Deep Energy Resources (NSE:DEEPENR) Inventory Turnover : 0.03 (As of Dec. 2023)

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What is Deep Energy Resources 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. Deep Energy Resources's Cost of Goods Sold for the three months ended in Dec. 2023 was ₹3.9 Mil. Deep Energy Resources's Average Total Inventories for the quarter that ended in Dec. 2023 was ₹116.2 Mil. Deep Energy Resources's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.03.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Deep Energy Resources's Days Inventory for the three months ended in Dec. 2023 was 2,715.62.

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. Deep Energy Resources's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 16.78.

Deep Energy Resources Inventory Turnover Historical Data

The historical data trend for Deep Energy Resources'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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Deep Energy Resources Inventory Turnover Chart

Deep Energy Resources Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Inventory Turnover

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0.01

0.02

0.07

0.06

4.55

Deep Energy Resources 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															1.32	3.22	0.04	0.03	0.03

Deep Energy Resources Inventory Turnover Calculation

Deep Energy Resources's Inventory Turnover for the fiscal year that ended in Mar. 2023 is calculated as

	Inventory Turnover (A: Mar. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Mar. 2023 )	/ (	(Total Inventories (A: Mar. 2022 )	+	Total Inventories (A: Mar. 2023 ))	/	count )
=	279.167	/ (	(64.035	+	58.551)	/	2 )
=	279.167	/	61.293
=	4.55

Deep Energy Resources'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 )
=	3.904	/ (	(116.184	+	0)	/	1 )
=	3.904	/	116.184
=	0.03

Deep Energy Resources (NSE:DEEPENR) 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.

Deep Energy Resources'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
	=	116.184	/	3.904	*	365 / 4
	=	2,715.62

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.

Deep Energy Resources'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 )
	=	116.184	/	6.922
	=	16.78

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.

Deep Energy Resources Inventory Turnover Related Terms

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Deep Energy Resources (NSE:DEEPENR) Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Deep Energy Resources Ltd (NSE:DEEPENR) » Definitions » Inventory Turnover

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532760:India

Address

Ambli Bopal Road, 12A and 14, Abhishree Corporate Park, Ambli, Ahmedabad, GJ, IND, 380058

Website

https://www.deepindustries.com

Deep Energy Resources Ltd is a diversified oil and gas company with business interest in air and gas compression, workover, drilling, gas dehydration and oil, and gas exploration and production. It is involved in providing support activities for petroleum and natural gas mining. It is also involved in the exploration and production of coal bed methane. The company also provides high-pressure air and gas compression and gas dehydration services on a charter hire basis.

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