Helmerich and Payne Inc (HP)
Inventory turnover
| Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 1,900,967 | 1,883,164 | 1,877,578 | 1,915,817 | 1,944,929 | 1,947,226 | 1,890,166 | 1,775,204 | 1,634,187 | 1,507,225 | 1,387,940 | 1,327,313 | 1,218,770 | 1,088,084 | 1,036,842 | 1,733,748 | 1,944,038 | 3,588,138 | 3,609,921 | 2,630,377 |
| Inventory | US$ in thousands | 117,884 | 115,312 | 107,210 | 101,419 | 94,227 | 101,299 | 99,408 | 90,761 | 87,957 | 86,091 | 83,588 | 87,272 | 84,057 | 90,537 | 96,504 | 99,353 | 104,180 | 113,034 | 112,474 | 148,688 |
| Inventory turnover | 16.13 | 16.33 | 17.51 | 18.89 | 20.64 | 19.22 | 19.01 | 19.56 | 18.58 | 17.51 | 16.60 | 15.21 | 14.50 | 12.02 | 10.74 | 17.45 | 18.66 | 31.74 | 32.10 | 17.69 |
September 30, 2024 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $1,900,967K ÷ $117,884K
= 16.13
The inventory turnover ratio for Helmerich and Payne Inc has shown fluctuations over the past years. It indicates how efficiently the company manages its inventory by measuring the number of times it sells and replaces its inventory during a specific period.
From December 2019 to September 2024, the inventory turnover ratio ranged from 10.74 to 32.10. Generally, a higher inventory turnover ratio reflects better inventory management and liquidity, as it implies that the company is selling its inventory more quickly.
In the recent quarters, the company's inventory turnover has been relatively high, with ratios ranging from 16.13 to 18.89. This suggests that the company has been efficiently managing its inventory levels, possibly by controlling costs, improving demand forecasting, or enhancing supply chain efficiency.
It is important for investors and analysts to monitor inventory turnover ratios over time to assess the company's operational efficiency and potential liquidity risks. Overall, the trend in Helmerich and Payne Inc's inventory turnover indicates a proactive approach to managing inventory levels.
Peer comparison
Sep 30, 2024
Sep 30, 2024