Criterium Energy (TSXV:CEQ) Days Inventory : 44.25 (As of Mar. 2024)

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What is Criterium Energy Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Criterium Energy's Average Total Inventories for the three months ended in Mar. 2024 was C$1.94 Mil. Criterium Energy's Cost of Goods Sold for the three months ended in Mar. 2024 was C$4.01 Mil. Hence, Criterium Energy's Days Inventory for the three months ended in Mar. 2024 was 44.25.

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

TSXV:CEQ' s Days Inventory Range Over the Past 10 Years
Min: 0 Med: 0 Max: 175.8
Current: 175.8

During the past 13 years, Criterium Energy's highest Days Inventory was 175.80. The lowest was 0.00. And the median was 0.00.

TSXV:CEQ's Days Inventory is not ranked
in the Oil & Gas industry.
Industry Median: 32.36 vs TSXV:CEQ: 175.80

Criterium Energy's Days Inventory increased from Mar. 2023 (0.00) to Mar. 2024 (44.25). It might indicate that Criterium Energy's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Criterium Energy's Inventory Turnover for the three months ended in Mar. 2024 was 2.06.

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. Criterium Energy's Inventory-to-Revenue for the three months ended in Mar. 2024 was 0.24.

Criterium Energy Days Inventory Historical Data

The historical data trend for Criterium 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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Criterium Energy Days Inventory Chart

Criterium Energy Annual Data

Trend

Dec14

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Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

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Dec23

Days Inventory

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Criterium 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															-	-	-	-	44.25

Competitive Comparison of Criterium Energy's Days Inventory

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

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

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

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

Criterium Energy Days Inventory Calculation

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

Criterium 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 )	/	0.036	*	365
=	0					/	0.036	*	365
=	0.00

Criterium 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	+	1.942)	/	1 )	/	4.005	*	365 / 4
=	1.942					/	4.005	*	365 / 4
=	44.25

Criterium Energy (TSXV:CEQ) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	4.005	/	1.942
	=	2.06

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	1.942	/	8.178
	=	0.24

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.

Criterium Energy Days Inventory Related Terms

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Criterium Energy (TSXV:CEQ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Criterium Energy Ltd (TSXV:CEQ) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

202 - 6 Avenue SW, Bow Valley Square Tower 1?, Suite 1120, Calgary, AB, CAN, T2P 2R9

Website

https://www.criteriumenergy.com

Criterium Energy Ltd is engaged in the acquisition of assets for the exploration, development, and production of oil and natural gas. The group is engaged in the sustainable development of assets in South East Asia by evolving its portfolio to produce traditional and emerging energy sources. The company's major operations are located in Indonesia and Canada. It has two operating segments, one being the acquisition, exploration and development of oil and gas properties in Indonesia and the second being oil and gas royalties from properties in Canada.

Executives

David Bruce Dunlop

Director

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