Days Inventory is also known as Days Sales of Inventory (DSI). Karoon Energy's Average Total Inventories for the
six
months ended in Dec. 2023 was $13.7 Mil. Karoon Energy's Cost of Goods Sold for the
six
months ended in Dec. 2023 was $70.3 Mil.
Hence, Karoon Energy's Days Inventory for the
six
months ended in Dec. 2023 was 35.57.
The historical rank and industry rank for Karoon Energy's Days Inventory or its related term are showing as below:
KRNGY'
s Days Inventory Range Over the Past 10 Years
Min: 47.64 Med: 105.81 Max: 145.67
Current: 47.64
During the past 13 years, Karoon Energy's highest Days Inventory was 145.67. The lowest was 47.64. And the median was 105.81.
KRNGY's Days Inventory is ranked worse than 66.03% of 730
companies
in the Oil & Gas industry
Industry Median: 31.41
vs KRNGY: 47.64
Karoon Energy's Days Inventory
declined
from Dec. 2022 (85.98) to Dec. 2023 (35.57).
Inventory Turnover measures how fast the company turns over its inventory within a year.
Karoon Energy's Inventory Turnover for the
six
months ended in Dec. 2023 was 5.13.
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.
Karoon Energy's Inventory-to-Revenue for the
six
months ended in Dec. 2023 was 0.03.
Karoon Energy Days Inventory Historical Data
The historical data trend for Karoon 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 Karoon Energy's Days Inventory
For the Oil & Gas E&P subindustry, Karoon 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.
Karoon Energy's Days Inventory Distribution in the Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Karoon Energy's Days Inventory distribution charts can be found below:
* The bar in red indicates where Karoon Energy's Days Inventory falls into.
Karoon Energy Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Karoon 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.
Karoon Energy (OTCPK:KRNGY) 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.
Karoon 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.
Karoon 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.
Karoon Energy Days Inventory Related Terms
Thank you for viewing the detailed overview of Karoon Energy's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Karoon Energy (Karoon Energy) Business Description
Karoon produces around 8 million barrels of oil annually from its wholly owned Bauna field in Brazil's offshore Santos basin. The company acquired Bauna from Petrobras in 2020 and has been steadily increasing production via well interventions and new developments. Field life is approaching eight years based on proven and probable 2P reserves of 55 million barrels at end December 2022, though this excludes a further 82 million barrels in 2C contingent resources which which have potential to increase life further. We credit life of approximately 10 years, assuming partial conversion of 2C contingent resources into reserve category with drilling. There are also prospective untested targets within Karoon's permits which could potentially add further reserves in the medium term.
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