Athlon Energy (FRA:28A) Days Inventory : 4.87 (As of Sep. 2014)

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What is Athlon Energy Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Athlon Energy's Average Total Inventories for the three months ended in Sep. 2014 was €1.2 Mil. Athlon Energy's Cost of Goods Sold for the three months ended in Sep. 2014 was €22.0 Mil. Hence, Athlon Energy's Days Inventory for the three months ended in Sep. 2014 was 4.87.

The historical rank and industry rank for Athlon Energy's Days Inventory or its related term are showing as below:

FRA:28A' s Days Inventory Range Over the Past 10 Years
Min: 5.02 Med: 7.86 Max: 9
Current: 5.02

During the past 3 years, Athlon Energy's highest Days Inventory was 9.00. The lowest was 5.02. And the median was 7.86.

FRA:28A's Days Inventory is not ranked
in the Oil & Gas industry.
Industry Median: 32.125 vs FRA:28A: 5.02

Athlon Energy's Days Inventory declined from Sep. 2013 (6.35) to Sep. 2014 (4.87).

Inventory Turnover measures how fast the company turns over its inventory within a year. Athlon Energy's Inventory Turnover for the three months ended in Sep. 2014 was 18.72.

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. Athlon Energy's Inventory-to-Revenue for the three months ended in Sep. 2014 was 0.01.

Athlon Energy Days Inventory Historical Data

The historical data trend for Athlon Energy'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.

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Athlon Energy Days Inventory Chart

Athlon Energy Annual Data

Trend

Dec11

Dec12

Dec13

Days Inventory

15.19

9.00

6.86

Athlon Energy Quarterly Data
	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14
Days Inventory	Get a 7-Day Free Trial			6.35	5.58	4.67	3.93	4.87

Competitive Comparison of Athlon Energy's Days Inventory

For the Oil & Gas E&P subindustry, Athlon Energy'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.

Athlon Energy's Days Inventory Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Athlon Energy's Days Inventory falls into.

Athlon Energy Days Inventory Calculation

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

Athlon Energy'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
=	( (0.779	+	0.677)	/	2 )	/	38.723	*	365
=	0.728					/	38.723	*	365
=	6.86

Athlon Energy'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
=	( (0.866	+	1.482)	/	2 )	/	21.98	*	365 / 4
=	1.174					/	21.98	*	365 / 4
=	4.87

Athlon Energy (FRA:28A) 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.

Athlon Energy's Inventory Turnover for the three months ended in Sep. 2014 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	21.98	/	1.174
	=	18.72

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.

Athlon Energy's Inventory to Revenue for the three months ended in Sep. 2014 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	1.174	/	128.848
	=	0.01

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.

Athlon Energy Days Inventory Related Terms

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

Athlon Energy (FRA:28A) Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

http://www.athlonenergy.com

Athlon Energy Inc was founded in August 2010 and formed on April 1, 2013 as a Delaware corporation. The Company is an independent exploration and production company engaged in the acquisition, development, and exploitation of unconventional oil and liquids-rich natural gas reserves in the Permian Basin. The Permian Basin spans portions of Texas and New Mexico and is composed of three primary sub-basins: the Delaware Basin, the Central Basin Platform, and the Midland Basin. All of the properties are located in the Midland Basin. The Company's drilling activity is primarily engaged in the low-risk vertical development of stacked pay zones, including the Clearfork, Spraberry, Wolfcamp, Cline, Strawn, Atoka, and Mississippian formations, referred to as the Wolfberry play, and horizontal development of the Wolfcamp. As of December 31, 2013, it had identified 2,232 gross vertical drilling locations on 40-acre spacing and an additional 2,616 gross vertical drilling locations on 20-acre spacing. Only 659 gross of these potential vertical drilling locations were booked as proved undeveloped reserves. As of December 31, 2013, it had also identified 1,065 gross horizontal drilling locations targeting Wolfcamp A, Wolfcamp B, Wolfcamp C, and Cline intervals, which comprise 327 gross, 362 gross, 136 gross, and 240 gross locations, respectively. Its acreage position was 127,840 gross acres at December 31, 2013. As of December 31, 2013, it had 127.3 MMBOE of proved reserves, comprised of 71.2 MMBbls of oil, 30.7 MMBbls of NGLs, and 152.2 Bcf of natural gas. The Company's facilities located at well locations include field gathering systems, storage tank batteries, saltwater disposal systems, oil/gas/water separation equipment, and pumping units. It owns 10 saltwater disposal systems with over 45,700 barrels of water per day capacity and access to over 144 fresh water supply wells throughout its acreage.

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