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Gulf Keystone Petroleum (Gulf Keystone Petroleum) Days Inventory : 43.70 (As of Dec. 2023)


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What is Gulf Keystone Petroleum Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Gulf Keystone Petroleum's Average Total Inventories for the six months ended in Dec. 2023 was $12.0 Mil. Gulf Keystone Petroleum's Cost of Goods Sold for the six months ended in Dec. 2023 was $50.2 Mil. Hence, Gulf Keystone Petroleum's Days Inventory for the six months ended in Dec. 2023 was 43.70.

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

GFKSY' s Days Inventory Range Over the Past 10 Years
Min: 13.5   Med: 31.75   Max: 94.93
Current: 32.36

During the past 13 years, Gulf Keystone Petroleum's highest Days Inventory was 94.93. The lowest was 13.50. And the median was 31.75.

GFKSY's Days Inventory is ranked worse than
50.82% of 730 companies
in the Oil & Gas industry
Industry Median: 31.555 vs GFKSY: 32.36

Gulf Keystone Petroleum's Days Inventory increased from Dec. 2022 (13.28) to Dec. 2023 (43.70). It might indicate that Gulf Keystone Petroleum's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Gulf Keystone Petroleum's Inventory Turnover for the six months ended in Dec. 2023 was 4.18.

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. Gulf Keystone Petroleum's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.27.


Gulf Keystone Petroleum Days Inventory Historical Data

The historical data trend for Gulf Keystone 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.

Gulf Keystone Petroleum Days Inventory Chart

Gulf Keystone Petroleum Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Days Inventory
Get a 7-Day Free Trial Premium Member Only Premium Member Only 26.90 16.92 20.54 14.08 25.75

Gulf Keystone Petroleum Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 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 74.17 13.12 13.28 28.78 43.70

Competitive Comparison of Gulf Keystone Petroleum's Days Inventory

For the Oil & Gas E&P subindustry, Gulf Keystone 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.


Gulf Keystone Petroleum's Days Inventory Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Gulf Keystone Petroleum's Days Inventory falls into.



Gulf Keystone Petroleum Days Inventory Calculation

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

Gulf Keystone Petroleum'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
=( (6.372 + 9.901) / 2 ) / 115.331*365
=8.1365 / 115.331*365
=25.75

Gulf Keystone 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: Jun. 2023 ) + Total Inventories (Q: Dec. 2023 )) / count ) / Cost of Goods Sold (Q: Dec. 2023 )*Days in Period
=( (14.159 + 9.901) / 2 ) / 50.236*365 / 2
=12.03 / 50.236*365 / 2
=43.70

* 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.


Gulf Keystone Petroleum  (OTCPK:GFKSY) 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.

Gulf Keystone Petroleum's Inventory Turnover for the six 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.

Gulf Keystone Petroleum's Inventory to Revenue for the six 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.


Gulf Keystone Petroleum Days Inventory Related Terms

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


Gulf Keystone Petroleum (Gulf Keystone Petroleum) Business Description

Traded in Other Exchanges
Address
C/o Coson Corporate Services Limited, 41 Cedar Avenue, Cedar House, 3rd Floor, Hamilton, BMU, HM12
Gulf Keystone Petroleum Ltd is a holding company, which is engaged in oil and gas exploration and production. It mainly operates in the Kurdistan Region of Iraq, the Republic of Algeria, and Others. The Kurdistan Region of Iraq segment consists of the Shaikan, Ber Bahr blocks, and the Erbil office, which provides support to the operations in Kurdistan. It generates its revenues from the sale of oil.

Gulf Keystone Petroleum (Gulf Keystone Petroleum) Headlines