Oil & Natural Gas (BOM:500312) Days Inventory : 42.44 (As of Dec. 2023)

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What is Oil & Natural Gas Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Oil & Natural Gas's Average Total Inventories for the three months ended in Dec. 2023 was ₹543,012 Mil. Oil & Natural Gas's Cost of Goods Sold for the three months ended in Dec. 2023 was ₹1,167,617 Mil. Hence, Oil & Natural Gas's Days Inventory for the three months ended in Dec. 2023 was 42.44.

The historical rank and industry rank for Oil & Natural Gas's Days Inventory or its related term are showing as below:

BOM:500312' s Days Inventory Range Over the Past 10 Years
Min: 35.49 Med: 47.58 Max: 61.7
Current: 42.54

During the past 13 years, Oil & Natural Gas's highest Days Inventory was 61.70. The lowest was 35.49. And the median was 47.58.

BOM:500312's Days Inventory is ranked worse than
61.13% of 728 companies
in the Oil & Gas industry
Industry Median: 31.3 vs BOM:500312: 42.54

Oil & Natural Gas's Days Inventory increased from Dec. 2022 (38.12) to Dec. 2023 (42.44). It might indicate that Oil & Natural Gas's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Oil & Natural Gas's Inventory Turnover for the three months ended in Dec. 2023 was 2.15.

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. Oil & Natural Gas's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.33.

Oil & Natural Gas Days Inventory Historical Data

The historical data trend for Oil & Natural Gas's Days Inventory 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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Oil & Natural Gas Days Inventory Chart

Oil & Natural Gas Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Inventory

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38.60

40.29

61.70

50.22

37.34

Oil & Natural Gas Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Inventory	Get a 7-Day Free Trial															38.12	36.91	37.54	55.44	42.44

Competitive Comparison of Oil & Natural Gas's Days Inventory

For the Oil & Gas Integrated subindustry, Oil & Natural Gas's Days Inventory, along with its competitors' market caps and Days Inventory 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.

Oil & Natural Gas's Days Inventory Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Oil & Natural Gas's Days Inventory distribution charts can be found below:

* The bar in red indicates where Oil & Natural Gas's Days Inventory falls into.

Oil & Natural Gas Days Inventory Calculation

Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Oil & Natural Gas's Days Inventory for the fiscal year that ended in Mar. 2023 is calculated as

	Days Inventory (A: Mar. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Mar. 2022 )	+	Total Inventories (A: Mar. 2023 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2023 )	*	Days in Period
=	( (541630.99	+	442380.7)	/	2 )	/	4808733.5	*	365
=	492005.845					/	4808733.5	*	365
=	37.34

Oil & Natural Gas's Days Inventory for the quarter that ended in Dec. 2023 is calculated as:

	Days Inventory (Q: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (543012.1	+	0)	/	1 )	/	1167617	*	365 / 4
=	543012.1					/	1167617	*	365 / 4
=	42.44

Oil & Natural Gas (BOM:500312) Days Inventory Explanation

Days Inventory indicates the liquidity of the inventory. Generally, a lower Days Inventory is preferred as it indicates a shorter duration to clear off the inventory. An increase of the ratio may indicate the company's sales slowed. Similar ratios related to Days Inventory are:

1. Inventory Turnover measures how fast the company turns over its inventory within a year.

Oil & Natural Gas's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	1167617	/	543012.1
	=	2.15

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.

Oil & Natural Gas's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	543012.1	/	1655690.6
	=	0.33

Be Aware

A lot of business are seasonable. It makes more sense to compare Days Inventory from the same period in the previous year instead of from the previous quarter.

Oil & Natural Gas Days Inventory Related Terms

Thank you for viewing the detailed overview of Oil & Natural Gas's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.

Oil & Natural Gas (BOM:500312) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Oil & Natural Gas Corp Ltd (BOM:500312) » Definitions » Days Inventory

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ONGC:India

Address

Plot No. 5A-5B, Nelson Mandela Road, Deendayal Urja Bhawan, Vasant Kunj, New Delhi, IND, 110070

Website

https://www.ongcindia.com

Oil & Natural Gas Corp Ltd is an Indian-based company. It engages in the exploration, development, and production of oil and natural gas. The company operates onshore and offshore fields globally through joint ventures and partnerships. Crude oil production has been the lead revenue generator, with Russian assets providing the most production. Apart from the exploration and production operations, it engages in the transportation and refining of hydrocarbon products. Oil and Natural Gas Corp carries out its business as a public sector undertaking for the Government of India.

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