New Zealand Oil & Gas (New Zealand Oil & Gas) Days Inventory : 0.00 (As of Dec. 2023)

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What is New Zealand Oil & Gas Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). New Zealand Oil & Gas's Average Total Inventories for the six months ended in Dec. 2023 was $1.61 Mil. New Zealand Oil & Gas's Cost of Goods Sold for the six months ended in Dec. 2023 was $0.00 Mil.

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

NZEOY' s Days Inventory Range Over the Past 10 Years
Min: 654.32 Med: 1660.63 Max: 1886.93
Current: 1211.82

During the past 13 years, New Zealand Oil & Gas's highest Days Inventory was 1886.93. The lowest was 654.32. And the median was 1660.63.

NZEOY's Days Inventory is ranked worse than
99.59% of 729 companies
in the Oil & Gas industry
Industry Median: 31.5 vs NZEOY: 1211.82

New Zealand Oil & Gas's Days Inventory stayed the same from Dec. 2022 (0.00) to Dec. 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. New Zealand Oil & Gas's Inventory Turnover for the six months ended in Dec. 2023 was 0.00.

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.

New Zealand Oil & Gas Days Inventory Historical Data

The historical data trend for New Zealand 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.

* Premium members only.

New Zealand Oil & Gas Days Inventory Chart

New Zealand Oil & Gas Annual Data

Trend

Jun13

Jun14

Jun15

Jun16

Jun17

Jun19

Jun20

Jun21

Jun22

Jun23

Days Inventory

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1,613.24

1,021.52

New Zealand Oil & Gas Semi-Annual Data
	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Dec18	Jun19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Inventory	Get a 7-Day Free Trial															-	-	-	671.12	-

Competitive Comparison of New Zealand Oil & Gas's Days Inventory

For the Oil & Gas E&P subindustry, New Zealand 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.

New Zealand Oil & Gas's Days Inventory Distribution in the Oil & Gas Industry

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

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

New Zealand Oil & Gas Days Inventory Calculation

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

New Zealand Oil & Gas'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
=	( (1.755	+	1.637)	/	2 )	/	0.606	*	365
=	1.696					/	0.606	*	365
=	1,021.52

New Zealand 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
=	( (1.637	+	1.59)	/	2 )	/	0	*	365 / 2
=	1.6135					/	0	*	365 / 2
=	N/A

New Zealand Oil & Gas (OTCPK:NZEOY) 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.

New Zealand 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
	=	0	/	1.6135
	=	0.00

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	1.6135	/	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.

New Zealand Oil & Gas Days Inventory Related Terms

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

New Zealand Oil & Gas (New Zealand Oil & Gas) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » New Zealand Oil & Gas Ltd (OTCPK:NZEOY) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

NZEOF:USA NZO:New Zealand NZO:Australia

Address

36 Tennyson Street, Level 1, Wellington, NZL, 6011

Website

https://www.nzog.com

New Zealand Oil & Gas Ltd is an oil and gas exploration and production company with producing assets in New Zealand. It operates through Kupe Oil and Gas Field, Oil and Gas Exploration, and Cue Energy Resources Limited segments. The company generates maximum revenue from Cue Energy Resources Limited. It has a presence in Indonesia and Australia.

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