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. Rex Energy's Cost of Goods Sold for the
three
months ended in Jun. 2018 was $36.76 Mil. Rex Energy's Average Total Inventories for the quarter that ended in Jun. 2018 was $6.69 Mil.
Rex Energy's Inventory Turnover for the quarter that ended in Jun. 2018 was 5.49.
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Rex Energy's Days Inventory for the
three
months ended in Jun. 2018 was 16.62.
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.
Rex Energy's Inventory-to-Revenue for the quarter that ended in Jun. 2018 was 0.09.
Rex Energy Inventory Turnover Historical Data
The historical data trend for Rex Energy'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.
* 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.
Rex Energy (OTCPK:RXNRQ.PFD) 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.
Rex Energy's Days Inventory for the
three
months ended in Jun. 2018 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.
Rex Energy's Inventory to Revenue for the quarter that ended in Jun. 2018 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
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.
Rex Energy Inventory Turnover Related Terms
Thank you for viewing the detailed overview of Rex Energy's Inventory Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.
Rex Energy Corp is a US-based independent condensate, NGL (Natural Gas Liquids) and natural gas company operating in the Appalachian Basin. The company focuses on natural gas and natural gas liquids production as well as on drilling and exploration activities in the Marcellus Shale, Utica Shale, and Upper Devonian Shale. The exploration properties of the company include the Appalachian Basin which includes the states of Kentucky, Maryland, New York, Ohio, Pennsylvania, Virginia, West Virginia and Tennessee.
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