Virtus Oil & Gas (Virtus Oil & Gas) Inventory Turnover : 0.00 (As of Feb. 2016)

View and export this data going back to 2011. Start your Free Trial

What is Virtus Oil & Gas 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. Virtus Oil & Gas's Cost of Goods Sold for the three months ended in Feb. 2016 was $0.00 Mil. Virtus Oil & Gas's Average Total Inventories for the quarter that ended in Feb. 2016 was $0.00 Mil.

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

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.

Virtus Oil & Gas Inventory Turnover Historical Data

The historical data trend for Virtus Oil & Gas'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.

* Premium members only.

Virtus Oil & Gas Inventory Turnover Chart

Virtus Oil & Gas Annual Data

Trend

Nov10

Nov11

Nov12

Nov13

Nov14

Nov15

Inventory Turnover

Get a 7-Day Free Trial

Virtus Oil & Gas Quarterly Data
	May11	Aug11	Nov11	Feb12	May12	Aug12	Nov12	Feb13	May13	Aug13	Nov13	Feb14	May14	Aug14	Nov14	Feb15	May15	Aug15	Nov15	Feb16
Inventory Turnover	Get a 7-Day Free Trial															-	-	-	-	-

Virtus Oil & Gas Inventory Turnover Calculation

Virtus Oil & Gas's Inventory Turnover for the fiscal year that ended in Nov. 2015 is calculated as

	Inventory Turnover (A: Nov. 2015 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Nov. 2015 )	/ (	(Total Inventories (A: Nov. 2014 )	+	Total Inventories (A: Nov. 2015 ))	/	count )
=	0	/ (	(0	+	0)	/	1 )
=	0	/	0
=	N/A

Virtus Oil & Gas's Inventory Turnover for the quarter that ended in Feb. 2016 is calculated as

	Inventory Turnover (Q: Feb. 2016 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Feb. 2016 )	/ (	(Total Inventories (Q: Nov. 2015 )	+	Total Inventories (Q: Feb. 2016 ))	/	count )
=	0	/ (	(0	+	0)	/	1 )
=	0	/	0
=	N/A

Virtus Oil & Gas (GREY:VOIL) 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.

Virtus Oil & Gas's Days Inventory for the three months ended in Feb. 2016 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Feb. 2016 )	/	Cost of Goods Sold (Q: Feb. 2016 )	*	Days in Period
	=	0	/	0	*	365 / 4
	=

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.

Virtus Oil & Gas's Inventory to Revenue for the quarter that ended in Feb. 2016 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Feb. 2016 )	/	Revenue (Q: Feb. 2016 )
	=	0	/	0
	=

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.

Virtus Oil & Gas Inventory Turnover Related Terms

Thank you for viewing the detailed overview of Virtus Oil & Gas's Inventory Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Virtus Oil & Gas (Virtus Oil & Gas) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Virtus Oil & Gas Corp (GREY:VOIL) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

1517 San Jacinto Street, Houston, TX, USA, 77002

Website

https://www.virtusoil.com

Virtus Oil & Gas Corp is an oil and gas exploration and development company. It is focused on the acquisition and exploration of oil and natural gas properties. The company operates Tin Cup Mesa Unit and Squaw Canyon, which are located in the Paradox Basin producing in the Upper Ismay formation. Its properties are located at in Iron County in southern Utah of the United States.

Virtus Oil & Gas (Virtus Oil & Gas) Headlines

From GuruFocus

Virtus Oil and Gas – A Punt On An Old School Oil Exploration Play

By Emerging Opportunities Emerging Opportunities • 07-20-2014

What Is Happening In Iraq Is Critical To You And What You Should Do About It

By Canadian Value Canadian Value • 07-10-2014

A Closer Look at Virtus Oil and Gas

By George Ronan George Ronan • 07-31-2014

Virtus Oil and Gas Releases Financials With $14 Million in Assets

By Marketwired Marketwired • 04-19-2018