Carbon Energy (Carbon Energy) Days Inventory : 9.68 (As of Jun. 2020)

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What is Carbon Energy Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Carbon Energy's Average Total Inventories for the three months ended in Jun. 2020 was $1.2 Mil. Carbon Energy's Cost of Goods Sold for the three months ended in Jun. 2020 was $11.5 Mil. Hence, Carbon Energy's Days Inventory for the three months ended in Jun. 2020 was 9.68.

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

CRBO's Days Inventory is not ranked ^*
in the Oil & Gas industry.
Industry Median: 31.94
* Ranked among companies with meaningful Days Inventory only.

Carbon Energy's Days Inventory increased from Jun. 2019 (4.50) to Jun. 2020 (9.68). It might indicate that Carbon Energy's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Carbon Energy's Inventory Turnover for the three months ended in Jun. 2020 was 9.43.

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. Carbon Energy's Inventory-to-Revenue for the three months ended in Jun. 2020 was 0.25.

Carbon Energy Days Inventory Historical Data

The historical data trend for Carbon 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.

* Premium members only.

Carbon Energy Days Inventory Chart

Carbon Energy Annual Data

Trend

Mar10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Days Inventory

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14.70

8.21

Carbon Energy Quarterly Data
	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20
Days Inventory	Get a 7-Day Free Trial															4.50	8.93	11.70	10.20	9.68

Competitive Comparison of Carbon Energy's Days Inventory

For the Oil & Gas E&P subindustry, Carbon 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.

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

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

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

Carbon Energy Days Inventory Calculation

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

Carbon Energy's Days Inventory for the fiscal year that ended in Dec. 2019 is calculated as

	Days Inventory (A: Dec. 2019 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2018 )	+	Total Inventories (A: Dec. 2019 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2019 )	*	Days in Period
=	( (1.149	+	2.512)	/	2 )	/	81.394	*	365
=	1.8305					/	81.394	*	365
=	8.21

Carbon Energy's Days Inventory for the quarter that ended in Jun. 2020 is calculated as:

	Days Inventory (Q: Jun. 2020 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Mar. 2020 )	+	Total Inventories (Q: Jun. 2020 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2020 )	*	Days in Period
=	( (1.943	+	0.491)	/	2 )	/	11.471	*	365 / 4
=	1.217					/	11.471	*	365 / 4
=	9.68

Carbon Energy (OTCPK:CRBO) 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.

Carbon Energy's Inventory Turnover for the three months ended in Jun. 2020 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	11.471	/	1.217
	=	9.43

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.

Carbon Energy's Inventory to Revenue for the three months ended in Jun. 2020 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	1.217	/	4.963
	=	0.25

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.

Carbon Energy Days Inventory Related Terms

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

Carbon Energy (Carbon Energy) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Carbon Energy Corp (OTCPK:CRBO) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

1700 Broadway, Suite 1170, Denver, CO, USA, 80290

Website

https://www.carbonenergycorp.com

Carbon Energy Corp is an independent natural gas and oil company engaged in the acquisition, exploration, development, and production of oil, natural gas and natural gas liquids properties located in the United States. The company operates in Kentucky, Ohio, Tennessee, Virginia, and West Virginia, California, Illinois, and Indiana.

Executives

Patrick R Mcdonald	director, officer: CHIEF EXECUTIVE OFFICER	CARBON NATURAL GAS COMPANY 1700 BROADWAY, SUITE #1170 DENVER CO 80290
Erich W. Kirsch	officer: PFO and PAO	1700 BROADWAY SUITE 1170 DENVER CO 80290
Mark Duane Pierce	officer: PRESIDENT	1700 BROADWAY, SUITE 1170 DENVER CO 80290
Kevin D Struzeski	officer: CHIEF FINANCIAL OFFICER	C/O CARBON ENERGY CORP 1700 BROADWAY STE. 1150 DENVER CO 80290
John A Bailey	director	64 PERCH BAY WACCABUC NY 10597
Bryan H Lawrence	director	C/O CROSSTEX ENERGY HOLDINGS INC, 2501 CEDAR SPRINGS STE 600, DALLAS TX 75201
Peter A Leidel	director
Edwin H Morgens	director	C/O MORGENS WATERFALL VINTIADIS & CO, 600 5TH AVE, NEW YORK NY 10020
David H Kennedy	director	23 LAKESIDE AVE DARIEN CT 06820
James H Brandi	director	PO BOX 321, OKLAHOMA CITY OK 73101
Awm Investment Company, Inc.	10 percent owner	527 MADISON AVENUE, SUITE 2600, NEW YORK NY 10022
Yorktown Energy Partners Xi, L.p.	10 percent owner	410 PARK AVENUE, 20TH FLOOR, NEW YORK NY 10022
Yorktown Xi Associates Llc	10 percent owner	410 PARK AVENUE, 19TH FLOOR, NEW YORK NY 10022
Arbiter Partners Capital Management Llc	10 percent owner	530 FIFTH AVENUE, 20TH FLOOR, NEW YORK NY 10036
Marxe Austin W & Greenhouse David M	10 percent owner	C/O SPECIAL SITUATIONS FUNDS, 527 MADISON AVENUE, SUITE 2600, NEW YORK NY 10022

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