Ranger Energy Services Inc

NYSE RNGR

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Ranger Energy Services Inc Days Inventory Outstanding (DIO) for the quarter ending March 31, 2024: 17.70

Ranger Energy Services Inc Days Inventory Outstanding (DIO) is 17.70 for the quarter ending March 31, 2024, a 5.10% change year over year. The days inventory outstanding ratio measures the average number of days it takes for a company to sell its inventory. It is calculated by dividing inventory by the cost of revenue and then multiplying by 365. This ratio indicates the average number of days inventory is held before being sold. A lower number of days suggests faster inventory turnover and efficient inventory management.
  • Ranger Energy Services Inc Days Inventory Outstanding (DIO) for the quarter ending March 31, 2023 was 16.84, a 41.47% change year over year.
  • Ranger Energy Services Inc Days Inventory Outstanding (DIO) for the quarter ending March 31, 2022 was 11.90, a -40.31% change year over year.
  • Ranger Energy Services Inc Days Inventory Outstanding (DIO) for the quarter ending March 31, 2021 was 19.94, a -4.06% change year over year.
  • Ranger Energy Services Inc Days Inventory Outstanding (DIO) for the quarter ending March 31, 2020 was 20.78, a -26.74% change year over year.
NYSE: RNGR

Ranger Energy Services Inc

CEO Mr. Stuart N. Bodden
IPO Date Aug. 11, 2017
Location United States
Headquarters 10350 Richmond, Houston, TX, United States, 77042
Employees 2,000
Sector Energy
Industry Oil & gas equipment & services
Description

Ranger Energy Services, Inc. provides onshore high specification well service rigs, wireline services, and complementary services to exploration and production companies in the United States. It operates through three segments: High Specification Rigs, Wireline Services, and Processing Solutions and Ancillary Services. The High Specification Rigs segment offers well service rigs and complementary equipment and services to facilitate operations throughout the lifecycle of a well; and well maintenance services. This segment also has a fleet of 402 well service rigs. The Wireline Services segment provides wireline production and intervention services to provide information to identify and resolve well production problems through cased hole logging, perforating, mechanical, and pipe recovery services; wireline completion services that are used primarily for pump down perforating operations to create perforations or entry holes through the production casing; and pumping services. This segment also has a fleet of 66 wireline units and 29 high-pressure pump trucks. The Processing Solutions and Ancillary Services segment rents well service-related equipment consisting of fluid pumps, power swivels, well control packages, hydraulic catwalks, frac tanks, pipe racks, and pipe handling tools; and coiled tubing, decommissioning, and snubbing services, as well as provides proprietary and modular equipment for the processing of natural gas streams. This segment also engages in the rental, installation, commissioning, start up, operation, and maintenance of mechanical refrigeration units, nitrogen gas liquid stabilizer units, nitrogen gas liquid storage units, and related equipment. Ranger Energy Services, Inc. was incorporated in 2017 and is headquartered in Houston, Texas.

StockViz Staff

September 19, 2024

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