Innovex International (INVX) Short-term Investments (2022 - 2024)
Innovex International (INVX) posted Short-term Investments of $4.0 million for Q1 2024, down 84.5% on a QoQ basis from $25.9 million in Q4 2023, and down 78.77% year-over-year from $18.9 million in Q2 2023.
Innovex International (INVX) Short-term Investments (2022 - 2024) Analysis & Trends
Innovex International's Short-term Investments history runs 3 years deep, the most recent figure standing at $4.0 million for Q1 2024.
- Quarterly Short-term Investments fell 78.77% year-over-year to $4.0 million in Q1 2024, while the trailing twelve-month figure through Mar 2024 was $4.0 million (down 78.77% YoY) and the FY2023 annual result came in at $25.9 million, down 19.62% from the prior year.
- Short-term Investments was $4.0 million for Q1 2024 at Innovex International, down from $25.9 million in the prior quarter.
- Across five years, Short-term Investments topped out at $32.2 million in Q4 2022 and bottomed at $4.0 million in Q1 2024.
- A 3-year average of $19.2 million and a median of $18.9 million in 2023 frame the typical range for Short-term Investments.
- Annual changes were most pronounced in 2023 — Short-term Investments retreated 19.62% — and 2024, when it slumped 78.77%.
- Innovex International's Short-term Investments stood at $32.2 million in 2022, then declined by 19.62% to $25.9 million in 2023, then slumped by 84.5% to $4.0 million in 2024.
- Business Quant data shows INVX's Short-term Investments at $4.0 million in Q1 2024, $25.9 million in Q4 2023, and $8.9 million in Q3 2023.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Slb | 70.54 Bn | 68.33 Bn | 5.38 Bn |
| 2 | Tenaris | 57.93 Bn | 46.32 Bn | 1.05 Bn |
| 3 | TechnipFMC | 30.31 Bn | 29.04 Bn | 1.64 Bn |
| 4 | Halliburton | 27.38 Bn | 25.42 Bn | 2.10 Bn |
| 5 | Nov | 7.25 Bn | 5.97 Bn | 379.00 Mn |
| 6 | Archrock | 6.68 Bn | 6.68 Bn | 247.42 Mn |
| 7 | Weatherford International | 6.15 Bn | 5.02 Bn | 776.00 Mn |
| 8 | Kodiak Gas Services | 5.93 Bn | 5.84 Bn | 222.88 Mn |
| 9 | Oceaneering International | 5.32 Bn | 4.71 Bn | 156.98 Mn |
| 10 | Innovex International | 1.84 Bn | 1.64 Bn | 84.51 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2024 | 4.02 Mn |
| Dec 31, 2023 | 25.91 Mn |
| Sep 30, 2023 | 8.91 Mn |
| Jun 30, 2023 | 18.80 Mn |
| Mar 31, 2023 | 18.92 Mn |
| Dec 31, 2022 | 32.23 Mn |
| Sep 30, 2022 | 25.29 Mn |