Noble Energy (Noble Energy) Days Inventory : 10.39 (As of Jun. 2020)

View and export this data going back to 1980. Start your Free Trial

What is Noble Energy Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Noble Energy's Average Total Inventories for the three months ended in Jun. 2020 was $68 Mil. Noble Energy's Cost of Goods Sold for the three months ended in Jun. 2020 was $597 Mil. Hence, Noble Energy's Days Inventory for the three months ended in Jun. 2020 was 10.39.

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

NBL' s Days Inventory Range Over the Past 10 Years
Min: 5.53 Med: 13.93 Max: 27.5
Current: 7.09

During the past 13 years, Noble Energy's highest Days Inventory was 27.50. The lowest was 5.53. And the median was 13.93.

NBL's Days Inventory is not ranked
in the Oil & Gas industry.
Industry Median: 31.29 vs NBL: 7.09

Noble Energy's Days Inventory increased from Jun. 2019 (6.99) to Jun. 2020 (10.39). It might indicate that Noble Energy's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Noble Energy's Inventory Turnover for the three months ended in Jun. 2020 was 8.78.

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. Noble Energy's Inventory-to-Revenue for the three months ended in Jun. 2020 was 0.12.

Noble Energy Days Inventory Historical Data

The historical data trend for Noble 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.

* Premium members only.

Noble Energy Days Inventory Chart

Noble Energy Annual Data

Trend

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Days Inventory

Get a 7-Day Free Trial

12.84

10.48

9.77

7.30

5.53

Noble Energy Quarterly Data
	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20
Days Inventory	Get a 7-Day Free Trial															6.99	6.64	6.14	6.39	10.39

Competitive Comparison of Noble Energy's Days Inventory

For the Oil & Gas E&P subindustry, Noble 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.

Noble Energy's Days Inventory Distribution in the Oil & Gas Industry

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

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

Noble Energy Days Inventory Calculation

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

Noble Energy's Days Inventory for the fiscal year that ended in Dec. 2019 is calculated as

	Days Inventory (A: Dec. 2019 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2018 )	+	Total Inventories (A: Dec. 2019 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2019 )	*	Days in Period
=	( (55	+	59)	/	2 )	/	3765	*	365
=	57					/	3765	*	365
=	5.53

Noble Energy's Days Inventory for the quarter that ended in Jun. 2020 is calculated as:

	Days Inventory (Q: Jun. 2020 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Mar. 2020 )	+	Total Inventories (Q: Jun. 2020 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2020 )	*	Days in Period
=	( (68	+	68)	/	2 )	/	597	*	365 / 4
=	68					/	597	*	365 / 4
=	10.39

Noble Energy (NAS:NBL) 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.

Noble Energy's Inventory Turnover for the three months ended in Jun. 2020 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	597	/	68
	=	8.78

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.

Noble Energy's Inventory to Revenue for the three months ended in Jun. 2020 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	68	/	571
	=	0.12

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.

Noble Energy Days Inventory Related Terms

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

Noble Energy (Noble Energy) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Noble Energy Inc (NAS:NBL) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

1001 Noble Energy Way, Houston, TX, USA, 77070

Website

https://www.nblenergy.com

Noble Energy is an independent oil and gas producer with key assets in the U.S., Israel, and West Africa. At the end of 2019, the company reported net proven reserves of 2.05 billion barrels of oil equivalent. Net production averaged 361 thousand barrels of oil equivalent per day in 2019, at a ratio of 57% oil and natural gas liquids and 43% natural gas.

Executives

Christine M Michel	officer: SVP, HR & Administration	1001 NOBLE ENERGY WAY HOUSTON TX 77070
Rachel G Clingman	officer: SVP, General Counsel/Corp Sec	1001 NOBLE ENERGY WAY HOUSTON TX 77070
Thomas Hodge Walker	officer: Sr. VP U.S. Onshore	1001 NOBLE ENERGY WAY, HOUSTON TX 77070
J. Keith Elliott	officer: Sr. VP Offshore	NOBLE ENERGY INC. 1001 NOBLE ENERGY WAY HOUSTON TX 77070
Dustin A. Hatley	officer: VP, Chief Accounting Officer	NOBLE ENERGY, INC., 1001 NOBLE ENERGY WAY, HOUSTON TX 77070
Scott D Urban	director	NOBLE ENERGY, INC. 1001 NOBLE ENERGY WAY HOUSTON TX 77070
James E Craddock	director	410 - 17TH STREET, SUITE 1400, DENVER CO 80202
Van Kleef William T	director
David L Stover	director, officer: CEO & Director	NOBLE ENERGY, INC., 1001 NOBLE ENERGY WAY, HOUSTON TX 77070
Jeffrey L Berenson	director	C/O EPOCH HOLDING CORPORATION, 640 FIFTH AVENUE, NEW YORK, NY 10019
Barbara J Duganier	director	6 CARLTON PARK COURT, HOUSTON TX 77024-7316
Robin H Fielder	officer: SVP, Midstream	1201 LAKE ROBBINS DRIVE, THE WOODLANDS TX 77380
Brent J Smolik	officer: President & COO	1001 NOBLE ENERGY WAY, HOUSTON TX 77070
John T. Lewis	officer: Sr. VP Corporate Development	NOBLE ENERGY INC. 1001 NOBLE ENERGY WAY HOUSTON TX 77070
Kenneth M. Fisher	officer: Exec. VP & CFO	C/O CHAMPIONX CORPORATION, 2445 TECHNOLOGY FOREST BLVD, BLD 4 FL12, THE WOODLANDS TX 77381