Weatherford International PLC

NASDAQ WFRD

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Weatherford International PLC Inventory Turnover Ratio 2 year CAGR for the year ending December 31, 2023: 3.09%

Weatherford International PLC Inventory Turnover Ratio 2 year CAGR is 3.09% for the year ending December 31, 2023, a -46.78% change year over year. The inventory turnover ratio measures the efficiency of a company's inventory management by assessing how quickly it sells and replaces its inventory. It is calculated by dividing the cost of revenue by the average inventory value. This ratio indicates the number of times the company's inventory is sold and replaced within a specific period. A higher turnover ratio suggests efficient inventory management, while a lower ratio may indicate slow sales or excess inventory. CAGR, or the Compound Annual Growth Rate, quantifies the mean annual growth rate of an investment or financial metric over a specified time span, considering the influence of compounding. It is instrumental in determining the true annualized return on an investment.
  • Weatherford International PLC Inventory Turnover Ratio for the year ending December 31, 2022 was 4.38, a 8.13% change year over year.
  • Weatherford International PLC Inventory Turnover Ratio for the year ending December 31, 2021 was 4.05, a 3.55% change year over year.
  • Weatherford International PLC Inventory Turnover Ratio for the year ending December 31, 2020 was 3.91, a -1.24% change year over year.
  • Weatherford International PLC Inventory Turnover Ratio for the year ending December 31, 2019 was 3.96, a -9.99% change year over year.
NASDAQ: WFRD

Weatherford International PLC

CEO Mr. Girishchandra K. Saligram
IPO Date June 2, 2021
Location United States
Headquarters 2000 St. James Place, Houston, TX, United States, 77056
Employees 18,800
Sector Energy
Industry Oil & gas equipment & services
Description

Weatherford International plc, an energy services company, provides equipment and services for the drilling, evaluation, completion, production, and intervention of oil, geothermal, and natural gas wells worldwide. The company operates through three segments: Drilling and Evaluation; Well Construction and Completions; and Production and Intervention. It offers artificial lift systems, including reciprocating rod, progressing cavity pumping, gas, hydraulic, plunger, and hybrid lift systems, as well as related automation and control systems; pressure pumping and reservoir stimulation services, such as acidizing, fracturing, cementing, and coiled-tubing intervention; and software, automation and flow measurement solutions. The company also provides safety, downhole reservoir monitoring, flow control, and multistage fracturing systems, as well as sand-control technologies, and production and isolation packers; liner hangers to suspend a casing string in high-temperature and high-pressure wells; cementing products, including plugs, float and stage equipment, and torque-and-drag reduction technology for zonal isolation; and pre-job planning and installation services. In addition, it offers directional drilling services, and logging and measurement services while drilling; services related to rotary-steerable systems, high temperature and high pressure sensors, drilling reamers, and circulation subs; rotating control devices and advanced automated control systems, as well as closed loop drilling, air drilling, managed-pressure drilling, and underbalanced drilling services; open-hole and cased-hole logging services; and intervention and remediation services. Further, it provides tubular handling, management, and connection services; and re-entry, fishing, and well abandonment services, as well as patented bottom hole, tubular-handling equipment, pressure-control equipment, and drill pipe and collars. The company was incorporated in 1972 and is based in Houston, Texas.

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StockViz Staff

September 20, 2024

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