Independence Contract Drilling Inventory

Independence Contract Drilling posts a inventory of $1.6M as of September 2024. That compares with $1.9M in the prior-year period — down 15.3% year over year. Comparing that reading with peers and prior periods is usually more useful than looking at the number in isolation.

In the prior comparable period, Independence Contract Drilling's inventory was $1.9M. The latest reading is $1.6M — a 15.3% year-over-year decrease (period ending September 2024). Use the history and growth charts on this page for a longer lookback.

Inventory is one piece of Independence Contract Drilling's financial statement story. At $1.6M, it should be interpreted next to related metrics — for example revenue with costs, assets with liabilities, or income with margins. Stockcircle links those related pages so you can move from this number to the surrounding context quickly.

Context for ICD's inventory usually means three checks: (1) trend versus prior periods, (2) level versus peers, and (3) consistency with growth and profitability. This page covers the first two; Independence Contract Drilling's other metric pages and overview cover the third.

Judging Independence Contract Drilling against Energy peers is usually better than using a market-wide rule of thumb. Business models inside Energy are more comparable, which makes gaps in inventory easier to interpret. Start with $1.6M here, then scan peer and history charts to see if the gap is persistent.