Extraction Oil & Gas (Extraction Oil & Gas) Days Inventory : 23.94 (As of Jun. 2021)

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What is Extraction Oil & Gas Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Extraction Oil & Gas's Average Total Inventories for the three months ended in Jun. 2021 was $25.3 Mil. Extraction Oil & Gas's Cost of Goods Sold for the three months ended in Jun. 2021 was $96.3 Mil. Hence, Extraction Oil & Gas's Days Inventory for the three months ended in Jun. 2021 was 23.94.

The historical rank and industry rank for Extraction Oil & Gas's Days Inventory or its related term are showing as below:

XOG' s Days Inventory Range Over the Past 10 Years
Min: 5.77 Med: 9.09 Max: 27.03
Current: 27.03

During the past 7 years, Extraction Oil & Gas's highest Days Inventory was 27.03. The lowest was 5.77. And the median was 9.09.

XOG's Days Inventory is not ranked
in the Oil & Gas industry.
Industry Median: 31.29 vs XOG: 27.03

Extraction Oil & Gas's Days Inventory increased from Jun. 2020 (23.12) to Jun. 2021 (23.94). It might indicate that Extraction Oil & Gas's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Extraction Oil & Gas's Inventory Turnover for the three months ended in Jun. 2021 was 3.81.

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. Extraction Oil & Gas's Inventory-to-Revenue for the three months ended in Jun. 2021 was 0.11.

Extraction Oil & Gas Days Inventory Historical Data

The historical data trend for Extraction Oil & 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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Extraction Oil & Gas Days Inventory Chart

Extraction Oil & Gas Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Days Inventory

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7.20

5.77

8.46

10.04

10.41

Extraction Oil & Gas Quarterly Data
	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21
Days Inventory	Get a 7-Day Free Trial															23.12	25.53	18.67	-	23.94

Competitive Comparison of Extraction Oil & Gas's Days Inventory

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

Extraction Oil & Gas's Days Inventory Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Extraction Oil & Gas's Days Inventory falls into.

Extraction Oil & Gas Days Inventory Calculation

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

Extraction Oil & Gas's Days Inventory for the fiscal year that ended in Dec. 2020 is calculated as

	Days Inventory (A: Dec. 2020 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2019 )	+	Total Inventories (A: Dec. 2020 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2020 )	*	Days in Period
=	( (20.96	+	11.989)	/	2 )	/	577.745	*	365
=	16.4745					/	577.745	*	365
=	10.41

Extraction Oil & Gas's Days Inventory for the quarter that ended in Jun. 2021 is calculated as:

	Days Inventory (Q: Jun. 2021 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Mar. 2021 )	+	Total Inventories (Q: Jun. 2021 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2021 )	*	Days in Period
=	( (30.274	+	20.249)	/	2 )	/	96.291	*	365 / 4
=	25.2615					/	96.291	*	365 / 4
=	23.94

Extraction Oil & Gas (NAS:XOG) 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.

Extraction Oil & Gas's Inventory Turnover for the three months ended in Jun. 2021 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	96.291	/	25.2615
	=	3.81

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.

Extraction Oil & Gas's Inventory to Revenue for the three months ended in Jun. 2021 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	25.2615	/	223.627
	=	0.11

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.

Extraction Oil & Gas Days Inventory Related Terms

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

Extraction Oil & Gas (Extraction Oil & Gas) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Extraction Oil & Gas Inc (NAS:XOG) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

370 17th Street, Suite 5200, Denver, CO, USA, 80202

Website

https://www.extractionog.com

Extraction Oil & Gas Inc is an energy company. It focuses mainly on the exploration and production of oil & gas from its reserves in the Rocky Mountains. The company primarily operates in the Greater Wattenberg Field of Colorado's Denver-Julesburg Basin. It operates in a single segment, which is Extraction. The company generates the majority of its revenue from oil sales. Geographically, it operates in the United States.