Days Inventory is also known as Days Sales of Inventory (DSI). Devon Energy's Average Total Inventories for the
three
months ended in Dec. 2023 was $241 Mil. Devon Energy's Cost of Goods Sold for the
three
months ended in Dec. 2023 was $2,502 Mil.
Hence, Devon Energy's Days Inventory for the
three
months ended in Dec. 2023 was 8.79.
The historical rank and industry rank for Devon Energy's Days Inventory or its related term are showing as below:
DVN'
s Days Inventory Range Over the Past 10 Years
Min: 4.88 Med: 5.32 Max: 8.3
Current: 8.09
During the past 13 years, Devon Energy's highest Days Inventory was 8.30. The lowest was 4.88. And the median was 5.32.
DVN's Days Inventory is ranked better than 83.15% of 730
companies
in the Oil & Gas industry
Industry Median: 31.41
vs DVN: 8.09
Devon Energy's Days Inventory
increased
from Dec. 2022 (7.13) to Dec. 2023 (8.79).
It might indicate that Devon Energy's sales slowed down.
Inventory Turnover measures how fast the company turns over its inventory within a year.
Devon Energy's Inventory Turnover for the
three
months ended in Dec. 2023 was 10.38.
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.
Devon Energy's Inventory-to-Revenue for the
three
months ended in Dec. 2023 was 0.06.
Devon Energy Days Inventory Historical Data
The historical data trend for Devon Energy's Days Inventory can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Competitive Comparison of Devon Energy's Days Inventory
For the Oil & Gas E&P subindustry, Devon Energy's Days Inventory, along with its competitors' market caps and Days Inventory data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Devon Energy's Days Inventory Distribution in the Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Devon Energy's Days Inventory distribution charts can be found below:
* The bar in red indicates where Devon Energy's Days Inventory falls into.
Devon Energy Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Devon Energy's Days Inventory for the fiscal year that ended in Dec. 2023 is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Devon Energy (NYSE:DVN) Days Inventory Explanation
Days Inventory indicates the liquidity of the inventory. Generally, a lower Days Inventory is preferred as it indicates a shorter duration to clear off the inventory. An increase of the ratio may indicate the company's sales slowed. Similar ratios related to Days Inventory are:
1. Inventory Turnover measures how fast the company turns over its inventory within a year.
Devon Energy's Inventory Turnover for the
three
months ended in Dec. 2023 is calculated as
2. 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.
Devon Energy's Inventory to Revenue for the
three
months ended in Dec. 2023 is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Be Aware
A lot of business are seasonable. It makes more sense to compare Days Inventory from the same period in the previous year instead of from the previous quarter.
Devon Energy Days Inventory Related Terms
Thank you for viewing the detailed overview of Devon Energy's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Devon Energy, based in Oklahoma City, is one of the largest independent exploration and production companies in North America. The firm's asset base is spread throughout onshore North America and includes exposure to the Delaware, STACK, Eagle Ford, Powder River Basin, and Bakken plays. At year-end 2022, Devon's proved reserves totaled 1.8 billion barrels of oil equivalent, and net production that year was 611 thousand boe/d, of which oil and natural gas liquids made up 73% of production, with natural gas accounting for the remainder.
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