VELXQ (Canadian Overseas Petroleum) Days Inventory: 12.29 (As of Sep. 2023)

What is Canadian Overseas Petroleum Days Inventory?

Canadian Overseas Petroleum VELXQ -99.67% Days Inventory is 12.29 as of Sep. 2023.

Days Inventory is also known as Days Sales of Inventory (DSI). Canadian Overseas Petroleum's Average Total Inventories for the three months ended in Sep. 2023 was $0.28 Mil. Canadian Overseas Petroleum's Cost of Goods Sold for the three months ended in Sep. 2023 was $2.07 Mil. Hence, Canadian Overseas Petroleum's Days Inventory for the three months ended in Sep. 2023 was 12.29.

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

VELXQ's Days Inventory is not ranked ^*
in the Oil & Gas industry.
Industry Median: 31.01
* Ranked among companies with meaningful Days Inventory only.

Canadian Overseas Petroleum's Days Inventory increased from Sep. 2022 (7.90) to Sep. 2023 (12.29). It might indicate that Canadian Overseas Petroleum's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Canadian Overseas Petroleum's Inventory Turnover for the three months ended in Sep. 2023 was 7.43.

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. Canadian Overseas Petroleum's Inventory-to-Revenue for the three months ended in Sep. 2023 was 0.05.

Canadian Overseas Petroleum (OTCPK:VELXQ) 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.

Canadian Overseas Petroleum's Inventory Turnover for the three months ended in Sep. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	2.068	/	0.2785
	=	7.43

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.

Canadian Overseas Petroleum's Inventory to Revenue for the three months ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0.2785	/	5.799
	=	0.05

* 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.

Canadian Overseas Petroleum Days Inventory Related Terms

Canadian Overseas Petroleum Days Inventory Historical Data

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The historical data trend for Canadian Overseas Petroleum's Days Inventory can be seen below:

Canadian Overseas Petroleum Days Inventory Chart

Canadian Overseas Petroleum Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Inventory

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0.00

5.36

7.58

Canadian Overseas Petroleum Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Days Inventory	Get a 7-Day Free Trial															7.90	9.98	14.11	13.09	12.29

VELXQ vs COP, EOG, PXD: Days Inventory Comparison

For the Oil & Gas E&P subindustry, Canadian Overseas 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.

Canadian Overseas Petroleum Days Inventory vs Oil & Gas Industry

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

* The bar in red indicates where Canadian Overseas Petroleum's Days Inventory falls into.

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Canadian Overseas Petroleum Days Inventory Calculation

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

Canadian Overseas Petroleum's Days Inventory for the fiscal year that ended in Dec. 2022 is calculated as

	Days Inventory (A: Dec. 2022 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2021 )	+	Total Inventories (A: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2022 )	*	Days in Period
=	( (0.082	+	0.274)	/	2 )	/	8.572	*	365
=	0.178					/	8.572	*	365
=	7.58

Canadian Overseas Petroleum's Days Inventory for the quarter that ended in Sep. 2023 is calculated as:

	Days Inventory (Q: Sep. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Jun. 2023 )	+	Total Inventories (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (0.302	+	0.255)	/	2 )	/	2.068	*	365 / 4
=	0.2785					/	2.068	*	365 / 4
=	12.29

Frequently Asked Questions Learn more about Days Inventory →

What does a Days Inventory of 12.29 mean?

Canadian Overseas Petroleum (VELXQ) has a Days Inventory of 12.29 as of Sep. 2023. Days inventory represents the average amount of days a company holds inventory before selling it. View historical data on Canadian Overseas Petroleum and its competitors.

Is Canadian Overseas Petroleum's Days Inventory too high?

Canadian Overseas Petroleum's current Days Inventory is 12.29. The Oil & Gas industry median Days Inventory is 31.01. Canadian Overseas Petroleum's value of 12.29 is 60.4% below this industry median.

How does Canadian Overseas Petroleum's Days Inventory compare to COP and EOG?

Canadian Overseas Petroleum's Days Inventory of 12.29 can be compared against companies in the Oil & Gas industry. The industry median Days Inventory is 31.01. Canadian Overseas Petroleum's value of 12.29 is 60.4% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good Days Inventory for an Oil & Gas company?

The median Days Inventory among Oil & Gas companies is 31.01, based on 685 companies in the industry. Companies in the top quartile (top 25%) have a Days Inventory significantly above this median, while those in the bottom quartile fall well below. However, Days Inventory should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Canadian Overseas Petroleum's current Days Inventory of 12.29 is 60.4% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.

What does a high Days Inventory mean?

A high Days Inventory can signal that a stock is expensive relative to its fundamentals. Days inventory represents the average amount of days a company holds inventory before selling it. View historical data on Canadian Overseas Petroleum and its competitors. For the Oil & Gas industry, the median Days Inventory is 31.01 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Canadian Overseas Petroleum's current Days Inventory is 12.29. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Canadian Overseas Petroleum stock overvalued right now?

Canadian Overseas Petroleum (VELXQ) has a current Days Inventory of 12.29. The current Days Inventory is 12.29 and 60.4% below the Oil & Gas industry median of 31.01. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is Days Inventory calculated?

Days Inventory is calculated from a company's financial statements. For Canadian Overseas Petroleum (VELXQ), the current Days Inventory is 12.29 as of Sep. 2023. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Canadian Overseas Petroleum Business Description

Industry Energy Oil & Gas

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Address 715 - 5th Avenue South West, Suite 3200, Calgary, AB, CAN, T2P 2X6

Website https://www.canoverseas.com

Canadian Overseas Petroleum Ltd is an international oil and gas exploration, development and production company pursuing opportunities in the United States with operations in Converse County Wyoming, and in sub-Saharan Africa and independently in other countries. The company's Wyoming operations are environmentally responsible with minimal gas flaring and methane emissions combined with electricity sourced from a neighboring wind farm to power production facilities.