export this data going back to 2050. Start your Free Trial

What is Innovex Downhole Solutions Total Inventories?

Innovex Downhole Solutions's total inventories for the quarter that ended in Sep. 2023 was $140.16 Mil. Innovex Downhole Solutions's average total inventories from the quarter that ended in Dec. 2022 to the quarter that ended in Sep. 2023 was $138.41 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Innovex Downhole Solutions's Net-Net Working Capital per share for the quarter that ended in Sep. 2023 was $N/A.

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

Inventory Turnover measures how fast the company turns over its inventory within a year. Innovex Downhole Solutions's Inventory Turnover for the quarter that ended in Sep. 2023 was 0.00.

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.

Innovex Downhole Solutions Total Inventories Historical Data

The historical data trend for Innovex Downhole Solutions'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.

Innovex Downhole Solutions Total Inventories Chart

Innovex Downhole Solutions Annual Data

Trend

Dec21

Dec22

Total Inventories

92.29

136.66

Innovex Downhole Solutions Quarterly Data
	Dec21	Sep22	Dec22	Sep23
Total Inventories	92.29	-	136.66	140.16

Innovex Downhole Solutions 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.

Innovex Downhole Solutions (NYSE:INVX) 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.

Innovex Downhole Solutions's Net-Net Working Capital Per Share for the quarter that ended in Sep. 2023 is

	Net-Net Working Capital Per Share (Q: Sep. 2023 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(8.307	+	0.75 * 128.085	+	0.5 * 140.155	-	179.034
-	0	-	0)	/	0
=	N/A

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

Innovex Downhole Solutions's Days Inventory for the three months ended in Sep. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2023 )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
	=	138.405	/	0	*	365 / 4
	=

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

Innovex Downhole Solutions's Inventory Turnover for the quarter that ended in Sep. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Sep. 2023 )	/	Average Total Inventories (Q: Sep. 2023 )
	=	0	/	138.405
	=	0.00

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.

Innovex Downhole Solutions's Inventory to Revenue for the quarter that ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2023 )	/	Revenue (Q: Sep. 2023 )
	=	138.405	/	0
	=

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.

Innovex Downhole Solutions Total Inventories Related Terms

Thank you for viewing the detailed overview of Innovex Downhole Solutions's Total Inventories provided by GuruFocus.com. Please click on the following links to see related term pages.

Innovex Downhole Solutions (Innovex Downhole Solutions) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Innovex Downhole Solutions Inc (NYSE:INVX) » Definitions » Total Inventories

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

Innovex Downhole Solutions Inc designs, manufactures, sells and rents mission critical engineered products to the global oil and natural gas industry. Its products include Well head system, Drilling and development, Well construction, Well completion, Production solution and fishing and intervention.

Innovex Downhole Solutions (Innovex Downhole Solutions) Headlines

No Headlines