Tesco (TESO) Inventory-to-Revenue : 1.88 (As of Sep. 2017)

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What is Tesco Inventory-to-Revenue?

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. Tesco's Average Total Inventories for the quarter that ended in Sep. 2017 was $76.2 Mil. Tesco's Revenue for the three months ended in Sep. 2017 was $40.5 Mil. Tesco's Inventory-to-Revenue for the quarter that ended in Sep. 2017 was 1.88.

Tesco's Inventory-to-Revenue for the quarter that ended in Sep. 2017 increased from Jun. 2017 (1.85) to Jun. 2017 (1.88)

An increase in Inventory-to-Revenue from one quarter to the next indicates that one of the following is happening:

1. investment in inventory is growing more rapidly than revenue
2. revenue are dropping
No matter which situation is causing the problem, an increase in the Inventory-to-Revenue may signal an oncoming cash flow problem.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Tesco's Days Inventory for the three months ended in Sep. 2017 was 157.91.

Inventory Turnover measures how fast the company turns over its inventory within a year. Tesco's Inventory Turnover for the quarter that ended in Sep. 2017 was 0.58.

Tesco Inventory-to-Revenue Historical Data

The historical data trend for Tesco's Inventory-to-Revenue 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.

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Tesco Inventory-to-Revenue Chart

Tesco Annual Data

Trend

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Inventory-to-Revenue

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0.21

0.20

0.38

0.64

Tesco Quarterly Data
	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17
Inventory-to-Revenue	Get a 7-Day Free Trial															2.78	2.22	2.04	1.85	1.88

Competitive Comparison of Tesco's Inventory-to-Revenue

For the Oil & Gas Equipment & Services subindustry, Tesco's Inventory-to-Revenue, along with its competitors' market caps and Inventory-to-Revenue data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Tesco's Inventory-to-Revenue Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Tesco's Inventory-to-Revenue distribution charts can be found below:

* The bar in red indicates where Tesco's Inventory-to-Revenue falls into.

Tesco Inventory-to-Revenue Calculation

Tesco's Inventory-to-Revenue for the fiscal year that ended in Dec. 2016 is calculated as

	Inventory-to-Revenue (A: Dec. 2016 )
=	Average Total Inventories					/	Revenue
=	( (Total Inventories (A: Dec. 2015 )	+	Total Inventories (A: Dec. 2016 ))	/	count )	/	Revenue (A: Dec. 2016 )
=	( (95.459	+	76.226)	/	2 )	/	134.737
=	85.8425					/	134.737
=	0.64

Tesco's Inventory-to-Revenue for the quarter that ended in Sep. 2017 is calculated as

	Inventory-to-Revenue (Q: Sep. 2017 )
=	Average Total Inventories					/	Revenue
=	( (Total Inventories (Q: Jun. 2017 )	+	Total Inventories (Q: Sep. 2017 ))	/	count )	/	Revenue (Q: Sep. 2017 )
=	( (74.846	+	77.569)	/	2 )	/	40.514
=	76.2075					/	40.514
=	1.88

Tesco (NAS:TESO) Inventory-to-Revenue Explanation

An increase in Inventory-to-Revenue from one quarter to the next indicates that one of the following is happening:

Likewise, a decrease in the Inventory-to-Revenue from one quarter to next indicates that one of these is occurring:

1. investment in inventory is shrinking in relation to revenue
2. revenue are increasing
No matter which situation is causing the reduction in the Inventory-to-Revenue, either one suggests that business's inventory levels and its cash flow are effectively managed.

More Related Terms:

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

Tesco's Days Inventory for the three months ended in Sep. 2017 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2017 )	/	Cost of Goods Sold (Q: Sep. 2017 )	*	Days in Period
	=	76.2075	/	44.038	*	365 / 4
	=	157.91

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

Tesco's Inventory Turnover for the quarter that ended in Sep. 2017 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Sep. 2017 )	/	Average Total Inventories (Q: Sep. 2017 )
	=	44.038	/	76.2075
	=	0.58

Tesco Inventory-to-Revenue Related Terms

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Tesco (TESO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Tesco Corp (NAS:TESO) » Definitions » Inventory-to-Revenue

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

http://www.tescocorp.com

Tesco Corp is engaged in designing, manufacturing and service delivery of technology based solutions for the upstream energy industry. Its products and service offerings consist of equipment sales and services to drilling contractors.

Executives

Roy Mcniven	officer: Vice President, TCUS	24955 INTERSTATE 45 N, THE WOODLANDS TX 77380
Elijio V Serrano	director	24955 INTERSTATE 45 NORTH, THE WOODLANDS TX 77380
Michael W Sutherlin	director	7374 SE 71ST STREET, MERCER ISLAND WA 98040
John Dielwart	director	5320 LEGACY DR., PLANO TX 75024
Rose M Robeson	director	370 17TH STREET, SUITE 2775, DENVER CO 80202
Sloan Thomas B Jr	officer: Vice President	3993 W SAM HOUSTON PKWY N., STE 100, HOUSTON TX 77043
Julio M Quintana	director	3993 W. SAM HOUSTON PARKWAY N., STE. 100, HOUSTON TX 77043
John T Reynolds	director, 10 percent owner	C/O C/O LIME ROCK PARTNERS, 518 RIVER SIDE AVE BLDG 11 2ND FL, WESTPORT CT 06880
Lime Rock Partners V Lp	10 percent owner	C/O LIME ROCK MANAGEMENT LP, 274 RIVERSIDE AVE, 3RD FLOOR, WESTPORT CT 06880
Lrp V Luxembourg Holdings S.a R.l.	10 percent owner	VERTIGO NAOS BUILDING, 6, RUE EUGENE RUPPERT, LUXEMBOURG N4 L-2453
John U Clarke	director	PENN VIRGINIA CORPORATION, FOUR RADNOR CORPORATE CENTER, STE 200, RADNOR PA 19087
Clifton Thomas Weatherford	director	1001 E. HILLSDALE BOULEVARD, SUITE 800, FOSTER CITY CA 94404
Nigel M Lakey	officer: Sr. VP, Marketing & Bus. Dev.	10260 WESTHEIMER RD., HOUSTON TX 77042
Anthony Tripodo	officer: Exec. V. P. & CFO	3505 W SAM HOUSTON PKWY NORTH, SUITE 400, HOUSTON TX 77043
Capital Management Oss	10 percent owner	598 MADISON AVENUE, 10TH FLOOR, NEW YORK NY 10022