Days Inventory is also known as Days Sales of Inventory (DSI). Ghana Oil Co's Average Total Inventories for the
six
months ended in Dec. 2022 was GHS543 Mil. Ghana Oil Co's Cost of Goods Sold for the
six
months ended in Dec. 2022 was GHS20,105 Mil.
Hence, Ghana Oil Co's Days Inventory for the
six
months ended in Dec. 2022 was 4.93.
The historical rank and industry rank for Ghana Oil Co's Days Inventory or its related term are showing as below:
XGHA:GOIL'
s Days Inventory Range Over the Past 10 Years
Min: 3.28 Med: 7.34 Max: 11.08
Current: 9.86
During the past 13 years, Ghana Oil Co's highest Days Inventory was 11.08. The lowest was 3.28. And the median was 7.34.
XGHA:GOIL's Days Inventory is ranked better than 79.21% of 731
companies
in the Oil & Gas industry
Industry Median: 31.81
vs XGHA:GOIL: 9.86
Ghana Oil Co's Days Inventory
declined
from Dec. 2020 (11.08) to Dec. 2022 (9.86).
Inventory Turnover measures how fast the company turns over its inventory within a year.
Ghana Oil Co's Inventory Turnover for the
six
months ended in Dec. 2022 was 37.03.
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.
Ghana Oil Co's Inventory-to-Revenue for the
six
months ended in Dec. 2022 was 0.03.
Ghana Oil Co Days Inventory Historical Data
The historical data trend for Ghana Oil Co'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.
Competitive Comparison of Ghana Oil Co's Days Inventory
For the Oil & Gas Refining & Marketing subindustry, Ghana Oil Co'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.
Ghana Oil Co's Days Inventory Distribution in the Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Ghana Oil Co's Days Inventory distribution charts can be found below:
* The bar in red indicates where Ghana Oil Co's Days Inventory falls into.
Ghana Oil Co Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Ghana Oil Co's Days Inventory for the fiscal year that ended in Dec. 2022 is calculated as
* 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.
Ghana Oil Co (XGHA:GOIL) 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.
Ghana Oil Co's Inventory Turnover for the
six
months ended in Dec. 2022 is calculated as
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.
Ghana Oil Co's Inventory to Revenue for the
six
months ended in Dec. 2022 is calculated as
* 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.
Ghana Oil Co Days Inventory Related Terms
Thank you for viewing the detailed overview of Ghana Oil Co's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Ghana Oil Co Ltd (GOIL) is engaged in the marketing and distribution of petroleum products. Its objective is to market petroleum products and related products particularly fuels, liquefied petroleum gas (LPG), lubricants, bitumen, and specialty products in Ghana. The company is engaged in the business of marketing quality petroleum and other energy products and services in all its branches in a healthy, safe, environmentally friendly and socially responsible manner.
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