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HZNFF (Horizon Oil) Inventory-to-Revenue : 0.14 (As of Dec. 2024)


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What is Horizon Oil Inventory-to-Revenue?

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. Horizon Oil's Average Total Inventories for the quarter that ended in Dec. 2024 was $7.8 Mil. Horizon Oil's Revenue for the six months ended in Dec. 2024 was $56.7 Mil. Horizon Oil's Inventory-to-Revenue for the quarter that ended in Dec. 2024 was 0.14.

Horizon Oil's Inventory-to-Revenue for the quarter that ended in Dec. 2024 declined from Jun. 2024 (0.15) to Jun. 2024 (0.14)

A decrease in the Inventory-to-Revenue from one quarter to next indicates that one of these is occurring:

1. investment in inventory is shrinking in relation to revenue
2. revenue are increasing
No matter which situation is causing the reduction in the Inventory-to-Revenue, either one suggests that business's inventory levels and its cash flow are effectively managed.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Horizon Oil's Days Inventory for the six months ended in Dec. 2024 was 36.75.

Inventory Turnover measures how fast the company turns over its inventory within a year. Horizon Oil's Inventory Turnover for the quarter that ended in Dec. 2024 was 4.97.


Horizon Oil Inventory-to-Revenue Historical Data

The historical data trend for Horizon Oil's Inventory-to-Revenue 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.

Horizon Oil Inventory-to-Revenue Chart

Horizon Oil Annual Data
Trend Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24
Inventory-to-Revenue
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.06 0.04 0.03 0.02 0.06

Horizon Oil Semi-Annual Data
Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24
Inventory-to-Revenue Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.07 0.07 0.05 0.15 0.14

Competitive Comparison of Horizon Oil's Inventory-to-Revenue

For the Oil & Gas E&P subindustry, Horizon Oil's Inventory-to-Revenue, along with its competitors' market caps and Inventory-to-Revenue 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.


Horizon Oil's Inventory-to-Revenue Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Horizon Oil's Inventory-to-Revenue distribution charts can be found below:

* The bar in red indicates where Horizon Oil's Inventory-to-Revenue falls into.


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Horizon Oil Inventory-to-Revenue Calculation

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.

Horizon Oil's Inventory-to-Revenue for the fiscal year that ended in Jun. 2024 is calculated as

Inventory-to-Revenue (A: Jun. 2024 )
=Average Total Inventories / Revenue
=( (Total Inventories (A: Jun. 2023 ) + Total Inventories (A: Jun. 2024 )) / count ) / Revenue (A: Jun. 2024 )
=( (2.953 + 9.531) / 2 ) / 111.604
=6.242 / 111.604
=0.06

Horizon Oil's Inventory-to-Revenue for the quarter that ended in Dec. 2024 is calculated as

Inventory-to-Revenue (Q: Dec. 2024 )
=Average Total Inventories / Revenue
=( (Total Inventories (Q: Jun. 2024 ) + Total Inventories (Q: Dec. 2024 )) / count ) / Revenue (Q: Dec. 2024 )
=( (9.531 + 6.073) / 2 ) / 56.716
=7.802 / 56.716
=0.14

* 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.


Horizon Oil  (OTCPK:HZNFF) Inventory-to-Revenue Explanation

An increase in Inventory-to-Revenue from one quarter to the next indicates that one of the following is happening:

1. investment in inventory is growing more rapidly than revenue
2. revenue are dropping
No matter which situation is causing the problem, an increase in the Inventory-to-Revenue may signal an oncoming cash flow problem.

Likewise, a decrease in the Inventory-to-Revenue from one quarter to next indicates that one of these is occurring:

1. investment in inventory is shrinking in relation to revenue
2. revenue are increasing
No matter which situation is causing the reduction in the Inventory-to-Revenue, either one suggests that business's inventory levels and its cash flow are effectively managed.

More Related Terms:

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

Horizon Oil's Days Inventory for the six months ended in Dec. 2024 is calculated as:

Days Inventory=Average Total Inventories (Q: Dec. 2024 )/Cost of Goods Sold (Q: Dec. 2024 )*Days in Period
=7.802/38.745*365 / 2
=36.75

2. Inventory Turnover measures how fast the company turns over its inventory within a year.

Horizon Oil's Inventory Turnover for the quarter that ended in Dec. 2024 is calculated as

Inventory Turnover=Cost of Goods Sold (Q: Dec. 2024 ) / Average Total Inventories (Q: Dec. 2024 )
=38.745 / 7.802
=4.97

* 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.


Horizon Oil Inventory-to-Revenue Related Terms

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Horizon Oil Business Description

Traded in Other Exchanges
Address
360 Kent Street, Level 4, Sydney, NSW, AUS, 2000
Horizon Oil Ltd is engaged in exploration, development, production and sale of crude oil. The company operates in three segments: China development, New Zealand development and Australia development. It generates key revenue from China development segment which is involved in developing and producing crude oil from the Block 22/12-WZ6-12, WZ12-8W and WZ12-8E oil field developments and in the exploration and evaluation of hydrocarbons within Block 22/12.