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Days Inventory is also known as Days Sales of Inventory (DSI). W&T Offshore's Average Total Inventories for the three months ended in Dec. 2023 was $0.0 Mil. W&T Offshore's Cost of Goods Sold for the three months ended in Dec. 2023 was $40.3 Mil. Hence, W&T Offshore's Days Inventory for the three months ended in Dec. 2023 was 0.00.
The historical rank and industry rank for W&T Offshore's Days Inventory or its related term are showing as below:
W&T Offshore's Days Inventory stayed the same from Dec. 2022 (0.00) to Dec. 2023 (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. W&T Offshore's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.00.
The historical data trend for W&T Offshore'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.
W&T Offshore Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Days Inventory | Get a 7-Day Free Trial | - | - | - | - | - |
W&T Offshore 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 | - | - | - | - | - |
For the Oil & Gas E&P subindustry, W&T Offshore'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.
For the Oil & Gas industry and Energy sector, W&T Offshore's Days Inventory distribution charts can be found below:
* The bar in red indicates where W&T Offshore's Days Inventory falls into.
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
W&T Offshore'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 |
= | ( (0 | + | 0) | / | 1 ) | / | 140.927 | * | 365 |
= | 0 | / | 140.927 | * | 365 | ||||
= | 0.00 |
W&T Offshore'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 |
= | ( (0 | + | 0) | / | 1 ) | / | 40.278 | * | 365 / 4 |
= | 0 | / | 40.278 | * | 365 / 4 | ||||
= | 0.00 |
* 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.
W&T Offshore (NYSE:WTI) 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.
W&T Offshore's Inventory Turnover for the three months ended in Dec. 2023 is calculated as
Inventory Turnover | = | Cost of Goods Sold | / | Average Total Inventories |
= | 40.278 | / | 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.
W&T Offshore's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as
Inventory-to-Revenue | = | Average Total Inventories | / | Revenue |
= | 0 | / | 132.34 | |
= | 0.00 |
* 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.
Thank you for viewing the detailed overview of W&T Offshore's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Sameer Parasnis | officer: EVP & Chief Financial Officer | 1700 PACIFIC AVENUE, SUITE 2900, DALLAS TX 75201 |
Nancy T Chang | director | 101 WESTCOTT, SUITE 603, HOUSTON TX 77007 |
Jonathan Charles Curth | officer: See Remarks | 5847 SAN FELIPE SUITE 3000, HOUSTON TX 77057 |
Hartman Bart P. Iii | officer: VP and CAO | 5718 WESTHEIMER RD. SUITE 700, HOUSTON TX 77057 |
Conwill Daniel O. Iv | director | 400 POYDRAS STREET, SUITE 3100, NEW ORLEANS LA 70130 |
Shahid Ghauri | officer: SEE REMARKS | NINE GREENWAY PLAZA, SUITE 300, HOUSTON TX 77046 |
Virginia Boulet | director | 909 POYDRAS ST SUITE 3600, NEW ORLEANS LA 70112 |
B Frank Stanley | director | NINE GREENWAY PLAZA, SUITE 300, HOUSTON TX 77046 |
Tracy W Krohn | director, 10 percent owner, officer: Chairman & CEO | EIGHT GREENWAY PLAZA, HOUSTON TX 77046 |
Stuart B Katz | director | 520 MADISON AVE., NEW YORK NY 10022 |
William J Williford | officer: EVP and GM of Gulf of Mexico | NINE GREENWAY PLAZA, SUITE 300, HOUSTON TX 77046 |
David M Bump | officer: See Remarks | NINE GREENWAY PLAZA, SUITE 300, HOUSTON TX 77046 |
Sunghee Janet Yang | officer: SEE REMARKS | NINE GREENWAY PLAZA, SUITE 300, HOUSTON TX 77046 |
Stephen L Schroeder | officer: SVP & Chief Technical Officer | C/O W&T OFFSHORE, INC., EIGHT GREENWAY PLAZA, SUITE 1330, HOUSTON TX 77046 |
John D Gibbons | officer: SVP & Chief Financial Officer | P.O. BOX 500, SAN ANTONIO TX 78292-0500 |
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