Tenth Avenue Petroleum (TSXV:TPC) Days Inventory : 0.00 (As of Sep. 2024)

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What is Tenth Avenue Petroleum Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Tenth Avenue Petroleum's Average Total Inventories for the three months ended in Sep. 2024 was C$0.00 Mil. Tenth Avenue Petroleum's Cost of Goods Sold for the three months ended in Sep. 2024 was C$0.71 Mil. Hence, Tenth Avenue Petroleum's Days Inventory for the three months ended in Sep. 2024 was 0.00.

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

TSXV:TPC's Days Inventory is not ranked ^*
in the Oil & Gas industry.
Industry Median: 31.715
* Ranked among companies with meaningful Days Inventory only.

Tenth Avenue Petroleum's Days Inventory stayed the same from Sep. 2023 (0.00) to Sep. 2024 (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. Tenth Avenue Petroleum's Inventory-to-Revenue for the three months ended in Sep. 2024 was 0.00.

Tenth Avenue Petroleum Days Inventory Historical Data

The historical data trend for Tenth Avenue 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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Tenth Avenue Petroleum Days Inventory Chart

Tenth Avenue Petroleum Annual Data

Trend

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Days Inventory

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Tenth Avenue Petroleum Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Days Inventory	Get a 7-Day Free Trial															-	-	-	-	-

Competitive Comparison of Tenth Avenue Petroleum's Days Inventory

For the Oil & Gas E&P subindustry, Tenth Avenue 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.

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

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

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

Tenth Avenue Petroleum Days Inventory Calculation

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

Tenth Avenue Petroleum'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 )	/	4.026	*	365
=	0					/	4.026	*	365
=	0.00

Tenth Avenue Petroleum'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
=	( (0	+	0)	/	1 )	/	0.705	*	365 / 4
=	0					/	0.705	*	365 / 4
=	0.00

Tenth Avenue Petroleum (TSXV:TPC) 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.

Tenth Avenue Petroleum's Inventory Turnover for the three months ended in Sep. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	0.705	/	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.

Tenth Avenue Petroleum's Inventory to Revenue for the three months ended in Sep. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0	/	0.687
	=	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.

Tenth Avenue Petroleum Days Inventory Related Terms

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

Tenth Avenue Petroleum Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Tenth Avenue Petroleum Corp (TSXV:TPC) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

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Address

188 - 15th Avenue SW, Suite 2003, Calgary, AB, CAN, T2R 1S4

Website

https://www.tenthavenuepetroleum.com

Tenth Avenue Petroleum Corp is a junior oil and gas exploration, production and development company. It explores and develops petroleum and natural gas properties in Western Canada. The company generates its revenue from the sale of oil, natural gas and NGLs. Its property comprises oil and natural gas assets and water-well assets.

Executives