Nextier Oilfield Solutions Inc (NEX) Inventory Turnover Ratio, from second quarter 2023 to second quarter 2022, current and historic results, rankings and more, Quarterly Fundamentals - CSIMarket
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Nextier Oilfield Solutions Inc   (NYSE: NEX)
    Sector • Energy    Industry • Oil And Gas Production
   Industry • Oil And Gas Production
   Sector • Energy
 

Nextier Oilfield Solutions Inc Inventory Turnover Ratio (COS)

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

Due to inventory build up in the second quarter 2023, Nextier Oilfield Solutions Inc 's inventory turnover ratio sequentially decreased to 40.08 in the second quarter 2023, otherwise the ratio remained above the average, as NEX's markets remain strong.Average processing period, for Nextier Oilfield Solutions Inc 's inventories remained unchanged at 9 days, in the Jun 30 2023 quarter.

Within Energy sector 6 other companies have achieved higher inventory turnover ratio. While Inventory turnover ratio total ranking has improved so far during the II Quarter 2023, to 5, from total ranking in the first quarter 2023 at 80.

NEX Inventory Turnover Ratio using Sales Formula
What is Inventory Turnover Ratio?
What is Nextier Oilfield Solutions Inc Market Share?

What is Inventory Turnover Ratio?



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NEX Inventory Turnover Ratio (Jun 30 2023)
II. Quarter		 (Mar 31 2023)
I. Quarter		 (Dec 31 2022)
IV. Quarter		 (Sep 30 2022)
III. Quarter		 (Jun 30 2022)
II. Quarter
Y / Y Inventory Growth 28.28 % 30.06 % 74.29 % 57.47 % 84.76 %
Y / Y Cost of Sales Growth 4.07 % 28.45 % 49.39 % 98.09 % 141.35 %
Inventory Turnover Ratio (TTM) 40.08 42.25 42.46 44.23 42.15
NEX's Total Ranking # 5 # 80 # 105 # 60 # 107
Average inventory processing period 9 9 9 8 9
Seq. Inventory Growth 10.8 % -0.2 % 10.64 % 4.86 % 12.33 %
Seq. Cost of Sales Growth 0.35 % 6.49 % -7.29 % 5.05 % 23.87 %




Inventory Turnover Ratio Company Ranking
Within: No.
Oil And Gas Production Industry # 3
Energy Sector # 7
Overall Market # 5

Inventory Turnover Ratio Statistics
High Average Low
54.77 36.8 12.87
(Sep 30 2019)   (Jun 30 2017)



NEX Company Profile >> Back to NEX Efficiency Comparisons >> Compare NEX Inventory Turnover Ratio to its Competitors

Financial Statements
Nextier Oilfield Solutions Inc 's Inventories $ 73 Millions Visit NEX's Balance sheet
Nextier Oilfield Solutions Inc 's Cost of Revenues TTM $ 2,666 Millions Visit NEX's Income Statement
What are NEX's Sales? Visit NEX's Sales by Segment

Other Inventory Turnover Ratios
Nextier Oilfield Solutions Inc 's Inventory to Sales Ratio
U.S. Durable Goods Inventory to Shipment Ratio By Product
Oil And Gas Production Industry Inventory Turnover Trends and Statistics
Energy Sector Inventory Turnover Statistics
Inventory Turnover Trends for overall market
NEX's Inventory Turnover Ratio versus Oil And Gas Production Industry, Energy Sector and total Market
Highest Ranking Inventory Turnover
Lowest Ranking Inventory Turnover
Inventory Turnover for NEX's Competitors
Inventory Turnover Ratio for NEX's Suppliers
Inventory Turnover Ratio for NEX's Customers

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



Companies with similar Inventory Turnover Ratio for the quarter ending Jun 30 2023, within Energy Sector Inventory Turnover Ratio Cost of revenues at quarter ending Jun 30 2023 Inventories at quarter ending Jun 30 2023
Independence Contract Drilling inc   90.20 $ 138.617  Millions$ 2  Millions
Ranger Energy Services inc   84.28 $ 533.100  Millions$ 6  Millions
Propetro Holding Corp   78.70 $ 882.820  Millions$ 11  Millions
World Kinect Corporation  77.43 $ 51,852.100  Millions$ 670  Millions
Enservco Corporation  64.02 $ 19.831  Millions$ 0  Millions
Nextier Oilfield Solutions Inc   40.08 $ 2,665.816  Millions$ 67  Millions
Global Partners Lp  36.76 $ 15,841.057  Millions$ 431  Millions
Select Water Solutions inc   32.84 $ 1,356.264  Millions$ 41  Millions
Phillips 66  27.57 $ 133,704.000  Millions$ 4,849  Millions
Sunoco Lp  27.09 $ 22,326.000  Millions$ 824  Millions
Victory Clean Energy Inc   26.25 $ 0.856  Millions$ 0  Millions
Crossamerica Partners Lp  25.58 $ 1,243.520  Millions$ 49  Millions
Klx Energy Services Holdings Inc   25.12 $ 689.600  Millions$ 27  Millions
Mammoth Energy Services Inc   24.20 $ 227.701  Millions$ 9  Millions
Conocophillips  23.28 $ 28,740.000  Millions$ 1,235  Millions
Valero Energy Corp  20.31 $ 141,162.000  Millions$ 6,949  Millions
Blue Dolphin Energy Co  19.26 $ 381.192  Millions$ 20  Millions
Helmerich and Payne inc   18.07 $ 1,714.095  Millions$ 95  Millions
Liberty Energy Inc   17.48 $ 3,487.171  Millions$ 199  Millions
Team Inc   16.81 $ 627.082  Millions$ 37  Millions
Vertex Energy Inc   16.48 $ 2,920.384  Millions$ 177  Millions
American Resources Corporation  15.51 $ 18.794  Millions$ 1  Millions
Patterson uti Energy Inc   14.94 $ 920.983  Millions$ 62  Millions
Cvr Energy Inc  14.81 $ 8,845.000  Millions$ 597  Millions
Cnx Resources Corporation  14.77 $ 378.985  Millions$ 26  Millions
Chevron Corp  14.70 $ 131,155.000  Millions$ 8,920  Millions
Marathon Petroleum Corporation  13.88 $ 133,452.000  Millions$ 9,616  Millions
Pbf Energy Inc   13.80 $ 38,434.400  Millions$ 2,785  Millions
Alliance Resource Partners Lp  13.36 $ 1,381.512  Millions$ 103  Millions
Nabors Industries Ltd  13.06 $ 1,807.355  Millions$ 138  Millions

Date modified: 2026-06-22T16:30:31+00:00




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