Newpark Resources (FRA:NWP) Inventory Turnover : 0.99 (As of Mar. 2024)

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

What is Newpark Resources Inventory Turnover?

Inventory Turnover measures how fast the company turns over its inventory within a year. It is calculated as Cost of Goods Sold divided by Total Inventories. Newpark Resources's Cost of Goods Sold for the three months ended in Mar. 2024 was €123.8 Mil. Newpark Resources's Average Total Inventories for the quarter that ended in Mar. 2024 was €125.2 Mil. Newpark Resources's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.99.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Newpark Resources's Days Inventory for the three months ended in Mar. 2024 was 92.28.

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. Newpark Resources's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.80.

Newpark Resources Inventory Turnover Historical Data

The historical data trend for Newpark Resources's Inventory Turnover 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.

Newpark Resources Inventory Turnover Chart

Newpark Resources Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

Get a 7-Day Free Trial

3.52

2.60

3.62

4.70

4.14

Newpark Resources Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial															1.09	1.00	1.10	0.95	0.99

Newpark Resources Inventory Turnover Calculation

Newpark Resources's Inventory Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Inventory Turnover (A: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2023 )	/ (	(Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )
=	560.343	/ (	(141.195	+	129.369)	/	2 )
=	560.343	/	135.282
=	4.14

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

	Inventory Turnover (Q: Mar. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2024 )	/ (	(Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )
=	123.82	/ (	(129.369	+	121.071)	/	2 )
=	123.82	/	125.22
=	0.99

Newpark Resources (FRA:NWP) Inventory Turnover Explanation

Inventory Turnover measures how fast the company turns over its inventory within a year. A higher Inventory Turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.

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

Newpark Resources's Days Inventory for the three months ended in Mar. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2024 )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
	=	125.22	/	123.82	*	365 / 4
	=	92.28

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.

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

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	125.22	/	155.578
	=	0.80

Be Aware

Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate Inventory Turnover. An average inventory is a better indication.

Newpark Resources Inventory Turnover Related Terms

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

Newpark Resources (FRA:NWP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Newpark Resources Inc (FRA:NWP) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

NR:USA NWP:Germany

Address

9320 Lakeside Boulevard, Suite 100, The Woodlands, TX, USA, 77381

Website

https://www.newpark.com

Newpark Resources Inc is a diversified supplier providing environmentally-sensitive products, as well as rentals and services to customers across multiple industries. The company has two operating segments: Industrial Solutions segment provides temporary worksite access solutions, including the rental of recyclable composite matting systems, along with related site construction and services to customers in various markets including power transmission, oil and natural gas exploration and production, pipeline, renewable energy, petrochemical, construction, and other industries and Fluids Systems segment provides drilling, completion, and stimulation fluids products and related technical services to customers for oil, natural gas, and geothermal projects.

Newpark Resources (FRA:NWP) Headlines

No Headlines