Cathedral Energy Services (Cathedral Energy Services) Days Inventory : 36.97 (As of Dec. 2023)

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What is Cathedral Energy Services Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Cathedral Energy Services's Average Total Inventories for the three months ended in Dec. 2023 was $34.9 Mil. Cathedral Energy Services's Cost of Goods Sold for the three months ended in Dec. 2023 was $86.2 Mil. Hence, Cathedral Energy Services's Days Inventory for the three months ended in Dec. 2023 was 36.97.

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

CETEF' s Days Inventory Range Over the Past 10 Years
Min: 24.07 Med: 30.57 Max: 66.66
Current: 30.95

During the past 13 years, Cathedral Energy Services's highest Days Inventory was 66.66. The lowest was 24.07. And the median was 30.57.

CETEF's Days Inventory is ranked better than
50.41% of 730 companies
in the Oil & Gas industry
Industry Median: 31.41 vs CETEF: 30.95

Cathedral Energy Services's Days Inventory increased from Dec. 2022 (21.49) to Dec. 2023 (36.97). It might indicate that Cathedral Energy Services's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Cathedral Energy Services's Inventory Turnover for the three months ended in Dec. 2023 was 2.47.

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. Cathedral Energy Services's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.32.

Cathedral Energy Services Days Inventory Historical Data

The historical data trend for Cathedral Energy Services'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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Cathedral Energy Services Days Inventory Chart

Cathedral Energy Services Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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31.28

65.63

47.48

25.83

29.39

Cathedral Energy Services Quarterly Data
	Mar19	Jun19	Sep19	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															21.49	23.22	29.73	34.48	36.97

Competitive Comparison of Cathedral Energy Services's Days Inventory

For the Oil & Gas Drilling subindustry, Cathedral Energy Services'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.

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

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

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

Cathedral Energy Services Days Inventory Calculation

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

Cathedral Energy Services'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
=	( (19.282	+	33.524)	/	2 )	/	327.943	*	365
=	26.403					/	327.943	*	365
=	29.39

Cathedral Energy Services'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
=	( (36.316	+	33.524)	/	2 )	/	86.192	*	365 / 4
=	34.92					/	86.192	*	365 / 4
=	36.97

Cathedral Energy Services (OTCPK:CETEF) 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.

Cathedral Energy Services's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	86.192	/	34.92
	=	2.47

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.

Cathedral Energy Services's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	34.92	/	108.392
	=	0.32

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.

Cathedral Energy Services Days Inventory Related Terms

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

Cathedral Energy Services (Cathedral Energy Services) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Cathedral Energy Services Ltd (OTCPK:CETEF) » Definitions » Days Inventory

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CET:Canada

Address

6030 - 3rd Street S.E., Calgary, AB, CAN, T2H 1K2

Website

https://www.cathedralenergyservices.com

Cathedral Energy Services Ltd is a Canadian-based company that is involved and engaged in the business of providing directional drilling services to oil and natural gas companies in western Canada and the United States. The Directional Drilling division provides horizontal, directional, and underbalanced drilling services. Geographically the company caters its services to Canada and the United States, of which a majority of the revenue is derived from United States.