Energy XXI Gulf Coast (Energy XXI Gulf Coast) Inventory Turnover : 90.02 (As of Jun. 2018)

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What is Energy XXI Gulf Coast 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. Energy XXI Gulf Coast's Cost of Goods Sold for the three months ended in Jun. 2018 was $79.7 Mil. Energy XXI Gulf Coast's Average Total Inventories for the quarter that ended in Jun. 2018 was $0.9 Mil. Energy XXI Gulf Coast's Inventory Turnover for the quarter that ended in Jun. 2018 was 90.02.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Energy XXI Gulf Coast's Days Inventory for the three months ended in Jun. 2018 was 1.01.

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. Energy XXI Gulf Coast's Inventory-to-Revenue for the quarter that ended in Jun. 2018 was 0.01.

Energy XXI Gulf Coast Inventory Turnover Historical Data

The historical data trend for Energy XXI Gulf Coast'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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Energy XXI Gulf Coast Inventory Turnover Chart

Energy XXI Gulf Coast Annual Data

Trend

Jun14

Jun15

Jun16

Dec17

Inventory Turnover

62.67

87.52

838.90

Energy XXI Gulf Coast Quarterly Data
	Jun14	Jun15	Jun16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18
Inventory Turnover	Get a 7-Day Free Trial					124.19	97.00	176.06	208.18	90.02

Energy XXI Gulf Coast Inventory Turnover Calculation

Energy XXI Gulf Coast's Inventory Turnover for the fiscal year that ended in Dec. 2017 is calculated as

	Inventory Turnover (A: Dec. 2017 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2017 )	/ (	(Total Inventories (A: Jun. 2016 )	+	Total Inventories (A: Dec. 2017 ))	/	count )
=	342.692	/ (	(0.423	+	0.394)	/	2 )
=	342.692	/	0.4085
=	838.90

Energy XXI Gulf Coast's Inventory Turnover for the quarter that ended in Jun. 2018 is calculated as

	Inventory Turnover (Q: Jun. 2018 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jun. 2018 )	/ (	(Total Inventories (Q: Mar. 2018 )	+	Total Inventories (Q: Jun. 2018 ))	/	count )
=	79.667	/ (	(0	+	0.885)	/	1 )
=	79.667	/	0.885
=	90.02

Energy XXI Gulf Coast (NAS:EGC) 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.

Energy XXI Gulf Coast's Days Inventory for the three months ended in Jun. 2018 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2018 )	/	Cost of Goods Sold (Q: Jun. 2018 )	*	Days in Period
	=	0.885	/	79.667	*	365 / 4
	=	1.01

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.

Energy XXI Gulf Coast's Inventory to Revenue for the quarter that ended in Jun. 2018 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2018 )	/	Revenue (Q: Jun. 2018 )
	=	0.885	/	142.784
	=	0.01

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.

Energy XXI Gulf Coast Inventory Turnover Related Terms

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Energy XXI Gulf Coast (Energy XXI Gulf Coast) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Energy XXI Gulf Coast Inc (NAS:EGC) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

http://www.energyxxi.com

Energy XXI Gulf Coast Inc is is engaged in the development, exploitation and acquisition of oil and natural gas properties in conventional oil and gas assets in the U.S. Gulf Coast region, both offshore in the Gulf of Mexico and onshore in Louisiana and Texas.

Executives

Douglas E Brooks	director, officer: President and CEO	707 - 17TH STREET, SUITE 3600, DENVER CO 80202
Charles W Wampler	director	920 MEMORIAL CITY WAY, SUITE 850, HOUSTON TX 77024
Gabriel L Ellisor	director	920 MEMORIAL CITY WAY, SUITE 850, HOUSTON TX 77024
Marguerite Woung-chapman	officer: Senior VP and General Counsel	1001 LOUISIANA, HOUSTON TX 77002
Tiffany Thom Cepak	officer: Chief Financial Officer	C/O PATTERSON-UTI ENERGY, INC., 10713 WEST SAM HOUSTON PARKWAY NORTH, SU, HOUSTON TX 77064
Gary C Hanna	director
Michael S Bahorich	director
Scott M Heck	officer: Chief Operating Officer	C/O AMERADA HESS CORPORATION, 1185 AVENUE OF THE AMERICAS, NEW YORK NY 10036
Swent James W Iii	director	C/O SOUTHCROSS ENERGY PARTNERS, L.P., 1717 MAIN STREET, SUITE 5200, DALLAS TX 75201
Michael Reddin	director	C/O MIDSTATES PETROLEUM COMPANY, INC., 321 SOUTH BOSTON AVENUE, SUITE 1000, TULSA OK 74103
Steven J Pully	director	9800 RICHMOND AVE, SUITE 700, HOUSTON TX 77042
Hugh A Menown	officer: Executive VP, Interim CFO, CAO	808 TRAVIS, SUITE 850, HOUSTON TX 77002
Oaktree Capital Group Holdings Gp, Llc	10 percent owner	333 SOUTH GRAND AVENUE, 28TH FLOOR, LOS ANGELES CA 90071
Oaktree Fund Gp I, L.p.	10 percent owner	333 SOUTH GRAND AVENUE, 28TH FLOOR, LOS ANGELES CA 90071
Oaktree Value Opportunities Fund Gp Ltd.	10 percent owner	333 SOUTH GRAND AVENUE, 28TH FLOOR, LOS ANGELES CA 90071