CTBG (Coil Tubing Technology) Days Inventory: 0.00 (As of Sep. 2015)

What is Coil Tubing Technology Days Inventory?

Coil Tubing Technology CTBG Days Inventory is 0.00 as of Sep. 2015.

Days Inventory is also known as Days Sales of Inventory (DSI). Coil Tubing Technology's Average Total Inventories for the three months ended in Sep. 2015 was $0.00 Mil. Coil Tubing Technology's Cost of Goods Sold for the three months ended in Sep. 2015 was $0.53 Mil. Hence, Coil Tubing Technology's Days Inventory for the three months ended in Sep. 2015 was 0.00.

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

CTBG's Days Inventory is not ranked ^*
in the Oil & Gas industry.
Industry Median: 31.01
* Ranked among companies with meaningful Days Inventory only.

Coil Tubing Technology's Days Inventory stayed the same from Sep. 2014 (0.00) to Sep. 2015 (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. Coil Tubing Technology's Inventory-to-Revenue for the three months ended in Sep. 2015 was 0.00.

Coil Tubing Technology (OTCPK:CTBG) 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.

Coil Tubing Technology's Inventory Turnover for the three months ended in Sep. 2015 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	0.525	/	0
	=

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.

Coil Tubing Technology's Inventory to Revenue for the three months ended in Sep. 2015 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0	/	0.45
	=	0.00

* 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.

Coil Tubing Technology Days Inventory Related Terms

Coil Tubing Technology Days Inventory Historical Data

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The historical data trend for Coil Tubing Technology's Days Inventory can be seen below:

Coil Tubing Technology Days Inventory Chart

Coil Tubing Technology Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Days Inventory

0.00

Coil Tubing Technology Quarterly Data
	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15
Days Inventory	Get a 7-Day Free Trial											0.00	0.00	0.00	0.00	0.00

CTBG vs ESES, BMMCF, FLSS: Days Inventory Comparison

For the Oil & Gas Equipment & Services subindustry, Coil Tubing Technology'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.

Coil Tubing Technology Days Inventory vs Oil & Gas Industry

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

* The bar in red indicates where Coil Tubing Technology's Days Inventory falls into.

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Coil Tubing Technology Days Inventory Calculation

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

Coil Tubing Technology's Days Inventory for the fiscal year that ended in Dec. 2014 is calculated as

	Days Inventory (A: Dec. 2014 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2013 )	+	Total Inventories (A: Dec. 2014 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2014 )	*	Days in Period
=	( (0	+	0)	/	1 )	/	3.536	*	365
=	0					/	3.536	*	365
=	0.00

Coil Tubing Technology's Days Inventory for the quarter that ended in Sep. 2015 is calculated as:

	Days Inventory (Q: Sep. 2015 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Jun. 2015 )	+	Total Inventories (Q: Sep. 2015 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2015 )	*	Days in Period
=	( (0	+	0)	/	1 )	/	0.525	*	365 / 4
=	0					/	0.525	*	365 / 4
=	0.00

Frequently Asked Questions Learn more about Days Inventory →

What does a Days Inventory of 0.00 mean?

Coil Tubing Technology (CTBG) has a Days Inventory of 0.00 as of Sep. 2015. Days inventory represents the average amount of days a company holds inventory before selling it. View historical data on Coil Tubing Technology and its competitors.

Is Coil Tubing Technology's Days Inventory too high?

Coil Tubing Technology's current Days Inventory is 0.00.

How does Coil Tubing Technology's Days Inventory compare to ESES and BMMCF?

Coil Tubing Technology's Days Inventory of 0.00 can be compared against companies in the Oil & Gas industry. The industry median Days Inventory is 31.01. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good Days Inventory for an Oil & Gas company?

The median Days Inventory among Oil & Gas companies is 31.01, based on 685 companies in the industry. Companies in the top quartile (top 25%) have a Days Inventory significantly above this median, while those in the bottom quartile fall well below. However, Days Inventory should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.

What does a high Days Inventory mean?

A high Days Inventory can signal that a stock is expensive relative to its fundamentals. Days inventory represents the average amount of days a company holds inventory before selling it. View historical data on Coil Tubing Technology and its competitors. For the Oil & Gas industry, the median Days Inventory is 31.01 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Coil Tubing Technology's current Days Inventory is 0.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Coil Tubing Technology stock overvalued right now?

Coil Tubing Technology (CTBG) has a current Days Inventory of 0.00. The current Days Inventory is 0.00. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is Days Inventory calculated?

Days Inventory is calculated from a company's financial statements. For Coil Tubing Technology (CTBG), the current Days Inventory is 0.00 as of Sep. 2015. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Coil Tubing Technology Business Description

Industry Energy Oil & Gas

Comparable Companies TSXV:NWE ESES BMMCF TSXV:HYD FLSS BOM:526614 BSE:COMI TSXV:DAL TSX:BRY TSX:HE SGX:42D BOM:531471 BSE:UZT PKDSQ GLFH ALYE BSP:OSXB3 SGX:5OQ TSXV:ZDC SGX:5OR

Address 11237 Crown Park Drive, Suite D, Houston, TX, USA, 77067

Website https://www.coiltubingtechnology.com

Coil Tubing Technology Inc is a United States based company. The firm provides coil tubing products and service solutions to oil and gas clients. It is engaged in the development and marketing of specialty tools and related technical solutions used with coil tubing and jointed pipe in the bottomhole assembly for the exploration and production of hydrocarbons. Its products portfolio includes jet hammer tool, jet nozzle, oscillator, rotating tool, amplidyne, and ampli-max.