Patterson Uti Energy (PTEN) Work In Process (2016 - 2023)
Patterson Uti Energy recorded quarterly Work In Process of $7.4 million in Q4 2023, up 17.66% quarter-over-quarter from $6.3 million in Q3 2023, and up 217.68% year-over-year from $2.3 million in Q4 2022.
Patterson Uti Energy's Work In Process history runs 8 years deep, the most recent figure standing at $7.4 million for Q4 2023.
- In Q4 2023, Work In Process rose 217.68% year-over-year to $7.4 million; the TTM figure through Dec 2023 stood at $7.4 million (up 217.68% YoY), while the FY2023 annual figure was $7.4 million, up 217.68% from the prior year.
- Work In Process came in at $7.4 million for Q4 2023 at Patterson Uti Energy, up from $6.3 million in the prior quarter.
- In the past five years, Work In Process ranged from a high of $8.2 million in Q2 2019 to a low of $255000.0 in Q1 2021.
- A 5-year average of $2.6 million and a median of $1.3 million in 2020 frame the typical range for Work In Process.
- Across the five-year window, Work In Process soared 418.13% in 2019 and plunged 85.48% in 2020, its largest moves.
- Patterson Uti Energy's Work In Process stood at $1.2 million in 2019, then tumbled by 34.74% to $802000.0 in 2020, then advanced by 9.98% to $882000.0 in 2021, then jumped by 165.42% to $2.3 million in 2022, then jumped by 217.68% to $7.4 million in 2023.
- According to Business Quant data, Work In Process over the past three periods registered $7.4 million, $6.3 million, and $4.4 million for Q4 2023, Q3 2023, and Q2 2023 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Precision Drilling | 157.47 Bn | 157.41 Bn | 120.82 Mn |
| 2 | Noble | 8.34 Bn | 7.67 Bn | 755.58 Mn |
| 3 | Transocean | 7.55 Bn | 6.94 Bn | 475.00 Mn |
| 4 | Patterson Uti Energy | 4.63 Bn | 4.30 Bn | 535.85 Mn |
| 5 | Helmerich & Payne | 3.96 Bn | 3.86 Bn | 907.56 Mn |
| 6 | Seadrill | 3.20 Bn | 2.87 Bn | 177.00 Mn |
| 7 | Sable Offshore | 2.10 Bn | 2.05 Bn | -66.76 Mn |
| 8 | Nabors Industries | 1.49 Bn | 1.37 Bn | 290.08 Mn |
| 9 | Borr Drilling | 1.48 Bn | 1.10 Bn | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2023 | 7.44 Mn |
| Sep 30, 2023 | 6.32 Mn |
| Jun 30, 2023 | 4.43 Mn |
| Mar 31, 2023 | 3.02 Mn |
| Dec 31, 2022 | 2.34 Mn |
| Sep 30, 2022 | 2.35 Mn |
| Jun 30, 2022 | 1.84 Mn |
| Mar 31, 2022 | 1.00 Mn |
| Dec 31, 2021 | 882,000.00 |
| Sep 30, 2021 | 943,000.00 |
| Jun 30, 2021 | 424,000.00 |
| Mar 31, 2021 | 255,000.00 |
| Dec 31, 2020 | 802,000.00 |
| Sep 30, 2020 | 1.26 Mn |
| Jun 30, 2020 | 1.19 Mn |
| Mar 31, 2020 | 1.39 Mn |
| Dec 31, 2019 | 1.23 Mn |
| Sep 30, 2019 | 1.09 Mn |
| Jun 30, 2019 | 8.19 Mn |
| Mar 31, 2019 | 6.09 Mn |
| Dec 31, 2018 | 6.38 Mn |
| Sep 30, 2018 | 4.96 Mn |
| Jun 30, 2018 | 2.28 Mn |
| Mar 31, 2018 | 1.18 Mn |
| Dec 31, 2017 | 529,000.00 |
| Sep 30, 2017 | 3.91 Mn |
| Jun 30, 2017 | 2.00 Mn |
| Mar 31, 2017 | 1.64 Mn |
| Dec 31, 2016 | 1.80 Mn |