TAG Oil (TAG Oil) Change In Inventory : $0.00 Mil (TTM As of Sep. 2023)

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What is TAG Oil Change In Inventory?

TAG Oil's change in inventory for the quarter that ended in Sep. 2023 was $0.00 Mil. It means TAG Oil's inventory stayed the same from Jun. 2023 to Sep. 2023 .

TAG Oil's change in inventory for the fiscal year that ended in Mar. 2023 was $0.00 Mil. It means TAG Oil's inventory stayed the same from Mar. 2022 to Mar. 2023 .

TAG Oil's Total Inventories for the quarter that ended in Sep. 2023 was $0.48 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. TAG Oil's Days Inventory for the quarter that ended in Sep. 2023 was 31.42.

Inventory Turnover measures how fast the company turns over its inventory within a year. TAG Oil's Inventory Turnover for the quarter that ended in Sep. 2023 was 2.90.

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. TAG Oil's Inventory-to-Revenue for the quarter that ended in Sep. 2023 was 1.23.

TAG Oil Change In Inventory Historical Data

The historical data trend for TAG 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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TAG Oil Change In Inventory Chart

TAG Oil Annual Data

Trend

Mar14

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Mar22

Mar23

Change In Inventory

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0.58

0.03

TAG Oil Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Change In Inventory	Get a 7-Day Free Trial															-	-	-	-	-

TAG 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 Sep. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $0.00 Mil.

TAG Oil (OTCPK:TAOIF) Change In Inventory Explanation

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

TAG 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
	=	0.239	/	0.694	*	365 / 4
	=	31.42

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

TAG Oil's Inventory Turnover for the quarter that ended in Sep. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	0.694	/	0.239
	=	2.90

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.

TAG Oil's Inventory to Revenue for the quarter that ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0.239	/	0.194
	=	1.23

TAG Oil Change In Inventory Related Terms

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TAG Oil (TAG Oil) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » TAG Oil Ltd (OTCPK:TAOIF) » Definitions » Change In Inventory

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T0P:Germany TAO:Canada

Address

1710 - 1050 West Pender Street, Suite 2040, Vancouver, BC, CAN, V6E 3S7

Website

https://www.tagoil.com

TAG Oil Ltd is a Canada-based oil and gas exploration, development, and production company. It operates through three geographical segments namely Canada, New Zealand, and Australia. Geographically, the firm generates a majority of its revenue from New Zealand.