Bonterra Energy (TSX:BNE) Days Inventory : 1.48 (As of Dec. 2023)

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What is Bonterra Energy Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Bonterra Energy's Average Total Inventories for the three months ended in Dec. 2023 was C$0.9 Mil. Bonterra Energy's Cost of Goods Sold for the three months ended in Dec. 2023 was C$55.9 Mil. Hence, Bonterra Energy's Days Inventory for the three months ended in Dec. 2023 was 1.48.

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

TSX:BNE' s Days Inventory Range Over the Past 10 Years
Min: 1.35 Med: 1.69 Max: 2.25
Current: 1.62

During the past 13 years, Bonterra Energy's highest Days Inventory was 2.25. The lowest was 1.35. And the median was 1.69.

TSX:BNE's Days Inventory is ranked better than
96.03% of 730 companies
in the Oil & Gas industry
Industry Median: 31.555 vs TSX:BNE: 1.62

Bonterra Energy's Days Inventory declined from Dec. 2022 (1.72) to Dec. 2023 (1.48).

Inventory Turnover measures how fast the company turns over its inventory within a year. Bonterra Energy's Inventory Turnover for the three months ended in Dec. 2023 was 61.57.

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

Bonterra Energy Days Inventory Historical Data

The historical data trend for Bonterra 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.

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Bonterra Energy Days Inventory Chart

Bonterra Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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1.35

1.85

1.67

1.60

1.66

Bonterra 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															1.72	1.73	1.70	1.55	1.48

Competitive Comparison of Bonterra Energy's Days Inventory

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

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

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

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

Bonterra Energy Days Inventory Calculation

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

Bonterra 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
=	( (1.106	+	0.893)	/	2 )	/	219.947	*	365
=	0.9995					/	219.947	*	365
=	1.66

Bonterra 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
=	( (0.924	+	0.893)	/	2 )	/	55.934	*	365 / 4
=	0.9085					/	55.934	*	365 / 4
=	1.48

Bonterra Energy (TSX:BNE) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	55.934	/	0.9085
	=	61.57

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0.9085	/	81.739
	=	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.

Bonterra Energy Days Inventory Related Terms

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

Bonterra Energy (TSX:BNE) Business Description

Industry

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BNEFF:USA

Address

1015-4th Street SW, Suite 901, Calgary, AB, CAN, T2R 1J4

Website

https://www.bonterraenergy.com

Bonterra Energy Corp is an oil and gas exploration company operating in the Western Canadian Sedimentary Basin. The company develops and produces crude oil, natural gas, and natural gas liquids. Bonterra operates in one industry and has only one reportable segment. Its assets consist of crude oil and natural gas assets.