Switch to:
GuruFocus has detected 2 Warning Signs with Newfield Exploration Co \$NFX.
More than 500,000 people have already joined GuruFocus to track the stocks they follow and exchange investment ideas.
Newfield Exploration Co (NYSE:NFX)
Change In Inventory
\$0 Mil (As of Dec. 2016)

Newfield Exploration Co's change in inventory for the quarter that ended in Dec. 2016 was \$0 Mil. It means Newfield Exploration Co's inventory stayed the same from Sep. 2016 to Dec. 2016 .

Newfield Exploration Co's change in inventory for the fiscal year that ended in Dec. 2016 was \$0 Mil. It means Newfield Exploration Co's inventory stayed the same from Dec. 2015 to Dec. 2016 .

Newfield Exploration Co's inventory for the quarter that ended in Dec. 2016 was \$16 Mil.

Days inventory indicates the number of days of goods in sales that a company has in the inventory. Newfield Exploration Co's days inventory for the quarter that ended in Dec. 2016 was 12.30.

Inventory can be measured by Days Sales of Inventory (DSI). Newfield Exploration Co's days sales of inventory (DSI) for the quarter that ended in Dec. 2016 was 4.18.

Inventory turnover measures how fast the company turns over its inventory within a year. Newfield Exploration Co's inventory turnover for the quarter that ended in Dec. 2016 was 7.42.

Inventory to revenue ratio determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue. Newfield Exploration Co's inventory to revenue ratio for the quarter that ended in Dec. 2016 was 0.05.

Definition

Change In Inventory is the difference between last periodÂ’s ending inventory and the current periodÂ’s ending inventory.

Explanation

1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Newfield Exploration Co's Days Inventory for the quarter that ended in Dec. 2016 is calculated as:

 Days Inventory = Average Inventory / Cost of Goods Sold * Days in Period = 19 / 141 * 365 / 4 = 12.30

2. Inventory can be measured by Days Sales of Inventory (DSI).

Newfield Exploration Co's Days Sales of Inventory for the quarter that ended in Dec. 2016 is calculated as

 Days Sales of Inventory (DSI) = Average Inventory / Revenue * Days in Period = 19 / 415 * 365 / 4 = 4.18

3. Inventory Turnover measures how fast the company turns over its inventory within a year.

Newfield Exploration Co's Inventory Turnover for the quarter that ended in Dec. 2016 is calculated as

 Inventory Turnover = Cost of Goods Sold / Average Inventory = 141 / 19 = 7.42

4. Inventory to Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.

Newfield Exploration Co's Inventory to Revenue for the quarter that ended in Dec. 2016 is calculated as

 Inventory to Revenue = Average Inventory / Revenue = 19 / 415 = 0.05

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

Related Terms

Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

Newfield Exploration Co Annual Data

 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 ChangeInInventory -34 -16 -3 3 -16 -35 -11 0 -2 0

Newfield Exploration Co Quarterly Data

 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 ChangeInInventory 5 1 2 -1 0 0 -4 8 0 0
Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to \$400 per referral. ( Learn More)