Athabasca Oil (Athabasca Oil) Days Inventory : 25.14 (As of Dec. 2023)

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What is Athabasca Oil Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Athabasca Oil's Average Total Inventories for the three months ended in Dec. 2023 was $35.7 Mil. Athabasca Oil's Cost of Goods Sold for the three months ended in Dec. 2023 was $129.7 Mil. Hence, Athabasca Oil's Days Inventory for the three months ended in Dec. 2023 was 25.14.

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

ATHOF' s Days Inventory Range Over the Past 10 Years
Min: 19.09 Med: 29.65 Max: 43.58
Current: 26.01

During the past 13 years, Athabasca Oil's highest Days Inventory was 43.58. The lowest was 19.09. And the median was 29.65.

ATHOF's Days Inventory is ranked better than
55.89% of 730 companies
in the Oil & Gas industry
Industry Median: 31.41 vs ATHOF: 26.01

Athabasca Oil's Days Inventory declined from Dec. 2022 (26.21) to Dec. 2023 (25.14).

Inventory Turnover measures how fast the company turns over its inventory within a year. Athabasca Oil's Inventory Turnover for the three months ended in Dec. 2023 was 3.63.

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. Athabasca Oil's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.15.

Athabasca Oil Days Inventory Historical Data

The historical data trend for Athabasca Oil'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.

Athabasca Oil Days Inventory Chart

Athabasca Oil Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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29.43

42.89

29.64

24.20

26.65

Athabasca Oil Quarterly Data
	Mar19	Jun19	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															26.21	25.00	26.51	26.59	25.14

Competitive Comparison of Athabasca Oil's Days Inventory

For the Oil & Gas E&P subindustry, Athabasca Oil'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.

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

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

* The bar in red indicates where Athabasca Oil's Days Inventory falls into.

Athabasca Oil Days Inventory Calculation

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

Athabasca Oil'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
=	( (41.884	+	31.67)	/	2 )	/	503.639	*	365
=	36.777					/	503.639	*	365
=	26.65

Athabasca Oil'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
=	( (39.792	+	31.67)	/	2 )	/	129.679	*	365 / 4
=	35.731					/	129.679	*	365 / 4
=	25.14

Athabasca Oil (OTCPK:ATHOF) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	129.679	/	35.731
	=	3.63

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	35.731	/	235.487
	=	0.15

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.

Athabasca Oil Days Inventory Related Terms

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

Athabasca Oil (Athabasca Oil) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Athabasca Oil Corp (OTCPK:ATHOF) » Definitions » Days Inventory

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ATI:Germany ATH:Canada

Address

215 - 9th Avenue SW, Suite 1200, Calgary, AB, CAN, T2P 1K3

Website

https://www.atha.com

Athabasca Oil Corp is an energy company. It is focused on the exploration, development, and production of light oil and liquids-rich natural gas. The company organizes its business under two operational segments, Light Oil and Thermal Oil. It generates maximum revenue from the Thermal Oil segment. Thermal Oil includes the exploration, development, and production of bitumen from sand and carbonate rock formations located in the Athabasca region of Northern Alberta.