PetroTX LP (XTAE:PTX) Days Inventory : 0.00 (As of Dec. 2023)

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What is PetroTX LP Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). PetroTX LP's Average Total Inventories for the three months ended in Dec. 2023 was ₪0.00 Mil. PetroTX LP's Cost of Goods Sold for the three months ended in Dec. 2023 was ₪6.01 Mil. Hence, PetroTX LP's Days Inventory for the three months ended in Dec. 2023 was 0.00.

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

XTAE:PTX's Days Inventory is not ranked ^*
in the Oil & Gas industry.
Industry Median: 31.29
* Ranked among companies with meaningful Days Inventory only.

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

PetroTX LP Days Inventory Historical Data

The historical data trend for PetroTX LP'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.

PetroTX LP Days Inventory Chart

PetroTX LP Annual Data

Trend

Dec14

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Dec20

Dec21

Dec22

Dec23

Days Inventory

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PetroTX LP 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 PetroTX LP's Days Inventory

For the Oil & Gas E&P subindustry, PetroTX LP'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.

PetroTX LP's Days Inventory Distribution in the Oil & Gas Industry

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

* The bar in red indicates where PetroTX LP's Days Inventory falls into.

PetroTX LP Days Inventory Calculation

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

PetroTX LP'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 )	/	30.91	*	365
=	0					/	30.91	*	365
=	0.00

PetroTX LP'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 )	/	6.009	*	365 / 4
=	0					/	6.009	*	365 / 4
=	0.00

PetroTX LP (XTAE:PTX) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	6.009	/	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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0	/	7.429
	=	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.

PetroTX LP Days Inventory Related Terms

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

PetroTX LP (XTAE:PTX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » PetroTX LP (XTAE:PTX) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

Menachem Begin 144/A, Midtown Tower, Tel Aviv, ISR, 6492124

Website

https://www.petrotxlp.com

PetroTX LP is engaged in oil and gas investments. The company develops an investment portfolio through the acquisitions of oil and gas producing properties in the United States. It also seeks for expansion through additional drilling or completion activities. Its properties portfolio consists of assets in the states of Texas and Mississippi.

PetroTX LP (XTAE:PTX) Headlines

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