GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Ranger Energy Services Inc (NYSE:RNGR) » Definitions » Change In Inventory

Ranger Energy Services (Ranger Energy Services) Change In Inventory : $-0.1 Mil (TTM As of Mar. 2024)


View and export this data going back to 2017. Start your Free Trial

What is Ranger Energy Services Change In Inventory?

Ranger Energy Services's change in inventory for the quarter that ended in Mar. 2024 was $0.0 Mil. It means Ranger Energy Services's inventory stayed the same from Dec. 2023 to Mar. 2024 .

Ranger Energy Services's change in inventory for the fiscal year that ended in Dec. 2023 was $-0.9 Mil. It means Ranger Energy Services's inventory increased by $0.9 Mil from Dec. 2022 to Dec. 2023 .

Ranger Energy Services's Total Inventories for the quarter that ended in Mar. 2024 was $6.4 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Ranger Energy Services's Days Inventory for the quarter that ended in Mar. 2024 was 4.42.

Inventory Turnover measures how fast the company turns over its inventory within a year. Ranger Energy Services's Inventory Turnover for the quarter that ended in Mar. 2024 was 20.63.

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. Ranger Energy Services's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.05.


Ranger Energy Services Change In Inventory Historical Data

The historical data trend for Ranger Energy Services'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.

Ranger Energy Services Change In Inventory Chart

Ranger Energy Services Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Change In Inventory
Get a 7-Day Free Trial Premium Member Only 1.10 0.40 2.70 -3.40 -0.90

Ranger Energy Services 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -0.80 -1.00 -0.20 1.10 -

Ranger Energy Services 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 $-0.1 Mil.

* 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.


Ranger Energy Services  (NYSE:RNGR) Change In Inventory Explanation

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

Ranger Energy Services's Days Inventory for the quarter that ended in is calculated as:

Days Inventory=Average Total Inventories/Cost of Goods Sold*Days in Period
=6.4/132*365 / 4
=4.42

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

Ranger Energy Services's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

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.

Ranger Energy Services's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

* 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.


Ranger Energy Services Change In Inventory Related Terms

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


Ranger Energy Services (Ranger Energy Services) Business Description

Traded in Other Exchanges
Address
10350 Richmond, Suite 550, Houston, TX, USA, 77042
Ranger Energy Services Inc is a provider of onshore high specification (high-spec) well service rigs, wireline services, and additional processing solutions and ancillary services in the United States. It offers a range of well site services to leading U.S. exploration and production (E&P) companies that are fundamental to establishing and enhancing the flow of oil and natural gas throughout the productive life of a well. The segments of the group are High Specification Rigs, Wireline Services and Processing Solutions and Ancillary Services, of which key revenue is derived from High Specification Rigs segment.
Executives
Charles S. Leykum director, 10 percent owner 1000 LOUISIANA STREET, SUITE 3850, HOUSTON TX 77002
Stuart Bodden director, officer: Chief Executive Officer 10350 RICHMOND AVENUE, SUITE 550, HOUSTON TX 77042
Melissa Cougle officer: Chief Financial Officer 777 POST OAK BLVD., 7TH FLOOR, HOUSTON TX 77056
J. Matt Hooker officer: Chief Operating Officer 800 GESSNER STREET, SUITE 1000, HOUSTON TX 77024
Byron A Dunn director C/O HARVEST NATURAL RESOURCES, INC., 1177 ENCLAVE PARKWAY, SUITE 300, HOUSTON TX 77077
William M Austin director C/O KEY ENERGY SERVICES, INC., 1301 MCKINNEY STREET, SUITE 1800, HOUSTON TX 77010
Dialectic Geronimo Manager Llc 10 percent owner 119 ROWAYTON AVENUE, NORWALK CT 06853
John Fichthorn 10 percent owner C/O DIALECTIC CAPITAL MANAGEMENT, LLC, 17 STATE STREET, SUITE 3930, NEW YORK NY 10004
Dialectic Partners, Llc 10 percent owner 2ND FLOOR 119 ROWAYTON AVE, NORWALK CT 06853
Dialectic Geronimo Spv Llc 10 percent owner 119 ROWAYTON AVENUE, 2ND FLOOR, NORWALK CT 06853
Dialectic Capital Management, Lp 10 percent owner 119 ROWAYTON AVENUE, 2ND FLOOR, NORWALK CT 06853
Wde Pws Aggregate, Llc 10 percent owner C/O WHITE DEER MANAGEMENT LLC, 700 LOUISIANA STREET, SUITE 4770, HOUSTON TX 77002
Thomas J Edelman 10 percent owner 777 MAIN STREET SUITE 2500, FORT WORTH TX 76102
Edelman & Guill Energy Ltd. 10 percent owner 700 LOUISIANA STREET, SUITE 4770, HOUSTON TX 77002
Ben A Guill 10 percent owner 600 TRAVIS, SUITE 6000, HOUSTON TX 77002