Days Inventory is also known as Days Sales of Inventory (DSI). EnQuest's Average Total Inventories for the
six
months ended in Dec. 2023 was $83 Mil. EnQuest's Cost of Goods Sold for the
six
months ended in Dec. 2023 was $464 Mil.
Hence, EnQuest's Days Inventory for the
six
months ended in Dec. 2023 was 32.84.
The historical rank and industry rank for EnQuest's Days Inventory or its related term are showing as below:
ENQUF'
s Days Inventory Range Over the Past 10 Years
Min: 21.78 Med: 33.23 Max: 51.3
Current: 31.63
During the past 13 years, EnQuest's highest Days Inventory was 51.30. The lowest was 21.78. And the median was 33.23.
ENQUF's Days Inventory is ranked worse than 50.82% of 728
companies
in the Oil & Gas industry
Industry Median: 31.185
vs ENQUF: 31.63
EnQuest's Days Inventory
increased
from Dec. 2022 (24.72) to Dec. 2023 (32.84).
It might indicate that EnQuest's sales slowed down.
Inventory Turnover measures how fast the company turns over its inventory within a year.
EnQuest's Inventory Turnover for the
six
months ended in Dec. 2023 was 5.56.
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.
EnQuest's Inventory-to-Revenue for the
six
months ended in Dec. 2023 was 0.12.
EnQuest Days Inventory Historical Data
The historical data trend for EnQuest'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 EnQuest's Days Inventory
For the Oil & Gas E&P subindustry, EnQuest'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.
EnQuest's Days Inventory Distribution in the Oil & Gas Industry
For the Oil & Gas industry and Energy sector, EnQuest's Days Inventory distribution charts can be found below:
* The bar in red indicates where EnQuest's Days Inventory falls into.
EnQuest Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
EnQuest'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.
EnQuest (OTCPK:ENQUF) 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.
EnQuest's Inventory Turnover for the
six
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.
EnQuest's Inventory to Revenue for the
six
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.
EnQuest Days Inventory Related Terms
Thank you for viewing the detailed overview of EnQuest's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
EnQuest PLC is a UK independent producer of oil and gas. The principal activities of the company and its subsidiaries are the exploration for, and extraction and production of, hydrocarbons in the UK Continental Shelf and Malaysia. It focuses on maturing assets and undeveloped oil fields. Its geographical segments include the North Sea and Malaysia. The company generates maximum revenue from the North Sea.
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