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USEG (US Energy) Inventory Turnover : 0.00 (As of Sep. 2024)


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What is US 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. US Energy's Cost of Goods Sold for the three months ended in Sep. 2024 was $5.43 Mil. US Energy's Average Total Inventories for the quarter that ended in Sep. 2024 was $0.00 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. US Energy's Days Inventory for the three months ended in Sep. 2024 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. US Energy's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 0.00.


US Energy Inventory Turnover Historical Data

The historical data trend for US 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.

* Premium members only.

US Energy Inventory Turnover Chart

US Energy Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Inventory Turnover
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US Energy Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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US Energy Inventory Turnover Calculation

US Energy's Inventory Turnover for the fiscal year that ended in Dec. 2023 is calculated as

Inventory Turnover (A: Dec. 2023 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (A: Dec. 2023 ) / ((Total Inventories (A: Dec. 2022 ) + Total Inventories (A: Dec. 2023 )) / count )
=29.153 / ((0 + 0) / 1 )
=29.153 / 0
=N/A

US Energy's Inventory Turnover for the quarter that ended in Sep. 2024 is calculated as

Inventory Turnover (Q: Sep. 2024 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (Q: Sep. 2024 ) / ((Total Inventories (Q: Jun. 2024 ) + Total Inventories (Q: Sep. 2024 )) / count )
=5.433 / ((0 + 0) / 1 )
=5.433 / 0
=N/A

* 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.


US Energy  (NAS:USEG) 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.

US Energy's Days Inventory for the three months ended in Sep. 2024 is calculated as:

Days Inventory =Average Total Inventories (Q: Sep. 2024 )/Cost of Goods Sold (Q: Sep. 2024 )*Days in Period
=0/5.433*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.

US Energy's Inventory to Revenue for the quarter that ended in Sep. 2024 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Sep. 2024 ) / Revenue (Q: Sep. 2024 )
=0 / 4.957
=0.00

* 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.


US Energy Inventory Turnover Related Terms

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US Energy Business Description

Traded in Other Exchanges
Address
1616 S. Voss Rd., Suite 725, Houston, TX, USA, 77057
US Energy Corp is an independent energy company. It is focused on the acquisition and development of oil and natural gas-producing properties in the continental United States. It has business activities in South Texas and the Williston Basin in North Dakota. The company generates revenue from its interest in the sales of oil and natural gas production.
Executives
Ryan Lewis Smith director, officer: Chief Financial Officer 1600 BROADWAY, SUITE 1360, DENVER CO 80202
Randall D Keys director 3 HICKORY SHADOWS DR, HOUSTON TX 77055
Mark L. Zajac officer: Chief Financial Officer 70 SILVERMONT DR, THE WOODLANDS TX 77382
Wallis T Marsh other: Member of 10% owner group 210 HERITAGE OAKS, HOUSTON TX 77024
King Oil & Gas Company, Inc. other: Members of 10% owner group 9821 KATY FREEWAY, SUITE 805, HOUSTON TX 77024
Wdm Family Partnership, Lp 10 percent owner 210 HERITAGE OAKS LN, HOUSTON TX 77024
Katla Energy Holdings Llc 10 percent owner 1616 S VOSS RD, #530, HOUSTON TX 77057
Synergy Offshore Llc 10 percent owner, other: Member of 10% owner group 9821 KATY FREEWAY, SUITE 805, HOUSTON TX 77024
Benjamin Andrew Stamets 10 percent owner, other: Member of 10% owner group 2121 SAGE ROAD, SUITE 325, HOUSTON TX 77056
Lubbock Energy Partners Llc 10 percent owner, other: Member of 10% owner group 1616 S. VOSS RD.,, STE 530, HOUSTON TX 77057
Lee Hightower 10 percent owner, other: Member of 10% owner group 9821 KATY FREEWAY, SUITE 805, HOUSTON TX 77024
Duane H King director, 10 percent owner, other: Member of 10% owner group 9821 KATY FREEWAY, SUITE 805, HOUSTON TX 77024
Llano Energy Llc other: Member of 10% owner group 2121 SAGE ROAD, SUITE 325, HOUSTON TX 77056
Banner Oil & Gas, Llc 10 percent owner, other: Member of 10% owner group 2121 SAGE ROAD, SUITE 325, HOUSTON TX 77056
Joshua Lane Batchelor director, 10 percent owner, other: Member of 10% owner group 2121 SAGE ROAD, SUITE 325, HOUSTON TX 77056