Flotek Industries Inc

NYSE FTK

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Flotek Industries Inc Inventory Turnover Ratio 2 year CAGR for the year ending December 31, 2023: 74.29%

Flotek Industries Inc Inventory Turnover Ratio 2 year CAGR is 74.29% for the year ending December 31, 2023, a -83.90% 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.
  • Flotek Industries Inc Inventory Turnover Ratio for the year ending December 31, 2022 was 9.08, a 114.62% change year over year.
  • Flotek Industries Inc Inventory Turnover Ratio for the year ending December 31, 2021 was 4.23, a 1,368.27% change year over year.
  • Flotek Industries Inc Inventory Turnover Ratio for the year ending December 31, 2020 was 0.29, a -26.12% change year over year.
  • Flotek Industries Inc Inventory Turnover Ratio for the year ending December 31, 2019 was 0.39, a 15.52% change year over year.
NYSE: FTK

Flotek Industries Inc

CEO Mr. John Willis Gibson Jr., B.Sc., BSc Geology, M.Sc., MSc Geology
IPO Date July 27, 2005
Location United States
Headquarters 8846 North Sam Houston Pkwy West, Houston, TX, United States, 77064
Employees 143
Sector Energy
Industry Oil & gas equipment & services
Description

Flotek Industries, Inc. operates as a technology-driven green chemistry and data company that serves customers across industrial and commercial markets in the United States, the United Arab Emirates, and internationally. It operates through two segments: Chemistry Technologies (CT) and Data Analytics (DA). The CT segment designs, develops, manufactures, packages, distributes, delivers, and markets green specialty chemicals that enhance the profitability of hydrocarbon producers, as well as green specialty chemistries, and logistics and technology services. This segment primarily serves integrated oil and gas, oilfield services, independent oil and gas, national and state-owned oil, geothermal energy, solar energy, and alternative energy companies. The DA segment designs, develops, produces, sells, and supports equipment and services that create and provide valuable information on the composition and properties of energy customers' hydrocarbon fluids. It sells its products directly through a mix of in-house sales professionals, as well as contractual agency agreements. Flotek Industries, Inc. was incorporated in 1985 and is headquartered in Houston, Texas.

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StockViz Staff

September 20, 2024

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