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VAALCO Energy Inc (NYSE:EGY)
Days Inventory
11.34 (As of Sep. 2016)

VAALCO Energy Inc's average inventory for the three months ended in Sep. 2016 was $0.89 Mil. VAALCO Energy Inc's cost of goods sold for the three months ended in Sep. 2016 was $7.16 Mil. Hence, VAALCO Energy Inc's days inventory for the three months ended in Sep. 2016 was 11.34.

EGY' s Days Inventory Range Over the Past 10 Years
Min: 4.17   Max: 20.74
Current: 4.17

4.17
20.74

During the past 13 years, VAALCO Energy Inc's highest Days Inventory was 20.74. The lowest was 4.17. And the median was 9.96.

EGY's Days Inventory is ranked higher than
88% of the 208 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 27.77 vs. EGY: 4.17 )

VAALCO Energy Inc's days inventory increased from Sep. 2015 (10.97) to Sep. 2016 (11.34). It might indicate that VAALCO Energy Inc's sales slowed down.

Inventory can be measured by Days Sales of Inventory (DSI). VAALCO Energy Inc's days sales of inventory (DSI) for the three months ended in Sep. 2016 was 5.55.

Inventory turnover measures how fast the company turns over its inventory within a year. VAALCO Energy Inc's inventory turnover for the three months ended in Sep. 2016 was 8.05.

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. VAALCO Energy Inc's inventory to revenue ratio for the three months ended in Sep. 2016 was 0.06.


Definition

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

VAALCO Energy Inc's Days Inventory for the fiscal year that ended in Dec. 2015 is calculated as

Days Inventory (A: Dec. 2015 )
=Average Inventory / COGS*Days in Period
=( (Inventory (A: Dec. 2014 ) + Inventory (A: Dec. 2015 )) / 2 ) / COGS (A: Dec. 2015 )*Days in Period
=( (2.191 + 0.833) / 2 ) / 86.549*365
=1.512 / 86.549*365
=6.38

VAALCO Energy Inc's Days Inventory for the quarter that ended in Sep. 2016 is calculated as:

Days Inventory (Q: Sep. 2016 )
=Average Inventory / COGS*Days in Period
=( (Inventory (Q: Jun. 2016 ) + Inventory (Q: Sep. 2016 )) / 2 ) / COGS (Q: Sep. 2016 )*Days in Period
=( (0.865 + 0.915) / 2 ) / 7.162*365 / 4
=0.89 / 7.162*365 / 4
=11.34

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


Explanation

An increase of Days Inventory may indicate the company's sales slowed.

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

VAALCO Energy Inc's Days Sales of Inventory for the three months ended in Sep. 2016 is calculated as

Days Sales of Inventory (DSI)=Average Inventory/Revenue*Days in Period
=0.89/14.635*365 / 4
=5.55

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

VAALCO Energy Inc's Inventory Turnover for the three months ended in Sep. 2016 is calculated as

3. 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.

VAALCO Energy Inc's Inventory to Revenue for the three months ended in Sep. 2016 is calculated as

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


Related Terms

Cost of Goods Sold, Inventory, Revenue, Inventory Turnover, Inventory to Revenue


Historical Data

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

VAALCO Energy Inc Annual Data

Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15
DaysInventory 20.7412.9016.827.039.4311.485.424.6310.496.38

VAALCO Energy Inc Quarterly Data

Jun14Sep14Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16
DaysInventory 22.8525.149.545.0313.5110.971.547.8112.1811.34
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