BlackPearl Resources (BlackPearl Resources) Days Inventory : 0.58 (As of Sep. 2018)

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What is BlackPearl Resources Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). BlackPearl Resources's Average Total Inventories for the three months ended in Sep. 2018 was $0.2 Mil. BlackPearl Resources's Cost of Goods Sold for the three months ended in Sep. 2018 was $31.8 Mil. Hence, BlackPearl Resources's Days Inventory for the three months ended in Sep. 2018 was 0.58.

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

BLKPF's Days Inventory is not ranked ^*
in the Oil & Gas industry.
Industry Median: 31.41
* Ranked among companies with meaningful Days Inventory only.

BlackPearl Resources's Days Inventory increased from Sep. 2017 (0.48) to Sep. 2018 (0.58). It might indicate that BlackPearl Resources's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. BlackPearl Resources's Inventory Turnover for the three months ended in Sep. 2018 was 156.87.

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. BlackPearl Resources's Inventory-to-Revenue for the three months ended in Sep. 2018 was 0.01.

BlackPearl Resources Days Inventory Historical Data

The historical data trend for BlackPearl Resources'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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BlackPearl Resources Days Inventory Chart

BlackPearl Resources Annual Data

Trend

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Days Inventory

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1.76

3.29

1.78

0.58

BlackPearl Resources Quarterly Data
	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18
Days Inventory	Get a 7-Day Free Trial															0.48	-	0.47	0.51	0.58

Competitive Comparison of BlackPearl Resources's Days Inventory

For the Oil & Gas E&P subindustry, BlackPearl Resources'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.

BlackPearl Resources's Days Inventory Distribution in the Oil & Gas Industry

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

* The bar in red indicates where BlackPearl Resources's Days Inventory falls into.

BlackPearl Resources Days Inventory Calculation

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

BlackPearl Resources's Days Inventory for the fiscal year that ended in Dec. 2017 is calculated as

	Days Inventory (A: Dec. 2017 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2016 )	+	Total Inventories (A: Dec. 2017 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2017 )	*	Days in Period
=	( (0.034	+	0.17)	/	2 )	/	64.684	*	365
=	0.102					/	64.684	*	365
=	0.58

BlackPearl Resources's Days Inventory for the quarter that ended in Sep. 2018 is calculated as:

	Days Inventory (Q: Sep. 2018 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Jun. 2018 )	+	Total Inventories (Q: Sep. 2018 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2018 )	*	Days in Period
=	( (0.238	+	0.168)	/	2 )	/	31.844	*	365 / 4
=	0.203					/	31.844	*	365 / 4
=	0.58

BlackPearl Resources (OTCPK:BLKPF) 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.

BlackPearl Resources's Inventory Turnover for the three months ended in Sep. 2018 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	31.844	/	0.203
	=	156.87

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.

BlackPearl Resources's Inventory to Revenue for the three months ended in Sep. 2018 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0.203	/	39.695
	=	0.01

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.

BlackPearl Resources Days Inventory Related Terms

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

BlackPearl Resources (BlackPearl Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » BlackPearl Resources Inc (OTCPK:BLKPF) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

http://www.blackpearlresources.ca

BlackPearl Resources Inc is a Canada-based oil and natural gas company, which is engaged in the business of oil and gas exploration, development and production in North America. Its core properties include Onion Lake, Saskatchewan, which is a conventional heavy oil property, as well as a thermal enhanced oil recovery project. It holds working interests, located in the Onion Lake area of Saskatchewan. It has ongoing operations and production in other areas of Alberta and Saskatchewan, including Reita Lake, Portage, Fishing Lake, Salt Lake, and Unity.

BlackPearl Resources (BlackPearl Resources) Headlines

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