3R Petroleum Oleo E Gas (BSP:RRRP3) Days Inventory : 52.77 (As of Dec. 2023)

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What is 3R Petroleum Oleo E Gas Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). 3R Petroleum Oleo E Gas's Average Total Inventories for the three months ended in Dec. 2023 was R$735 Mil. 3R Petroleum Oleo E Gas's Cost of Goods Sold for the three months ended in Dec. 2023 was R$1,271 Mil. Hence, 3R Petroleum Oleo E Gas's Days Inventory for the three months ended in Dec. 2023 was 52.77.

The historical rank and industry rank for 3R Petroleum Oleo E Gas's Days Inventory or its related term are showing as below:

BSP:RRRP3' s Days Inventory Range Over the Past 10 Years
Min: 12.21 Med: 30.45 Max: 47.98
Current: 47.98

During the past 8 years, 3R Petroleum Oleo E Gas's highest Days Inventory was 47.98. The lowest was 12.21. And the median was 30.45.

BSP:RRRP3's Days Inventory is ranked worse than
66.03% of 730 companies
in the Oil & Gas industry
Industry Median: 31.555 vs BSP:RRRP3: 47.98

3R Petroleum Oleo E Gas's Days Inventory increased from Dec. 2022 (34.77) to Dec. 2023 (52.77). It might indicate that 3R Petroleum Oleo E Gas's sales slowed down.

Warning Sign:

If a company builds up inventory, it may mean it is having difficulties selling its goods.

Inventory Turnover measures how fast the company turns over its inventory within a year. 3R Petroleum Oleo E Gas's Inventory Turnover for the three months ended in Dec. 2023 was 1.73.

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. 3R Petroleum Oleo E Gas's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.40.

3R Petroleum Oleo E Gas Days Inventory Historical Data

The historical data trend for 3R Petroleum Oleo E Gas'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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3R Petroleum Oleo E Gas Days Inventory Chart

3R Petroleum Oleo E Gas Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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16.32

12.21

44.58

47.36

3R Petroleum Oleo E Gas Quarterly Data
	Dec17	Dec18	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Inventory	Get a 7-Day Free Trial														34.77	48.27	67.24	37.43	52.77

Competitive Comparison of 3R Petroleum Oleo E Gas's Days Inventory

For the Oil & Gas E&P subindustry, 3R Petroleum Oleo E Gas'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.

3R Petroleum Oleo E Gas's Days Inventory Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, 3R Petroleum Oleo E Gas's Days Inventory distribution charts can be found below:

* The bar in red indicates where 3R Petroleum Oleo E Gas's Days Inventory falls into.

3R Petroleum Oleo E Gas Days Inventory Calculation

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

3R Petroleum Oleo E Gas'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
=	( (187.472	+	814.819)	/	2 )	/	3862.029	*	365
=	501.1455					/	3862.029	*	365
=	47.36

3R Petroleum Oleo E Gas's Days Inventory for the quarter that ended in Dec. 2023 is calculated as:

	Days Inventory (Q: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (654.654	+	814.819)	/	2 )	/	1270.588	*	365 / 4
=	734.7365					/	1270.588	*	365 / 4
=	52.77

3R Petroleum Oleo E Gas (BSP:RRRP3) 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.

3R Petroleum Oleo E Gas's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	1270.588	/	734.7365
	=	1.73

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.

3R Petroleum Oleo E Gas's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	734.7365	/	1849.45
	=	0.40

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.

3R Petroleum Oleo E Gas Days Inventory Related Terms

Thank you for viewing the detailed overview of 3R Petroleum Oleo E Gas's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.

3R Petroleum Oleo E Gas (BSP:RRRP3) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » 3R Petroleum Oleo E Gas SA (BSP:RRRP3) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

Rua Visconde de Ouro Preto, number 5, Sala 601, Botafogo, Rio de Janeiro, RJ, BRA

Website

https://ri.3rpetroleum.com.br

3R Petroleum Oleo E Gas SA is engaged in the oil and gas sector with a focus on redevelopment of mature production fields located on land. Its purpose is to explore, produce, and sell oil and its derivatives, natural gas, and other fluid hydrocarbons.

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