Days Inventory is also known as Days Sales of Inventory (DSI). Beach Energy's Average Total Inventories for the
six
months ended in Dec. 2023 was $113 Mil. Beach Energy's Cost of Goods Sold for the
six
months ended in Dec. 2023 was $458 Mil.
Hence, Beach Energy's Days Inventory for the
six
months ended in Dec. 2023 was 44.92.
The historical rank and industry rank for Beach Energy's Days Inventory or its related term are showing as below:
BCHEY'
s Days Inventory Range Over the Past 10 Years
Min: 29.31 Med: 42.59 Max: 82.75
Current: 46.71
During the past 13 years, Beach Energy's highest Days Inventory was 82.75. The lowest was 29.31. And the median was 42.59.
BCHEY's Days Inventory is ranked worse than 65.07% of 730
companies
in the Oil & Gas industry
Industry Median: 31.41
vs BCHEY: 46.71
Beach Energy's Days Inventory
increased
from Dec. 2022 (39.85) to Dec. 2023 (44.92).
It might indicate that Beach Energy's sales slowed down.
Inventory Turnover measures how fast the company turns over its inventory within a year.
Beach Energy's Inventory Turnover for the
six
months ended in Dec. 2023 was 4.06.
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.
Beach Energy's Inventory-to-Revenue for the
six
months ended in Dec. 2023 was 0.18.
Beach Energy Days Inventory Historical Data
The historical data trend for Beach 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 Beach Energy's Days Inventory
For the Oil & Gas E&P subindustry, Beach 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.
Beach Energy's Days Inventory Distribution in the Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Beach Energy's Days Inventory distribution charts can be found below:
* The bar in red indicates where Beach Energy's Days Inventory falls into.
Beach Energy Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Beach Energy's Days Inventory for the fiscal year that ended in Jun. 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.
Beach Energy (OTCPK:BCHEY) 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.
Beach Energy's Inventory Turnover for the
six
months ended in Dec. 2023 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.
Beach Energy's Inventory to Revenue for the
six
months 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.
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.
Beach Energy Days Inventory Related Terms
Thank you for viewing the detailed overview of Beach Energy's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Beach produces oil, gas, and gas liquids from numerous joint ventures in the onshore Cooper and Eromanga basins. Beach merged with Cooper Basin joint-venture partner Drillsearch Energy Limited in March 2016, which increased equity production to about 10 million barrels of oil equivalent. This more than doubled to over 20 million barrels of oil equivalent following the successful purchase of Lattice from Origin Energy in 2018. The average field life is 10 years based on forecast production and 255 mmboe of proven and probable reserves. We credit life of around 15 years, assuming substantial conversion of 2C contingent resources into reserve category with drilling. Shale gas resources are blue-sky.
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