Dragon Oil (FRA:DRS) Change In Inventory : €1.0 Mil (TTM As of Jun. 2015)

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What is Dragon Oil Change In Inventory?

Dragon Oil's change in inventory for the quarter that ended in Jun. 2015 was €8.2 Mil. It means Dragon Oil's inventory declined by €8.2 Mil from Dec. 2014 to Jun. 2015 .

Dragon Oil's change in inventory for the fiscal year that ended in Dec. 2014 was €-8.9 Mil. It means Dragon Oil's inventory increased by €8.9 Mil from Dec. 2013 to Dec. 2014 .

Dragon Oil's Total Inventories for the quarter that ended in Jun. 2015 was €23.3 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Dragon Oil's Days Inventory for the quarter that ended in Jun. 2015 was 22.00.

Inventory Turnover measures how fast the company turns over its inventory within a year. Dragon Oil's Inventory Turnover for the quarter that ended in Jun. 2015 was 8.30.

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. Dragon Oil's Inventory-to-Revenue for the quarter that ended in Jun. 2015 was 0.06.

Dragon Oil Change In Inventory Historical Data

The historical data trend for Dragon Oil's Change In 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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Dragon Oil Change In Inventory Chart

Dragon Oil Annual Data

Trend

Dec05

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Change In Inventory

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-2.76

6.06

-4.11

-8.81

-8.91

Dragon Oil Semi-Annual Data
	Jun09	Dec09	Jun10	Dec10	Jun11	Dec11	Jun12	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15
Change In Inventory	Get a 7-Day Free Trial								-0.79	-8.05	-1.53	-7.22	8.24

Dragon Oil Change In Inventory Calculation

Change In Inventory is the difference between last period's ending inventory and the current period's ending inventory.

Change In Inventory for the trailing twelve months (TTM) ended in Jun. 2015 adds up the semi-annually data reported by the company within the most recent 12 months, which was €1.0 Mil.

Dragon Oil (FRA:DRS) Change In Inventory Explanation

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

Dragon Oil's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	26.0335	/	216.001	*	365 / 2
	=	22.00

2. Inventory Turnover measures how fast the company turns over its inventory within a year.

Dragon Oil's Inventory Turnover for the quarter that ended in Jun. 2015 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	216.001	/	26.0335
	=	8.30

3. 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.

Dragon Oil's Inventory to Revenue for the quarter that ended in Jun. 2015 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	26.0335	/	400.834
	=	0.06

Dragon Oil Change In Inventory Related Terms

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Dragon Oil (FRA:DRS) Business Description

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Website

http://www.dragonoil.com

Dragon Oil PLC is an independent oil and gas exploration, development and production company. The Company's producing asset is the Cheleken Contract Area, in the eastern section of the Caspian Sea, offshore Turkmenistan. It has exploration blocks offshore Tunisia (the Bargou Exploration Permit), in Iraq (Block 9), Afghanistan (Sanduqli and Mazar-i-Sharif blocks), offshore the Philippines (Service Contract 63) in partnership with other companies and Block 19 in Egypt. The Company develops the hydrocarbon reserves in the Cheleken Contract Area in accordance with the terms of the Production Sharing Agreement (PSA). As at 31 December 2014 the Company had probably oil reserves of 663 million barrels of oil and condensate, gas 2P reserves and contingent gas resources of c. 2.7 TCF. The Bargou Exploration Permit contains prospective resources, while Block 9, Sanduqli and Mazar-i-Sharif blocks and Block 19 are at an early stage of exploration. The Company is subject to the international laws and regulations that it operates in.