Bonanza Creek Energy (OLD) (Bonanza Creek Energy (OLD)) Inventory Turnover : 3.62 (As of Sep. 2020)

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What is Bonanza Creek Energy (OLD) Inventory Turnover?

Inventory Turnover measures how fast the company turns over its inventory within a year. It is calculated as Cost of Goods Sold divided by Total Inventories. Bonanza Creek Energy (OLD)'s Cost of Goods Sold for the three months ended in Sep. 2020 was $28.8 Mil. Bonanza Creek Energy (OLD)'s Average Total Inventories for the quarter that ended in Sep. 2020 was $8.0 Mil. Bonanza Creek Energy (OLD)'s Inventory Turnover for the quarter that ended in Sep. 2020 was 3.62.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Bonanza Creek Energy (OLD)'s Days Inventory for the three months ended in Sep. 2020 was 25.22.

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. Bonanza Creek Energy (OLD)'s Inventory-to-Revenue for the quarter that ended in Sep. 2020 was 0.14.

Bonanza Creek Energy (OLD) Inventory Turnover Historical Data

The historical data trend for Bonanza Creek Energy (OLD)'s Inventory Turnover 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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Bonanza Creek Energy (OLD) Inventory Turnover Chart

Bonanza Creek Energy (OLD) Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Inventory Turnover

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25.94

23.42

34.12

18.15

Bonanza Creek Energy (OLD) Quarterly Data
	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20
Inventory Turnover	Get a 7-Day Free Trial															5.19	3.81	3.65	3.79	3.62

Bonanza Creek Energy (OLD) Inventory Turnover Calculation

Bonanza Creek Energy (OLD)'s Inventory Turnover for the fiscal year that ended in Dec. 2019 is calculated as

	Inventory Turnover (A: Dec. 2019 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2019 )	/ (	(Total Inventories (A: Dec. 2018 )	+	Total Inventories (A: Dec. 2019 ))	/	count )
=	101.702	/ (	(3.478	+	7.726)	/	2 )
=	101.702	/	5.602
=	18.15

Bonanza Creek Energy (OLD)'s Inventory Turnover for the quarter that ended in Sep. 2020 is calculated as

	Inventory Turnover (Q: Sep. 2020 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2020 )	/ (	(Total Inventories (Q: Jun. 2020 )	+	Total Inventories (Q: Sep. 2020 ))	/	count )
=	28.832	/ (	(7.603	+	8.336)	/	2 )
=	28.832	/	7.9695
=	3.62

Bonanza Creek Energy (OLD) (NYSE:BCEI) Inventory Turnover Explanation

Inventory Turnover measures how fast the company turns over its inventory within a year. A higher Inventory Turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.

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

Bonanza Creek Energy (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
	=	7.9695	/	28.832	*	365 / 4
	=	25.22

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.

Bonanza Creek Energy (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 )
	=	7.9695	/	58.858
	=	0.14

Be Aware

Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate Inventory Turnover. An average inventory is a better indication.

Bonanza Creek Energy (OLD) Inventory Turnover Related Terms

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Bonanza Creek Energy (OLD) (Bonanza Creek Energy (OLD)) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Bonanza Creek Energy Inc (OLD) (NYSE:BCEI) » Definitions » Inventory Turnover

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Traded in Other Exchanges

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Address

410 17th Street, Suite 1400, Denver, CO, USA, 80202

Website

http://www.bonanzacrk.com

Bonanza Creek Energy Inc is an exploration and production company. It is engaged in the extraction of oil and associated liquids-rich natural gas in the United States. Its operations are focused in Rocky Mountain and in the Mid-Continent region.

Executives

Sandra Garbiso	officer: Vice President and CAO	410 - 17TH STREET, SUITE 1400, DENVER CO 80202
Marter Iv Cyrus D	officer: EVP, General Counsel & Secy.	410 - 17TH STREET, SUITE 1400, DENVER CO 80202
Dean Tinsley	officer: SVP, Operations	410 - 17TH STREET, SUITE 1400, DENVER CO 80202
Eric T. Greager	director, officer: President and CEO	410 - 17TH STREET, SUITE 1400, DENVER CO 80202
Brant Demuth	officer: EVP & Chief Financial Officer	410 - 17TH STREET, SUITE 1400, DENVER CO 80202
Carrie L Hudak	director	410 - 17TH STREET, SUITE 1400, DENVER CO 80202
Jeff E Wojahn	director	CIVITAS RESOURCES, INC., 410 17TH, DENVER CO 80202
Brian Steck	director	410-17TH STREET, SUITE 1400, DENVER CO 80202
Jack E. Vaughn	director	410-17TH STREET, SUITE 1400, DENVER CO 80202
Scott D. Vogel	director	885 PARK AVENUE, NEW YORK NY 10075
Paul Keglevic	director	STELLUS CAPITAL, 10000 MEMORIAL DRIVE STE 500, HOUSTON TX 77024
Tyree Thomas B Jr	director	410 - 17TH STREET, SUITE 1400, DENVER CO 80202
Scott A Fenoglio	officer: SVP, Finance & Planning	410 - 17TH STREET, SUITE 1400, DENVER CO 80202
Ramon Moore	officer: SVP Land	410 - 17TH STREET, SUITE 1400, DENVER CO 80202
Whitebox Advisors Llc	10 percent owner	3033 EXCELSIOR BLVD., SUITE 500, MINNEAPOLIS MN 55416