Innovex International reported $2.40M of remaining performance obligations at 30 Sep 2024, down 94% from a year earlier and down 94% from the previous quarter. That is 0.0 years of trailing revenue already under contract. Book-to-bill last quarter: 0.75.
Net new backlog added in the latest quarter: -$37.8M.
Customer prepayments (contract liabilities) cover 587.5% of the backlog.
Twelve-month book-to-bill: 0.93, i.e. 0.93 of new orders for every 1 of revenue recognised.
The latest filed figure is more than 200 days old.
Innovex International backlog history
Remaining performance obligations at each quarter end (bars) against trailing twelve-month revenue (line).
Amounts in USD. Source: SEC XBRL filings.
Quarter end
Backlog (RPO)
TTM revenue
Coverage
Customer prepayments
30 Sep 2024
$2.40M
$536M
0.0 yrs
$14.1M
30 Jun 2024
$40.2M
$524M
0.1 yrs
$8.00M
31 Mar 2024
$56.0M
$483M
0.1 yrs
$6.80M
31 Dec 2023
$43.0M
$556M
0.1 yrs
$7.60M
30 Sep 2023
$41.8M
n/a
n/a
$8.10M
30 Jun 2023
$55.4M
n/a
n/a
$6.00M
31 Mar 2023
$69.3M
n/a
n/a
$7.30M
31 Dec 2022
$75.1M
$467M
0.2 yrs
$8.00M
30 Sep 2022
$63.2M
$343M
0.2 yrs
$8.90M
30 Jun 2022
$65.2M
$338M
0.2 yrs
$7.30M
31 Mar 2022
$86.5M
$324M
0.3 yrs
$6.50M
31 Dec 2021
$65.8M
$322M
0.2 yrs
$9.70M
Questions
What is Innovex International's backlog?
Innovex International reported $2.40M of remaining performance obligations at 30 Sep 2024, down 94% from a year earlier and down 94% from the previous quarter. That is 0.0 years of trailing revenue already under contract. Book-to-bill last quarter: 0.75.
About these numbers
Remaining performance obligations (RPO) are revenue a company has contracted but not yet recognised, as reported in its SEC filings (XBRL tag RevenueRemainingPerformanceObligation). Coverage = backlog ÷ trailing twelve-month revenue. Book-to-bill = (change in backlog + revenue) ÷ revenue. Conversion = revenue recognised ÷ the backlog at the start of each quarter, summed over four quarters. Counterparty values come from company filings and releases.