Parkmead Group (The) (LSE:PMG) Days Inventory : 1.25 (As of Dec. 2023)

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What is Parkmead Group (The) Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Parkmead Group (The)'s Average Total Inventories for the six months ended in Dec. 2023 was £0.01 Mil. Parkmead Group (The)'s Cost of Goods Sold for the six months ended in Dec. 2023 was £1.53 Mil. Hence, Parkmead Group (The)'s Days Inventory for the six months ended in Dec. 2023 was 1.25.

The historical rank and industry rank for Parkmead Group (The)'s Days Inventory or its related term are showing as below:

LSE:PMG' s Days Inventory Range Over the Past 10 Years
Min: 1.9 Med: 15.72 Max: 19.59
Current: 1.9

During the past 13 years, Parkmead Group (The)'s highest Days Inventory was 19.59. The lowest was 1.90. And the median was 15.72.

LSE:PMG's Days Inventory is ranked better than
95.61% of 729 companies
in the Oil & Gas industry
Industry Median: 31.5 vs LSE:PMG: 1.90

Parkmead Group (The)'s Days Inventory declined from Dec. 2022 (4.04) to Dec. 2023 (1.25).

Inventory Turnover measures how fast the company turns over its inventory within a year. Parkmead Group (The)'s Inventory Turnover for the six months ended in Dec. 2023 was 145.71.

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. Parkmead Group (The)'s Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.00.

Parkmead Group (The) Days Inventory Historical Data

The historical data trend for Parkmead Group (The)'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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Parkmead Group (The) Days Inventory Chart

Parkmead Group (The) Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Days Inventory

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17.04

19.59

14.39

4.73

Parkmead Group (The) 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															12.21	15.07	4.04	3.32	1.25

Competitive Comparison of Parkmead Group (The)'s Days Inventory

For the Oil & Gas E&P subindustry, Parkmead Group (The)'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.

Parkmead Group (The)'s Days Inventory Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Parkmead Group (The)'s Days Inventory distribution charts can be found below:

* The bar in red indicates where Parkmead Group (The)'s Days Inventory falls into.

Parkmead Group (The) Days Inventory Calculation

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

Parkmead Group (The)'s Days Inventory for the fiscal year that ended in Jun. 2023 is calculated as

	Days Inventory (A: Jun. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Jun. 2022 )	+	Total Inventories (A: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (A: Jun. 2023 )	*	Days in Period
=	( (0.042	+	0.016)	/	2 )	/	2.237	*	365
=	0.029					/	2.237	*	365
=	4.73

Parkmead Group (The)'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
=	( (0.016	+	0.005)	/	2 )	/	1.53	*	365 / 2
=	0.0105					/	1.53	*	365 / 2
=	1.25

Parkmead Group (The) (LSE:PMG) 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.

Parkmead Group (The)'s Inventory Turnover for the six months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	1.53	/	0.0105
	=	145.71

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.

Parkmead Group (The)'s Inventory to Revenue for the six months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0.0105	/	3.426
	=	0.00

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.

Parkmead Group (The) Days Inventory Related Terms

Thank you for viewing the detailed overview of Parkmead Group (The)'s Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.

Parkmead Group (The) (LSE:PMG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Parkmead Group (The) PLC (LSE:PMG) » Definitions » Days Inventory

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PMG.GB:UK

Address

4 Queen’s Terrace, Aberdeen, GBR, AB10 1XL

Website

https://www.parkmeadgroup.com

Parkmead Group (The) PLC is a UK-based independent oil and gas, exploration and production company. It produces natural gas from a portfolio of fields across the Netherlands. The firm has three segments namely Oil and gas exploration and production which invests in oil and gas exploration and production assets; the Energy economics segment that provides energy sector economics, valuation and benchmarking, advising on energy policies and fiscal matters, among others and the Renewables segment involves mixed farming activities as well as renewable energy opportunities. It generates a majority of its revenue from the oil and gas exploration and production segment.

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