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) .