White River Energy (White River Energy) Days Inventory : 0.00 (As of Dec. 2023)

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What is White River Energy Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). White River Energy's Average Total Inventories for the three months ended in Dec. 2023 was $0.01 Mil. White River Energy's Cost of Goods Sold for the three months ended in Dec. 2023 was $0.00 Mil.

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

During the past 2 years, White River Energy's highest Days Inventory was 6.28. The lowest was 3.66. And the median was 4.97.

WTRV's Days Inventory is not ranked ^*
in the Oil & Gas industry.
Industry Median: 31.3
* Ranked among companies with meaningful Days Inventory only.

White River Energy's Days Inventory declined from Dec. 2022 (2.08) to Dec. 2023 (0.00).

Inventory Turnover measures how fast the company turns over its inventory within a year. White River Energy's Inventory Turnover for the three months ended in Dec. 2023 was 0.00.

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. White River Energy's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.73.

White River Energy Days Inventory Historical Data

The historical data trend for White River 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.

White River Energy Days Inventory Chart

White River Energy Annual Data

Trend

Mar22

Mar23

Days Inventory

6.28

3.66

White River Energy Quarterly Data
	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Inventory	Get a 7-Day Free Trial					2.08	-	5.60	2.69	-

Competitive Comparison of White River Energy's Days Inventory

For the Oil & Gas E&P subindustry, White River 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.

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

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

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

White River Energy Days Inventory Calculation

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

White River Energy's Days Inventory for the fiscal year that ended in Mar. 2023 is calculated as

	Days Inventory (A: Mar. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Mar. 2022 )	+	Total Inventories (A: Mar. 2023 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2023 )	*	Days in Period
=	( (0.107	+	0.017)	/	2 )	/	6.188	*	365
=	0.062					/	6.188	*	365
=	3.66

White River Energy'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: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (0.015	+	0.004)	/	2 )	/	0	*	365 / 4
=	0.0095					/	0	*	365 / 4
=	N/A

White River Energy (OTCPK:WTRV) 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.

White River Energy's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	0	/	0.0095
	=	0.00

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.

White River Energy's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0.0095	/	0.013
	=	0.73

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.

White River Energy Days Inventory Related Terms

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

White River Energy (White River Energy) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » White River Energy Corp (OTCPK:WTRV) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

609 W. Dickson Street, Suite 102 G, Fayetteville, AR, USA, 72701

Website

https://www.white-river.com

White River Energy Corp is engaged in oil and gas exploration, production and drilling operations. The company operates over 30,000 cumulative acres of active oil and gas mineral leases in Louisiana and Mississippi.

White River Energy (White River Energy) Headlines

From GuruFocus

White River Energy Corp at Virtual Investor Conferences Transcript

By GuruFocus Research • 02-15-2024