Dril-Quip (FRA:DQU) Inventories, Work In Process : €30.6 Mil (As of Mar. 2024)

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What is Dril-Quip Inventories, Work In Process?

Work in process is the part of a manufacturer's inventory that is in the production process and has not yet been completed and transferred to the finished goods inventory. Dril-Quip's work in process for the quarter that ended in Mar. 2024 was €30.6 Mil.

Dril-Quip Inventories, Work In Process Historical Data

The historical data trend for Dril-Quip's Inventories, Work In Process 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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Dril-Quip Inventories, Work In Process Chart

Dril-Quip Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventories, Work In Process

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48.75

36.93

25.10

36.12

31.10

Dril-Quip Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventories, Work In Process	Get a 7-Day Free Trial															41.61	32.61	31.91	31.10	30.64

Dril-Quip Inventories, Work In Process Calculation

That part of a manufacturer's inventory that is in the production process and has not yet been completed and transferred to the finished goods inventory. This account contains the cost of the direct material, direct labor, and factory overhead placed into the products on the factory floor. A manufacturer must disclose in its financial statements the cost of its work-in-process as well as the cost of finished goods and materials on hand.

Dril-Quip (FRA:DQU) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Dril-Quip Inc (FRA:DQU) » Definitions » Inventories, Work In Process

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DRQ:USA

Address

2050 West Sam Houston Parkway S., Suite 1100, Houston, TX, USA, 77042

Website

https://www.dril-quip.com

Dril-Quip Inc. designs, manufactures, sells and services engineered drilling and production equipment for both offshore and onshore applications. The Company's revenues are generated from three sources, Product revenues are derived from the sale of drilling and production equipment. Service revenues are earned when the Company provides technical advisory assistance and rework and reconditioning services. Leasing revenues are derived from rental tools used during the installation and retrieval of the Company's products. The Company's operations are organized into three geographic segments, Western Hemisphere (including North and South America), Eastern Hemisphere (including Europe and Africa) and Asia-Pacific (including the Pacific Rim, Southeast Asia, Australia, India and the Middle East).

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