Patterson Uti Energy (PTEN) Work In Process (2016 - 2023)
Patterson Uti Energy (PTEN) posted Work In Process of $7.4 million for Q4 2023, up 17.66% sequentially from $6.3 million in Q3 2023, and up 217.68% YoY from $2.3 million in Q4 2022.
Patterson Uti Energy (PTEN) Work In Process (2016 - 2023) Analysis & Trends
Patterson Uti Energy has reported Work In Process for 8 years, with the latest figure at $7.4 million in Q4 2023.
- Quarterly Work In Process rose 217.68% year-over-year to $7.4 million in Q4 2023, while the trailing twelve-month figure through Dec 2023 was $7.4 million (up 217.68% YoY) and the FY2023 annual result came in at $7.4 million, up 217.68% from the prior year.
- Work In Process improved to $7.4 million in Q4 2023 per PTEN's latest filing, from $6.3 million in the prior quarter.
- Over five years, Work In Process peaked at $8.2 million in Q2 2019 and troughed at $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.
- The sharpest annual moves came in 2019 and 2020: Work In Process jumped 418.13% in 2019, then sank 85.48% in 2020.
- Over 5 years, Work In Process stood at $1.2 million in 2019, then plunged by 34.74% to $802000.0 in 2020, then climbed by 9.98% to $882000.0 in 2021, then surged by 165.42% to $2.3 million in 2022, then surged 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.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Noble | 7.46 Bn | 7.01 Bn | 273.38 Mn |
| 2 | Transocean | 6.71 Bn | 5.91 Bn | 358.00 Mn |
| 3 | Patterson Uti Energy | 4.63 Bn | 4.43 Bn | 597.25 Mn |
| 4 | Helmerich & Payne | 4.39 Bn | 4.16 Bn | 349.94 Mn |
| 5 | Seadrill | 2.96 Bn | 2.60 Bn | 234.00 Mn |
| 6 | Borr Drilling | 1.36 Bn | 1.14 Bn | - |
| 7 | Nabors Industries | 1.30 Bn | 792.72 Mn | 309.38 Mn |
| 8 | Precision Drilling | 1.15 Bn | 1.10 Bn | 89.29 Mn |
| 9 | Valaris | 886.35 Mn | 345.15 Mn | 123.70 Mn |
| 10 | Sable Offshore | 777.33 Mn | 755.73 Mn | - |
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 |