Parker Drilling Co (Parker Drilling Co) Total Inventories : $23.3 Mil (As of Dec. 2019)

View and export this data going back to 2019. Start your Free Trial

What is Parker Drilling Co Total Inventories?

Parker Drilling Co's total inventories for the quarter that ended in Dec. 2019 was $23.3 Mil. Parker Drilling Co's average total inventories from the quarter that ended in Sep. 2019 to the quarter that ended in Dec. 2019 was $22.8 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Parker Drilling Co's Net-Net Working Capital per share for the quarter that ended in Dec. 2019 was $-5.82.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Parker Drilling Co's Days Inventory for the three months ended in Dec. 2019 was 14.38.

Inventory Turnover measures how fast the company turns over its inventory within a year. Parker Drilling Co's Inventory Turnover for the quarter that ended in Dec. 2019 was 6.35.

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. Parker Drilling Co's Inventory-to-Revenue for the quarter that ended in Dec. 2019 was 0.15.

Parker Drilling Co Total Inventories Historical Data

The historical data trend for Parker Drilling Co'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.

Parker Drilling Co Total Inventories Chart

Parker Drilling Co Annual Data

Trend

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Total Inventories

Get a 7-Day Free Trial

34.94

32.35

31.42

36.25

23.27

Parker Drilling Co Quarterly Data
	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19
Total Inventories	Get a 7-Day Free Trial															36.25	-	19.36	22.37	23.27

Parker Drilling Co 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.

Parker Drilling Co (OTCPK:PKDC) 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.

Parker Drilling Co's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2019 is

	Net-Net Working Capital Per Share (Q: Dec. 2019 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(104.951	+	0.75 * 166.456	+	0.5 * 23.267	-	328.947
-	0	-	0)	/	15.0447
=	-5.82

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

Parker Drilling Co's Days Inventory for the three months ended in Dec. 2019 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2019 )	/	Cost of Goods Sold (Q: Dec. 2019 )	*	Days in Period
	=	22.817	/	144.819	*	365 / 4
	=	14.38

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

Parker Drilling Co's Inventory Turnover for the quarter that ended in Dec. 2019 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Dec. 2019 )	/	Average Total Inventories (Q: Dec. 2019 )
	=	144.819	/	22.817
	=	6.35

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.

Parker Drilling Co's Inventory to Revenue for the quarter that ended in Dec. 2019 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2019 )	/	Revenue (Q: Dec. 2019 )
	=	22.817	/	156.281
	=	0.15

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.

Parker Drilling Co Total Inventories Related Terms

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

Parker Drilling Co (Parker Drilling Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Parker Drilling Co (OTCPK:PKDC) » Definitions » Total Inventories

Comparable Companies

Traded in Other Exchanges

N/A

Address

5 Greenway Plaza, Suite 100, Houston, TX, USA, 77046

Website

https://www.parkerdrilling.com

Parker Drilling Co is a provider of contract drilling and drilling-related services as well as rental tools and services. It reports its Drilling Services business into two segments namely U.S. (Lower 48) Drilling and International & Alaska Drilling. For Rental Tools Services business reports two segments namely U.S. Rental Tools and International Rental Tools. In the Drilling Services business, the company drill oil, natural gas, and geothermal wells. In Rental business, it provides rental equipment and services to exploration & production companies, drilling contractors and service companies on land and offshore in the United States.