Hemisphere Energy (TSXV:HME) Days Inventory : 0.00 (As of Dec. 2023)

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What is Hemisphere Energy Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Hemisphere Energy's Average Total Inventories for the three months ended in Dec. 2023 was C$0.00 Mil. Hemisphere Energy's Cost of Goods Sold for the three months ended in Dec. 2023 was C$11.38 Mil. Hence, Hemisphere Energy's Days Inventory for the three months ended in Dec. 2023 was 0.00.

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

TSXV:HME's Days Inventory is not ranked ^*
in the Oil & Gas industry.
Industry Median: 31.41
* Ranked among companies with meaningful Days Inventory only.

Hemisphere Energy's Days Inventory stayed the same from Dec. 2022 (0.00) to Dec. 2023 (0.00).

Inventory Turnover measures how fast the company turns over its inventory within a year.

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. Hemisphere Energy's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.00.

Hemisphere Energy Days Inventory Historical Data

The historical data trend for Hemisphere 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.

* Premium members only.

Hemisphere Energy Days Inventory Chart

Hemisphere Energy Annual Data

Trend

Dec14

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Dec19

Dec20

Dec21

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Dec23

Days Inventory

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Hemisphere 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															-	-	-	-	-

Competitive Comparison of Hemisphere Energy's Days Inventory

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

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

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

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

Hemisphere Energy Days Inventory Calculation

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

Hemisphere 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
=	( (0	+	0)	/	1 )	/	41.645	*	365
=	0					/	41.645	*	365
=	0.00

Hemisphere 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	+	0)	/	1 )	/	11.384	*	365 / 4
=	0					/	11.384	*	365 / 4
=	0.00

Hemisphere Energy (TSXV:HME) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	11.384	/	0
	=

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0	/	22.423
	=	0.00

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.

Hemisphere Energy Days Inventory Related Terms

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

Hemisphere Energy (TSXV:HME) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Hemisphere Energy Corp (TSXV:HME) » Definitions » Days Inventory

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HMENF:USA N4Q1:Germany

Address

905 West Pender Street, Suite 501, Vancouver, BC, CAN, V6C 1L6

Website

https://www.hemisphereenergy.ca

Hemisphere Energy Corp is a Canadian oil company focused on the sustainable growth of its high netback, low decline conventional heavy oil assets through water and polymer flood-enhanced recovery methods. It specializes in the development of conventional oil pools using enhanced oil recoveries methods such as waterflood and polymer flood to maximize production and oil recovery. The company's oil assets are in the Manville oil play in the Atlee Buffalo and Jenner areas of southeastern Alberta.