New Zealand Energy (New Zealand Energy) Days Inventory : 122.92 (As of Dec. 2023)

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What is New Zealand Energy Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). New Zealand Energy's Average Total Inventories for the three months ended in Dec. 2023 was $0.49 Mil. New Zealand Energy's Cost of Goods Sold for the three months ended in Dec. 2023 was $0.36 Mil. Hence, New Zealand Energy's Days Inventory for the three months ended in Dec. 2023 was 122.92.

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

NZERF' s Days Inventory Range Over the Past 10 Years
Min: 30.17 Med: 72.3 Max: 436.09
Current: 102.93

During the past 13 years, New Zealand Energy's highest Days Inventory was 436.09. The lowest was 30.17. And the median was 72.30.

NZERF's Days Inventory is ranked worse than
85.58% of 728 companies
in the Oil & Gas industry
Industry Median: 31.185 vs NZERF: 102.93

New Zealand Energy's Days Inventory increased from Dec. 2022 (88.78) to Dec. 2023 (122.92). It might indicate that New Zealand Energy's sales slowed down.

Warning Sign:

If a company builds up inventory, it may mean it is having difficulties selling its goods.

Inventory Turnover measures how fast the company turns over its inventory within a year. New Zealand Energy's Inventory Turnover for the three months ended in Dec. 2023 was 0.74.

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. New Zealand Energy's Inventory-to-Revenue for the three months ended in Dec. 2023 was 2.78.

New Zealand Energy Days Inventory Historical Data

The historical data trend for New Zealand 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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New Zealand Energy Days Inventory Chart

New Zealand Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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40.85

66.33

55.19

79.64

102.01

New Zealand 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															88.78	98.21	75.33	133.59	122.92

Competitive Comparison of New Zealand Energy's Days Inventory

For the Oil & Gas E&P subindustry, New Zealand 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.

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

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

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

New Zealand Energy Days Inventory Calculation

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

New Zealand 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
=	( (0.487	+	0.466)	/	2 )	/	1.705	*	365
=	0.4765					/	1.705	*	365
=	102.01

New Zealand 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
=	( (0.512	+	0.466)	/	2 )	/	0.363	*	365 / 4
=	0.489					/	0.363	*	365 / 4
=	122.92

New Zealand Energy (OTCPK:NZERF) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	0.363	/	0.489
	=	0.74

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0.489	/	0.176
	=	2.78

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.

New Zealand Energy Days Inventory Related Terms

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

New Zealand Energy (New Zealand Energy) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » New Zealand Energy Corp (OTCPK:NZERF) » Definitions » Days Inventory

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Traded in Other Exchanges

NZ:Canada

Address

119-125 Devon Street East, P.O. Box 8440, Level 2, New Plymouth, NTL, NZL, 4310

Website

https://www.newzealandenergy.com

New Zealand Energy Corp is engaged in the exploration and production of oil and natural gas, as well as the operation of midstream assets. The company conducts its business as a single operating segment being the acquisition, exploration, development, and production of conventional oil and natural gas resources. Geographically, it operates through the region of New Zealand. It generates most of its revenues from Oil sales.

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