Mexco Energy (FRA:MZB) Days Inventory : 0.00 (As of Dec. 2023)

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What is Mexco Energy Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Mexco Energy's Average Total Inventories for the three months ended in Dec. 2023 was €0.00 Mil. Mexco Energy's Cost of Goods Sold for the three months ended in Dec. 2023 was €0.74 Mil. Hence, Mexco Energy's Days Inventory for the three months ended in Dec. 2023 was 0.00.

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

FRA:MZB's Days Inventory is not ranked ^*
in the Oil & Gas industry.
Industry Median: 31.185
* Ranked among companies with meaningful Days Inventory only.

Mexco Energy's Days Inventory stayed the same from Dec. 2022 (0.00) to Dec. 2023 (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. Mexco Energy's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.00.

Mexco Energy Days Inventory Historical Data

The historical data trend for Mexco 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.

* Premium members only.

Mexco Energy Days Inventory Chart

Mexco Energy Annual Data

Trend

Mar14

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Mar23

Days Inventory

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Mexco Energy Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Inventory	Get a 7-Day Free Trial															-	-	-	-	-

Competitive Comparison of Mexco Energy's Days Inventory

For the Oil & Gas E&P subindustry, Mexco 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.

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

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

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

Mexco Energy Days Inventory Calculation

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

Mexco Energy's Days Inventory for the fiscal year that ended in Mar. 2023 is calculated as

	Days Inventory (A: Mar. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Mar. 2022 )	+	Total Inventories (A: Mar. 2023 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2023 )	*	Days in Period
=	( (0	+	0)	/	1 )	/	3.337	*	365
=	0					/	3.337	*	365
=	0.00

Mexco Energy's Days Inventory for the quarter that ended in Dec. 2023 is calculated as:

	Days Inventory (Q: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (0	+	0)	/	1 )	/	0.735	*	365 / 4
=	0					/	0.735	*	365 / 4
=	0.00

Mexco Energy (FRA:MZB) 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.

Mexco Energy's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	0.735	/	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.

Mexco Energy's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0	/	1.519
	=	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.

Mexco Energy Days Inventory Related Terms

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Mexco Energy (FRA:MZB) Business Description

Industry

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MXC:USA

Address

415 W. Wall Street, Suite 475, Midland, TX, USA, 79701

Website

https://www.mexcoenergy.com

Mexco Energy Corporation is an independent oil and gas company. It is engaged in the exploration, development, and production of natural gas and crude oil properties located in the United States. The company carried out its operation in the Permian Basin of West Texas. It is focusing on two primary areas, the Delaware Basin located in the Western portion of the Permian Basin including Lea and Eddy Counties, New Mexico and Loving County, Texas, and the Midland Basin located in the Eastern portion of the Permian Basin including Reagan, Upton, Midland, Martin, Howard, and Glasscock Counties, Texas. The company generates revenue from Oil sales, Natural gas sales, oil and gas royalty interests.

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