Precision Days Of Inventory On Hand from 2010 to 2024

PDS Stock  USD 62.44  0.84  1.36%   
Precision Drilling Days Of Inventory On Hand yearly trend continues to be comparatively stable with very little volatility. Days Of Inventory On Hand is likely to outpace its year average in 2024. From the period from 2010 to 2024, Precision Drilling Days Of Inventory On Hand quarterly data regression had r-value of  0.59 and coefficient of variation of  53.23. View All Fundamentals
 
Days Of Inventory On Hand  
First Reported
2010-12-31
Previous Quarter
10.68805892
Current Value
16.68
Quarterly Volatility
4.22038468
 
Credit Downgrade
 
Yuan Drop
 
Covid
Check Precision Drilling financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Precision Drilling's main balance sheet or income statement drivers, such as Depreciation And Amortization of 233.5 M, Interest Expense of 118 M or Total Revenue of 1.5 B, as well as many indicators such as Price To Sales Ratio of 0.49, Dividend Yield of 0.0612 or PTB Ratio of 0.6. Precision financial statements analysis is a perfect complement when working with Precision Drilling Valuation or Volatility modules.
  
Check out the analysis of Precision Drilling Correlation against competitors.
For more information on how to buy Precision Stock please use our How to Invest in Precision Drilling guide.

Latest Precision Drilling's Days Of Inventory On Hand Growth Pattern

Below is the plot of the Days Of Inventory On Hand of Precision Drilling over the last few years. It is Precision Drilling's Days Of Inventory On Hand historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Precision Drilling's overall financial position and show how it may be relating to other accounts over time.
Days Of Inventory On Hand10 Years Trend
Slightly volatile
   Days Of Inventory On Hand   
       Timeline  

Precision Days Of Inventory On Hand Regression Statistics

Arithmetic Mean7.93
Geometric Mean6.66
Coefficient Of Variation53.23
Mean Deviation3.22
Median8.68
Standard Deviation4.22
Sample Variance17.81
Range14.8752
R-Value0.59
Mean Square Error12.60
R-Squared0.34
Significance0.02
Slope0.55
Total Sum of Squares249.36

Precision Days Of Inventory On Hand History

2024 16.68
2023 10.69
2022 9.14
2021 8.72
2020 10.66
2019 8.43
2018 8.68

About Precision Drilling Financial Statements

Precision Drilling shareholders use historical fundamental indicators, such as Days Of Inventory On Hand, to determine how well the company is positioned to perform in the future. Although Precision Drilling investors may analyze each financial statement separately, they are all interrelated. The changes in Precision Drilling's assets and liabilities, for example, are also reflected in the revenues and expenses on on Precision Drilling's income statement. Understanding these patterns can help investors time the market effectively. Please read more on our fundamental analysis page.
Last ReportedProjected for Next Year
Days Of Inventory On Hand 10.69  16.68 

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Additional Tools for Precision Stock Analysis

When running Precision Drilling's price analysis, check to measure Precision Drilling's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Precision Drilling is operating at the current time. Most of Precision Drilling's value examination focuses on studying past and present price action to predict the probability of Precision Drilling's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Precision Drilling's price. Additionally, you may evaluate how the addition of Precision Drilling to your portfolios can decrease your overall portfolio volatility.