ProFrac Holding (ProFrac Holding) Days Inventory : 42.80 (As of Mar. 2024)

View and export this data going back to 2022. Start your Free Trial

What is ProFrac Holding Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). ProFrac Holding's Average Total Inventories for the three months ended in Mar. 2024 was $228 Mil. ProFrac Holding's Cost of Goods Sold for the three months ended in Mar. 2024 was $487 Mil. Hence, ProFrac Holding's Days Inventory for the three months ended in Mar. 2024 was 42.80.

The historical rank and industry rank for ProFrac Holding's Days Inventory or its related term are showing as below:

ACDC' s Days Inventory Range Over the Past 10 Years
Min: 33.53 Med: 35.19 Max: 48.68
Current: 48.68

During the past 4 years, ProFrac Holding's highest Days Inventory was 48.68. The lowest was 33.53. And the median was 35.19.

ACDC's Days Inventory is ranked worse than
65.98% of 729 companies
in the Oil & Gas industry
Industry Median: 31.29 vs ACDC: 48.68

ProFrac Holding's Days Inventory increased from Mar. 2023 (37.03) to Mar. 2024 (42.80). It might indicate that ProFrac Holding's sales slowed down.

Warning Sign:

If a company builds up inventory, it may mean it is having difficulties selling its goods.

Inventory Turnover measures how fast the company turns over its inventory within a year. ProFrac Holding's Inventory Turnover for the three months ended in Mar. 2024 was 2.13.

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. ProFrac Holding's Inventory-to-Revenue for the three months ended in Mar. 2024 was 0.39.

ProFrac Holding Days Inventory Historical Data

The historical data trend for ProFrac Holding's Days Inventory 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.

ProFrac Holding Days Inventory Chart

ProFrac Holding Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Days Inventory

35.76

33.53

34.61

41.39

ProFrac Holding Quarterly Data
	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Inventory	Get a 7-Day Free Trial									37.03	46.51	54.82	53.87	42.80

Competitive Comparison of ProFrac Holding's Days Inventory

For the Oil & Gas Equipment & Services subindustry, ProFrac Holding's Days Inventory, along with its competitors' market caps and Days Inventory 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.

ProFrac Holding's Days Inventory Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, ProFrac Holding's Days Inventory distribution charts can be found below:

* The bar in red indicates where ProFrac Holding's Days Inventory falls into.

ProFrac Holding Days Inventory Calculation

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

ProFrac Holding's Days Inventory for the fiscal year that ended in Dec. 2023 is calculated as

	Days Inventory (A: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (249.5	+	236.6)	/	2 )	/	2143.6	*	365
=	243.05					/	2143.6	*	365
=	41.39

ProFrac Holding's Days Inventory for the quarter that ended in Mar. 2024 is calculated as:

	Days Inventory (Q: Mar. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (236.6	+	219.8)	/	2 )	/	486.5	*	365 / 4
=	228.2					/	486.5	*	365 / 4
=	42.80

ProFrac Holding (NAS:ACDC) Days Inventory Explanation

Days Inventory indicates the liquidity of the inventory. Generally, a lower Days Inventory is preferred as it indicates a shorter duration to clear off the inventory. An increase of the ratio may indicate the company's sales slowed. Similar ratios related to Days Inventory are:

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

ProFrac Holding's Inventory Turnover for the three months ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	486.5	/	228.2
	=	2.13

2. 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.

ProFrac Holding's Inventory to Revenue for the three months ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	228.2	/	581.5
	=	0.39

Be Aware

A lot of business are seasonable. It makes more sense to compare Days Inventory from the same period in the previous year instead of from the previous quarter.

ProFrac Holding Days Inventory Related Terms

Thank you for viewing the detailed overview of ProFrac Holding's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.

ProFrac Holding (ProFrac Holding) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » ProFrac Holding Corp (NAS:ACDC) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

333 Shops Boulevard, Suite 301, Willow Park, TX, USA, 76087

Website

https://www.profrac.com

ProFrac Holding Corp is engaged in providing hydraulic fracturing, completion services, and other complementary products and services to leading upstream oil and gas companies engaged in the exploration and production of North American unconventional oil and natural gas resources. Its operations are primarily focused in West Texas, East Texas/Louisiana, South Texas, Oklahoma, Uinta, and Appalachian. The company operates in three segments: stimulation services, manufacturing, and proppant production. Stimulation services, which generate the majority of the revenue for the company operate a fleet of mobile hydraulic fracturing units and other auxiliary equipment that generates revenue by providing stimulation services.

Executives

Thrc Holdings, Lp	director, 10 percent owner, other: Director by Deputization	17018 INTERSTATE 20, CISCO TX 76437
Farris Wilks	director, 10 percent owner, other: Director by Deputization	17018 INTERSTATE 20, CISCO TX 76437
Heather N Klein	officer: Chief Administrative Officer	C/O PROFRAC HOLDING CORP., 333 SHOPS BOULEVARD, SUITE 301, WILLOW PARK TX 76087
Robert J Willette	officer: Chief Legal Officer, Secretary	333 SHOPS BOULEVARD, SUITE 301, WILLOW PARK TX 76087
Matthew Wilks	director, officer: See Remarks	17010 IH-20, CISCO TX 76437
Johnathan Ladd Wilks	officer: Chief Executive Officer	17010 INTERSTATE 20, CISCO TX 76437
Phillip Blaine Wilbanks	officer: Chief Operating Officer	333 SHOPS BOULEVARD, SUITE 301, WILLOW PARK TX 76087
Matthew A Greenwood	officer: Chief Commercial Officer	C/O PROFRAC HOLDING CORP., 333 SHOPS BOULEVARD, SUITE 301, WILLOW PARK TX 76087
Sergei Krylov	director	6500 WEST FREEWAY, SUITE 800, FORT WORTH TX 76116
Stacy Durbin Nieuwoudt	director	20475 SH 249, SUITE 300, HOUSTON TX 77070
Gerald W Haddock	director	C/O ENSCO, 5847 SAN FELIPE, HOUSTON TX 77057
Theresa Glebocki	director	C/O TROPICANA ENTERTAINMENT INC., 8345 W. SUNSET ROAD, SUITE 200, LAS VEGAS NV 89113
Jo Ann Wilks	director, 10 percent owner, other: Director by Deputization	17018 IH-20, CISCO TX 76437
Farris & Jo Ann Wilks 2022 Family Trust	director, 10 percent owner, other: Director by Deputization	17018 IH-20, CISCO TX 76437
Randle James Coy Jr	officer: Chief Operating Officer	PO BOX 1966, PALESTINE TX 75802