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Newfield Exploration Co (NYSE:NFX)
Days Inventory
22.13 (As of Mar. 2016)

Newfield Exploration Co's average inventory for the three months ended in Mar. 2016 was $33 Mil. Newfield Exploration Co's cost of goods sold for the three months ended in Mar. 2016 was $134 Mil. Hence, Newfield Exploration Co's days inventory for the three months ended in Mar. 2016 was 22.13.

NFX' s Days Inventory Range Over the Past 10 Years
Min: 22.52   Max: 112.16
Current: 19.54

22.52
112.16

During the past 13 years, Newfield Exploration Co's highest Days Inventory was 112.16. The lowest was 22.52. And the median was 72.26.

NFX's Days Inventory is ranked higher than
61% of the 209 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 26.10 vs. NFX: 19.54 )

Newfield Exploration Co's days inventory increased from Mar. 2015 (19.98) to Mar. 2016 (22.13). It might indicate that Newfield Exploration Co's sales slowed down.

Inventory can be measured by Days Sales of Inventory (DSI). Newfield Exploration Co's days sales of inventory (DSI) for the three months ended in Mar. 2016 was 10.44.

Inventory turnover measures how fast the company turns over its inventory within a year. Newfield Exploration Co's inventory turnover for the three months ended in Mar. 2016 was 4.12.

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 three months ended in Mar. 2016 was 0.11.


Definition

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 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
=( (33 + 34) / 2 ) / 543*365
=33.5 / 543*365
=22.52

Newfield Exploration 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
=( (34 + 31) / 2 ) / 134*365 / 4
=32.5 / 134*365 / 4
=22.13

* 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).

Newfield Exploration 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
=32.5/284*365 / 4
=10.44

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

Newfield Exploration 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.

Newfield Exploration 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.

Newfield Exploration Co Annual Data

Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15
DaysInventory 0.000.000.000.000.000.000.00112.1672.2622.52

Newfield Exploration Co Quarterly Data

Dec13Mar14Jun14Sep14Dec14Mar15Jun15Sep15Dec15Mar16
DaysInventory 101.4383.8531.9828.8413.3319.9818.9820.7717.3422.13
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