Boomerang Oil (XCNQ:BOI) Days Inventory : 0.00 (As of Jun. 2015)

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What is Boomerang Oil Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Boomerang Oil's Average Total Inventories for the three months ended in Jun. 2015 was C$0.00 Mil. Boomerang Oil's Cost of Goods Sold for the three months ended in Jun. 2015 was C$0.02 Mil. Hence, Boomerang Oil's Days Inventory for the three months ended in Jun. 2015 was 0.00.

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

XCNQ:BOI's Days Inventory is not ranked ^*
in the Oil & Gas industry.
Industry Median: 31.72
* Ranked among companies with meaningful Days Inventory only.

Boomerang Oil's Days Inventory stayed the same from Jun. 2014 (0.00) to Jun. 2015 (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. Boomerang Oil's Inventory-to-Revenue for the three months ended in Jun. 2015 was 0.00.

Boomerang Oil Days Inventory Historical Data

The historical data trend for Boomerang Oil'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.

Boomerang Oil Days Inventory Chart

Boomerang Oil Annual Data

Trend

Sep12

Sep13

Sep14

Days Inventory

Boomerang Oil Quarterly Data
	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15
Days Inventory	Get a 7-Day Free Trial										-	-	-	-	-

Competitive Comparison of Boomerang Oil's Days Inventory

For the Oil & Gas E&P subindustry, Boomerang Oil'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.

Boomerang Oil's Days Inventory Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Boomerang Oil's Days Inventory falls into.

Boomerang Oil Days Inventory Calculation

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

Boomerang Oil's Days Inventory for the fiscal year that ended in Sep. 2014 is calculated as

	Days Inventory (A: Sep. 2014 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Sep. 2013 )	+	Total Inventories (A: Sep. 2014 ))	/	count )	/	Cost of Goods Sold (A: Sep. 2014 )	*	Days in Period
=	( (0	+	0)	/	1 )	/	0.101	*	365
=	0					/	0.101	*	365
=	0.00

Boomerang Oil's Days Inventory for the quarter that ended in Jun. 2015 is calculated as:

	Days Inventory (Q: Jun. 2015 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Mar. 2015 )	+	Total Inventories (Q: Jun. 2015 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2015 )	*	Days in Period
=	( (0	+	0)	/	1 )	/	0.023	*	365 / 4
=	0					/	0.023	*	365 / 4
=	0.00

Boomerang Oil (XCNQ:BOI) 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.

Boomerang Oil's Inventory Turnover for the three months ended in Jun. 2015 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	0.023	/	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.

Boomerang Oil's Inventory to Revenue for the three months ended in Jun. 2015 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0	/	0.017
	=	0.00

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.

Boomerang Oil Days Inventory Related Terms

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

Boomerang Oil (XCNQ:BOI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Boomerang Oil Inc (XCNQ:BOI) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

http://www.boomerangoil.com

Boomerang Oil Inc is an independent oil and gas company engaged in the exploration, development, and exploitation of crude oil and natural gas properties in the United States. Its properties are located in Permian Basin and Crawar Field in Texas.

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