Canacol Energy (Canacol Energy) Days Inventory : 1.48 (As of Dec. 2023)

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What is Canacol Energy Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Canacol Energy's Average Total Inventories for the three months ended in Dec. 2023 was $0.3 Mil. Canacol Energy's Cost of Goods Sold for the three months ended in Dec. 2023 was $20.1 Mil. Hence, Canacol Energy's Days Inventory for the three months ended in Dec. 2023 was 1.48.

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

CNNEF' s Days Inventory Range Over the Past 10 Years
Min: 1.21 Med: 3.45 Max: 23.75
Current: 1.45

During the past 13 years, Canacol Energy's highest Days Inventory was 23.75. The lowest was 1.21. And the median was 3.45.

CNNEF's Days Inventory is ranked better than
96.84% of 728 companies
in the Oil & Gas industry
Industry Median: 31.185 vs CNNEF: 1.45

Canacol Energy's Days Inventory increased from Dec. 2022 (1.29) to Dec. 2023 (1.48). It might indicate that Canacol Energy's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Canacol Energy's Inventory Turnover for the three months ended in Dec. 2023 was 61.71.

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. Canacol Energy's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.00.

Canacol Energy Days Inventory Historical Data

The historical data trend for Canacol 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.

Canacol Energy Days Inventory Chart

Canacol Energy Annual Data

Trend

Jun14

Jun15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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1.86

1.66

1.34

1.25

1.66

Canacol Energy 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															1.29	1.45	1.32	1.34	1.48

Competitive Comparison of Canacol Energy's Days Inventory

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

Canacol Energy's Days Inventory Distribution in the Oil & Gas Industry

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

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

Canacol Energy Days Inventory Calculation

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

Canacol Energy'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
=	( (0.3	+	0.39)	/	2 )	/	75.925	*	365
=	0.345					/	75.925	*	365
=	1.66

Canacol Energy'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
=	( (0.261	+	0.39)	/	2 )	/	20.086	*	365 / 4
=	0.3255					/	20.086	*	365 / 4
=	1.48

Canacol Energy (OTCPK:CNNEF) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	20.086	/	0.3255
	=	61.71

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0.3255	/	82.806
	=	0.00

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.

Canacol Energy Days Inventory Related Terms

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

Canacol Energy (Canacol Energy) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Canacol Energy Ltd (OTCPK:CNNEF) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

3B6:Germany CNEC:Columbia CNE:Canada

Address

215 - 9 Avenue SW, Suite 2000, Calgary, AB, CAN, T2P 1K3

Website

https://www.canacolenergy.com

Canacol Energy Ltd is a natural gas and oil exploration and production company. The company operates in the Lower and Middle Magdalena Basins of Colombia.