KEGX (Key Energy Services) Total Inventories: $13.4 Mil (As of Sep. 2020)

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KEGX Key Energy Services Inc KEGX
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What is Key Energy Services Total Inventories?

Key Energy Services KEGX 12 Total Inventories is $13.4 Mil as of Sep. 2020. GuruFocus rates KEGX with a GF Score™ of 12/100.

Key Energy Services's total inventories for the quarter that ended in Sep. 2020 was $13.4 Mil. Key Energy Services's average total inventories from the quarter that ended in Jun. 2020 to the quarter that ended in Sep. 2020 was $13.6 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Key Energy Services's Net-Net Working Capital per share for the quarter that ended in Sep. 2020 was $-10.72.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Key Energy Services's Days Inventory for the three months ended in Sep. 2020 was 30.42.

Inventory Turnover measures how fast the company turns over its inventory within a year. Key Energy Services's Inventory Turnover for the quarter that ended in Sep. 2020 was 3.00.

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. Key Energy Services's Inventory-to-Revenue for the quarter that ended in Sep. 2020 was 0.32.


Key Energy Services  (OTCPK:KEGX) 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.

Key Energy Services's Net-Net Working Capital Per Share for the quarter that ended in Sep. 2020 is

Net-Net Working Capital Per Share (Q: Sep. 2020 )
=(Cash And Cash Equivalents+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(4.542+0.75 * 26.433+0.5 * 13.415-178.867
-0-0)/13.781
=-10.72

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

Key Energy Services's Days Inventory for the three months ended in Sep. 2020 is calculated as:

Days Inventory=Average Total Inventories (Q: Sep. 2020 )/Cost of Goods Sold (Q: Sep. 2020 )*Days in Period
=13.5565/40.663*365 / 4
=30.42

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

Key Energy Services's Inventory Turnover for the quarter that ended in Sep. 2020 is calculated as

Inventory Turnover=Cost of Goods Sold (Q: Sep. 2020 ) / Average Total Inventories (Q: Sep. 2020 )
=40.663 / 13.5565
=3.00

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.

Key Energy Services's Inventory to Revenue for the quarter that ended in Sep. 2020 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Sep. 2020 ) / Revenue (Q: Sep. 2020 )
=13.5565 / 42.911
=0.32

* 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.


Key Energy Services Total Inventories Related Terms


Key Energy Services Total Inventories Historical Data

* Premium members only.

The historical data trend for Key Energy Services'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.

Key Energy Services Total Inventories Chart

Key Energy Services Annual Data
Trend Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19
Total Inventories
Get a 7-Day Free Trial Premium Member Only Premium Member Only 29.40 22.27 20.94 15.86 13.57

Key Energy Services Quarterly Data
Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20
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 15.21 13.57 13.78 13.70 13.42
KEGX
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Key Energy Services Inc KEGX
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Key Energy Services 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.

Frequently Asked Questions Learn more about Total Inventories →
What does a Total Inventories of $13.4 Mil mean?
Key Energy Services (KEGX) has a Total Inventories of $13.4 Mil as of Sep. 2020. The total amount of inventory as recorded on a company's balance sheet. View historical data for Key Energy Services and its competitors.
Is Key Energy Services' Total Inventories too high?
Key Energy Services' current Total Inventories is $13.4 Mil. Overall, Key Energy Services has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does Key Energy Services' Total Inventories compare to GEOS and NGS?
Key Energy Services' Total Inventories of $13.4 Mil 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 Total Inventories for an Oil & Gas company?
A good Total Inventories depends on the Oil & Gas industry context. However, Total Inventories 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 Total Inventories mean?
A high Total Inventories can signal that a stock is expensive relative to its fundamentals. The total amount of inventory as recorded on a company's balance sheet. View historical data for Key Energy Services and its competitors. Key Energy Services's current Total Inventories is $13.4 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Key Energy Services stock overvalued right now?
Key Energy Services (KEGX) has a current Total Inventories of $13.4 Mil. The current Total Inventories is $13.4 Mil. Key Energy Services' overall GF Score™ is 12/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Total Inventories calculated?
Total Inventories is calculated from a company's financial statements. For Key Energy Services (KEGX), the current Total Inventories is $13.4 Mil as of Sep. 2020. 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.

Key Energy Services Business Description

Industry EnergyOil & Gas
Address 1301 McKinney Street, Suite 1800, Houston, TX, USA, 77010
Key Energy Services Inc is an onshore, rig-based well-servicing contractor. It provides a full range of well-services to oil companies, and independent oil and natural gas production companies. Its services include rig-based and coiled tubing-based well maintenance and workover services, well completion and re-completion services, fluid management services, fishing, and rental services, and other ancillary oilfield services. Its segment includes Rig Services, Fishing, and Rental Services, Coiled Tubing Services and Fluid Management Services within the United States. The company derives the maximum revenue from the Rig Services segment.
12GF Score

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