Precision Drilling (Precision Drilling) Change In Inventory : $0 Mil (TTM As of Mar. 2024)

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What is Precision Drilling Change In Inventory?

Precision Drilling's change in inventory for the quarter that ended in Mar. 2024 was $0 Mil. It means Precision Drilling's inventory stayed the same from Dec. 2023 to Mar. 2024 .

Precision Drilling's change in inventory for the fiscal year that ended in Dec. 2023 was $0 Mil. It means Precision Drilling's inventory stayed the same from Dec. 2022 to Dec. 2023 .

Precision Drilling's Total Inventories for the quarter that ended in Mar. 2024 was $27 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Precision Drilling's Days Inventory for the quarter that ended in Mar. 2024 was 41.77.

Inventory Turnover measures how fast the company turns over its inventory within a year. Precision Drilling's Inventory Turnover for the quarter that ended in Mar. 2024 was 2.18.

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. Precision Drilling's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.07.

Precision Drilling Change In Inventory Historical Data

The historical data trend for Precision Drilling'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.

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Precision Drilling Change In Inventory Chart

Precision Drilling Annual Data

Trend

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Change In Inventory

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Precision Drilling Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Change In Inventory	Get a 7-Day Free Trial															-	-	-	-	-

Precision Drilling 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $0 Mil.

Precision Drilling (NYSE:PDS) Change In Inventory Explanation

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

Precision Drilling's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	26.45	/	57.781	*	365 / 4
	=	41.77

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

Precision Drilling's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	57.781	/	26.45
	=	2.18

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.

Precision Drilling's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	26.45	/	389.914
	=	0.07

Precision Drilling Change In Inventory Related Terms

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Precision Drilling (Precision Drilling) Business Description

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PD:Canada

Address

150 6th Avenue SW, Suite 4200, Calgary, AB, CAN, T2P3Y7

Website

https://www.precisiondrilling.com

Precision Drilling Corpd is a provider of contract drilling and completion and production services to oil and natural gas exploration and production companies in Canada, the United States and certain international locations. Contract Drilling Services include drilling rigs, procurement and distribution of oilfield supplies, and the manufacture, sale and repair of drilling equipment. Completion and Production Services include service rigs, oilfield equipment rental, and camp and catering services.