Flotek Industries (Flotek Industries) Change In Inventory : $1.9 Mil (TTM As of Dec. 2023)

View and export this data going back to 1998. Start your Free Trial

What is Flotek Industries Change In Inventory?

Flotek Industries's change in inventory for the quarter that ended in Dec. 2023 was $2.7 Mil. It means Flotek Industries's inventory declined by $2.7 Mil from Sep. 2023 to Dec. 2023 .

Flotek Industries's change in inventory for the fiscal year that ended in Dec. 2023 was $1.9 Mil. It means Flotek Industries's inventory declined by $1.9 Mil from Dec. 2022 to Dec. 2023 .

Flotek Industries's Total Inventories for the quarter that ended in Dec. 2023 was $12.8 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Flotek Industries's Days Inventory for the quarter that ended in Dec. 2023 was 40.01.

Inventory Turnover measures how fast the company turns over its inventory within a year. Flotek Industries's Inventory Turnover for the quarter that ended in Dec. 2023 was 2.28.

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. Flotek Industries's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.34.

Flotek Industries Change In Inventory Historical Data

The historical data trend for Flotek Industries's Change In 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.

Flotek Industries Change In Inventory Chart

Flotek Industries Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

Get a 7-Day Free Trial

-0.73

3.96

1.76

-7.92

1.94

Flotek Industries Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Change In Inventory	Get a 7-Day Free Trial															3.46	-0.44	-2.72	2.38	2.71

Flotek Industries Change In Inventory Calculation

Change In Inventory is the difference between last period's ending inventory and the current period's ending inventory.

Change In Inventory for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $1.9 Mil.

Flotek Industries (NYSE:FTK) Change In Inventory Explanation

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

Flotek Industries's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	14.3615	/	32.758	*	365 / 4
	=	40.01

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

Flotek Industries's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	32.758	/	14.3615
	=	2.28

3. 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.

Flotek Industries's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	14.3615	/	42.188
	=	0.34

Flotek Industries Change In Inventory Related Terms

Thank you for viewing the detailed overview of Flotek Industries's Change In Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.

Flotek Industries (Flotek Industries) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Flotek Industries Inc (NYSE:FTK) » Definitions » Change In Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

8846 North Sam Houston Parkway West, Suite 150, Houston, TX, USA, 77064

Website

https://www.flotekind.com

Flotek Industries Inc delivers chemistry-based technology solutions for energy, industrial, and consumer applications. It develops and supplies chemistry and services to the oil and gas industries, and high-value compounds to companies that make food and beverages, cleaning products, cosmetics, and others. The company operates in the Chemistry Technologies segment which designs, develops, manufactures, packages, and markets chemistries that market specialty chemicals. Its Data Analytics segment enables users to maximize the value of their hydrocarbon-associated processes by providing analytics associated with the streams in seconds rather than minutes or days.

Executives

David Nierenberg	director	19605 NE 8TH STREET, CAMAS WA 98607
Ryan Gillis Ezell	officer: SVP, Operations	10603 N. SAM HOUSTON PARKWAY W., SUITE 300, HOUSTON TX 77064
Matthew Wilks	director	17010 IH-20, CISCO TX 76437
James Bond Clement	officer: Chief Financial Officer	400 E. KALISTE SALOOM ROAD, SUITE 6000, LAFAYETTE LA 70508
Harshavardhan V Agadi	director	5755 NORTH POINT PKWAY #266, ALPHARETTA GA 30022
Gibson John W Jr	director, officer: CEO and President	10603 W. SAM HOUSTON PKWY N., SUITE 300, HOUSTON TX 77064
Profrac Holding Corp.	10 percent owner	333 SHOPS BOULEVARD, SUITE 301, WILLOW PARK TX 76087
Evan R Farber	director	7903 KENTUCKY AVE., BETHESDA MD 20814
Seham Saleh Carson	officer: Interim CFO	3318 RAVENS ROOST, MISSOURI CITY TX 77459
Profrac Holdings Ii, Llc	10 percent owner	333 SHOPS BLVD., SUITE 301, WILLOW PARK TX 76087
Profrac Holdings, Llc	10 percent owner	333 SHOPS BLVD., SUITE 301, WILLOW PARK TX 76087
Thrc Management, Llc	10 percent owner	17018 INTERSTATE 20, CISCO TX 76437
Thrc Holdings, Lp	10 percent owner	17018 INTERSTATE 20, CISCO TX 76437
Staci Wilks	10 percent owner	17018 INTERSTATE 20, CISCO TX 76437
Farris Wilks	10 percent owner	17018 INTERSTATE 20, CISCO TX 76437