SOC (Sable Offshore) Days Inventory : 536.83 (As of Sep. 2024)

View and export this data going back to 2021. Start your Free Trial

What is Sable Offshore Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Sable Offshore's Average Total Inventories for the three months ended in Sep. 2024 was $16.21 Mil. Sable Offshore's Cost of Goods Sold for the three months ended in Sep. 2024 was $2.76 Mil. Hence, Sable Offshore's Days Inventory for the three months ended in Sep. 2024 was 536.83.

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

SOC' s Days Inventory Range Over the Past 10 Years
Min: 0 Med: 0 Max: 1089.27
Current: 1089.27

During the past 4 years, Sable Offshore's highest Days Inventory was 1089.27. The lowest was 0.00. And the median was 0.00.

SOC's Days Inventory is ranked worse than
99.72% of 704 companies
in the Oil & Gas industry
Industry Median: 31.715 vs SOC: 1089.27

Sable Offshore's Days Inventory increased from Sep. 2023 (0.00) to Sep. 2024 (536.83). It might indicate that Sable Offshore'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. Sable Offshore's Inventory Turnover for the three months ended in Sep. 2024 was 0.17.

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.

Sable Offshore Days Inventory Historical Data

The historical data trend for Sable Offshore'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.

Sable Offshore Days Inventory Chart

Sable Offshore Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Days Inventory

Sable Offshore Quarterly Data
	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Days Inventory	Get a 7-Day Free Trial											-	-	-	556.33	536.83

Competitive Comparison of Sable Offshore's Days Inventory

For the Oil & Gas Drilling subindustry, Sable Offshore'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.

Sable Offshore's Days Inventory Distribution in the Oil & Gas Industry

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

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

Sable Offshore Days Inventory Calculation

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

Sable Offshore'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	+	0)	/	1 )	/	0	*	365
=	0					/	0	*	365
=	N/A

Sable Offshore's Days Inventory for the quarter that ended in Sep. 2024 is calculated as:

	Days Inventory (Q: Sep. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Jun. 2024 )	+	Total Inventories (Q: Sep. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
=	( (16.578	+	15.838)	/	2 )	/	2.755	*	365 / 4
=	16.208					/	2.755	*	365 / 4
=	536.83

Sable Offshore (NYSE:SOC) 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.

Sable Offshore's Inventory Turnover for the three months ended in Sep. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	2.755	/	16.208
	=	0.17

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.

Sable Offshore's Inventory to Revenue for the three months ended in Sep. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	16.208	/	0
	=

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.

Sable Offshore Days Inventory Related Terms

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

Sable Offshore Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Sable Offshore Corp (NYSE:SOC) » Definitions » Days Inventory

Comparable Companies

GAQ LCW BCSA VCXB EVE SUAC VAQC CHEA HCMA ACRO PBAJ SVMB SCRM CVII AAC GHIX ALCC AACT DWAC SAGA

Traded in Other Exchanges

N/A

Address

845 Texas Avenue, Suite 2900, Houston, TX, USA, 77002

Website

https://www.sableoffshore.com

Sable Offshore Corp is a Houston-based independent upstream company focused on responsibly developing the prolific Santa Ynez Unit in federal waters offshore California.

Executives

Global Icav Pilgrim	10 percent owner	21-23 CITY QUAY, RIVERVIEW HOUSE, DUBLIN L2 D2
Gregory Phillip Pipkin	director	11227 SMITHDALE ROAD, HOUSTON TX 77024
James C Flores	director, 10 percent owner, officer: CEO & President	P.O. BOX 1083, HOUSTON TX 77251
Pilgrim Global Advisors Llc	10 percent owner	4785 CAUGHLIN PARKWAY, RENO NV 89519
Darren Maupin	10 percent owner	C/O PILGRIM GLOBAL ADVISORS LLC, 4785 CAUGHLIN PARKWAY, RENO NV 89519
Christopher Binyon Sarofim	director	200 EAST RANDOLPH STREET, SUITE 3300, CHICAGO IL 60601
Flame Acquisition Sponsor Llc	10 percent owner	C/O FLAME ACQUISITION CORP., 700 MILAM STREET, SUITE 3300, HOUSTON TX 77002
Gregory D. Patrinely	officer: CFO & Secretary	C/O FLAME ACQUISITION CORP., 700 MILAM STREET, SUITE 3300, HOUSTON TX 77002
Michael E. Dillard	director	C/O FLAME ACQUISITION CORP., 700 MILAM STREET, SUITE 3300, HOUSTON TX 77002