Flotek Industries (Flotek Industries) Days Inventory : 40.01 (As of Dec. 2023)

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What is Flotek Industries Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Flotek Industries's Average Total Inventories for the three months ended in Dec. 2023 was $14.4 Mil. Flotek Industries's Cost of Goods Sold for the three months ended in Dec. 2023 was $32.8 Mil. Hence, Flotek Industries's Days Inventory for the three months ended in Dec. 2023 was 40.01.

The historical rank and industry rank for Flotek Industries's Days Inventory or its related term are showing as below:

FTK' s Days Inventory Range Over the Past 10 Years
Min: 31.82 Med: 141.02 Max: 2437.64
Current: 35.09

During the past 13 years, Flotek Industries's highest Days Inventory was 2437.64. The lowest was 31.82. And the median was 141.02.

FTK's Days Inventory is ranked worse than
53.97% of 730 companies
in the Oil & Gas industry
Industry Median: 31.41 vs FTK: 35.09

Flotek Industries's Days Inventory increased from Dec. 2022 (31.67) to Dec. 2023 (40.01). It might indicate that Flotek Industries's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Flotek Industries's Inventory Turnover for the three months 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 three months ended in Dec. 2023 was 0.34.

Flotek Industries Days Inventory Historical Data

The historical data trend for Flotek Industries's Days 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 Days Inventory Chart

Flotek Industries Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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1,088.73

78.18

97.11

32.17

31.82

Flotek Industries Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Inventory	Get a 7-Day Free Trial															31.67	31.28	33.52	40.92	40.01

Competitive Comparison of Flotek Industries's Days Inventory

For the Oil & Gas Equipment & Services subindustry, Flotek Industries's Days Inventory, along with its competitors' market caps and Days Inventory data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Flotek Industries's Days Inventory Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Flotek Industries's Days Inventory distribution charts can be found below:

* The bar in red indicates where Flotek Industries's Days Inventory falls into.

Flotek Industries Days Inventory Calculation

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 fiscal year that ended in Dec. 2023 is calculated as

	Days Inventory (A: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (15.72	+	12.838)	/	2 )	/	163.795	*	365
=	14.279					/	163.795	*	365
=	31.82

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

	Days Inventory (Q: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (15.885	+	12.838)	/	2 )	/	32.758	*	365 / 4
=	14.3615					/	32.758	*	365 / 4
=	40.01

Flotek Industries (NYSE:FTK) Days Inventory Explanation

Days Inventory indicates the liquidity of the inventory. Generally, a lower Days Inventory is preferred as it indicates a shorter duration to clear off the inventory. An increase of the ratio may indicate the company's sales slowed. Similar ratios related to Days Inventory are:

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

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

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

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.

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

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

Be Aware

A lot of business are seasonable. It makes more sense to compare Days Inventory from the same period in the previous year instead of from the previous quarter.

Flotek Industries Days Inventory Related Terms

Thank you for viewing the detailed overview of Flotek Industries's Days 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 » Days 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