Parsley Energy (Parsley Energy) Days Inventory : 0.00 (As of Sep. 2020)

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What is Parsley Energy Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Parsley Energy's Average Total Inventories for the three months ended in Sep. 2020 was $0 Mil. Parsley Energy's Cost of Goods Sold for the three months ended in Sep. 2020 was $236 Mil. Hence, Parsley Energy's Days Inventory for the three months ended in Sep. 2020 was 0.00.

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

During the past 9 years, Parsley Energy's highest Days Inventory was 59.94. The lowest was 0.00. And the median was 13.43.

PE's Days Inventory is not ranked ^*
in the Oil & Gas industry.
Industry Median: 31.29
* Ranked among companies with meaningful Days Inventory only.

Parsley Energy's Days Inventory stayed the same from Sep. 2019 (0.00) to Sep. 2020 (0.00).

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

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. Parsley Energy's Inventory-to-Revenue for the three months ended in Sep. 2020 was 0.00.

Parsley Energy Days Inventory Historical Data

The historical data trend for Parsley 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.

Parsley Energy Days Inventory Chart

Parsley Energy Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Days Inventory

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5.31

Parsley Energy Quarterly Data
	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20
Days Inventory	Get a 7-Day Free Trial															-	-	-	-	-

Competitive Comparison of Parsley Energy's Days Inventory

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

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

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

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

Parsley Energy Days Inventory Calculation

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

Parsley 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
=	( (0	+	0)	/	1 )	/	1138.047	*	365
=	0					/	1138.047	*	365
=	0.00

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

	Days Inventory (Q: Sep. 2020 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Jun. 2020 )	+	Total Inventories (Q: Sep. 2020 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2020 )	*	Days in Period
=	( (0	+	0)	/	1 )	/	235.632	*	365 / 4
=	0					/	235.632	*	365 / 4
=	0.00

Parsley Energy (NYSE:PE) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	235.632	/	0
	=

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0	/	447.389
	=	0.00

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.

Parsley Energy Days Inventory Related Terms

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

Parsley Energy (Parsley Energy) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Parsley Energy Inc (NYSE:PE) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

303 Colorado Street, Suite 3000, Austin, TX, USA, 78701

Website

http://www.parsleyenergy.com

Parsley Energy is an independent oil and gas producer in the United States that operates exclusively in the Permian Basin. At the end of 2019, it reported net proven reserves of 592 million barrels of oil equivalent. Net production averaged about 140,600 barrels per day in 2018, at a ratio of 62% oil, 21% natural gas liquids, and 17% natural gas.

Executives

Bryan Sheffield	director, officer: See Remarks	500 W. TEXAS AVENUE TOWER I, SUITE 200 MIDLAND TX 79701
Roberts Colin	officer: See Remarks	500 W. TEXAS AVENUE TOWER I, SUITE 200 MIDLAND TX 79701
Ryan Dalton	officer: See Remarks	500 W. TEXAS AVENUE TOWER I, SUITE 200 MIDLAND TX 79701
Ron Brokmeyer	director	303 COLORADO STREET SUITE 3000 AUSTIN TX 78701
Vanloh S Wil Jr	director, 10 percent owner	1401 MCKINNEY STREET, SUITE 2700, HOUSTON TX 77010
Karen Parfitt Hughes	director	303 COLORADO STREET SUITE 3000 AUSTIN TX 78701
Q-jagged Peak Energy Investment Partners, Llc	director, 10 percent owner, other: See Remarks	1401 MCKINNEY STREET, SUITE 2700 HOUSTON TX 77010
Jerry Windlinger	director	303 COLORADO STREET SUITE 3000 AUSTIN TX 78701
Hemang Desai	director	221 WEST 6TH STREET SUITE 750 AUSTIN TX 78701
David Henry Smith	director	500 W. TEXAS AVENUE TOWER I, SUITE 200 MIDLAND TX 79701
James J. Kleckner	director	1201 LAKE ROBBINS DRIVE THE WOODLANDS TX 77380
William Browning	director	8066 PARK LANE, UNIT 602, DALLAS TX 75231
Qem V Llc	director, 10 percent owner, other: See Remarks	1401 MCKINNEY STREET, SUITE 2700, HOUSTON TX 77010
A R Alameddine	director	303 COLORADO STREET, SUITE 3000, AUSTIN TX 78701
Matthew Gallagher	director, officer: See Remarks	500 W. TEXAS AVENUE, TOWER I, SUITE 200, MIDLAND TX 79701