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Growth Metrics

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

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DateValue
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