Helmerich and Payne Inc (HP)

Inventory turnover

		Sep 30, 2023	Sep 30, 2022	Sep 30, 2021	Sep 30, 2020	Sep 30, 2019
Cost of revenue	US$ in thousands	1,944,930	1,634,190	1,217,360	1,947,560	2,235,080
Inventory	US$ in thousands	94,227	87,957	84,057	104,180	149,653
Inventory turnover		20.64	18.58	14.48	18.69	14.94

September 30, 2023 calculation

Inventory turnover = Cost of revenue ÷ Inventory
= $1,944,930K ÷ $94,227K
= 20.64

I'm sorry, but the provided data for Helmerich & Payne, Inc.'s inventory turnover appears to be incorrect. An inventory turnover of 0.00 for multiple consecutive years is highly unusual and not in line with typical business operations. I recommend verifying the accuracy of the data and ensuring that the calculations for inventory turnover are performed correctly. Without accurate data, it is not possible to provide a meaningful analysis or interpretation of the inventory turnover for Helmerich & Payne, Inc.

Peer comparison

Sep 30, 2023

Company name

Symbol

Inventory turnover

Helmerich and Payne Inc

20.64

Nabors Industries Ltd

NBR

13.77

Patterson-UTI Energy Inc