New Zealand Energy (New Zealand Energy) Change In Inventory : $0.00 Mil (TTM As of Mar. 2024)

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What is New Zealand Energy Change In Inventory?

New Zealand Energy's change in inventory for the quarter that ended in Mar. 2024 was $-0.02 Mil. It means New Zealand Energy's inventory increased by $0.02 Mil from Dec. 2023 to Mar. 2024 .

New Zealand Energy's change in inventory for the fiscal year that ended in Dec. 2023 was $0.00 Mil. It means New Zealand Energy's inventory declined by $0.00 Mil from Dec. 2022 to Dec. 2023 .

New Zealand Energy's Total Inventories for the quarter that ended in Mar. 2024 was $0.49 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. New Zealand Energy's Days Inventory for the quarter that ended in Mar. 2024 was 165.33.

Inventory Turnover measures how fast the company turns over its inventory within a year. New Zealand Energy's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.55.

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. New Zealand Energy's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 2.02.

New Zealand Energy Change In Inventory Historical Data

The historical data trend for New Zealand Energy'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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New Zealand Energy Change In Inventory Chart

New Zealand Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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0.11

-0.06

0.34

-0.03

New Zealand Energy 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															-0.02	0.12	-0.10	-	-0.02

New Zealand Energy 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 $0.00 Mil.

New Zealand Energy (OTCPK:NZERF) Change In Inventory Explanation

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

New Zealand Energy's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	0.4765	/	0.263	*	365 / 4
	=	165.33

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

New Zealand Energy's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	0.263	/	0.4765
	=	0.55

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.

New Zealand Energy's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0.4765	/	0.236
	=	2.02

New Zealand Energy Change In Inventory Related Terms

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New Zealand Energy (New Zealand Energy) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » New Zealand Energy Corp (OTCPK:NZERF) » Definitions » Change In Inventory

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NZ:Canada

Address

119-125 Devon Street East, P.O. Box 8440, Level 2, New Plymouth, NTL, NZL, 4310

Website

https://www.newzealandenergy.com

New Zealand Energy Corp is engaged in the exploration and production of oil and natural gas, as well as the operation of midstream assets. The company conducts its business as a single operating segment being the acquisition, exploration, development, and production of conventional oil and natural gas resources. Geographically, it operates through the region of New Zealand. It generates most of its revenues from Oil sales.

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