W&T Offshore (W&T Offshore) Inventory Turnover : 0.00 (As of Dec. 2023)

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What is W&T Offshore 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. W&T Offshore's Cost of Goods Sold for the three months ended in Dec. 2023 was $40.3 Mil. W&T Offshore's Average Total Inventories for the quarter that ended in Dec. 2023 was $0.0 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. W&T Offshore'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. W&T Offshore's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.00.

W&T Offshore Inventory Turnover Historical Data

The historical data trend for W&T Offshore'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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W&T Offshore Inventory Turnover Chart

W&T Offshore Annual Data

Trend

Dec14

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Dec22

Dec23

Inventory Turnover

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W&T Offshore 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															-	-	-	-	-

W&T Offshore Inventory Turnover Calculation

W&T Offshore'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 )
=	140.927	/ (	(0	+	0)	/	1 )
=	140.927	/	0
=	N/A

W&T Offshore'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 )
=	40.278	/ (	(0	+	0)	/	1 )
=	40.278	/	0
=	N/A

W&T Offshore (NYSE:WTI) 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.

W&T Offshore'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	/	40.278	*	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.

W&T Offshore'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	/	132.34
	=	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.

W&T Offshore Inventory Turnover Related Terms

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W&T Offshore (W&T Offshore) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » W&T Offshore Inc (NYSE:WTI) » Definitions » Inventory Turnover

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UWV:Germany

Address

5718 Westheimer Road, Suite 700, Houston, TX, USA, 77057-5745

Website

https://www.wtoffshore.com

W&T Offshore Inc is an oil and gas exploration and production company. The company's exploration operations are focused in the Gulf of Mexico, where it drills for oil and gas. The company engages in both deepwater drilling and shallow-water shelf drilling. W&T Offshore extracts crude oil, natural gas, and natural gas liquids, which are then sold directly at the wellhead. Overall, crude oil accounts for the majority of the company's revenue, with natural gas accounting for a much smaller portion.

Executives

Sameer Parasnis	officer: EVP & Chief Financial Officer	1700 PACIFIC AVENUE, SUITE 2900, DALLAS TX 75201
Nancy T Chang	director	101 WESTCOTT, SUITE 603, HOUSTON TX 77007
Jonathan Charles Curth	officer: See Remarks	5847 SAN FELIPE SUITE 3000, HOUSTON TX 77057
Hartman Bart P. Iii	officer: VP and CAO	5718 WESTHEIMER RD. SUITE 700, HOUSTON TX 77057
Conwill Daniel O. Iv	director	400 POYDRAS STREET, SUITE 3100, NEW ORLEANS LA 70130
Shahid Ghauri	officer: SEE REMARKS	NINE GREENWAY PLAZA, SUITE 300, HOUSTON TX 77046
Virginia Boulet	director	909 POYDRAS ST SUITE 3600, NEW ORLEANS LA 70112
B Frank Stanley	director	NINE GREENWAY PLAZA, SUITE 300, HOUSTON TX 77046
Tracy W Krohn	director, 10 percent owner, officer: Chairman & CEO	EIGHT GREENWAY PLAZA, HOUSTON TX 77046
Stuart B Katz	director	520 MADISON AVE., NEW YORK NY 10022
William J Williford	officer: EVP and GM of Gulf of Mexico	NINE GREENWAY PLAZA, SUITE 300, HOUSTON TX 77046
David M Bump	officer: See Remarks	NINE GREENWAY PLAZA, SUITE 300, HOUSTON TX 77046
Sunghee Janet Yang	officer: SEE REMARKS	NINE GREENWAY PLAZA, SUITE 300, HOUSTON TX 77046
Stephen L Schroeder	officer: SVP & Chief Technical Officer	C/O W&T OFFSHORE, INC., EIGHT GREENWAY PLAZA, SUITE 1330, HOUSTON TX 77046
John D Gibbons	officer: SVP & Chief Financial Officer	P.O. BOX 500, SAN ANTONIO TX 78292-0500