Parex Resources (FRA:QPX) Change In Inventory : €0 Mil (TTM As of Mar. 2024)

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What is Parex Resources Change In Inventory?

Parex Resources's change in inventory for the quarter that ended in Mar. 2024 was €0 Mil. It means Parex Resources's inventory stayed the same from Dec. 2023 to Mar. 2024 .

Parex Resources's change in inventory for the fiscal year that ended in Dec. 2023 was €0 Mil. It means Parex Resources's inventory stayed the same from Dec. 2022 to Dec. 2023 .

Parex Resources's Total Inventories for the quarter that ended in Mar. 2024 was €8 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Parex Resources's Days Inventory for the quarter that ended in Mar. 2024 was 3.25.

Inventory Turnover measures how fast the company turns over its inventory within a year. Parex Resources's Inventory Turnover for the quarter that ended in Mar. 2024 was 28.11.

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. Parex Resources's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.02.

Parex Resources Change In Inventory Historical Data

The historical data trend for Parex Resources's Change In Inventory 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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Parex Resources Change In Inventory Chart

Parex Resources Annual Data

Trend

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Change In Inventory

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Parex Resources Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Change In Inventory	Get a 7-Day Free Trial															-	-	-	-	-

Parex Resources Change In Inventory Calculation

Change In Inventory is the difference between last period's ending inventory and the current period's ending inventory.

Change In Inventory for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was €0 Mil.

Parex Resources (FRA:QPX) Change In Inventory Explanation

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

Parex Resources's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	5.9355	/	166.828	*	365 / 4
	=	3.25

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

Parex Resources's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	166.828	/	5.9355
	=	28.11

3. 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.

Parex Resources's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	5.9355	/	309.781
	=	0.02

Parex Resources Change In Inventory Related Terms

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Parex Resources (FRA:QPX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Parex Resources Inc (FRA:QPX) » Definitions » Change In Inventory

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PARXF:USA PXT:Canada

Address

2700 Eighth Avenue Place, West Tower, 585 - 8th Avenue SW, Calgary, AB, CAN, T2P 1G1

Website

https://www.parexresources.com

Parex Resources Inc engages in exploration, development, and production of crude oil. The company brings technology utilized in the Western Canada Sedimentary Basin to South American basins with large oil-in-place potential. Majority of the company's properties are focused in Colombia, where it pays a royalty or tax to the government for its operations. Parex depends on a team of geologists and geophysicists, in partnership with technologies such as 3D seismic surveying, to help exploration efforts. Oil production is sold to a small basket of participants in South and North America.

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