Company Search:
Advanced Search
Sponsored Links
AKITA Drilling Ltd. Company Snapshot
AKITA Drilling Ltd. operates in the Drilling oil and gas wells sector. In addition to historical fundamental analyses, the complete report available to purchase compares AKITA Drilling Ltd. with three other companies in this sector in CANADA : Western Energy Services Corporation (2020 sales of 103.68 million Canadian Dollars [US$83.82 million] of which 60% was Contract Drilling), Cathedral Energy Services Limited (40.57 million Canadian Dollars [US$32.80 million] ), and High Arctic Energy Services Incorporation (90.80 million Canadian Dollars [US$73.40 million] of which 64% was Production Services).

Sales Analysis. During the second quarter of 2021, sales at AKITA Drilling Ltd. totalled C$18.65 million. This is a drop of 29.2% from the C$26.36 million in sales at the company during the second quarter in 2020. During the first two quarters of 2021, sales totalled C$45.82 million, which is 42.7% lower than through the first two quarters of 2020. There appears to be at least some degree of seasonality in the sales at AKITA Drilling Ltd.: during 8 of the previous 9 years, sales were highest during the first quarter. The exception to this was during 2018, when the fourth quarter was the best quarter, accounting for 44% of sales (during that same year, the first quarter accounted for 23% of sales). AKITA Drilling Ltd. reported sales of C$119.66 million (US$96.74 million) for the year ending December of 2020. This represents a sharp decrease of 32.0% versus 2019, when the company's sales were C$175.89 million. The sales level in 2020 was fairly close to the level five years ago: in 2015, AKITA Drilling Ltd. had sales of C$112.49 million. Contributing to the drop in overall sales was the 36.0% decline in Rig Lease Revenue, from C$89.33 million to C$57.17 million. There were also decreases in sales in Contract Drilling Services (down 27.8% to C$62.49 million) .
Company ReportsSubscriptions
Looking For More?
Purchace an In-Depth Report
AKITA Drilling Ltd.
  Stock Performance Chart for AKITA Drilling Ltd.
  Stock Data: Recent Stock Performance:
  Current Price (10/15/2021): 1.48
(Figures in Canadian Dollars)
1 Week 14.7%   13 Weeks 29.8%  
4 Weeks 37.0%   52 Weeks 438.2%  
AKITA Drilling Ltd. Key Data:
  Ticker: AKT.A Country: Canada
  Exchanges: TOR Major Industry: Energy
    Sub Industry: Drilling Oil & Gas Wells
  2020 Sales 119,664,000
(Year Ending Jan 2021).
Employees: 600
  Currency: Canadian Dollars Market Cap: 58,620,123
  Fiscal Yr Ends: December Shares Outstanding: 39,608,191
  Share Type: Class A Non Voting Closely Held Shares: 10,352,824
Sponsored Links
Feedback | Terms and Conditions | Privacy Policy | Site Index
CorporateInformation® website and selected data Copyright © 2000 - by The Winthrop Corporation. All Rights Reserved. Except for quotations by established news media, no pages on this site may be reproduced, stored in a retrieval system, or transmitted for commercial purposes, in any form or by any means, electronic, mechanical, photocopying, recording, or otherwise without prior written permission. Information is believed reliable, but accuracy, completeness and opinions are not guaranteed.