GURUFOCUS.COM » STOCK LIST » USA » NYSE » Coterra Energy Inc (NYSE:CTRA) » Definitions » Days Inventory
Switch to:

Coterra Energy Days Inventory

: 5.17 (As of Jun. 2022)
View and export this data going back to 1990. Start your Free Trial

Days Inventory is also known as Days Sales of Inventory (DSI). Coterra Energy's Average Total Inventories for the three months ended in Jun. 2022 was $44 Mil. Coterra Energy's Cost of Goods Sold for the three months ended in Jun. 2022 was $768 Mil. Hence, Coterra Energy's Days Inventory for the three months ended in Jun. 2022 was 5.17.

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

CTRA' s Days Inventory Range Over the Past 10 Years
Min: 2.98   Med: 4.92   Max: 8.73
Current: 4.59

During the past 13 years, Coterra Energy's highest Days Inventory was 8.73. The lowest was 2.98. And the median was 4.92.

CTRA's Days Inventory is ranked better than
87.69% of 723 companies
in the Oil & Gas industry
Industry Median: 29.80 vs CTRA: 4.59

Coterra Energy's Days Inventory declined from Jun. 2021 (6.30) to Jun. 2022 (5.17).

Inventory Turnover measures how fast the company turns over its inventory within a year. Coterra Energy's Inventory Turnover for the three months ended in Jun. 2022 was 17.66.

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. Coterra Energy's Inventory-to-Revenue for the three months ended in Jun. 2022 was 0.02.


Coterra Energy Days Inventory Historical Data

The historical data trend for Coterra 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.

* Premium members only.

Coterra Energy Annual Data
Trend Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21
Days Inventory
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3.33 2.98 4.31 5.10 6.52

Coterra Energy Quarterly Data
Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22
Days Inventory Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 6.30 5.15 3.13 5.27 5.17

Competitive Comparison

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

   

Coterra Energy Days Inventory Distribution

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

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



Coterra Energy Days Inventory Calculation

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

Coterra Energy's Days Inventory for the fiscal year that ended in Dec. 2021 is calculated as

Days Inventory (A: Dec. 2021 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (A: Dec. 2020 ) + Total Inventories (A: Dec. 2021 )) / count ) / Cost of Goods Sold (A: Dec. 2021 )*Days in Period
=( (15 + 39) / 2 ) / 1512*365
=27 / 1512*365
=6.52

Coterra Energy's Days Inventory for the quarter that ended in Jun. 2022 is calculated as:

Days Inventory (Q: Jun. 2022 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (Q: Mar. 2022 ) + Total Inventories (Q: Jun. 2022 )) / count ) / Cost of Goods Sold (Q: Jun. 2022 )*Days in Period
=( (41 + 46) / 2 ) / 768*365 / 4
=43.5 / 768*365 / 4
=5.17

* 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.


Coterra Energy  (NYSE:CTRA) 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.

Coterra Energy's Inventory Turnover for the three months ended in Jun. 2022 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.

Coterra Energy's Inventory to Revenue for the three months ended in Jun. 2022 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.


Coterra Energy Days Inventory Related Terms

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


Coterra Energy Business Description

Coterra Energy logo
Address
840 Gessner Road, Suite 1400, Three Memorial City Plaza, Houston, TX, USA, 77024
Coterra is an independent exploration and production company with operations in Appalachia and the Permian Basin. It was formed after the 2021 merger with Cabot and Cimarex. At year-end 2021, Coterra's proved reserves were 2.9 billion barrels of oil equivalent, with net production that year of approximately 431 million barrels of oil equivalent per day (of which 70% was natural gas).
Executives
Hlavinka Gary J. officer: Vice President, (MBU) 840 GESSNER ROAD SUITE 1400 HOUSTON TX 77024
Smith Kevin William officer: VP & Chief Technology Officer 840 GESSNER ROAD SUITE 1400 HOUSTON TX 77024
Deshazer Michael D. officer: VP - Business Units THREE MEMORIAL CITY PLAZA 840 GESSNER ROAD, SUITE 1400 HOUSTON TX 77024
Helmerich Hans director C/O CIIRMAREX ENERGY CO 707 17TH ST. #3300 DENVER CO 80202-3404
Stewart Lisa A director EL PASO CORPORATION 1001 LOUISIANA STREET HOUSTON TX 77002
Bell Stephen P officer: Ex VP C/O CIIRMAREX ENERGY CO 707 17TH ST. #3300 DENVER CO 80202-3404
Vallejo Frances M director 1700 LINCOLN STREET SUITE 3700 DENVER CO 80203
Eckley Paul director 1700 LINCOLN STREET SUITE 3700 DENVER CO 80203
Barron Francis Brian officer: Sr VP - General Counsel 1099 18TH STREET, SUITE 2300 DENVER CO 80202
Jorden Thomas E director, officer: CEO and President C/O CIIRMAREX ENERGY CO 707 17TH ST. #3300 DENVER CO 80202-3404
Clason Christopher officer: SVP and Chief HR Officer 1700 LINCOLN STREET SUITE 3700 DENVER CO 80203
Delaney Peter B director P.O. BOX 321 OKLAHOMA CITY OK 73101
Watts Marcus A director
Brock Amanda M director 840 GESSNER ROAD, SUITE 1400 HOUSTON TX 77024
Lindeman Steven W officer: Sr. Vice Pres, South Reg & Eng 840 GESSNER ROAD, SUITE 1400 HOUSTON TX 77024

Coterra Energy Headlines

Other Sources

Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)