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East West Petroleum (East West Petroleum) Days Inventory : 21.44 (As of Dec. 2023)


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What is East West Petroleum Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). East West Petroleum's Average Total Inventories for the three months ended in Dec. 2023 was $0.11 Mil. East West Petroleum's Cost of Goods Sold for the three months ended in Dec. 2023 was $0.48 Mil. Hence, East West Petroleum's Days Inventory for the three months ended in Dec. 2023 was 21.44.

The historical rank and industry rank for East West Petroleum's Days Inventory or its related term are showing as below:

EWPMF' s Days Inventory Range Over the Past 10 Years
Min: 6.51   Med: 30.94   Max: 44.46
Current: 26.13

During the past 13 years, East West Petroleum's highest Days Inventory was 44.46. The lowest was 6.51. And the median was 30.94.

EWPMF's Days Inventory is ranked better than
55.56% of 729 companies
in the Oil & Gas industry
Industry Median: 31.5 vs EWPMF: 26.13

East West Petroleum's Days Inventory increased from Dec. 2022 (17.38) to Dec. 2023 (21.44). It might indicate that East West Petroleum's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. East West Petroleum's Inventory Turnover for the three months ended in Dec. 2023 was 4.26.

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. East West Petroleum's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.21.


East West Petroleum Days Inventory Historical Data

The historical data trend for East West Petroleum'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.

East West Petroleum Days Inventory Chart

East West Petroleum Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Days Inventory
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - 6.44 30.92 46.31

East West Petroleum 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 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 17.38 49.58 33.15 24.33 21.44

Competitive Comparison of East West Petroleum's Days Inventory

For the Oil & Gas E&P subindustry, East West Petroleum'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.


East West Petroleum's Days Inventory Distribution in the Oil & Gas Industry

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

* The bar in red indicates where East West Petroleum's Days Inventory falls into.



East West Petroleum Days Inventory Calculation

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

East West Petroleum's Days Inventory for the fiscal year that ended in Mar. 2023 is calculated as

Days Inventory (A: Mar. 2023 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (A: Mar. 2022 ) + Total Inventories (A: Mar. 2023 )) / count ) / Cost of Goods Sold (A: Mar. 2023 )*Days in Period
=( (0.21 + 0.176) / 2 ) / 1.521*365
=0.193 / 1.521*365
=46.31

East West Petroleum'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
=( (0.113 + 0) / 1 ) / 0.481*365 / 4
=0.113 / 0.481*365 / 4
=21.44

* 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.


East West Petroleum  (OTCPK:EWPMF) 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.

East West Petroleum's Inventory Turnover for the three months ended in Dec. 2023 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.

East West Petroleum's Inventory to Revenue for the three months ended in Dec. 2023 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.


East West Petroleum Days Inventory Related Terms

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


East West Petroleum (East West Petroleum) Business Description

Traded in Other Exchanges
Address
1090 West Georgia Street, Suite 1305, Vancouver, BC, CAN, V6E 3V7
East West Petroleum Corp is an oil and gas exploration and production company. It is engaged in exploring, developing and producing from its oil and gas properties. Its producing oil and gas property in New Zealand is the Taranaki Basin which is located near the west coast of the North Island. The company derives its revenue from acquisition, exploration, and production of oil and gas properties.

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