Total Energy Services (Total Energy Services) Change In Inventory : $-7.9 Mil (TTM As of Mar. 2024)

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What is Total Energy Services Change In Inventory?

Total Energy Services's change in inventory for the quarter that ended in Mar. 2024 was $-10.9 Mil. It means Total Energy Services's inventory increased by $10.9 Mil from Dec. 2023 to Mar. 2024 .

Total Energy Services's change in inventory for the fiscal year that ended in Dec. 2023 was $-4.9 Mil. It means Total Energy Services's inventory increased by $4.9 Mil from Dec. 2022 to Dec. 2023 .

Total Energy Services's Total Inventories for the quarter that ended in Mar. 2024 was $83.4 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Total Energy Services's Days Inventory for the quarter that ended in Mar. 2024 was 57.27.

Inventory Turnover measures how fast the company turns over its inventory within a year. Total Energy Services's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.59.

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. Total Energy Services's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.52.

Total Energy Services Change In Inventory Historical Data

The historical data trend for Total 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.

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Total Energy Services Change In Inventory Chart

Total Energy Services Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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-15.89

7.87

3.99

-1.24

-4.89

Total 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															-7.90	-6.96	7.53	2.45	-10.90

Total 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 $-7.9 Mil.

Total Energy Services (OTCPK:TOTZF) Change In Inventory Explanation

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

Total 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
	=	78.3035	/	124.773	*	365 / 4
	=	57.27

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

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	124.773	/	78.3035
	=	1.59

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	78.3035	/	151.216
	=	0.52

Total Energy Services Change In Inventory Related Terms

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Total Energy Services (Total Energy Services) Business Description

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5O7:Germany TOT:Canada

Address

734 - 7th Avenue S.W., Suite 1000, Calgary, AB, CAN, T2P 3P8

Website

https://www.totalenergy.ca

Total Energy Services Inc is an energy services company. The operating segments of the company are Contract Drilling Services, Rentals & Transportation Services, Compression & Process Service, Well servicing, and Corporate. The majority of revenue is from the Compression & Process Service segment, which includes the Company fabricates a full range of natural gas compression equipment as well as oil, natural gas and other process equipment The company's operations are conducted in Canada, the United States of America, and Australia, out of which the majority are from Canada.