Chord Energy (Chord Energy) Days Inventory : 10.68 (As of Dec. 2023)

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What is Chord Energy Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Chord Energy's Average Total Inventories for the three months ended in Dec. 2023 was $69 Mil. Chord Energy's Cost of Goods Sold for the three months ended in Dec. 2023 was $587 Mil. Hence, Chord Energy's Days Inventory for the three months ended in Dec. 2023 was 10.68.

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

CHRD' s Days Inventory Range Over the Past 10 Years
Min: 6.95 Med: 9.42 Max: 12.31
Current: 9.39

During the past 6 years, Chord Energy's highest Days Inventory was 12.31. The lowest was 6.95. And the median was 9.42.

CHRD's Days Inventory is ranked better than
80.55% of 730 companies
in the Oil & Gas industry
Industry Median: 31.41 vs CHRD: 9.39

Chord Energy's Days Inventory increased from Dec. 2022 (9.83) to Dec. 2023 (10.68). It might indicate that Chord Energy's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Chord Energy's Inventory Turnover for the three months ended in Dec. 2023 was 8.55.

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. Chord Energy's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.07.

Chord Energy Days Inventory Historical Data

The historical data trend for Chord 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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Chord Energy Days Inventory Chart

Chord Energy Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

Get a 7-Day Free Trial

6.95

12.31

10.15

8.20

9.42

Chord Energy Quarterly Data
	Dec18	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														9.83	10.23	9.24	7.87	10.68

Competitive Comparison of Chord Energy's Days Inventory

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

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

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

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

Chord Energy Days Inventory Calculation

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

Chord 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
=	( (54.411	+	72.565)	/	2 )	/	2459.046	*	365
=	63.488					/	2459.046	*	365
=	9.42

Chord Energy'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
=	( (64.852	+	72.565)	/	2 )	/	587.209	*	365 / 4
=	68.7085					/	587.209	*	365 / 4
=	10.68

Chord Energy (NAS:CHRD) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	587.209	/	68.7085
	=	8.55

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	68.7085	/	964.685
	=	0.07

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.

Chord Energy Days Inventory Related Terms

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

Chord Energy (Chord Energy) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Chord Energy Corp (NAS:CHRD) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

WLLAW:USA OS70:Germany

Address

1001 Fannin Street, Suite 1500, Houston, TX, USA, 77002

Website

https://www.chordenergy.com

Chord Energy Corp is an independent exploration and production company. The company acquires, exploits, develops, and explores crude oil, natural gas, and natural gas liquids in the Williston Basin.

Executives

Michael H Lou	officer: See Remarks	1001 FANNIN STREET, SUITE 202, HOUSTON TX 77002
Paul Korus	director	C/O CIIRMAREX ENERGY CO, 707 17TH ST. #3300, DENVER CO 80202-3404
Charles J. Rimer	officer: See Remarks	NOBLE ENERGY INC., 1001 NOBLE ENERGY WAY, HOUSTON TX 77070
Lynn A Peterson	director, officer: Executive Chair	1625 BROADWAY, SUITE 250, DENVER CO 80202
Shannon Browning Kinney	officer: EVP, GC and Corp Secretary	1001 FANNIN STREET, SUITE 1500, HOUSTON TX 77002
Samantha Holroyd	director	1711 MARAVILLA DR., HOUSTON TX 77055
John David Jacobi	director	5300 TOWN AND COUNTRY BLVD, SUITE 500, FRISCO TX 75034
Robert Joseph Mcnally	director	625 LIBERTY AVENUE, SUITE 1700, C/O EQT CORPORATION, PITTSBURGH PA 15222
Anne Taylor	director	800 GESSNER, SUITE 500, HOUSTON TX 77024
Lancaster N John Jr	director	712 FIFTH AVENUE, 19TH FLOOR, NEW YORK NY 10019
Kevin S Mccarthy	director	C/O KAYNE ANDERSON CAPITAL ADVISORS, LP, 1800 AVENUE OF THE STARS, SECOND FLOOR, LOS ANGELES CA 90067
Susan M Cunningham	director	NOBLE ENERGY, INC., 1001 NOBLE ENERGY WAY, HOUSTON TX 77070
Taylor L Reid	officer: President and COO	1001 FANNIN STREET, SUITE 202, HOUSTON TX 77002
Daniel E Brown	director, officer: See Remarks	1201 LAKE ROBBINS DRIVE, THE WOODLANDS TX 77380
Nickolas J Lorentzatos	officer: Executive VP, GC & Corp. Sec.	1001 FANNIN STREET, SUITE 1500, HOUSTON TX 77002