Forum Energy Technologies (FRA:1FE1) Inventory Turnover : 0.46 (As of Mar. 2024)

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What is Forum Energy Technologies 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. Forum Energy Technologies's Cost of Goods Sold for the three months ended in Mar. 2024 was €127.5 Mil. Forum Energy Technologies's Average Total Inventories for the quarter that ended in Mar. 2024 was €276.8 Mil. Forum Energy Technologies's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.46.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Forum Energy Technologies's Days Inventory for the three months ended in Mar. 2024 was 198.01.

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. Forum Energy Technologies's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 1.49.

Forum Energy Technologies Inventory Turnover Historical Data

The historical data trend for Forum Energy Technologies'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.

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Forum Energy Technologies Inventory Turnover Chart

Forum Energy Technologies Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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1.61

1.48

1.76

2.06

1.85

Forum Energy Technologies 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															0.49	0.45	0.43	0.45	0.46

Forum Energy Technologies Inventory Turnover Calculation

Forum Energy Technologies'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 )
=	490.33	/ (	(254.718	+	274.769)	/	2 )
=	490.33	/	264.7435
=	1.85

Forum Energy Technologies'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 )
=	127.543	/ (	(274.769	+	278.763)	/	2 )
=	127.543	/	276.766
=	0.46

Forum Energy Technologies (FRA:1FE1) 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.

Forum Energy Technologies'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
	=	276.766	/	127.543	*	365 / 4
	=	198.01

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.

Forum Energy Technologies'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 )
	=	276.766	/	186.201
	=	1.49

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.

Forum Energy Technologies Inventory Turnover Related Terms

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Forum Energy Technologies (FRA:1FE1) Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Forum Energy Technologies Inc (FRA:1FE1) » Definitions » Inventory Turnover

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FET:USA

Address

10344 Sam Houston Park Drive, Suite 300, Houston, TX, USA, 77064

Website

https://www.f-e-t.com

Forum Energy Technologies Inc is a global products company, serving the oil, natural gas, industrial and renewable energy industries. The company designs, manufactures, and distributes products and engages in aftermarket parts supply and services that complement its product offering. Its products include highly engineered capital equipment, as well as products that are consumed in the drilling, well construction, production, and transportation of oil and natural gas. It operates in three reporting segments, namely drilling and downhole, completions, and production. Revenue largely comes from consumable products and activity-based equipment. Consumable products include valves, centrifugal pumps, mud pump fluid end components, rig sensors, inserts, and dies.

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