QEP Resources (QEP Resources) Days Inventory : 0.00 (As of Dec. 2020)

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What is QEP Resources Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). QEP Resources's Average Total Inventories for the three months ended in Dec. 2020 was $0.0 Mil. QEP Resources's Cost of Goods Sold for the three months ended in Dec. 2020 was $204.5 Mil. Hence, QEP Resources's Days Inventory for the three months ended in Dec. 2020 was 0.00.

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

During the past 13 years, QEP Resources's highest Days Inventory was 7.73. The lowest was 0.00. And the median was 2.67.

QEP's Days Inventory is not ranked ^*
in the Oil & Gas industry.
Industry Median: 31.41
* Ranked among companies with meaningful Days Inventory only.

QEP Resources's Days Inventory stayed the same from Dec. 2019 (0.00) to Dec. 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. QEP Resources's Inventory-to-Revenue for the three months ended in Dec. 2020 was 0.00.

QEP Resources Days Inventory Historical Data

The historical data trend for QEP Resources'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.

QEP Resources Days Inventory Chart

QEP Resources Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Days Inventory

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3.32

3.07

QEP Resources Quarterly Data
	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20
Days Inventory	Get a 7-Day Free Trial															-	-	-	-	-

Competitive Comparison of QEP Resources's Days Inventory

For the Oil & Gas E&P subindustry, QEP Resources'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.

QEP Resources's Days Inventory Distribution in the Oil & Gas Industry

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

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

QEP Resources Days Inventory Calculation

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

QEP Resources's Days Inventory for the fiscal year that ended in Dec. 2020 is calculated as

	Days Inventory (A: Dec. 2020 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2019 )	+	Total Inventories (A: Dec. 2020 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2020 )	*	Days in Period
=	( (0	+	0)	/	1 )	/	793	*	365
=	0					/	793	*	365
=	0.00

QEP Resources's Days Inventory for the quarter that ended in Dec. 2020 is calculated as:

	Days Inventory (Q: Dec. 2020 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Sep. 2020 )	+	Total Inventories (Q: Dec. 2020 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2020 )	*	Days in Period
=	( (0	+	0)	/	1 )	/	204.5	*	365 / 4
=	0					/	204.5	*	365 / 4
=	0.00

QEP Resources (NYSE:QEP) 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.

QEP Resources's Inventory Turnover for the three months ended in Dec. 2020 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	204.5	/	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.

QEP Resources's Inventory to Revenue for the three months ended in Dec. 2020 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0	/	200.2
	=	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.

QEP Resources Days Inventory Related Terms

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

QEP Resources (QEP Resources) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

1050 17th Street, Suite 800, Denver, CO, USA, 80265

Website

http://www.qepres.com

QEP Resources Inc. is a crude oil and natural gas exploration and production company that focuses on resources in the United States. QEP's reserves are located in two main areas: the Southern Region, primarily Texas; and the Northern Region, primarily North Dakota. The company sells its oil, condensate, and natural gas liquid (NGL) production to gas-marketing firms, crude-oil refiners, midstream service providers, and other companies. QEP also sells gas volumes to industrial users, utility companies, wholesale marketers, and local distributors.

Executives

Joseph T Redman	officer: VP Energy	QEP RESOURCES, INC., 1050 17TH STREET SUITE 800 DENVER CO 80265
William J Buese	officer: VP, CFO & Treasurer	3001 QUAIL SPRINGS PKWY, OKLAHOMA CITY OK 73134
Alice B Ley	officer: VP, Controller & CAO	1050 17TH STREET SUITE 800 DENVER CO 80265
Christopher K Woosley	officer: EVP, General Counsel & CS	1050 17TH STREET SUITE 800 DENVER CO 80265
Myles W Scoggins	director	1722 ILLINOIS STREET, GOLDEN CO 80401
Julie Dill	director	1301 RIVERPLACE BOULEVARD, SUITE 2300, JACKSONVILLE FL 32207
Michael J Minarovic	director	QEP RESOURCES, INC. 1050 17TH STREET, SUITE 800 DENVER CO 80265
Mary Shafer-malicki	director	757 N. ELDRIDGE PARKWAY, HOUSTON TX 77079
Robert Heinemann	director
Barth E Whitham	director	INTREPID POTASH, INC., 1001 17TH STREET, SUITE 1050, DENVER CO 80202
David A Trice	director	C/O NEW JERSEY RESOURCES CORPORATION, 1415 WYCKOFF ROAD, WALL NJ 07719
Timothy J. Cutt	director, officer: President & CEO	3001 QUAIL SPRINGS PKWY, OKLAHOMA CITY OK 73134
Joseph N Jaggers	director
Richard J Doleshek	officer: EVP, CFO	1050 17TH STREET, SUITE 800 DENVER CO 80265
Jeffery R Tommerup	officer: SVP - Production & HSE	1050 17TH STREET SUITE 800 DENVER CO 80265