Parex Resources (Parex Resources) Days Inventory : 1.59 (As of Dec. 2023)

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Days Inventory is also known as Days Sales of Inventory (DSI). Parex Resources's Average Total Inventories for the three months ended in Dec. 2023 was $4 Mil. Parex Resources's Cost of Goods Sold for the three months ended in Dec. 2023 was $212 Mil. Hence, Parex Resources's Days Inventory for the three months ended in Dec. 2023 was 1.59.

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

PARXF' s Days Inventory Range Over the Past 10 Years
Min: 0.75 Med: 2.14 Max: 5.95
Current: 1.74

During the past 13 years, Parex Resources's highest Days Inventory was 5.95. The lowest was 0.75. And the median was 2.14.

PARXF's Days Inventory is ranked better than
95.89% of 730 companies
in the Oil & Gas industry
Industry Median: 31.555 vs PARXF: 1.74

Parex Resources's Days Inventory declined from Dec. 2022 (2.90) to Dec. 2023 (1.59).

Inventory Turnover measures how fast the company turns over its inventory within a year. Parex Resources's Inventory Turnover for the three months ended in Dec. 2023 was 57.48.

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. Parex Resources's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.01.

Parex Resources Days Inventory Historical Data

The historical data trend for Parex 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.

* Premium members only.

Parex Resources Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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0.74

1.36

1.34

1.61

2.26

Parex Resources 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															2.90	1.78	1.44	1.66	1.59

Competitive Comparison

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

Parex Resources Days Inventory Distribution

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

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

Parex Resources Days Inventory Calculation

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

Parex Resources'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
=	( (4.633	+	4.254)	/	2 )	/	718.95	*	365
=	4.4435					/	718.95	*	365
=	2.26

Parex Resources'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
=	( (3.139	+	4.254)	/	2 )	/	212.48	*	365 / 4
=	3.6965					/	212.48	*	365 / 4
=	1.59

Parex Resources (OTCPK:PARXF) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	212.48	/	3.6965
	=	57.48

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	3.6965	/	373.643
	=	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.

Parex Resources Days Inventory Related Terms

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

Parex Resources (Parex Resources) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

QPX:Germany PXT:Canada

Address

2700 Eighth Avenue Place, West Tower, 585 - 8th Avenue SW, Calgary, AB, CAN, T2P 1G1

Website

https://www.parexresources.com

Parex Resources Inc engages in exploration, development, and production of crude oil. The company brings technology utilized in the Western Canada Sedimentary Basin to South American basins with large oil-in-place potential. Majority of the company's properties are focused in Colombia, where it pays a royalty or tax to the government for its operations. Parex depends on a team of geologists and geophysicists, in partnership with technologies such as 3D seismic surveying, to help exploration efforts. Oil production is sold to a small basket of participants in South and North America.