Callon Petroleum Co (Callon Petroleum Co) Inventory Turnover : 0.00 (As of Dec. 2023)

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What is Callon Petroleum Co Inventory Turnover?

Inventory Turnover measures how fast the company turns over its inventory within a year. It is calculated as Cost of Goods Sold divided by Total Inventories. Callon Petroleum Co's Cost of Goods Sold for the three months ended in Dec. 2023 was $388 Mil. Callon Petroleum Co's Average Total Inventories for the quarter that ended in Dec. 2023 was $0 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Callon Petroleum Co's Days Inventory 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. Callon Petroleum Co's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.00.

Callon Petroleum Co Inventory Turnover Historical Data

The historical data trend for Callon Petroleum Co's Inventory Turnover 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.

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Callon Petroleum Co Inventory Turnover Chart

Callon Petroleum Co Annual Data

Trend

Dec14

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Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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Callon Petroleum Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															-	-	-	-	-

Callon Petroleum Co Inventory Turnover Calculation

Callon Petroleum Co's Inventory Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Inventory Turnover (A: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2023 )	/ (	(Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )
=	1459.999	/ (	(0	+	0)	/	1 )
=	1459.999	/	0
=	N/A

Callon Petroleum Co's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

	Inventory Turnover (Q: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2023 )	/ (	(Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	388.137	/ (	(0	+	0)	/	1 )
=	388.137	/	0
=	N/A

Callon Petroleum Co (NYSE:CPE) Inventory Turnover Explanation

Inventory Turnover measures how fast the company turns over its inventory within a year. A higher Inventory Turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.

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

Callon Petroleum Co's Days Inventory for the three months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	0	/	388.137	*	365 / 4
	=	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.

Callon Petroleum Co's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	0	/	601.357
	=	0.00

Be Aware

Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate Inventory Turnover. An average inventory is a better indication.

Callon Petroleum Co Inventory Turnover Related Terms

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Callon Petroleum Co (Callon Petroleum Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Callon Petroleum Co (NYSE:CPE) » Definitions » Inventory Turnover

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Traded in Other Exchanges

CPE:Mexico CE51:Germany CE51:Germany

Address

2000 W. Sam Houston Parkway South, Suite 2000, One Briarlake Plaza, Houston, TX, USA, 77042

Website

https://www.callon.com

Callon Petroleum Company engages in the exploration, development, acquisition, and production of oil and natural gas. Activities are primarily conducted in the Permian Basin region of West Texas and southeastern New Mexico. Callon relies heavily on the latest horizontal production techniques to extract hydrocarbon products from its assets, with crude oil accounting for over half of production. Historically, a handful of marketing and trading companies have accounted for the majority of the sales for Callon's oil and gas production. Assets are acquired through the drilling of emerging zones on existing acreage but also by acquiring additional locations through leasehold purchases, leasing programs, joint ventures, and asset swaps.

Executives

Russell E. Parker	officer: Senior VP and COO	1001 LOUISIANA STREET, HOUSTON TX 77002
Steven A Webster	director	500 DALLAS STREET, SUITE 2300, HOUSTON TX 77002
James E Craddock	director	410 - 17TH STREET, SUITE 1400, DENVER CO 80202
Kimmeridge Energy Management Company, Llc	10 percent owner	15 LITTLE WEST 12TH STREET, 5TH FLOOR, NEW YORK NY 10014
Blackstone Holdings Iii L.p.	10 percent owner	C/O BLACKSTONE INC., 345 PARK AVENUE, NEW YORK NY 10154
Bpp Holdco Llc	10 percent owner	C/O BLACKSTONE INC., 345 PARK AVENUE, NEW YORK NY 10154
Primexx Energy Partners, Ltd	10 percent owner	4849 GREENVILLE AVENUE, SUITE 1600, DALLAS TX 75206
Bpp Energy Partners Llc	10 percent owner	C/O BLACKSTONE INC., 345 PARK AVENUE, NEW YORK NY 10154
Mary Shafer-malicki	director	757 N. ELDRIDGE PARKWAY, HOUSTON TX 77079
Johnson S P Iv	director	10000 ENERGY DRIVE, P. O. BOX 12359, SPRING TX 77391
Bcp Vii/bep Ii Holdings Manager L.l.c.	10 percent owner	C/O BLACKSTONE INC., 345 PARK AVENUE, NEW YORK NY 10154
Bma Vii L.l.c.	10 percent owner	C/O THE BLACKSTONE GROUP L.P., 345 PARK AVE., NEW YORK NY 10154
Blackstone Ema Ii L.l.c.	10 percent owner	C/O THE BLACKSTONE GROUP L.P., 345 PARK AVE., NEW YORK NY 10154
Blackstone Energy Management Associates Ii L.l.c.	10 percent owner	C/O THE BLACKSTONE GROUP L.P., 345 PARK AVE., NEW YORK NY 10154
Blackstone Management Associates Vii L.l.c.	10 percent owner	C/O THE BLACKSTONE GROUP L.P., 345 PARK AVE., NEW YORK NY 10154