Red Sky Energy (ASX:ROG) Days Inventory : 0.00 (As of Jun. 2023)

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What is Red Sky Energy Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Red Sky Energy's Average Total Inventories for the six months ended in Jun. 2023 was A$0.00 Mil. Red Sky Energy's Cost of Goods Sold for the six months ended in Jun. 2023 was A$0.00 Mil.

The historical rank and industry rank for Red Sky Energy's Days Inventory or its related term are showing as below:

ASX:ROG' s Days Inventory Range Over the Past 10 Years
Min: 386.22 Med: 386.22 Max: 386.22
Current: 386.22

During the past 13 years, Red Sky Energy's highest Days Inventory was 386.22. The lowest was 386.22. And the median was 386.22.

ASX:ROG's Days Inventory is ranked worse than
96.98% of 728 companies
in the Oil & Gas industry
Industry Median: 31.3 vs ASX:ROG: 386.22

Red Sky Energy's Days Inventory stayed the same from Jun. 2022 (0.00) to Jun. 2023 (0.00).

Warning Sign:

If a company builds up inventory, it may mean it is having difficulties selling its goods.

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.

Red Sky Energy Days Inventory Historical Data

The historical data trend for Red Sky Energy'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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Red Sky Energy Days Inventory Chart

Red Sky Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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386.22

Red Sky Energy Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Inventory	Get a 7-Day Free Trial															-	-	-	-	-

Competitive Comparison of Red Sky Energy's Days Inventory

For the Oil & Gas E&P subindustry, Red Sky Energy'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.

Red Sky Energy's Days Inventory Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Red Sky Energy's Days Inventory falls into.

Red Sky Energy Days Inventory Calculation

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

Red Sky Energy'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	+	0.182)	/	1 )	/	0.172	*	365
=	0.182					/	0.172	*	365
=	386.22

Red Sky Energy's Days Inventory for the quarter that ended in Jun. 2023 is calculated as:

	Days Inventory (Q: Jun. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Dec. 2022 )	+	Total Inventories (Q: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2023 )	*	Days in Period
=	( (0	+	0)	/	1 )	/	0	*	365 / 2
=	0					/	0	*	365 / 2
=	N/A

Red Sky Energy (ASX:ROG) 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.

Red Sky Energy's Inventory Turnover for the six months ended in Jun. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	0	/	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.

Red Sky Energy's Inventory to Revenue for the six months ended in Jun. 2023 is calculated as

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

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.

Red Sky Energy Days Inventory Related Terms

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

Red Sky Energy (ASX:ROG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Red Sky Energy Ltd (ASX:ROG) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

Level 2, 480 Collins Street, Melbourne, VIC, AUS, 3000

Website

https://www.redskyenergy.com.au

Red Sky Energy Ltd is an oil and gas producer with the Killanoola and Innamincka Projects South Australia. The company is assessing opportunities as part of its strategy of acquiring producing or near-production assets.