Superior Drilling Products (STU:SDW) Change In Inventory : €-0.42 Mil (TTM As of Mar. 2024)

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What is Superior Drilling Products Change In Inventory?

Superior Drilling Products's change in inventory for the quarter that ended in Mar. 2024 was €0.01 Mil. It means Superior Drilling Products's inventory declined by €0.01 Mil from Dec. 2023 to Mar. 2024 .

Superior Drilling Products's change in inventory for the fiscal year that ended in Dec. 2023 was €-0.57 Mil. It means Superior Drilling Products's inventory increased by €0.57 Mil from Dec. 2022 to Dec. 2023 .

Superior Drilling Products's Total Inventories for the quarter that ended in Mar. 2024 was €2.48 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Superior Drilling Products's Days Inventory for the quarter that ended in Mar. 2024 was 92.65.

Inventory Turnover measures how fast the company turns over its inventory within a year. Superior Drilling Products's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.98.

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. Superior Drilling Products's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.55.

Superior Drilling Products Change In Inventory Historical Data

The historical data trend for Superior Drilling Products'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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Superior Drilling Products Change In Inventory Chart

Superior Drilling Products Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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-0.61

-0.08

-0.13

-0.86

-0.57

Superior Drilling Products 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															-0.16	-0.83	-0.06	0.47	0.01

Superior Drilling Products 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 €-0.42 Mil.

Superior Drilling Products (STU:SDW) Change In Inventory Explanation

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

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

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	2.4805	/	2.443	*	365 / 4
	=	92.65

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

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	2.443	/	2.4805
	=	0.98

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	2.4805	/	4.55
	=	0.55

Superior Drilling Products Change In Inventory Related Terms

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Superior Drilling Products (STU:SDW) Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Superior Drilling Products Inc (STU:SDW) » Definitions » Change In Inventory

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SDPI:USA

Address

1583 South 1700 East, Vernal, UT, USA, 84078

Website

https://www.sdpi.com

Superior Drilling Products Inc is engaged in providing equipment and services to the oil and gas industry. It specialises in the design and manufacture of drilling tool technologies including the patented Drill-N-Ream wellbore conditioning tool and the patented Strider oscillation system technology. In addition, SDP is a manufacturer and refurbisher of PDC (polycrystalline diamond compact) drill bits for an oilfield services company. The company operates in North America and other international regions, of which key revenue is derived from North America.

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