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. Cimarex Energy Co's Average Total Inventories for the quarter that ended in Sep. 2021 was $29 Mil. Cimarex Energy Co's Revenue for the
three
months ended in Sep. 2021 was $930 Mil.
Cimarex Energy Co's Inventory-to-Revenue for the quarter that ended in Sep. 2021 was 0.03.
Cimarex Energy Co's Inventory-to-Revenue for the quarter that ended in Sep. 2021
declined
from Jun. 2021 (0.04) to Jun. 2021 (0.03)
A decrease in the Inventory-to-Revenue from one quarter to next indicates that one of these is occurring:
1. investment in inventory is shrinking in relation to revenue
2. revenue are increasing
No matter which situation is causing the reduction in the Inventory-to-Revenue, either one suggests that business's inventory levels and its cash flow are effectively managed.
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Cimarex Energy Co's Days Inventory for the
three
months ended in Sep. 2021 was 12.55.
Inventory Turnover measures how fast the company turns over its inventory within a year.
Cimarex Energy Co's Inventory Turnover for the quarter that ended in Sep. 2021 was 7.27.
Cimarex Energy Co Inventory-to-Revenue Historical Data
The historical data trend for Cimarex Energy Co's Inventory-to-Revenue 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.
Competitive Comparison of Cimarex Energy Co's Inventory-to-Revenue
For the Oil & Gas E&P subindustry, Cimarex Energy Co's Inventory-to-Revenue, along with its competitors' market caps and Inventory-to-Revenue data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Cimarex Energy Co's Inventory-to-Revenue Distribution in the Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Cimarex Energy Co's Inventory-to-Revenue distribution charts can be found below:
* The bar in red indicates where Cimarex Energy Co's Inventory-to-Revenue falls into.
Cimarex Energy Co Inventory-to-Revenue Calculation
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.
Cimarex Energy Co's Inventory-to-Revenue for the fiscal year that ended in Dec. 2020 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.
Cimarex Energy Co (NYSE:XEC) Inventory-to-Revenue Explanation
An increase in Inventory-to-Revenue from one quarter to the next indicates that one of the following is happening:
1. investment in inventory is growing more rapidly than revenue
2. revenue are dropping
No matter which situation is causing the problem, an increase in the Inventory-to-Revenue may signal an oncoming cash flow problem.
Likewise, a decrease in the Inventory-to-Revenue from one quarter to next indicates that one of these is occurring:
1. investment in inventory is shrinking in relation to revenue
2. revenue are increasing
No matter which situation is causing the reduction in the Inventory-to-Revenue, either one suggests that business's inventory levels and its cash flow are effectively managed.
More Related Terms:
1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Cimarex Energy Co's Days Inventory for the
three
months ended in Sep. 2021 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.
Cimarex Energy Co Inventory-to-Revenue Related Terms
Thank you for viewing the detailed overview of Cimarex Energy Co's Inventory-to-Revenue provided by GuruFocus.com. Please click on the following links to see related term pages.
Cimarex Energy Co (Cimarex Energy Co) Business Description
Denver-based Cimarex Energy is an independent exploration and production company with operations throughout the Southern and Central United States, where its focus includes the Permian Basin, Woodford Shale, and Meramec horizon. The firm was created in 2002 when it spun off from Helmerich & Payne and then merged with Key Production. At year-end 2018, Cimarex's proved reserves were 591 million barrels of oil equivalent, with net production of 221 thousand boe per day. Natural gas represented 42% of production and 45% of reserves.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
XEC has been successfully added to your 