The historical rank and industry rank for Tel Offshore Trust's Days Inventory or its related term are showing as below:
TELOZ's Days Inventory is not ranked *
in the Oil & Gas industry.
Industry Median: 31.5 * Ranked among companies with meaningful Days Inventory only.
Tel Offshore Trust's Days Inventory
stayed the same
from Mar. 2016 (0.00) to Mar. 2017 (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.
Tel Offshore Trust's Inventory-to-Revenue for the
three
months ended in Mar. 2017 was 0.00.
Tel Offshore Trust Days Inventory Historical Data
The historical data trend for Tel Offshore Trust'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.
Competitive Comparison of Tel Offshore Trust's Days Inventory
For the Oil & Gas E&P subindustry, Tel Offshore Trust'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.
Tel Offshore Trust's Days Inventory Distribution in the Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Tel Offshore Trust's Days Inventory distribution charts can be found below:
* The bar in red indicates where Tel Offshore Trust's Days Inventory falls into.
Tel Offshore Trust Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Tel Offshore Trust's Days Inventory for the fiscal year that ended in Dec. 2016 is calculated as
* 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.
Tel Offshore Trust (OTCPK:TELOZ) 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.
Tel Offshore Trust's Inventory Turnover for the
three
months ended in Mar. 2017 is calculated as
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.
Tel Offshore Trust's Inventory to Revenue for the
three
months ended in Mar. 2017 is calculated as
* 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.
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.
Tel Offshore Trust Days Inventory Related Terms
Thank you for viewing the detailed overview of Tel Offshore Trust's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Tel Offshore Trust (Tel Offshore Trust) Business Description
Tel Offshore Trust was created under the laws of the State of Texas in 1983 and maintains its offices at the office of The Bank of New York Mellon Trust Company, N.A. The main asset of the Trust consists of a 99.99% interest in the TEL Offshore Trust Partnership and royalty interest in various oil and gas properties located offshore of Louisiana. The Trustees distribute the Trust's income pro rata for each calendar quarter within 10 days after the end of each calendar quarter. Distributions of the Trust's income are made to Unit holders of record on the Quarterly Record Date, which is the last business day of each quarterly period, or such later date as the Trustees determine is required to comply with legal requirements. Each Unit is evidenced by a transferable certificate issued by the Corporate Trustee. Each unit ranks equally as to distributions, has one vote on any matter submitted to Unit holders and represents an undivided interest in the Trust, which in turn owns a 99.99% interest in the Partnership. Within 90 days of the close of each year, the net federal taxable income of the Trust for each quarterly period ending in such year is reported by the Trustees for federal tax purposes to the Unit holder of record to whom the Quarterly Income Amount was distributed.
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