United Energy Group (United Energy Group) Days Inventory : 9.94 (As of Dec. 2023)

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What is United Energy Group Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). United Energy Group's Average Total Inventories for the six months ended in Dec. 2023 was $38 Mil. United Energy Group's Cost of Goods Sold for the six months ended in Dec. 2023 was $701 Mil. Hence, United Energy Group's Days Inventory for the six months ended in Dec. 2023 was 9.94.

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

UNEGF' s Days Inventory Range Over the Past 10 Years
Min: 12.8 Med: 36.21 Max: 43.04
Current: 13.12

During the past 13 years, United Energy Group's highest Days Inventory was 43.04. The lowest was 12.80. And the median was 36.21.

UNEGF's Days Inventory is ranked better than
73.15% of 730 companies
in the Oil & Gas industry
Industry Median: 31.94 vs UNEGF: 13.12

United Energy Group's Days Inventory declined from Dec. 2022 (28.16) to Dec. 2023 (9.94).

Inventory Turnover measures how fast the company turns over its inventory within a year. United Energy Group's Inventory Turnover for the six months ended in Dec. 2023 was 18.35.

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. United Energy Group's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.04.

United Energy Group Days Inventory Historical Data

The historical data trend for United Energy Group'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.

United Energy Group Days Inventory Chart

United Energy Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

Get a 7-Day Free Trial

33.33

28.62

27.77

23.54

12.82

United Energy Group Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Inventory	Get a 7-Day Free Trial															27.99	21.22	28.16	18.29	9.94

Competitive Comparison of United Energy Group's Days Inventory

For the Oil & Gas E&P subindustry, United Energy Group'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.

United Energy Group's Days Inventory Distribution in the Oil & Gas Industry

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

* The bar in red indicates where United Energy Group's Days Inventory falls into.

United Energy Group Days Inventory Calculation

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

United Energy Group'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
=	( (50.005	+	32.34)	/	2 )	/	1171.84	*	365
=	41.1725					/	1171.84	*	365
=	12.82

United Energy Group's Days Inventory for the quarter that ended in Dec. 2023 is calculated as:

	Days Inventory (Q: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Jun. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (44.062	+	32.34)	/	2 )	/	701.038	*	365 / 2
=	38.201					/	701.038	*	365 / 2
=	9.94

United Energy Group (OTCPK:UNEGF) 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.

United Energy Group's Inventory Turnover for the six months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	701.038	/	38.201
	=	18.35

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.

United Energy Group's Inventory to Revenue for the six months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	38.201	/	943.038
	=	0.04

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.

United Energy Group Days Inventory Related Terms

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

United Energy Group (United Energy Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » United Energy Group Ltd (OTCPK:UNEGF) » Definitions » Days Inventory

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Traded in Other Exchanges

00467:Hong Kong 1UEN:Germany

Address

Two Pacific Place, 88 Queensway, Admiralty, Suite 2505, 25th Floor, Hong Kong, HKG

Website

http://www.uegl.com.hk

United Energy Group Ltd is principally engaged in the investment and operation of upstream oil, natural gas, and other energy-related businesses. Geographically, the firm has operational footprints in Pakistan, Singapore, Egypt, and Iraq. Though the company generates majority of its revenue in Pakistan, Its oil and natural gas resources are the primary sources of revenue.

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