Texhoma Energy (Texhoma Energy) Inventory Turnover : 0.00 (As of Jun. 2008)

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What is Texhoma Energy 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. Texhoma Energy's Cost of Goods Sold for the three months ended in Jun. 2008 was $0.13 Mil. Texhoma Energy's Average Total Inventories for the quarter that ended in Jun. 2008 was $0.00 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Texhoma Energy's Days Inventory for the three months ended in Jun. 2008 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. Texhoma Energy's Inventory-to-Revenue for the quarter that ended in Jun. 2008 was 0.00.

Texhoma Energy Inventory Turnover Historical Data

The historical data trend for Texhoma 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.

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Texhoma Energy Inventory Turnover Chart

Texhoma Energy Annual Data

Trend

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Inventory Turnover

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Texhoma Energy Quarterly Data
	Sep03	Dec03	Mar04	Jun04	Sep04	Dec04	Mar05	Jun05	Sep05	Dec05	Mar06	Jun06	Sep06	Dec06	Mar07	Jun07	Sep07	Dec07	Mar08	Jun08
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Texhoma Energy Inventory Turnover Calculation

Texhoma Energy's Inventory Turnover for the fiscal year that ended in Sep. 2007 is calculated as

	Inventory Turnover (A: Sep. 2007 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Sep. 2007 )	/ (	(Total Inventories (A: Sep. 2006 )	+	Total Inventories (A: Sep. 2007 ))	/	count )
=	0.445	/ (	(0	+	0)	/	1 )
=	0.445	/	0
=	N/A

Texhoma Energy's Inventory Turnover for the quarter that ended in Jun. 2008 is calculated as

	Inventory Turnover (Q: Jun. 2008 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jun. 2008 )	/ (	(Total Inventories (Q: Mar. 2008 )	+	Total Inventories (Q: Jun. 2008 ))	/	count )
=	0.134	/ (	(0	+	0)	/	1 )
=	0.134	/	0
=	N/A

Texhoma Energy (GREY:TXHE) 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.

Texhoma Energy's Days Inventory for the three months ended in Jun. 2008 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2008 )	/	Cost of Goods Sold (Q: Jun. 2008 )	*	Days in Period
	=	0	/	0.134	*	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.

Texhoma Energy's Inventory to Revenue for the quarter that ended in Jun. 2008 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2008 )	/	Revenue (Q: Jun. 2008 )
	=	0	/	0.42
	=	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.

Texhoma Energy Inventory Turnover Related Terms

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Texhoma Energy (Texhoma Energy) Business Description

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Address

24624 I-45 North, Suite 200, Spring, TX, USA, 77386

Website

http://www.texhomaenergy.com

Texhoma Energy Inc is an oil and gas company. It is primarily engaged in the acquisition, exploration, and development of crude oil and natural gas properties. The company holds interests in approximately five oil wells located on the Shooter 916 lease located in Ochiltree County, Texas. It also holds interests in the Tonto North 390 B No. 3 well located in Scurry County, Texas. The firm has various non-operated working interests in approximately eight wells located in Gregg and Upshur Counties, Texas.

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