Delta Oil & Gas (Delta Oil & Gas) Days Inventory : 0.00 (As of Sep. 2014)

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What is Delta Oil & Gas Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Delta Oil & Gas's Average Total Inventories for the three months ended in Sep. 2014 was $0.00 Mil. Delta Oil & Gas's Cost of Goods Sold for the three months ended in Sep. 2014 was $0.03 Mil. Hence, Delta Oil & Gas's Days Inventory for the three months ended in Sep. 2014 was 0.00.

The historical rank and industry rank for Delta Oil & Gas's Days Inventory or its related term are showing as below:

DLTA's Days Inventory is not ranked ^*
in the Oil & Gas industry.
Industry Median: 31.46
* Ranked among companies with meaningful Days Inventory only.

Delta Oil & Gas's Days Inventory stayed the same from Sep. 2013 (0.00) to Sep. 2014 (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. Delta Oil & Gas's Inventory-to-Revenue for the three months ended in Sep. 2014 was 0.00.

Delta Oil & Gas Days Inventory Historical Data

The historical data trend for Delta Oil & Gas'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.

Delta Oil & Gas Days Inventory Chart

Delta Oil & Gas Annual Data

Trend

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Days Inventory

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Delta Oil & Gas Quarterly Data
	Dec09	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14
Days Inventory	Get a 7-Day Free Trial															-	-	-	-	-

Competitive Comparison of Delta Oil & Gas's Days Inventory

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

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

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

* The bar in red indicates where Delta Oil & Gas's Days Inventory falls into.

Delta Oil & Gas Days Inventory Calculation

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

Delta Oil & Gas's Days Inventory for the fiscal year that ended in Dec. 2013 is calculated as

	Days Inventory (A: Dec. 2013 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2012 )	+	Total Inventories (A: Dec. 2013 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2013 )	*	Days in Period
=	( (0	+	0)	/	1 )	/	0.113	*	365
=	0					/	0.113	*	365
=	0.00

Delta Oil & Gas's Days Inventory for the quarter that ended in Sep. 2014 is calculated as:

	Days Inventory (Q: Sep. 2014 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Jun. 2014 )	+	Total Inventories (Q: Sep. 2014 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2014 )	*	Days in Period
=	( (0	+	0)	/	1 )	/	0.027	*	365 / 4
=	0					/	0.027	*	365 / 4
=	0.00

Delta Oil & Gas (GREY:DLTA) 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.

Delta Oil & Gas's Inventory Turnover for the three months ended in Sep. 2014 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	0.027	/	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.

Delta Oil & Gas's Inventory to Revenue for the three months ended in Sep. 2014 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0	/	0.144
	=	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.

Delta Oil & Gas Days Inventory Related Terms

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

Delta Oil & Gas (Delta Oil & Gas) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Delta Oil & Gas Inc (GREY:DLTA) » Definitions » Days Inventory

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Traded in Other Exchanges

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Address

700 West Pender Street, Suite 604, Vancouver, BC, CAN, V6C 1G8

Website

http://www.deltaoilandgas.com

Delta Oil & Gas Inc is a part of the energy sector. It is an independent natural gas and oil company engaged in the exploration, development, and acquisition of natural gas and oil properties in the United States and Canada. The Company seeks to acquire and develop properties with undeveloped reserves that are economically attractive to it. Its properties include Texas Prospect, Premont Northwest Field, and King City.

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