POFCY (Petrofac) Inventories, Work In Process : $0 Mil (As of Jun. 2024)

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What is Petrofac 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. Petrofac's work in process for the quarter that ended in Jun. 2024 was $0 Mil.

Petrofac Inventories, Work In Process Historical Data

The historical data trend for Petrofac'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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Petrofac Inventories, Work In Process Chart

Petrofac Annual Data

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Inventories, Work In Process

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Petrofac Semi-Annual Data
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Petrofac 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.

Petrofac Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Petrofac Ltd (OTCPK:POFCY) » Definitions » Inventories, Work In Process

Comparable Companies

Traded in Other Exchanges

POFCF:USA PFCl:UK PFC:UK P2F:Germany

Address

26 New Street, St Helier, JEY, JE2 3RA

Website

https://www.petrofac.com

Petrofac Ltd provides engineering and construction services to the oil and gas production and processing industry. It designs, builds, operates, and maintains oil and gas facilities. The operating segments of the company include Engineering and Construction, Asset solutions, and Integrated Energy Services. It derives the majority of its revenue from the Asset Solutions segment which mainly includes reimbursable engineering and production services activities to the oil and gas industry. Geographically, the company derives maximum revenue from the United Kingdom and the rest from Algeria, Lithuania, Malaysia, the United States of America, Oman, and various other countries.