Renergen (ASX:RLT) Days Inventory : 11.55 (As of Aug. 2023)

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What is Renergen Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Renergen's Average Total Inventories for the six months ended in Aug. 2023 was A$0.07 Mil. Renergen's Cost of Goods Sold for the six months ended in Aug. 2023 was A$1.07 Mil. Hence, Renergen's Days Inventory for the six months ended in Aug. 2023 was 11.55.

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

ASX:RLT' s Days Inventory Range Over the Past 10 Years
Min: 6.18 Med: 6.18 Max: 14.91
Current: 14.91

During the past 7 years, Renergen's highest Days Inventory was 14.91. The lowest was 6.18. And the median was 6.18.

ASX:RLT's Days Inventory is ranked better than
70% of 730 companies
in the Oil & Gas industry
Industry Median: 31.41 vs ASX:RLT: 14.91

Renergen's Days Inventory increased from Aug. 2022 (0.00) to Aug. 2023 (11.55). It might indicate that Renergen's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Renergen's Inventory Turnover for the six months ended in Aug. 2023 was 15.81.

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. Renergen's Inventory-to-Revenue for the six months ended in Aug. 2023 was 0.03.

Renergen Days Inventory Historical Data

The historical data trend for Renergen'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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Renergen Days Inventory Chart

Renergen Annual Data

Trend

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Days Inventory

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6.22

Renergen Semi-Annual Data
	Aug16	Feb17	Aug17	Feb18	Aug18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Feb22	Aug22	Feb23	Aug23
Days Inventory	Get a 7-Day Free Trial										135.96	122.77	-	3.80	11.55

Competitive Comparison of Renergen's Days Inventory

For the Oil & Gas E&P subindustry, Renergen'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.

Renergen's Days Inventory Distribution in the Oil & Gas Industry

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

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

Renergen Days Inventory Calculation

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

Renergen's Days Inventory for the fiscal year that ended in Feb. 2023 is calculated as

	Days Inventory (A: Feb. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Feb. 2022 )	+	Total Inventories (A: Feb. 2023 ))	/	count )	/	Cost of Goods Sold (A: Feb. 2023 )	*	Days in Period
=	( (0	+	0.012)	/	1 )	/	0.704	*	365
=	0.012					/	0.704	*	365
=	6.22

Renergen's Days Inventory for the quarter that ended in Aug. 2023 is calculated as:

	Days Inventory (Q: Aug. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Feb. 2023 )	+	Total Inventories (Q: Aug. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Aug. 2023 )	*	Days in Period
=	( (0.012	+	0.123)	/	2 )	/	1.067	*	365 / 2
=	0.0675					/	1.067	*	365 / 2
=	11.55

Renergen (ASX:RLT) 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.

Renergen's Inventory Turnover for the six months ended in Aug. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	1.067	/	0.0675
	=	15.81

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.

Renergen's Inventory to Revenue for the six months ended in Aug. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0.0675	/	1.951
	=	0.03

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.

Renergen Days Inventory Related Terms

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

Renergen (ASX:RLT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Renergen Ltd (ASX:RLT) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

REN:South Africa RGNTF:USA RGNNF:USA 9960:Germany

Address

1 Bompas Road, First Floor, Dunkeld West, Johannesburg, ZAF, 2196

Website

https://www.renergen.co.za

Renergen Ltd is an investment holding company focused on the alternative and renewable energy sectors in South Africa and sub-Saharan Africa. It has two reportable segments namely Corporate Head office where all investment decisions are made; and Tetra4 Proprietary Ltd which explores, develops, and sells compressed natural gas to the South African market.

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