Serica Energy (LSE:SQZ) Days Inventory : 11.19 (As of Dec. 2023)

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What is Serica Energy Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Serica Energy's Average Total Inventories for the six months ended in Dec. 2023 was £10.2 Mil. Serica Energy's Cost of Goods Sold for the six months ended in Dec. 2023 was £165.6 Mil. Hence, Serica Energy's Days Inventory for the six months ended in Dec. 2023 was 11.19.

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

LSE:SQZ' s Days Inventory Range Over the Past 10 Years
Min: 6.74 Med: 12.45 Max: 53.73
Current: 9.07

During the past 13 years, Serica Energy's highest Days Inventory was 53.73. The lowest was 6.74. And the median was 12.45.

LSE:SQZ's Days Inventory is ranked better than
80.71% of 731 companies
in the Oil & Gas industry
Industry Median: 31.81 vs LSE:SQZ: 9.07

Serica Energy's Days Inventory increased from Dec. 2022 (5.90) to Dec. 2023 (11.19). It might indicate that Serica Energy's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Serica Energy's Inventory Turnover for the six months ended in Dec. 2023 was 16.31.

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. Serica Energy's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.03.

Serica Energy Days Inventory Historical Data

The historical data trend for Serica 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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Serica Energy Days Inventory Chart

Serica Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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9.92

13.21

12.45

6.74

8.33

Serica Energy Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Inventory	Get a 7-Day Free Trial															11.36	9.07	5.90	7.63	11.19

Competitive Comparison of Serica Energy's Days Inventory

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

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

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

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

Serica Energy Days Inventory Calculation

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

Serica Energy'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
=	( (3.998	+	10.888)	/	2 )	/	326.064	*	365
=	7.443					/	326.064	*	365
=	8.33

Serica 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: Jun. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (9.417	+	10.888)	/	2 )	/	165.578	*	365 / 2
=	10.1525					/	165.578	*	365 / 2
=	11.19

Serica Energy (LSE:SQZ) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	165.578	/	10.1525
	=	16.31

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	10.1525	/	292.018
	=	0.03

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.

Serica Energy Days Inventory Related Terms

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

Serica Energy (LSE:SQZ) Business Description

Industry

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Traded in Other Exchanges

SQZZF:USA SQZ.GB:UK A3P:Germany

Address

48 George Street, London, GBR, W1U 7DY

Website

https://www.serica-energy.com

Serica Energy PLC is an independent upstream oil and gas company with operations centered on the UK North Sea with a range of exploration and production assets. The company operates the Bruce, Keith, and Rhum fields in the UK Northern North Sea. It also operates the Columbus Field, Triton FPSO, and the Mansell field as well as holding an interest in the Erskine field in the Central North Sea.

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