MEG Energy (TSX:MEG) Change In Inventory : C$0 Mil (TTM As of Dec. 2023)

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What is MEG Energy Change In Inventory?

MEG Energy's change in inventory for the quarter that ended in Dec. 2023 was C$0 Mil. It means MEG Energy's inventory stayed the same from Sep. 2023 to Dec. 2023 .

MEG Energy's change in inventory for the fiscal year that ended in Dec. 2023 was C$0 Mil. It means MEG Energy's inventory stayed the same from Dec. 2022 to Dec. 2023 .

MEG Energy's Total Inventories for the quarter that ended in Dec. 2023 was C$235 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. MEG Energy's Days Inventory for the quarter that ended in Dec. 2023 was 21.94.

Inventory Turnover measures how fast the company turns over its inventory within a year. MEG Energy's Inventory Turnover for the quarter that ended in Dec. 2023 was 4.16.

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. MEG Energy's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.17.

MEG Energy Change In Inventory Historical Data

The historical data trend for MEG Energy's Change In 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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MEG Energy Change In Inventory Chart

MEG Energy Annual Data

Trend

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Change In Inventory

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MEG Energy Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Change In Inventory	Get a 7-Day Free Trial															-	-	-	-	-

MEG Energy Change In Inventory Calculation

Change In Inventory is the difference between last period's ending inventory and the current period's ending inventory.

Change In Inventory for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was C$0 Mil.

MEG Energy (TSX:MEG) Change In Inventory Explanation

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

MEG Energy's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	284	/	1181	*	365 / 4
	=	21.94

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

MEG Energy's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	1181	/	284
	=	4.16

3. 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.

MEG Energy's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	284	/	1630
	=	0.17

MEG Energy Change In Inventory Related Terms

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MEG Energy (TSX:MEG) Business Description

Industry

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MEGEF:USA ME7:Germany

Address

600 - 3rd Avenue South West, 21st Floor Mail Room, Calgary, AB, CAN, T2P 0G5

Website

https://www.megenergy.com

MEG Energy Corp is an energy company focused on sustainable in situ thermal oil production in the southern Athabasca oil region of Alberta, Canada. MEG transports and sells thermal oil (known as Access Western Blend or AWB) to customers throughout North America and internationally.

Executives

David Michael Granger

Senior Officer