Velocity Energy (Velocity Energy) Days Inventory : 0.00 (As of Jun. 2009)

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What is Velocity Energy Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Velocity Energy's Average Total Inventories for the three months ended in Jun. 2009 was $0.00 Mil. Velocity Energy's Cost of Goods Sold for the three months ended in Jun. 2009 was $0.05 Mil. Hence, Velocity Energy's Days Inventory for the three months ended in Jun. 2009 was 0.00.

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

VCYE's Days Inventory is not ranked ^*
in the Oil & Gas industry.
Industry Median: 31.185
* Ranked among companies with meaningful Days Inventory only.

Velocity Energy's Days Inventory stayed the same from Jun. 2008 (0.00) to Jun. 2009 (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.

Velocity Energy Days Inventory Historical Data

The historical data trend for Velocity Energy'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.

Velocity Energy Days Inventory Chart

Velocity Energy Annual Data

Trend

Dec05

Dec06

Dec07

Dec08

Days Inventory

Velocity Energy Quarterly Data
	Dec05	Mar06	Jun06	Sep06	Dec06	Mar07	Jun07	Sep07	Dec07	Mar08	Jun08	Sep08	Dec08	Mar09	Jun09
Days Inventory	Get a 7-Day Free Trial										-	-	-	-	-

Competitive Comparison of Velocity Energy's Days Inventory

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

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

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

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

Velocity Energy Days Inventory Calculation

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

Velocity Energy's Days Inventory for the fiscal year that ended in Dec. 2008 is calculated as

	Days Inventory (A: Dec. 2008 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2007 )	+	Total Inventories (A: Dec. 2008 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2008 )	*	Days in Period
=	( (0	+	0)	/	1 )	/	1.099	*	365
=	0					/	1.099	*	365
=	0.00

Velocity Energy's Days Inventory for the quarter that ended in Jun. 2009 is calculated as:

	Days Inventory (Q: Jun. 2009 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Mar. 2009 )	+	Total Inventories (Q: Jun. 2009 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2009 )	*	Days in Period
=	( (0	+	0)	/	1 )	/	0.052	*	365 / 4
=	0					/	0.052	*	365 / 4
=	0.00

Velocity Energy (OTCPK:VCYE) 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.

Velocity Energy's Inventory Turnover for the three months ended in Jun. 2009 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	0.052	/	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.

Velocity Energy's Inventory to Revenue for the three months ended in Jun. 2009 is calculated as

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

Velocity Energy Days Inventory Related Terms

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

Velocity Energy (Velocity Energy) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Velocity Energy Inc. (OTCPK:VCYE) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

523 North Sam Houston Parkway East, Suite 175, Houston, TX, USA, 77060

Website

http://www.velocity-energy.com

Velocity Energy Inc is an oil and gas exploration and production company. It is engaged in the acquisition, development, exploration and production of natural gas and oil.

Executives

Michael J Pawelek	director, officer: President and CEO	300 EAST SONTERRA BLVD. STE 1220 SAN ANTONIO TX 78258
Peter Benz	10 percent owner	171 MADISON AVE., 17 FL.,, NEW YORK NY 10016
Longview Fund Lp	10 percent owner	VIKING ASSET MANAGEMENT LLC, 66 BOVET ROAD, SUITE 320, SAN MATEO, CA 94402
Howard J Taylor	director, 10 percent owner, officer: CEO	STE. 194 48 PAR LA VILLE RD HAMILTON D0 HM11

Velocity Energy (Velocity Energy) Headlines

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