Parkland (Parkland) Days Inventory : 24.36 (As of Dec. 2023)

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What is Parkland Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Parkland's Average Total Inventories for the three months ended in Dec. 2023 was $1,335 Mil. Parkland's Cost of Goods Sold for the three months ended in Dec. 2023 was $5,000 Mil. Hence, Parkland's Days Inventory for the three months ended in Dec. 2023 was 24.36.

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

PKIUF' s Days Inventory Range Over the Past 10 Years
Min: 6.54 Med: 13 Max: 23.04
Current: 21.61

During the past 13 years, Parkland's highest Days Inventory was 23.04. The lowest was 6.54. And the median was 13.00.

PKIUF's Days Inventory is ranked better than
61.1% of 730 companies
in the Oil & Gas industry
Industry Median: 31.41 vs PKIUF: 21.61

Parkland's Days Inventory increased from Dec. 2022 (21.57) to Dec. 2023 (24.36). It might indicate that Parkland's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Parkland's Inventory Turnover for the three months ended in Dec. 2023 was 3.75.

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. Parkland's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.24.

Parkland Days Inventory Historical Data

The historical data trend for Parkland'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.

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Parkland Days Inventory Chart

Parkland Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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13.80

22.70

19.11

17.92

22.31

Parkland Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Inventory	Get a 7-Day Free Trial															21.57	20.90	20.21	20.23	24.36

Competitive Comparison of Parkland's Days Inventory

For the Oil & Gas Refining & Marketing subindustry, Parkland'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.

Parkland's Days Inventory Distribution in the Oil & Gas Industry

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

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

Parkland Days Inventory Calculation

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

Parkland's Days Inventory for the fiscal year that ended in Dec. 2023 is calculated as

	Days Inventory (A: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (1284.505	+	1310.376)	/	2 )	/	21231.366	*	365
=	1297.4405					/	21231.366	*	365
=	22.31

Parkland's Days Inventory for the quarter that ended in Dec. 2023 is calculated as:

	Days Inventory (Q: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (1359.101	+	1310.376)	/	2 )	/	5000	*	365 / 4
=	1334.7385					/	5000	*	365 / 4
=	24.36

Parkland (OTCPK:PKIUF) 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.

Parkland's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	5000	/	1334.7385
	=	3.75

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.

Parkland's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	1334.7385	/	5667.859
	=	0.24

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.

Parkland Days Inventory Related Terms

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

Parkland (Parkland) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Parkland Corp (OTCPK:PKIUF) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

PF6:Germany PKI:Canada

Address

240 - 4th Avenue South west, Suite 1800, Calgary, AB, CAN, T2P 4H4

Website

https://www.parkland.ca

Parkland Corp is a food and convenience retailer and an independent marketer, distributor, and refiner of fuel and petroleum products. Parkland delivers refined fuels, propane, and other high-quality petroleum products to motorists, businesses, consumers, and wholesale customers across the Americas. The company's lines of business are; Retail line of business includes the operations of Parkland retail service stations, including EV charging stations, and convenience and food stores, Commercial includes the operations of card lock sites, bulk fuel, propane, heating oil, lubricants, and other related services, Refining includes the operations of the Burnaby Refinery, and Corporate includes centralized administrative services and expenses.