Vermilion Energy (TSX:VET) Days Inventory : 15.43 (As of Mar. 2024)

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What is Vermilion Energy Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Vermilion Energy's Average Total Inventories for the three months ended in Mar. 2024 was C$45 Mil. Vermilion Energy's Cost of Goods Sold for the three months ended in Mar. 2024 was C$265 Mil. Hence, Vermilion Energy's Days Inventory for the three months ended in Mar. 2024 was 15.43.

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

TSX:VET' s Days Inventory Range Over the Past 10 Years
Min: 6.43 Med: 9.35 Max: 12.99
Current: 11.38

During the past 13 years, Vermilion Energy's highest Days Inventory was 12.99. The lowest was 6.43. And the median was 9.35.

TSX:VET's Days Inventory is ranked better than
78.88% of 729 companies
in the Oil & Gas industry
Industry Median: 31.5 vs TSX:VET: 11.38

Vermilion Energy's Days Inventory increased from Mar. 2023 (8.69) to Mar. 2024 (15.43). It might indicate that Vermilion Energy's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Vermilion Energy's Inventory Turnover for the three months ended in Mar. 2024 was 5.91.

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. Vermilion Energy's Inventory-to-Revenue for the three months ended in Mar. 2024 was 0.08.

Vermilion Energy Days Inventory Historical Data

The historical data trend for Vermilion 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.

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Vermilion Energy Days Inventory Chart

Vermilion Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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9.84

9.58

6.75

6.43

12.99

Vermilion Energy Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Inventory	Get a 7-Day Free Trial															8.69	9.91	9.39	11.22	15.43

Competitive Comparison of Vermilion Energy's Days Inventory

For the Oil & Gas E&P subindustry, Vermilion 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.

Vermilion Energy's Days Inventory Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Vermilion Energy's Days Inventory falls into.

Vermilion Energy Days Inventory Calculation

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

Vermilion Energy's Days Inventory for the fiscal year that ended in Dec. 2023 is calculated as

	Days Inventory (A: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (19.657	+	57.333)	/	2 )	/	1081.313	*	365
=	38.495					/	1081.313	*	365
=	12.99

Vermilion Energy's Days Inventory for the quarter that ended in Mar. 2024 is calculated as:

	Days Inventory (Q: Mar. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (57.333	+	32.409)	/	2 )	/	265.357	*	365 / 4
=	44.871					/	265.357	*	365 / 4
=	15.43

Vermilion Energy (TSX:VET) 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.

Vermilion Energy's Inventory Turnover for the three months ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	265.357	/	44.871
	=	5.91

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.

Vermilion Energy's Inventory to Revenue for the three months ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	44.871	/	546.405
	=	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.

Vermilion Energy Days Inventory Related Terms

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

Vermilion Energy (TSX:VET) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Vermilion Energy Inc (TSX:VET) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

VET:USA CVZ:Germany CVZ:Germany

Address

520 - 3rd Avenue SW, Suite 3500, Calgary, AB, CAN, T2P 0R3

Website

https://www.vermilionenergy.com

Vermilion Energy Inc is an international oil and gas-producing company. It engages in full-cycle exploration and production programs that focus on the acquisition, exploration, development, and optimization of producing properties in North America, Europe, and Australia. The majority of Vermilion's revenue has derived from the production and sale of petroleum and natural gas. In each market, the company relies on a host of drilling and well-completion techniques to keep production at attractive levels. It derives a majority of its revenue from Canada.