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Contango Oil & Gas Co (AMEX:MCF)
Days Inventory
6.48 (As of Mar. 2016)

Contango Oil & Gas Co's average inventory for the three months ended in Mar. 2016 was $0.5 Mil. Contango Oil & Gas Co's cost of goods sold for the three months ended in Mar. 2016 was $7.6 Mil. Hence, Contango Oil & Gas Co's days inventory for the three months ended in Mar. 2016 was 6.48.

MCF' s Days Inventory Range Over the Past 10 Years
Min: 1.38   Max: 13.05
Current: 9.97

1.38
13.05

During the past 13 years, Contango Oil & Gas Co's highest Days Inventory was 13.05. The lowest was 1.38. And the median was 7.51.

MCF's Days Inventory is ranked higher than
77% of the 208 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 26.10 vs. MCF: 9.97 )

Contango Oil & Gas Co's days inventory declined from Mar. 2015 (19.85) to Mar. 2016 (6.48).

Inventory can be measured by Days Sales of Inventory (DSI). Contango Oil & Gas Co's days sales of inventory (DSI) for the three months ended in Mar. 2016 was 2.80.

Inventory turnover measures how fast the company turns over its inventory within a year. Contango Oil & Gas Co's inventory turnover for the three months ended in Mar. 2016 was 14.08.

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. Contango Oil & Gas Co's inventory to revenue ratio for the three months ended in Mar. 2016 was 0.03.


Definition

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

Contango Oil & Gas Co'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
=( (2.166 + 0.54) / 2 ) / 37.84*365
=1.353 / 37.84*365
=13.05

Contango Oil & Gas Co's Days Inventory for the quarter that ended in Mar. 2016 is calculated as:

Days Inventory (Q: Mar. 2016 )
=Average Inventory / COGS*Days in Period
=( (Inventory (Q: Dec. 2015 ) + Inventory (Q: Mar. 2016 )) / 2 ) / COGS (Q: Mar. 2016 )*Days in Period
=( (0.54 + 0.54) / 2 ) / 7.604*365 / 4
=0.54 / 7.604*365 / 4
=6.48

* All numbers are in millions except for per share data and ratio. All numbers are in their own 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).

Contango Oil & Gas Co's Days Sales of Inventory for the three months ended in Mar. 2016 is calculated as

Days Sales of Inventory (DSI)=Average Inventory/Revenue*Days in Period
=0.54/17.582*365 / 4
=2.80

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

Contango Oil & Gas Co's Inventory Turnover for the three months ended in Mar. 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.

Contango Oil & Gas Co's Inventory to Revenue for the three months ended in Mar. 2016 is calculated as

* All numbers are in millions except for per share data and ratio. All numbers are in their own 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 own currency.

Contango Oil & Gas Co Annual Data

Jun06Jun07Jun08Jun09Jun10Jun11Jun12Jun13Dec14Dec15
DaysInventory 4.3311.449.781.380.000.001.865.259.7613.05

Contango Oil & Gas Co Quarterly Data

Dec13Mar14Jun14Sep14Dec14Mar15Jun15Sep15Dec15Mar16
DaysInventory 0.008.8617.0014.3318.2819.8513.458.226.226.48
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