Australis Oil & Gas (ASX:ATS) Days Inventory : 29.72 (As of Dec. 2023)

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What is Australis Oil & Gas Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Australis Oil & Gas's Average Total Inventories for the six months ended in Dec. 2023 was A$1.58 Mil. Australis Oil & Gas's Cost of Goods Sold for the six months ended in Dec. 2023 was A$9.70 Mil. Hence, Australis Oil & Gas's Days Inventory for the six months ended in Dec. 2023 was 29.72.

The historical rank and industry rank for Australis Oil & Gas's Days Inventory or its related term are showing as below:

ASX:ATS' s Days Inventory Range Over the Past 10 Years
Min: 7.83 Med: 18.06 Max: 29.31
Current: 29.31

During the past 8 years, Australis Oil & Gas's highest Days Inventory was 29.31. The lowest was 7.83. And the median was 18.06.

ASX:ATS's Days Inventory is ranked better than
51.51% of 728 companies
in the Oil & Gas industry
Industry Median: 31.185 vs ASX:ATS: 29.31

Australis Oil & Gas's Days Inventory increased from Dec. 2022 (0.00) to Dec. 2023 (29.72). It might indicate that Australis Oil & Gas's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Australis Oil & Gas's Inventory Turnover for the six months ended in Dec. 2023 was 6.14.

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. Australis Oil & Gas's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.10.

Australis Oil & Gas Days Inventory Historical Data

The historical data trend for Australis Oil & Gas'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.

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Australis Oil & Gas Days Inventory Chart

Australis Oil & Gas Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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8.65

27.15

19.15

26.76

Australis Oil & Gas Semi-Annual Data
	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Inventory	Get a 7-Day Free Trial										17.63	15.77	-	31.39	29.72

Competitive Comparison of Australis Oil & Gas's Days Inventory

For the Oil & Gas E&P subindustry, Australis Oil & Gas'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.

Australis Oil & Gas's Days Inventory Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Australis Oil & Gas's Days Inventory falls into.

Australis Oil & Gas Days Inventory Calculation

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

Australis Oil & Gas'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	+	1.445)	/	1 )	/	19.707	*	365
=	1.445					/	19.707	*	365
=	26.76

Australis Oil & Gas'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: Jun. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (1.716	+	1.445)	/	2 )	/	9.704	*	365 / 2
=	1.5805					/	9.704	*	365 / 2
=	29.72

Australis Oil & Gas (ASX:ATS) 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.

Australis Oil & Gas's Inventory Turnover for the six months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	9.704	/	1.5805
	=	6.14

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.

Australis Oil & Gas's Inventory to Revenue for the six months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	1.5805	/	16.473
	=	0.10

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.

Australis Oil & Gas Days Inventory Related Terms

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

Australis Oil & Gas (ASX:ATS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Australis Oil & Gas Ltd (ASX:ATS) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

215 Hay Street, Ground Floor, Subiaco, WA, AUS, 6008

Website

https://www.australisoil.com

Australis Oil & Gas Ltd engages in oil and gas exploration, development, and production activities. The company operates through Oil & Gas Production, Exploration, and Other segments. The Oil & Gas Production segment earns the majority of revenue.