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Helmerich and Payne inc   (HP)
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Helmerich And Payne Inc Inventory Turnover Ratio (COS)

Cost of Sales Formula, Quarterly Results, Trends, Rankings, Statistics

Due to inventory build up in the first quarter 2024, Helmerich And Payne Inc 's inventory turnover ratio sequentially decreased to 17.06 in the first quarter 2023, otherwise the ratio remained above the average, as HP's markets remain strong.Average processing period, for Helmerich And Payne Inc 's inventories remained unchanged at 21 days, in the Dec 31 2023 quarter.

Within Energy sector 10 other companies have achieved higher inventory turnover ratio. While Inventory turnover ratio total ranking has improved so far during the I Quarter 2024, to 11, from total ranking in the forth quarter 2023 at 80.

HP Inventory Turnover Ratio using Sales Formula
What is Inventory Turnover Ratio?
What is Helmerich And Payne Inc Market Share?

What is Inventory Turnover Ratio?


HP Inventory Turnover Ratio (Dec 31 2023)
I. Quarter
(Sep 30 2023)
IV. Quarter
(Jun 30 2023)
III. Quarter
(Mar 31 2023)
II. Quarter
(Dec 31 2022)
I. Quarter
Y / Y Inventory Growth 11.74 % 7.13 % 17.67 % 18.93 % 4 %
Y / Y Cost of Sales Growth -5.83 % 0.25 % 13.76 % 31.73 % 42.35 %
Inventory Turnover Ratio (TTM) 17.06 17.79 18.07 18.25 17.84
HP's Total Ranking # 11 # 80 # 80 # 122 # 163
Average inventory processing period 21 21 20 20 20
Seq. Inventory Growth 7.63 % -6.98 % 1.9 % 9.53 % 3.19 %
Seq. Cost of Sales Growth -1.29 % -4.81 % -4.44 % 4.87 % 5.08 %



Inventory Turnover Ratio Company Ranking
Within: No.
Oil Well Services & Equipment Industry # 1
Energy Sector # 11
Overall Market # 11

Inventory Turnover Ratio Statistics
High Average Low
39.24 16.67 0.03
(Dec. 31, 2009)   (Sep 30 2019)




Financial Statements
Helmerich And Payne Inc 's Inventories $ 101 Millions Visit HP's Balance sheet
Helmerich And Payne Inc 's Cost of Revenues TTM $ 1,690 Millions Visit HP's Income Statement
What are HP's Sales? Visit HP's Sales by Segment

Other Inventory Turnover Ratios
Helmerich And Payne Inc 's Inventory to Sales Ratio
U.S. Durable Goods Inventory to Shipment Ratio By Product
Oil Well Services & Equipment Industry Inventory Turnover Trends and Statistics
Energy Sector Inventory Turnover Statistics
Inventory Turnover Trends for overall market
HP's Inventory Turnover Ratio versus Oil Well Services & Equipment Industry, Energy Sector and total Market
Highest Ranking Inventory Turnover
Lowest Ranking Inventory Turnover
Inventory Turnover for HP's Competitors
Inventory Turnover Ratio for HP's Suppliers
Inventory Turnover Ratio for HP's Customers

You may also want to know
HP's Sales Growth Rates HP's Pe Price to earnings ratio HP's Receivables Turnover Ratio HP's Stock Quote
HP's Net Income Growth Rates HP's Ps Price to Sales ratio HP's Sales per Employee HP's Asset Turnover Ratio
HP's Net Margin HP's Pb Price to Book ratio HP's Financial Strength Ratios HP's Dividend Payout Ratio



Companies with similar Inventory Turnover Ratio for the quarter ending Dec 31 2023, within Energy Sector Inventory Turnover Ratio Cost of revenues at quarter ending Dec 31 2023 Inventories at quarter ending Dec 31 2023
Global Partners lp  40.91 $ 15,518.534  Millions$ 379  Millions
Select Water Solutions inc   32.35 $ 1,353.000  Millions$ 42  Millions
Sunoco Lp  24.82 $ 21,703.000  Millions$ 874  Millions
Phillips 66  24.05 $ 128,086.000  Millions$ 5,327  Millions
Klx Energy Services Holdings Inc   21.50 $ 672.500  Millions$ 31  Millions
Valero Energy Corp  17.87 $ 131,834.000  Millions$ 7,378  Millions
Helmerich and Payne inc   17.06 $ 1,690.150  Millions$ 99  Millions
Team Inc   16.95 $ 651.000  Millions$ 38  Millions
Conocophillips  16.85 $ 21,975.000  Millions$ 1,305  Millions
Liberty Energy Inc   16.43 $ 3,349.370  Millions$ 204  Millions
Cnx Resources Corporation  15.97 $ 381.934  Millions$ 24  Millions
Vertex Energy Inc   14.87 $ 3,005.000  Millions$ 202  Millions
Delek Us Holdings Inc   13.64 $ 16,205.400  Millions$ 1,188  Millions
Cvr Energy inc  13.59 $ 7,974.000  Millions$ 587  Millions
Hallador Energy Co  13.13 $ 473.390  Millions$ 36  Millions
Marathon Petroleum Corporation  13.10 $ 128,566.000  Millions$ 9,816  Millions
Chevron Corp  13.07 $ 119,196.000  Millions$ 9,118  Millions
The Aes Corporation  12.91 $ 10,164.000  Millions$ 787  Millions
Nabors Industries ltd  12.13 $ 1,790.380  Millions$ 148  Millions
Pbf Energy Inc   11.92 $ 35,926.200  Millions$ 3,013  Millions
Chord Energy Corporation  11.63 $ 761.325  Millions$ 65  Millions
Alliance Resource Partners Lp  10.93 $ 1,368.787  Millions$ 125  Millions
North American Construction Group Ltd   10.33 $ 514.000  Millions$ 50  Millions
Rpc inc   10.30 $ 1,089.519  Millions$ 106  Millions
Oceaneering International Inc  9.83 $ 2,025.735  Millions$ 206  Millions
Ramaco Resources Inc   9.60 $ 493.793  Millions$ 51  Millions
Arch Resources inc   9.25 $ 2,341.000  Millions$ 253  Millions
Coterra Energy Inc   9.21 $ 562.000  Millions$ 61  Millions
Alpha Metallurgical Resources Inc   9.06 $ 2,356.138  Millions$ 260  Millions
Fgi Industries ltd   8.66 $ 85.000  Millions$ 10  Millions

Date modified: 2024-01-30T18:13:48+00:00



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