TAG Oil (TAG Oil) Days Inventory : 62.85 (As of Sep. 2023)

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What is TAG Oil Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). TAG Oil's Average Total Inventories for the three months ended in Sep. 2023 was $0.48 Mil. TAG Oil's Cost of Goods Sold for the three months ended in Sep. 2023 was $0.69 Mil. Hence, TAG Oil's Days Inventory for the three months ended in Sep. 2023 was 62.85.

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

TAOIF' s Days Inventory Range Over the Past 10 Years
Min: 3.13 Med: 53.57 Max: 221.53
Current: 221.53

During the past 13 years, TAG Oil's highest Days Inventory was 221.53. The lowest was 3.13. And the median was 53.57.

TAOIF's Days Inventory is ranked worse than
93.42% of 730 companies
in the Oil & Gas industry
Industry Median: 31.41 vs TAOIF: 221.53

TAG Oil's Days Inventory increased from Sep. 2022 (0.00) to Sep. 2023 (62.85). It might indicate that TAG Oil's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. TAG Oil's Inventory Turnover for the three months ended in Sep. 2023 was 1.45.

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. TAG Oil's Inventory-to-Revenue for the three months ended in Sep. 2023 was 2.46.

TAG Oil Days Inventory Historical Data

The historical data trend for TAG Oil'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.

TAG Oil Days Inventory Chart

TAG Oil Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Inventory

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34.06

3.22

72.22

TAG Oil Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Days Inventory	Get a 7-Day Free Trial															-	-	-	-	62.85

Competitive Comparison of TAG Oil's Days Inventory

For the Oil & Gas E&P subindustry, TAG Oil'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.

TAG Oil's Days Inventory Distribution in the Oil & Gas Industry

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

* The bar in red indicates where TAG Oil's Days Inventory falls into.

TAG Oil Days Inventory Calculation

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

TAG Oil'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	+	0)	/	1 )	/	0.12	*	365
=	0					/	0.12	*	365
=	0.00

TAG Oil's Days Inventory for the quarter that ended in Sep. 2023 is calculated as:

	Days Inventory (Q: Sep. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Jun. 2023 )	+	Total Inventories (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (0	+	0.478)	/	1 )	/	0.694	*	365 / 4
=	0.478					/	0.694	*	365 / 4
=	62.85

TAG Oil (OTCPK:TAOIF) 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.

TAG Oil's Inventory Turnover for the three months ended in Sep. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	0.694	/	0.478
	=	1.45

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.

TAG Oil's Inventory to Revenue for the three months ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0.478	/	0.194
	=	2.46

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.

TAG Oil Days Inventory Related Terms

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

TAG Oil (TAG Oil) Business Description

Industry

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

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Traded in Other Exchanges

T0P:Germany TAO:Canada

Address

1710 - 1050 West Pender Street, Suite 2040, Vancouver, BC, CAN, V6E 3S7

Website

https://www.tagoil.com

TAG Oil Ltd is a Canada-based oil and gas exploration, development, and production company. It operates through three geographical segments namely Canada, New Zealand, and Australia. Geographically, the firm generates a majority of its revenue from New Zealand.