Days Inventory is also known as Days Sales of Inventory (DSI). Tullow Oil's Average Total Inventories for the
six
months ended in Dec. 2023 was $116 Mil. Tullow Oil's Cost of Goods Sold for the
six
months ended in Dec. 2023 was $444 Mil.
Hence, Tullow Oil's Days Inventory for the
six
months ended in Dec. 2023 was 47.76.
The historical rank and industry rank for Tullow Oil's Days Inventory or its related term are showing as below:
TUWLF'
s Days Inventory Range Over the Past 10 Years
Min: 43.26 Med: 56.29 Max: 79.82
Current: 58.89
During the past 13 years, Tullow Oil's highest Days Inventory was 79.82. The lowest was 43.26. And the median was 56.29.
TUWLF's Days Inventory is ranked worse than 72.47% of 730
companies
in the Oil & Gas industry
Industry Median: 31.555
vs TUWLF: 58.89
Tullow Oil's Days Inventory
declined
from Dec. 2022 (99.52) to Dec. 2023 (47.76).
Inventory Turnover measures how fast the company turns over its inventory within a year.
Tullow Oil's Inventory Turnover for the
six
months ended in Dec. 2023 was 3.82.
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.
Tullow Oil's Inventory-to-Revenue for the
six
months ended in Dec. 2023 was 0.14.
Tullow Oil Days Inventory Historical Data
The historical data trend for Tullow Oil'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.
Competitive Comparison of Tullow Oil's Days Inventory
For the Oil & Gas E&P subindustry, Tullow Oil'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.
Tullow Oil's Days Inventory Distribution in the Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Tullow Oil's Days Inventory distribution charts can be found below:
* The bar in red indicates where Tullow Oil's Days Inventory falls into.
Tullow Oil Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Tullow Oil's Days Inventory for the fiscal year that ended in Dec. 2023 is calculated as
* 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.
Tullow Oil (OTCPK:TUWLF) 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.
Tullow Oil's Inventory Turnover for the
six
months ended in Dec. 2023 is calculated as
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.
Tullow Oil's Inventory to Revenue for the
six
months ended in Dec. 2023 is calculated as
* 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.
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.
Tullow Oil Days Inventory Related Terms
Thank you for viewing the detailed overview of Tullow Oil's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Tullow Oil PLC is an independent oil and gas exploration and production company. The company conducts exploration, appraisal, and development activities in African and Atlantic regions. The majority of revenue is derived from West African assets, with a focus in offshore fields. Assets used in oil and gas production are acquired through licenses. Tullow depends on seismic and geophysical data to assess potential oil in its fields. The Group's reportable segment are Ghana, Non-operated, Kenya and Exploration. Traditionally, the company has paid the host government several taxes as well as land rentals, training, and ongoing license costs to operate in its primary regions.
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