Ultra Petroleum (STU:UPM1) Days Inventory : 9.95 (As of Jun. 2020)

View and export this data going back to 1999. Start your Free Trial

What is Ultra Petroleum Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Ultra Petroleum's Average Total Inventories for the three months ended in Jun. 2020 was €5.6 Mil. Ultra Petroleum's Cost of Goods Sold for the three months ended in Jun. 2020 was €51.2 Mil. Hence, Ultra Petroleum's Days Inventory for the three months ended in Jun. 2020 was 9.95.

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

STU:UPM1' s Days Inventory Range Over the Past 10 Years
Min: 2.18 Med: 7.4 Max: 19.92
Current: 13.1

During the past 13 years, Ultra Petroleum's highest Days Inventory was 19.92. The lowest was 2.18. And the median was 7.40.

STU:UPM1's Days Inventory is not ranked
in the Oil & Gas industry.
Industry Median: 31.47 vs STU:UPM1: 13.10

Ultra Petroleum's Days Inventory declined from Jun. 2019 (22.48) to Jun. 2020 (9.95).

Inventory Turnover measures how fast the company turns over its inventory within a year. Ultra Petroleum's Inventory Turnover for the three months ended in Jun. 2020 was 9.17.

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. Ultra Petroleum's Inventory-to-Revenue for the three months ended in Jun. 2020 was 0.08.

Ultra Petroleum Days Inventory Historical Data

The historical data trend for Ultra Petroleum'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.

Ultra Petroleum Days Inventory Chart

Ultra Petroleum Annual Data

Trend

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Days Inventory

Get a 7-Day Free Trial

4.10

7.04

13.62

19.60

18.05

Ultra Petroleum 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															22.48	17.23	11.99	9.63	9.95

Competitive Comparison of Ultra Petroleum's Days Inventory

For the Oil & Gas E&P subindustry, Ultra Petroleum'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.

Ultra Petroleum's Days Inventory Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Ultra Petroleum's Days Inventory falls into.

Ultra Petroleum Days Inventory Calculation

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

Ultra Petroleum'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
=	( (16.487	+	8.107)	/	2 )	/	248.698	*	365
=	12.297					/	248.698	*	365
=	18.05

Ultra Petroleum'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
=	( (5.378	+	5.783)	/	2 )	/	51.197	*	365 / 4
=	5.5805					/	51.197	*	365 / 4
=	9.95

Ultra Petroleum (STU:UPM1) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	51.197	/	5.5805
	=	9.17

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	5.5805	/	72.604
	=	0.08

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.

Ultra Petroleum Days Inventory Related Terms

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

Ultra Petroleum (STU:UPM1) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Ultra Petroleum Corp (STU:UPM1) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

116 Inverness Drive East, Suite 400, Englewood, CO, USA, 80112

Website

http://www.ultrapetroleum.com

Ultra Petroleum Corp is an independent oil and gas company. The company is engaged in the development, production, operation, exploration, and acquisition of oil and natural gas properties. It's Pinedale and Jonah Fields in southwest Wyoming's Green River Basin are two of the largest natural gas fields in the United States.

Ultra Petroleum (STU:UPM1) Headlines

No Headlines