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
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
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
* 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 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).
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