Days Inventory is also known as Days Sales of Inventory (DSI). CKX Lands's Average Total Inventories for the
three
months ended in Dec. 2023 was $0.00 Mil. CKX Lands's Cost of Goods Sold for the
three
months ended in Dec. 2023 was $0.03 Mil.
Hence, CKX Lands's Days Inventory for the
three
months ended in Dec. 2023 was 0.00.
The historical rank and industry rank for CKX Lands's Days Inventory or its related term are showing as below:
CKX's Days Inventory is not ranked *
in the Oil & Gas industry.
Industry Median: 31.41 * Ranked among companies with meaningful Days Inventory only.
CKX Lands's Days Inventory
stayed the same
from Dec. 2022 (0.00) to Dec. 2023 (0.00).
Inventory Turnover measures how fast the company turns over its inventory within a year.
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.
CKX Lands's Inventory-to-Revenue for the
three
months ended in Dec. 2023 was 0.00.
CKX Lands Days Inventory Historical Data
The historical data trend for CKX Lands'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.
Competitive Comparison of CKX Lands's Days Inventory
For the Oil & Gas E&P subindustry, CKX Lands'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.
CKX Lands's Days Inventory Distribution in the Oil & Gas Industry
For the Oil & Gas industry and Energy sector, CKX Lands's Days Inventory distribution charts can be found below:
* The bar in red indicates where CKX Lands's Days Inventory falls into.
CKX Lands Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
CKX Lands's Days Inventory for the fiscal year that ended in Dec. 2023 is calculated as
* 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.
CKX Lands (AMEX:CKX) 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.
CKX Lands's Inventory Turnover for the
three
months ended in Dec. 2023 is calculated as
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.
CKX Lands's Inventory to Revenue for the
three
months ended in Dec. 2023 is calculated as
* 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.
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.
CKX Lands Days Inventory Related Terms
Thank you for viewing the detailed overview of CKX Lands's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
CKX Lands Inc is a Louisiana corporation organized to receive non-producing mineral royalties spun off by a southwest Louisiana bank. It operates in three segments: Oil and Gas, Surface, and Timber. The company owns land and mineral interests and collects income through its ownership in the form of oil and gas royalties, surface leases for farming, the right of way and other uses, and timber sales. The company's oil and gas royalties are paid by the operators who own the wells and timber income is paid by the highest bidder for the timber.
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