The historical rank and industry rank for Pieridae Energy's Days Inventory or its related term are showing as below:
TSX:PEA'
s Days Inventory Range Over the Past 10 Years
Min: 7.82 Med: 122.48 Max: 2242.14
Current: 20.18
During the past 13 years, Pieridae Energy's highest Days Inventory was 2242.14. The lowest was 7.82. And the median was 122.48.
TSX:PEA's Days Inventory is ranked better than 62.83% of 729
companies
in the Oil & Gas industry
Industry Median: 31.46
vs TSX:PEA: 20.18
Pieridae Energy's Days Inventory
increased
from Mar. 2023 (9.32) to Mar. 2024 (13.65).
It might indicate that Pieridae Energy's sales slowed down.
Inventory Turnover measures how fast the company turns over its inventory within a year.
Pieridae Energy's Inventory Turnover for the
three
months ended in Mar. 2024 was 6.69.
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.
Pieridae Energy's Inventory-to-Revenue for the
three
months ended in Mar. 2024 was 0.05.
Pieridae Energy Days Inventory Historical Data
The historical data trend for Pieridae 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.
Competitive Comparison of Pieridae Energy's Days Inventory
For the Oil & Gas E&P subindustry, Pieridae 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.
Pieridae Energy's Days Inventory Distribution in the Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Pieridae Energy's Days Inventory distribution charts can be found below:
* The bar in red indicates where Pieridae Energy's Days Inventory falls into.
Pieridae Energy Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Pieridae Energy'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.
Pieridae Energy (TSX:PEA) 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.
Pieridae Energy'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.
Pieridae Energy'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.
Pieridae Energy Days Inventory Related Terms
Thank you for viewing the detailed overview of Pieridae Energy's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Pieridae Energy Ltd is a Canadian owned corporation focused on the development of integrated energy-related activities, from exploration and extraction of natural gas to the development, construction and operation of Goldboro LNG facility and the production of LNG for sale to Europe and other markets. It is a mid-sized oil and gas entity including midstream operatorship, and three large, deep cut, sour gas plants and associated Sulphur forming facilities, together with various pipelines which are connected to the TC Energy NOVA pipeline system in Alberta Its upstream segment is comprised of petroleum and natural gas production operations and properties. It also includes the company's upstream operations in Eastern Canada and corporate overhead activities associated with these operations.
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