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Alvopetro Energy (TSXV:ALV) Days Inventory : 0.00 (As of Mar. 2024)


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What is Alvopetro Energy Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Alvopetro Energy's Average Total Inventories for the three months ended in Mar. 2024 was C$0.00 Mil. Alvopetro Energy's Cost of Goods Sold for the three months ended in Mar. 2024 was C$4.55 Mil. Hence, Alvopetro Energy's Days Inventory for the three months ended in Mar. 2024 was 0.00.

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

TSXV:ALV's Days Inventory is not ranked *
in the Oil & Gas industry.
Industry Median: 31.72
* Ranked among companies with meaningful Days Inventory only.

Alvopetro Energy's Days Inventory stayed the same from Mar. 2023 (0.00) to Mar. 2024 (0.00).

Inventory Turnover measures how fast the company turns over its inventory within a year.

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. Alvopetro Energy's Inventory-to-Revenue for the three months ended in Mar. 2024 was 0.00.


Alvopetro Energy Days Inventory Historical Data

The historical data trend for Alvopetro 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.

* Premium members only.

Alvopetro Energy Days Inventory Chart

Alvopetro Energy Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Days Inventory
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Alvopetro Energy Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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Competitive Comparison of Alvopetro Energy's Days Inventory

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


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

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

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



Alvopetro Energy Days Inventory Calculation

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

Alvopetro 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
=( (0 + 0) / 1 ) / 18.16*365
=0 / 18.16*365
=0.00

Alvopetro 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
=( (0 + 0) / 1 ) / 4.549*365 / 4
=0 / 4.549*365 / 4
=0.00

* 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.


Alvopetro Energy  (TSXV:ALV) 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.

Alvopetro 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.

Alvopetro 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.


Alvopetro Energy Days Inventory Related Terms

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


Alvopetro Energy (TSXV:ALV) Business Description

Traded in Other Exchanges
Address
215 - 9th Avenue SW, Suite 1920, Calgary, AB, CAN, T2P 1K3
Alvopetro Energy Ltd is a Canada-based resource company engaged in the exploration, acquisition, development, and production of hydrocarbons in Brazil. It generates revenue from Natural gas, oil, and condensate sales, and all of its revenue is derived from Brazil. All natural gas, oil and condensate sales revenue is derived from Brazilian operations. All exploration and evaluation assets and all material property, plant and equipment are located in Brazil.
Executives
John David Wright Director