Norse Energy ASA (OSL:NEC) Days Inventory : 0.00 (As of Sep. 2013)

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What is Norse Energy ASA Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Norse Energy ASA's Average Total Inventories for the three months ended in Sep. 2013 was kr0.00 Mil. Norse Energy ASA's Cost of Goods Sold for the three months ended in Sep. 2013 was kr0.07 Mil. Hence, Norse Energy ASA's Days Inventory for the three months ended in Sep. 2013 was 0.00.

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

During the past 9 years, Norse Energy ASA's highest Days Inventory was 6.75. The lowest was 0.00. And the median was 4.38.

OSL:NEC's Days Inventory is not ranked ^*
in the Oil & Gas industry.
Industry Median: 31.29
* Ranked among companies with meaningful Days Inventory only.

Norse Energy ASA's Days Inventory stayed the same from Sep. 2012 (0.00) to Sep. 2013 (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. Norse Energy ASA's Inventory-to-Revenue for the three months ended in Sep. 2013 was 0.00.

Norse Energy ASA Days Inventory Historical Data

The historical data trend for Norse Energy ASA'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.

Norse Energy ASA Days Inventory Chart

Norse Energy ASA Annual Data

Trend

Dec04

Dec05

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Days Inventory

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1.87

1.31

Norse Energy ASA Quarterly Data
	Dec08	Mar09	Jun09	Sep09	Dec09	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13
Days Inventory	Get a 7-Day Free Trial															-	-	-	-	-

Competitive Comparison of Norse Energy ASA's Days Inventory

For the Oil & Gas E&P subindustry, Norse Energy ASA'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.

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

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

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

Norse Energy ASA Days Inventory Calculation

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

Norse Energy ASA's Days Inventory for the fiscal year that ended in Dec. 2012 is calculated as

	Days Inventory (A: Dec. 2012 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2011 )	+	Total Inventories (A: Dec. 2012 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2012 )	*	Days in Period
=	( (0	+	0)	/	1 )	/	0.527	*	365
=	0					/	0.527	*	365
=	0.00

Norse Energy ASA's Days Inventory for the quarter that ended in Sep. 2013 is calculated as:

	Days Inventory (Q: Sep. 2013 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Jun. 2013 )	+	Total Inventories (Q: Sep. 2013 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2013 )	*	Days in Period
=	( (0	+	0)	/	1 )	/	0.071	*	365 / 4
=	0					/	0.071	*	365 / 4
=	0.00

Norse Energy ASA (OSL:NEC) 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.

Norse Energy ASA's Inventory Turnover for the three months ended in Sep. 2013 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	0.071	/	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.

Norse Energy ASA's Inventory to Revenue for the three months ended in Sep. 2013 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0	/	0.119
	=	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.

Norse Energy ASA Days Inventory Related Terms

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

Norse Energy ASA (OSL:NEC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Norse Energy Corp. ASA (OSL:NEC) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

Munkedamsveien 35, 3rd floor, P.O. Box 1903, Oslo, NOR, 0250

Website

http://www.northernoil.no

Norse Energy Corp ASA and its subsidiaries are engaged in the acquisition, exploration and development of oil and natural gas properties in the US.

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