Drilling Inventory Turnover from 2010 to 2024
| DTI Stock | 5.44 0.11 1.98% |
Inventory Turnover | First Reported 2010-12-31 | Previous Quarter 11.09872865 | Current Value 8.34 | Quarterly Volatility 0.5375643 |
Check Drilling Tools financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Drilling Tools' main balance sheet or income statement drivers, such as Tax Provision of 3.1 M, Depreciation And Amortization of 16.5 M or Interest Expense of 749.1 K, as well as many indicators such as Price To Sales Ratio of 0.43, Dividend Yield of 0.0 or PTB Ratio of 0.73. Drilling financial statements analysis is a perfect complement when working with Drilling Tools Valuation or Volatility modules.
Drilling |
Latest Drilling Tools' Inventory Turnover Growth Pattern
Below is the plot of the Inventory Turnover of Drilling Tools International over the last few years. It is a ratio showing how many times a company's inventory is sold and replaced over a period, indicating the efficiency of inventory management. Drilling Tools' Inventory Turnover historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Drilling Tools' overall financial position and show how it may be relating to other accounts over time.
| Inventory Turnover | 10 Years Trend |
|
Inventory Turnover |
| Timeline |
Drilling Inventory Turnover Regression Statistics
| Arithmetic Mean | 10.04 | |
| Geometric Mean | 10.03 | |
| Coefficient Of Variation | 5.35 | |
| Mean Deviation | 0.23 | |
| Median | 10.09 | |
| Standard Deviation | 0.54 | |
| Sample Variance | 0.29 | |
| Range | 2.7587 | |
| R-Value | (0.19) | |
| Mean Square Error | 0.30 | |
| R-Squared | 0.04 | |
| Significance | 0.50 | |
| Slope | (0.02) | |
| Total Sum of Squares | 4.05 |
Drilling Inventory Turnover History
About Drilling Tools Financial Statements
There are typically three primary documents that fall into the category of financial statements. These documents include Drilling Tools income statement, its balance sheet, and the statement of cash flows. Drilling Tools investors use historical funamental indicators, such as Drilling Tools's Inventory Turnover, to determine how well the company is positioned to perform in the future. Although Drilling Tools investors may use each financial statement separately, they are all related. The changes in Drilling Tools's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Drilling Tools's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on Drilling Tools Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Drilling Tools. Please read more on our technical analysis and fundamental analysis pages.
| Last Reported | Projected for Next Year | ||
| Inventory Turnover | 11.10 | 8.34 |
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Additional Information and Resources on Investing in Drilling Stock
When determining whether Drilling Tools Inter offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Drilling Tools' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Drilling Tools International Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Drilling Tools International Stock:Check out the analysis of Drilling Tools Correlation against competitors. You can also try the Headlines Timeline module to stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity.
Is Oil & Gas Equipment & Services space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Drilling Tools. If investors know Drilling will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Drilling Tools listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.64) | Earnings Share 0.41 | Revenue Per Share 5.728 | Quarterly Revenue Growth (0.09) | Return On Assets 0.1129 |
The market value of Drilling Tools Inter is measured differently than its book value, which is the value of Drilling that is recorded on the company's balance sheet. Investors also form their own opinion of Drilling Tools' value that differs from its market value or its book value, called intrinsic value, which is Drilling Tools' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Drilling Tools' market value can be influenced by many factors that don't directly affect Drilling Tools' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Drilling Tools' value and its price as these two are different measures arrived at by different means. Investors typically determine if Drilling Tools is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Drilling Tools' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.