Cooper Energy (ASX:COE) Days Inventory : 5.11 (As of Dec. 2023)

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What is Cooper Energy Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Cooper Energy's Average Total Inventories for the six months ended in Dec. 2023 was A$1.8 Mil. Cooper Energy's Cost of Goods Sold for the six months ended in Dec. 2023 was A$62.5 Mil. Hence, Cooper Energy's Days Inventory for the six months ended in Dec. 2023 was 5.11.

The historical rank and industry rank for Cooper Energy's Days Inventory or its related term are showing as below:

ASX:COE' s Days Inventory Range Over the Past 10 Years
Min: 2.09 Med: 4.5 Max: 36.39
Current: 4.93

During the past 13 years, Cooper Energy's highest Days Inventory was 36.39. The lowest was 2.09. And the median was 4.50.

ASX:COE's Days Inventory is ranked better than
88.2% of 729 companies
in the Oil & Gas industry
Industry Median: 31.46 vs ASX:COE: 4.93

Cooper Energy's Days Inventory increased from Dec. 2022 (3.98) to Dec. 2023 (5.11). It might indicate that Cooper Energy's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Cooper Energy's Inventory Turnover for the six months ended in Dec. 2023 was 35.70.

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. Cooper Energy's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.02.

Cooper Energy Days Inventory Historical Data

The historical data trend for Cooper Energy's Days 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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Cooper Energy Days Inventory Chart

Cooper Energy Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Days Inventory

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3.73

4.20

2.75

2.09

4.33

Cooper Energy Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Inventory	Get a 7-Day Free Trial															2.05	2.17	3.98	5.34	5.11

Competitive Comparison of Cooper Energy's Days Inventory

For the Oil & Gas E&P subindustry, Cooper Energy's Days Inventory, along with its competitors' market caps and Days Inventory data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Cooper Energy's Days Inventory Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Cooper Energy's Days Inventory distribution charts can be found below:

* The bar in red indicates where Cooper Energy's Days Inventory falls into.

Cooper Energy Days Inventory Calculation

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

Cooper Energy's Days Inventory for the fiscal year that ended in Jun. 2023 is calculated as

	Days Inventory (A: Jun. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Jun. 2022 )	+	Total Inventories (A: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (A: Jun. 2023 )	*	Days in Period
=	( (0.841	+	2.182)	/	2 )	/	127.526	*	365
=	1.5115					/	127.526	*	365
=	4.33

Cooper Energy's Days Inventory for the quarter that ended in Dec. 2023 is calculated as:

	Days Inventory (Q: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Jun. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (2.182	+	1.32)	/	2 )	/	62.513	*	365 / 2
=	1.751					/	62.513	*	365 / 2
=	5.11

Cooper Energy (ASX:COE) Days Inventory Explanation

Days Inventory indicates the liquidity of the inventory. Generally, a lower Days Inventory is preferred as it indicates a shorter duration to clear off the inventory. An increase of the ratio may indicate the company's sales slowed. Similar ratios related to Days Inventory are:

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

Cooper Energy's Inventory Turnover for the six months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	62.513	/	1.751
	=	35.70

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.

Cooper Energy's Inventory to Revenue for the six months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	1.751	/	105.864
	=	0.02

Be Aware

A lot of business are seasonable. It makes more sense to compare Days Inventory from the same period in the previous year instead of from the previous quarter.

Cooper Energy Days Inventory Related Terms

Thank you for viewing the detailed overview of Cooper Energy's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.

Cooper Energy (ASX:COE) Business Description

Industry

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COPJF:USA CDP:Germany

Address

70 Franklin Street, Level 8, Adelaide, SA, AUS, 5000

Website

https://www.cooperenergy.com.au

Cooper Energy Ltd is an upstream gas and oil exploration and production company whose primary purpose is to secure, find, develop, produce and sell hydrocarbons. It is engaged in the discovery, commercialisation, and sale of gas to southeast Australia and low-cost Cooper Basin oil production. Its segments are Cooper Basin; South-East Australia and Other. The company derives a majority of its revenue from South East Australia. The company projects include Sole Gas and Manta Project in Southeast Australia.