Patterson Uti Energy (PTEN) Work In Process (2016 - 2023)
Patterson Uti Energy's (PTEN) quarterly Work In Process came in at $7.4 million in Q4 2023, up 217.68% year-on-year from $2.3 million in Q4 2022, and up 17.66% quarter-over-quarter from $6.3 million in Q3 2023.
Patterson Uti Energy (PTEN) Work In Process (2016 - 2023) Analysis & Trends
Patterson Uti Energy has disclosed Work In Process across 8 years of filings, most recently posting $7.4 million for Q4 2023.
- Work In Process for Q4 2023 came in at $7.4 million, up 217.68% year-over-year; the trailing twelve-month figure through Dec 2023 was $7.4 million (up 217.68% YoY), and the FY2023 annual result 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.
- The 5-year median for Work In Process is $1.3 million (2020), against an average of $2.6 million.
- Across the five-year window, Work In Process surged 418.13% in 2019 and sank 85.48% in 2020, its largest moves.
- Patterson Uti Energy's Work In Process stood at $1.2 million in 2019, then plunged by 34.74% to $802000.0 in 2020, then gained by 9.98% to $882000.0 in 2021, then soared by 165.42% to $2.3 million in 2022, then soared by 217.68% to $7.4 million in 2023.
- The last three Work In Process figures came in at $7.4 million (Q4 2023), $6.3 million (Q3 2023), and $4.4 million (Q2 2023), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Precision Drilling | 156.90 Bn | 156.84 Bn | 120.82 Mn |
| 2 | Noble | 7.48 Bn | 6.81 Bn | 755.58 Mn |
| 3 | Transocean | 6.71 Bn | 6.09 Bn | 475.00 Mn |
| 4 | Patterson Uti Energy | 4.36 Bn | 4.03 Bn | 535.85 Mn |
| 5 | Helmerich & Payne | 3.92 Bn | 3.82 Bn | 907.56 Mn |
| 6 | Seadrill | 2.75 Bn | 2.42 Bn | 177.00 Mn |
| 7 | Sable Offshore | 1.56 Bn | 1.51 Bn | -66.76 Mn |
| 8 | Nabors Industries | 1.45 Bn | 1.33 Bn | 290.08 Mn |
| 9 | Borr Drilling | 1.40 Bn | 1.16 Bn | - |
| 10 | Valaris | 492.40 Mn | -85.40 Mn | 92.00 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 |