Hess (HES) Days Inventory

: 26.59 (As of Dec. 2023)

View and export this data going back to 1983. Start your Free Trial

Days Inventory is also known as Days Sales of Inventory (DSI). Hess's Average Total Inventories for the three months ended in Dec. 2023 was $319 Mil. Hess's Cost of Goods Sold for the three months ended in Dec. 2023 was $1,093 Mil. Hence, Hess's Days Inventory for the three months ended in Dec. 2023 was 26.59.

The historical rank and industry rank for Hess's Days Inventory or its related term are showing as below:

HES' s Days Inventory Range Over the Past 10 Years
Min: 20.97 Med: 24.81 Max: 37.45
Current: 24.6

During the past 13 years, Hess's highest Days Inventory was 37.45. The lowest was 20.97. And the median was 24.81.

HES's Days Inventory is ranked better than
57.34% of 729 companies
in the Oil & Gas industry
Industry Median: 31.48 vs HES: 24.60

Hess's Days Inventory increased from Dec. 2022 (23.92) to Dec. 2023 (26.59). It might indicate that Hess's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Hess's Inventory Turnover for the three months ended in Dec. 2023 was 3.43.

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. Hess's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.11.

Hess Days Inventory Historical Data

The historical data trend for Hess'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.

* Premium members only.

Hess Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

Get a 7-Day Free Trial

26.06

34.14

37.45

23.55

Hess Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Inventory	Get a 7-Day Free Trial															23.92	22.09	23.20	27.14	26.59

Competitive Comparison

For the Oil & Gas E&P subindustry, Hess'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.

Hess Days Inventory Distribution

For the Oil & Gas industry and Energy sector, Hess's Days Inventory distribution charts can be found below:

* The bar in red indicates where Hess's Days Inventory falls into.

Hess Days Inventory Calculation

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

Hess's Days Inventory for the fiscal year that ended in Dec. 2023 is calculated as

	Days Inventory (A: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (217	+	304)	/	2 )	/	4038	*	365
=	260.5					/	4038	*	365
=	23.55

Hess's Days Inventory for the quarter that ended in Dec. 2023 is calculated as:

	Days Inventory (Q: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (333	+	304)	/	2 )	/	1093	*	365 / 4
=	318.5					/	1093	*	365 / 4
=	26.59

Hess (NYSE:HES) 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.

Hess's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	1093	/	318.5
	=	3.43

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.

Hess's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	318.5	/	3011
	=	0.11

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.

Hess Days Inventory Related Terms

Thank you for viewing the detailed overview of Hess's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.

Hess (HES) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Hess Corp (NYSE:HES) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

AHC:Germany AHC:Germany HES:Austria

Address

1185 Avenue of the Americas, New York, NY, USA, 10036

Website

https://www.hess.com

Hess is an independent oil and gas producer with key assets in the Bakken Shale, Guyana, the Gulf of Mexico, and Southeast Asia. At the end of 2022, the company reported net proved reserves of 1.3 billion barrels of oil equivalent. Net production averaged 344 thousand barrels of oil equivalent per day in 2022, at a ratio of 72% oil and natural gas liquids and 28% natural gas.

Executives

Barbara J Lowery-yilmaz	officer: Senior Vice President	HESS CORPORATION, 1185 AVENUE OF THE AMERICAS, NEW YORK NY 10036
Andrew P Slentz	officer: Senior Vice President	1185 AVENUE OF THE AMERICAS, NEW YORK NY 10036
Gregory P. Hill	officer: Executive Vice President	HESS CORPORATION, 1185 AVENUE OF THE AMERICAS, NEW YORK NY 10036
John P Rielly	officer: Senior Vice President	1185 AVENUE OF THE AMERICAS, NEW YORK NY 10036
Richard D. Lynch	officer: Senior Vice President	HESS CORPORATION, 1185 AVENUE OF THE AMERICAS, NEW YORK NY 10036
Timothy B. Goodell	director, officer: Executive Vice President	HESS CORPORATION, 1185 AVENUE OF THE AMERICAS, NEW YORK NY 10036
Geurt G Schoonman	officer: Senior Vice President	HESS CORPORATION, 1185 AVENUE OF THE AMERICAS, NEW YORK NY 10036
John B Hess	director, 10 percent owner, officer: Chairman of the Board and CEO	C/O HESS CORPORATION, 1185 AVENUE OF THE AMERICAS, NEW YORK NY 10036
Lisa Glatch	director	EVOQUA WATER TECHNOLOGIES CORP., 210 SIXTH AVENUE, PITTSBURGH PA 15222
Raymond J Mcguire	director	5 GIRALDA FARMS, MADISON NJ 07940
Marc S Lipschultz	director	C/O BLUE OWL CAPITAL INC., 399 PARK AVENUE, 37TH FLOOR, NEW YORK NY 10022
Karyn F. Ovelmen	director	STATIONSPLEIN 45, ROTTERDAM P7 3013AK
Michael R Turner	officer: Senior Vice President	HESS CORPORATION, 1185 AVENUE OF THE AMERICAS, NEW YORK NY 10036
Terrence J. Checki	director	HESS CORPORATION, 1185 AVENUE OF THE AMERICAS, NEW YORK NY 10036
Edith E Holiday	director	FRANKLIN RESOURCES INC, 901 MARINERS ISLAND BLVD 6TH FL, SAN MATEO CA 94404