Oasis Petroleum (OLD) (Oasis Petroleum (OLD)) Total Inventories : $36 Mil (As of Sep. 2020)

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What is Oasis Petroleum (OLD) Total Inventories?

Oasis Petroleum (OLD)'s total inventories for the quarter that ended in Sep. 2020 was $36 Mil. Oasis Petroleum (OLD)'s average total inventories from the quarter that ended in Jun. 2020 to the quarter that ended in Sep. 2020 was $36 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Oasis Petroleum (OLD)'s Net-Net Working Capital per share for the quarter that ended in Sep. 2020 was $-9.65.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Oasis Petroleum (OLD)'s Days Inventory for the three months ended in Sep. 2020 was 24.13.

Inventory Turnover measures how fast the company turns over its inventory within a year. Oasis Petroleum (OLD)'s Inventory Turnover for the quarter that ended in Sep. 2020 was 3.78.

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. Oasis Petroleum (OLD)'s Inventory-to-Revenue for the quarter that ended in Sep. 2020 was 0.13.

Oasis Petroleum (OLD) Total Inventories Historical Data

The historical data trend for Oasis Petroleum (OLD)'s Total Inventories 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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Oasis Petroleum (OLD) Total Inventories Chart

Oasis Petroleum (OLD) Annual Data

Trend

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Total Inventories

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11.07

10.65

19.37

33.13

35.26

Oasis Petroleum (OLD) Quarterly Data
	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20
Total Inventories	Get a 7-Day Free Trial															36.76	35.26	33.00	36.92	35.74

Oasis Petroleum (OLD) Total Inventories Calculation

Total Inventories includes the raw materials, work-in-process goods and completely finished goods of a company. It is a portion of a company's current assets.

Oasis Petroleum (OLD) (OTCPK:OASPQ) Total Inventories Explanation

Inventory control is an important part of business operation. If a company does not have enough inventory, it may not be able to meet customers' required delivery time. If it has too much inventory, the cost of holding the inventory can be high.

1. In Ben Graham's calculation of Net-Net Working Capital (NNWC), inventory is only considered worth half of its book value.

Oasis Petroleum (OLD)'s Net-Net Working Capital Per Share for the quarter that ended in Sep. 2020 is

	Net-Net Working Capital Per Share (Q: Sep. 2020 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(84.265	+	0.75 * 156.78	+	0.5 * 35.736	-	3144.928
-	0	-	171.864)	/	320.931
=	-9.65

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

Oasis Petroleum (OLD)'s Days Inventory for the three months ended in Sep. 2020 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2020 )	/	Cost of Goods Sold (Q: Sep. 2020 )	*	Days in Period
	=	36.328	/	137.359	*	365 / 4
	=	24.13

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

Oasis Petroleum (OLD)'s Inventory Turnover for the quarter that ended in Sep. 2020 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Sep. 2020 )	/	Average Total Inventories (Q: Sep. 2020 )
	=	137.359	/	36.328
	=	3.78

4. 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.

Oasis Petroleum (OLD)'s Inventory to Revenue for the quarter that ended in Sep. 2020 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2020 )	/	Revenue (Q: Sep. 2020 )
	=	36.328	/	271.059
	=	0.13

Be Aware

Manufacturers with durable competitive advantages have the advantage that the products they sell do not change, and therefore will never become obsolete. Buffett likes this advantage.

When identifying manufacturers with durable competitive advantage, look for inventory and net earnings that rise correspondingly. This indicates that the company is finding profitable ways to increase sales which called for an increase in inventory.

Manufacturers with inventories that spike up and down are indicative of competitive industries subject to boom and bust.

Oasis Petroleum (OLD) Total Inventories Related Terms

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Oasis Petroleum (OLD) (Oasis Petroleum (OLD)) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Oasis Petroleum Inc (OLD) (OTCPK:OASPQ) » Definitions » Total Inventories

Comparable Companies

Traded in Other Exchanges

N/A

Address

1001 Fannin Street, Suite 1500, Houston, TX, USA, 77002

Website

https://www.oasispetroleum.com

Oasis Petroleum is an independent oil and gas producer in the United States. The company operates exclusively in the Williston Basin. At the end of 2018, the company reported net proven reserves of 321 million barrels of oil equivalent. Net production averaged 83,000 barrels of oil equivalent per day in 2018, at a ratio of 77% oil and 23% natural gas and NGLs.

Executives

Paula D Polito	director	15747 VILLORESI WAY, NAPLES FL 34110
John E Hagale	director	1111 BAGBY, SUITE 1600, HOUSTON TX 77002
Thomas B Nusz	director, officer: Chairman and CEO	1001 FANNIN STREET, SUITE 202, HOUSTON TX 77002
Taylor L Reid	director, officer: President and COO	1001 FANNIN STREET, SUITE 202, HOUSTON TX 77002
William J. Cassidy	director	410 - 17TH STREET, SUITE 1400, DENVER CO 80202
Nickolas J Lorentzatos	officer: Executive VP, GC & Corp. Sec.	1001 FANNIN STREET, SUITE 1500, HOUSTON TX 77002
Bobby S Shackouls	director	5051 WESTHEIMER, STE 1400, HOUSTON TX 77056-5604
Michael H Lou	officer: Executive VP and CFO	1001 FANNIN STREET, SUITE 202, HOUSTON TX 77002
Michael Mcshane	director	1330 POST OAK BLVD, STE 2700, HOUSTON TX 77056
Encap Energy Capital Fund Viii, L.p.	10 percent owner	9651 KATY FREEWAY, SUITE 600, HOUSTON TX 77024
Encap Energy Capital Fund Viii Co-investors, L.p.	10 percent owner	1100 LOUISIANA STREET, SUITE 4900, HOUSTON TX 77002
Encap Vi-b Acquisitions, L.p.	10 percent owner	1100 LOUISIANA, SUITE 3150, HOUSTON TX 77002
Encap Energy Capital Fund Vii Lp	10 percent owner	1100 LOUISIANA STREET, SUITE 3150, HOUSTON TX 77002
Encap Energy Capital Fund Vi L P	10 percent owner	1100 LOUISIANA ST SUITE 3150, HOUSTON TX 77002
Encap Partners Gp, Llc	10 percent owner	9651 KATY FREEWAY, SUITE 600, HOUSTON TX 77024