Days Inventory is also known as Days Sales of Inventory (DSI). DNO ASA's Average Total Inventories for the
three
months ended in Mar. 2024 was $77.2 Mil. DNO ASA's Cost of Goods Sold for the
three
months ended in Mar. 2024 was $107.5 Mil.
Hence, DNO ASA's Days Inventory for the
three
months ended in Mar. 2024 was 65.49.
The historical rank and industry rank for DNO ASA's Days Inventory or its related term are showing as below:
DTNOF'
s Days Inventory Range Over the Past 10 Years
Min: 8.04 Med: 45.71 Max: 170.56
Current: 69.25
During the past 13 years, DNO ASA's highest Days Inventory was 170.56. The lowest was 8.04. And the median was 45.71.
DTNOF's Days Inventory is ranked worse than 76.41% of 729
companies
in the Oil & Gas industry
Industry Median: 31.46
vs DTNOF: 69.25
DNO ASA's Days Inventory
increased
from Mar. 2023 (44.06) to Mar. 2024 (65.49).
It might indicate that DNO ASA's sales slowed down.
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.
DNO ASA's Inventory Turnover for the
three
months ended in Mar. 2024 was 1.39.
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.
DNO ASA's Inventory-to-Revenue for the
three
months ended in Mar. 2024 was 0.42.
DNO ASA Days Inventory Historical Data
The historical data trend for DNO ASA'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.
Competitive Comparison of DNO ASA's Days Inventory
For the Oil & Gas E&P subindustry, DNO ASA'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.
DNO ASA's Days Inventory Distribution in the Oil & Gas Industry
For the Oil & Gas industry and Energy sector, DNO ASA's Days Inventory distribution charts can be found below:
* The bar in red indicates where DNO ASA's Days Inventory falls into.
DNO ASA Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
DNO ASA's Days Inventory for the fiscal year that ended in Dec. 2023 is calculated as
* 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.
DNO ASA (OTCPK:DTNOF) 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.
DNO ASA's Inventory Turnover for the
three
months ended in Mar. 2024 is calculated as
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.
DNO ASA's Inventory to Revenue for the
three
months ended in Mar. 2024 is calculated as
* 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.
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.
DNO ASA Days Inventory Related Terms
Thank you for viewing the detailed overview of DNO ASA's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
DNO ASA is an oil and gas exploration and production company. A group of licenses are held for fields in Kurdistan, Yemen, United Kingdom, and Norway. Producing assets in Kurdistan generate the majority of revenue for the company. Petroleum products from Kurdistan fields are either sold locally or externally, with external shipments constituting the majority. The company holds working interests in both onshore and offshore fields and operates as either the sole operator or partner in many of its facilities.
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