Santos (FRA:STS1) Days Inventory : 91.93 (As of Jun. 2024)

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What is Santos Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Santos's Average Total Inventories for the six months ended in Jun. 2024 was €397 Mil. Santos's Cost of Goods Sold for the six months ended in Jun. 2024 was €788 Mil. Hence, Santos's Days Inventory for the six months ended in Jun. 2024 was 91.93.

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

FRA:STS1' s Days Inventory Range Over the Past 10 Years
Min: 59.59 Med: 71.4 Max: 116.72
Current: 90.14

During the past 13 years, Santos's highest Days Inventory was 116.72. The lowest was 59.59. And the median was 71.40.

FRA:STS1's Days Inventory is ranked worse than
82.81% of 704 companies
in the Oil & Gas industry
Industry Median: 31.715 vs FRA:STS1: 90.14

Santos's Days Inventory declined from Jun. 2023 (93.52) to Jun. 2024 (91.93).

Inventory Turnover measures how fast the company turns over its inventory within a year. Santos's Inventory Turnover for the six months ended in Jun. 2024 was 1.99.

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. Santos's Inventory-to-Revenue for the six months ended in Jun. 2024 was 0.15.

Santos Days Inventory Historical Data

The historical data trend for Santos'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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Santos Days Inventory Chart

Santos Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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61.96

69.23

70.68

69.81

90.60

Santos Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Days Inventory	Get a 7-Day Free Trial															73.29	76.17	93.52	88.97	91.93

Competitive Comparison of Santos's Days Inventory

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

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

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

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

Santos Days Inventory Calculation

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

Santos's Days Inventory for the fiscal year that ended in Dec. 2023 is calculated as

	Days Inventory (A: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (418.192	+	405.314)	/	2 )	/	1658.853	*	365
=	411.753					/	1658.853	*	365
=	90.60

Santos's Days Inventory for the quarter that ended in Jun. 2024 is calculated as:

	Days Inventory (Q: Jun. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Jun. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2024 )	*	Days in Period
=	( (405.314	+	388.322)	/	2 )	/	787.792	*	365 / 2
=	396.818					/	787.792	*	365 / 2
=	91.93

Santos (FRA:STS1) 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.

Santos's Inventory Turnover for the six months ended in Jun. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	787.792	/	396.818
	=	1.99

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.

Santos's Inventory to Revenue for the six months ended in Jun. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	396.818	/	2561.253
	=	0.15

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.

Santos Days Inventory Related Terms

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

Santos Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Santos Ltd (FRA:STS1) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

STOSF:USA SSLZY:USA STS1:Germany STS1:Germany STO:Australia

Address

60 Flinders Street, Ground Floor Santos Centre, Adelaide, SA, AUS, 5000

Website

https://www.santos.com

Santos was founded in 1954. The company's name is an acronym for South Australia Northern Territory Oil Search. The first Cooper Basin gas discovery came in 1963, with initial supplies in 1969. Santos became a major enterprise, though over-reliance on the Cooper Basin, along with the Moomba field's inexorable decline, saw it struggle to maintain relevance in the first decade of the 21st century. However, the stage was set for a renaissance via conversion of coal seam gas into LNG in Queensland and conventional gas to LNG in PNG.

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