Permian Resources (Permian Resources) Inventory Turnover : 0.00 (As of Dec. 2023)

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What is Permian Resources 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. Permian Resources's Cost of Goods Sold for the three months ended in Dec. 2023 was $529 Mil. Permian Resources's Average Total Inventories for the quarter that ended in Dec. 2023 was $0 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Permian Resources's Days Inventory for the three months ended in Dec. 2023 was 0.00.

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. Permian Resources's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.00.

Permian Resources Inventory Turnover Historical Data

The historical data trend for Permian Resources'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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Permian Resources Inventory Turnover Chart

Permian Resources Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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Permian Resources Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															-	-	-	-	-

Permian Resources Inventory Turnover Calculation

Permian Resources's Inventory Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Inventory Turnover (A: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2023 )	/ (	(Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )
=	1470.63	/ (	(0	+	0)	/	1 )
=	1470.63	/	0
=	N/A

Permian Resources's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

	Inventory Turnover (Q: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2023 )	/ (	(Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	529.182	/ (	(0	+	0)	/	1 )
=	529.182	/	0
=	N/A

Permian Resources (NYSE:PR) 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.

Permian Resources's Days Inventory for the three months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	0	/	529.182	*	365 / 4
	=	0.00

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.

Permian Resources's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	0	/	1122.686
	=	0.00

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.

Permian Resources Inventory Turnover Related Terms

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Permian Resources (Permian Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Permian Resources Corp (NYSE:PR) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

PR:Mexico YZ8:Germany

Address

300 N. Marienfeld Street, Suite 1000, Midland, TX, USA, 79701

Website

https://www.permianres.com

Permian Resources Corp is an independent oil and natural gas company focused on generating outsized returns to stakeholders through the responsible acquisition, optimization and development of oil and liquids-rich natural gas assets.

Executives

Guy M Oliphint	officer: EVP, Chief Financial Officer	C/O PENNIAN RESOURCES CORPORATION, I300 N. MARIENFELD ST., SUITE 1000, MIDLAND TX 79701
Silver Run Sponsor, Llc	10 percent owner	1000 LOUISIANA STREET, SUITE 1450, C/O RIVERSTONE EQUITY, HOUSTON TX 77002
Encap Energy Capital Fund Viii, L.p.	10 percent owner	9651 KATY FREEWAY, SUITE 600, HOUSTON TX 77024
Ngp Xi Us Holdings, L.p.	10 percent owner	2850 N HARWOOD STREET, 19TH FLOOR, DALLAS TX 75201
Riverstone Non-eci Usrpi Aiv, L.p.	10 percent owner	C/O RIVERSTONE HOLDINGS, 712 FIFTH AVENUE, 36TH FLOOR, NEW YORK NY 10019
Rel Us Centennial Holdings, Llc	10 percent owner	C/O RIVERSTONE HOLDINGS, 712 FIFTH AVENUE, 36TH FLOOR, NEW YORK NY 10019
Robert John Anderson	director	1400 WOODLOCH FOREST DRIVE, SUITE 300, THE WOODLANDS TX 77380
U.s. Bank Trust Company, National Association	10 percent owner	111 SW FIFTH AVENUE, PORTLAND OR 97204
Encap Energy Capital Fund Xi, L.p.	10 percent owner	9651 KATY FREEWAY, SUITE 600, HOUSTON TX 77024
Frost W. Cochran	director	34 S. WYNDEN DR, STE 300, HOUSTON TX 77056
Encap Energy Capital Fund Ix, L.p.	10 percent owner	9651 KATY FREEWAY, SUITE 600, HOUSTON TX 77024
Bold Energy Holdings, Llc	10 percent owner	600 N. MARIENFELD ST., SUITE 1000, MIDLAND TX 79701
Encap Partners Gp, Llc	10 percent owner	9651 KATY FREEWAY, SUITE 600, HOUSTON TX 77024
Brent P Jensen	officer: SVP, Chief Accounting Officer	C/O CENTENNIAL RESOURCE DEVELOPMENT, INC, 1401 SEVENTEENTH STREET, SUITE 1000, DENVER CO 80202
John Charles Bell	officer: EVP & General Counsel	C/O CENTENNIAL RESOURCE DEVELOPMENT, INC, 1001 SEVENTEENTH STREET, SUITE 1800, DENVER CO 80202