Helmerich and Payne Inc

NYSE HP

Data sourced from iex and EODHD
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Helmerich and Payne Inc Inventory Turnover Ratio 2 year CAGR for the Trailing 12 Months (TTM) ending March 31, 2024: 1.61%

Helmerich and Payne Inc Inventory Turnover Ratio 2 year CAGR is 1.61% for the Trailing 12 Months (TTM) ending March 31, 2024, a -95.68% 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.
  • Helmerich and Payne Inc Inventory Turnover Ratio for the Trailing 12 Months (TTM) ending March 31, 2023 was 5.66, a 23.58% change year over year.
  • Helmerich and Payne Inc Inventory Turnover Ratio for the Trailing 12 Months (TTM) ending March 31, 2022 was 4.58, a 52.36% change year over year.
  • Helmerich and Payne Inc Inventory Turnover Ratio for the Trailing 12 Months (TTM) ending March 31, 2021 was 3.01, a -25.67% change year over year.
  • Helmerich and Payne Inc Inventory Turnover Ratio for the Trailing 12 Months (TTM) ending March 31, 2020 was 4.04, a 6.15% change year over year.
NYSE: HP

Helmerich and Payne Inc

CEO Mr. John W. Lindsay
IPO Date Oct. 15, 1980
Location United States
Headquarters 1437 South Boulder Avenue, Tulsa, OK, United States, 74119
Employees 7,100
Sector Energy
Industry Oil & gas drilling
Description

Helmerich & Payne, Inc., together with its subsidiaries, provides drilling services and solutions for exploration and production companies. The company operates through North America Solutions, Offshore Gulf of Mexico, and International Solutions segments. The North America Solutions segment drills primarily in Colorado, Louisiana, New Mexico, North Dakota, Ohio, Oklahoma, Pennsylvania, Utah, West Virginia, and Wyoming. The Offshore Gulf of Mexico segment has drilling operations in Louisiana and in U.S. federal waters in the Gulf of Mexico. The International Solutions segment conducts drilling operations in Argentina, Bahrain, Australia, Colombia, and the United Arab Emirates. It also focuses on developing, promoting, and commercializing technologies designed to enhance the drilling operations, as well as wellbore quality and placement. In addition, the company owns and operates commercial real estate properties. Further, its real estate investments include a shopping center located in Tulsa, Oklahoma. Helmerich & Payne, Inc. was founded in 1920 and is headquartered in Tulsa, Oklahoma.

StockViz Staff

September 20, 2024

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