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

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What is Coil Tubing Technology Days Inventory?

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: 31.94
* 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 Days Inventory Historical Data

The historical data trend for Coil Tubing Technology'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.

* Premium members only.

Coil Tubing Technology Days Inventory Chart

Coil Tubing Technology Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Days Inventory

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											-	-	-	-	-

Competitive Comparison of Coil Tubing Technology's Days Inventory

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's Days Inventory Distribution in the 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.

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

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

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

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

Coil Tubing Technology (Coil Tubing Technology) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Coil Tubing Technology Inc (OTCPK:CTBG) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

22305 Gosling Road, Spring, TX, USA, 77389

Website

http://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.

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