Halliburton Company (HAL)

Inventory turnover

		Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Cost of revenue (ttm)	US$ in thousands	256,000	248,000	249,000	676,000	696,000	693,000	692,000	262,000	236,000	667,000	794,000	3,427,000	4,506,000	6,683,000	6,556,000	4,208,000	3,201,000	573,000	587,000	5,609,000
Inventory	US$ in thousands	3,226,000	3,336,000	3,241,000	3,133,000	2,923,000	2,842,000	2,654,000	2,578,000	2,361,000	2,354,000	2,355,000	2,349,000	2,349,000	2,580,000	2,745,000	3,220,000	3,139,000	3,400,000	3,347,000	3,264,000
Inventory turnover		0.08	0.07	0.08	0.22	0.24	0.24	0.26	0.10	0.10	0.28	0.34	1.46	1.92	2.59	2.39	1.31	1.02	0.17	0.18	1.72

December 31, 2023 calculation

Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $256,000K ÷ $3,226,000K
= 0.08

The inventory turnover for Halliburton Co. has been consistent over the past eight quarters, ranging between 5.41 and 5.81. This indicates that the company is effectively managing its inventory levels and efficiently turning over its stock into sales. With an average inventory turnover of approximately 5.66 over this period, Halliburton Co. is maintaining a healthy balance between having enough inventory to meet demand and avoiding excessive stockpiling.

Overall, the stable inventory turnover suggests that Halliburton Co. has a good control over its inventory management, which is crucial for optimizing the use of resources and maximizing operational efficiency. Monitoring this metric going forward will be important to ensure that the company continues to effectively manage its inventory levels as it navigates changing market conditions.