PetroNor E&P (OSL:PNOR) Days Inventory : 170.83 (As of Jun. 2022)

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What is PetroNor E&P Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). PetroNor E&P's Average Total Inventories for the three months ended in Jun. 2022 was kr113.6 Mil. PetroNor E&P's Cost of Goods Sold for the three months ended in Jun. 2022 was kr60.7 Mil. Hence, PetroNor E&P's Days Inventory for the three months ended in Jun. 2022 was 170.83.

The historical rank and industry rank for PetroNor E&P's Days Inventory or its related term are showing as below:

OSL:PNOR' s Days Inventory Range Over the Past 10 Years
Min: 12.32 Med: 28.17 Max: 181.21
Current: 181.21

During the past 13 years, PetroNor E&P's highest Days Inventory was 181.21. The lowest was 12.32. And the median was 28.17.

OSL:PNOR's Days Inventory is not ranked
in the Oil & Gas industry.
Industry Median: 31.41 vs OSL:PNOR: 181.21

PetroNor E&P's Days Inventory increased from Mar. 2021 (43.91) to Jun. 2022 (170.83). It might indicate that PetroNor E&P's sales slowed down.

Warning Sign:

If a company builds up inventory, it may mean it is having difficulties selling its goods.

Inventory Turnover measures how fast the company turns over its inventory within a year. PetroNor E&P's Inventory Turnover for the three months ended in Jun. 2022 was 0.53.

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. PetroNor E&P's Inventory-to-Revenue for the three months ended in Jun. 2022 was 0.51.

PetroNor E&P Days Inventory Historical Data

The historical data trend for PetroNor E&P'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.

PetroNor E&P Days Inventory Chart

PetroNor E&P Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Days Inventory

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22.56

27.91

48.85

51.16

PetroNor E&P Quarterly Data
	Jun16	Sep16	Dec16	Jun17	Dec17	Jun18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Dec21	Mar22	Jun22
Days Inventory	Get a 7-Day Free Trial															43.91	51.82	-	48.90	170.83

Competitive Comparison of PetroNor E&P's Days Inventory

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

PetroNor E&P's Days Inventory Distribution in the Oil & Gas Industry

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

* The bar in red indicates where PetroNor E&P's Days Inventory falls into.

PetroNor E&P Days Inventory Calculation

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

PetroNor E&P's Days Inventory for the fiscal year that ended in Dec. 2021 is calculated as

	Days Inventory (A: Dec. 2021 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2020 )	+	Total Inventories (A: Dec. 2021 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2021 )	*	Days in Period
=	( (31.154	+	55.925)	/	2 )	/	310.603	*	365
=	43.5395					/	310.603	*	365
=	51.16

PetroNor E&P's Days Inventory for the quarter that ended in Jun. 2022 is calculated as:

	Days Inventory (Q: Jun. 2022 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Mar. 2022 )	+	Total Inventories (Q: Jun. 2022 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2022 )	*	Days in Period
=	( (53.949	+	173.17)	/	2 )	/	60.66	*	365 / 4
=	113.5595					/	60.66	*	365 / 4
=	170.83

PetroNor E&P (OSL:PNOR) 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.

PetroNor E&P's Inventory Turnover for the three months ended in Jun. 2022 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	60.66	/	113.5595
	=	0.53

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.

PetroNor E&P's Inventory to Revenue for the three months ended in Jun. 2022 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	113.5595	/	221.616
	=	0.51

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.

PetroNor E&P Days Inventory Related Terms

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

PetroNor E&P (OSL:PNOR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » PetroNor E&P Ltd (OSL:PNOR) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

Froyas gate 13, P.O.Box 157, Oslo, NOR, 0273

Website

https://www.petronorep.com

PetroNor E&P Ltd is a full cycle, Sub-Saharan focused exploration and production company holding licenses in West Africa encompassing both producing assets in Congo Brazzaville and Nigeria as well as exploration areas The Gambia, Senegal, and Guinea Bissau.

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