TTE (TotalEnergies SE) Days Inventory : 50.74 (As of Sep. 2024)

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What is TotalEnergies SE Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). TotalEnergies SE's Average Total Inventories for the three months ended in Sep. 2024 was $19,361 Mil. TotalEnergies SE's Cost of Goods Sold for the three months ended in Sep. 2024 was $34,817 Mil. Hence, TotalEnergies SE's Days Inventory for the three months ended in Sep. 2024 was 50.74.

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

TTE' s Days Inventory Range Over the Past 10 Years
Min: 37.04 Med: 45 Max: 61.06
Current: 50.19

During the past 13 years, TotalEnergies SE's highest Days Inventory was 61.06. The lowest was 37.04. And the median was 45.00.

TTE's Days Inventory is ranked worse than
68.18% of 704 companies
in the Oil & Gas industry
Industry Median: 31.715 vs TTE: 50.19

TotalEnergies SE's Days Inventory declined from Sep. 2023 (51.30) to Sep. 2024 (50.74).

Inventory Turnover measures how fast the company turns over its inventory within a year. TotalEnergies SE's Inventory Turnover for the three months ended in Sep. 2024 was 1.80.

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. TotalEnergies SE's Inventory-to-Revenue for the three months ended in Sep. 2024 was 0.41.

TotalEnergies SE Days Inventory Historical Data

The historical data trend for TotalEnergies SE'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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TotalEnergies SE Days Inventory Chart

TotalEnergies SE Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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44.19

58.09

47.72

42.98

49.25

TotalEnergies SE 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															51.30	46.90	49.13	52.55	50.74

Competitive Comparison of TotalEnergies SE's Days Inventory

For the Oil & Gas Integrated subindustry, TotalEnergies SE'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.

TotalEnergies SE's Days Inventory Distribution in the Oil & Gas Industry

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

* The bar in red indicates where TotalEnergies SE's Days Inventory falls into.

TotalEnergies SE Days Inventory Calculation

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

TotalEnergies SE'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
=	( (22936	+	19317)	/	2 )	/	156572	*	365
=	21126.5					/	156572	*	365
=	49.25

TotalEnergies SE'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
=	( (20189	+	18532)	/	2 )	/	34817	*	365 / 4
=	19360.5					/	34817	*	365 / 4
=	50.74

TotalEnergies SE (NYSE:TTE) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	34817	/	19360.5
	=	1.80

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	19360.5	/	47429
	=	0.41

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.

TotalEnergies SE Days Inventory Related Terms

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TotalEnergies SE Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » TotalEnergies SE (NYSE:TTE) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

TTFNF:USA TTEN:Mexico TOT N:Mexico TTEp:UK TTE:UK TTE:France TOTB:Germany TOTB:Germany TOTA:Germany TOTB:Germany TOTB:Germany TOTA:Germany FP:Austria TTE:Argentina

Address

2, Place Jean Millier, La Defense 6, Courbevoie, FRA, 92400

Website

https://www.totalenergies.com

TotalEnergies is an integrated oil and gas company that explores for, produces, and refines oil around the world. In 2023, it produced 1.6 million barrels of liquids and 5.0 billion cubic feet of natural gas per day. At end-2023, reserves stood at 10.6 billion barrels of oil equivalent, 56% of which are liquids. During 2023, it had LNG sales of 44.3 metric tons. The company owns interests in refineries with capacity of nearly 2.0 million barrels a day, primarily in Europe, distributes refined products in 65 countries, and manufactures commodity and specialty chemicals. At year-end, its gross installed renewable power generation capacity was 22.4 gigawatts.