HighPoint Resources (STU:27Z1) Inventory Turnover : 0.00 (As of Dec. 2020)

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What is HighPoint 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. HighPoint Resources's Cost of Goods Sold for the three months ended in Dec. 2020 was €30.2 Mil. HighPoint Resources's Average Total Inventories for the quarter that ended in Dec. 2020 was €0.0 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. HighPoint Resources's Days Inventory for the three months ended in Dec. 2020 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. HighPoint Resources's Inventory-to-Revenue for the quarter that ended in Dec. 2020 was 0.00.

HighPoint Resources Inventory Turnover Historical Data

The historical data trend for HighPoint 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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HighPoint Resources Inventory Turnover Chart

HighPoint Resources Annual Data

Trend

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Inventory Turnover

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HighPoint Resources Quarterly Data
	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20
Inventory Turnover	Get a 7-Day Free Trial															-	-	-	-	-

HighPoint Resources Inventory Turnover Calculation

HighPoint Resources's Inventory Turnover for the fiscal year that ended in Dec. 2020 is calculated as

	Inventory Turnover (A: Dec. 2020 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2020 )	/ (	(Total Inventories (A: Dec. 2019 )	+	Total Inventories (A: Dec. 2020 ))	/	count )
=	163.89	/ (	(0	+	0)	/	1 )
=	163.89	/	0
=	N/A

HighPoint Resources's Inventory Turnover for the quarter that ended in Dec. 2020 is calculated as

	Inventory Turnover (Q: Dec. 2020 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2020 )	/ (	(Total Inventories (Q: Sep. 2020 )	+	Total Inventories (Q: Dec. 2020 ))	/	count )
=	30.18	/ (	(0	+	0)	/	1 )
=	30.18	/	0
=	N/A

HighPoint Resources (STU:27Z1) 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.

HighPoint Resources's Days Inventory for the three months ended in Dec. 2020 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2020 )	/	Cost of Goods Sold (Q: Dec. 2020 )	*	Days in Period
	=	0	/	30.18	*	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.

HighPoint Resources's Inventory to Revenue for the quarter that ended in Dec. 2020 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2020 )	/	Revenue (Q: Dec. 2020 )
	=	0	/	49.43
	=	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.

HighPoint Resources Inventory Turnover Related Terms

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HighPoint Resources (STU:27Z1) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » HighPoint Resources Corp (STU:27Z1) » Definitions » Inventory Turnover

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Traded in Other Exchanges

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Address

555 17th Street, Suite 3700, Denver, CO, USA, 80202

Website

https://www.hpres.com

HighPoint Resources Corp is an oil and gas exploration and production company. Its operations include the acquisition, exploration, development, and production of oil, natural gas, and natural gas liquids. The company focuses its operations in the Rocky Mountain region of the U.S., where most of its production comes from the Denver-Julesburg Basin in Colorado and the Uinta Basin in Utah.HighPoint Resources Corp sells its crude oil and natural gas to pipelines, gas processors, oil refineries, and marketing companies. The company generates a majority of its revenue from Oil, gas and NGL production.

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