Valiant Petroleum (LSE:VPP) Days Inventory : 31.20 (As of Jun. 2012)

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What is Valiant Petroleum Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Valiant Petroleum's Average Total Inventories for the six months ended in Jun. 2012 was £5.0 Mil. Valiant Petroleum's Cost of Goods Sold for the six months ended in Jun. 2012 was £29.5 Mil. Hence, Valiant Petroleum's Days Inventory for the six months ended in Jun. 2012 was 31.20.

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

LSE:VPP's Days Inventory is not ranked ^*
in the Oil & Gas industry.
Industry Median: 32.07
* Ranked among companies with meaningful Days Inventory only.

Valiant Petroleum's Days Inventory declined from Jun. 2011 (75.75) to Jun. 2012 (31.20).

Inventory Turnover measures how fast the company turns over its inventory within a year. Valiant Petroleum's Inventory Turnover for the six months ended in Jun. 2012 was 5.85.

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. Valiant Petroleum's Inventory-to-Revenue for the six months ended in Jun. 2012 was 0.08.

Valiant Petroleum Days Inventory Historical Data

The historical data trend for Valiant Petroleum'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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Valiant Petroleum Days Inventory Chart

Valiant Petroleum Annual Data

Trend

Sep06

Sep07

Dec08

Dec09

Dec10

Dec11

Days Inventory

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30.66

73.33

53.97

Valiant Petroleum Semi-Annual Data
	Mar08	Jun09	Dec09	Jun10	Dec10	Jun11	Dec11	Jun12
Days Inventory	Get a 7-Day Free Trial			50.32	84.19	75.75	24.04	31.20

Competitive Comparison of Valiant Petroleum's Days Inventory

For the Oil & Gas E&P subindustry, Valiant Petroleum'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.

Valiant Petroleum's Days Inventory Distribution in the Oil & Gas Industry

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

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

Valiant Petroleum Days Inventory Calculation

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

Valiant Petroleum's Days Inventory for the fiscal year that ended in Dec. 2011 is calculated as

	Days Inventory (A: Dec. 2011 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2010 )	+	Total Inventories (A: Dec. 2011 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2011 )	*	Days in Period
=	( (22.954	+	4.314)	/	2 )	/	92.211	*	365
=	13.634					/	92.211	*	365
=	53.97

Valiant Petroleum's Days Inventory for the quarter that ended in Jun. 2012 is calculated as:

	Days Inventory (Q: Jun. 2012 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Dec. 2011 )	+	Total Inventories (Q: Jun. 2012 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2012 )	*	Days in Period
=	( (4.314	+	5.762)	/	2 )	/	29.47	*	365 / 2
=	5.038					/	29.47	*	365 / 2
=	31.20

Valiant Petroleum (LSE:VPP) 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.

Valiant Petroleum's Inventory Turnover for the six months ended in Jun. 2012 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	29.47	/	5.038
	=	5.85

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.

Valiant Petroleum's Inventory to Revenue for the six months ended in Jun. 2012 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	5.038	/	60.546
	=	0.08

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.

Valiant Petroleum Days Inventory Related Terms

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Valiant Petroleum (LSE:VPP) Business Description

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