Crescent Point Energy (Crescent Point Energy) Days Inventory : 0.00 (As of Dec. 2023)

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What is Crescent Point Energy Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Crescent Point Energy's Average Total Inventories for the three months ended in Dec. 2023 was $0 Mil. Crescent Point Energy's Cost of Goods Sold for the three months ended in Dec. 2023 was $200 Mil. Hence, Crescent Point Energy's Days Inventory for the three months ended in Dec. 2023 was 0.00.

The historical rank and industry rank for Crescent Point Energy's Days Inventory or its related term are showing as below:

CPG's Days Inventory is not ranked ^*
in the Oil & Gas industry.
Industry Median: 31.41
* Ranked among companies with meaningful Days Inventory only.

Crescent Point Energy's Days Inventory stayed the same from Dec. 2022 (0.00) to Dec. 2023 (0.00).

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

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. Crescent Point Energy's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.00.

Crescent Point Energy Days Inventory Historical Data

The historical data trend for Crescent Point Energy'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.

* Premium members only.

Crescent Point Energy Days Inventory Chart

Crescent Point Energy Annual Data

Trend

Dec14

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Dec20

Dec21

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Dec23

Days Inventory

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Crescent Point Energy 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															-	-	-	-	-

Competitive Comparison of Crescent Point Energy's Days Inventory

For the Oil & Gas E&P subindustry, Crescent Point Energy'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.

Crescent Point Energy's Days Inventory Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Crescent Point Energy's Days Inventory falls into.

Crescent Point Energy Days Inventory Calculation

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

Crescent Point Energy's Days Inventory for the fiscal year that ended in Dec. 2023 is calculated as

	Days Inventory (A: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (0	+	0)	/	1 )	/	718.023	*	365
=	0					/	718.023	*	365
=	0.00

Crescent Point Energy'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
=	( (0	+	0)	/	1 )	/	200.358	*	365 / 4
=	0					/	200.358	*	365 / 4
=	0.00

Crescent Point Energy (NYSE:CPG) 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.

Crescent Point Energy's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	200.358	/	0
	=

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.

Crescent Point Energy's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0	/	642.069
	=	0.00

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.

Crescent Point Energy Days Inventory Related Terms

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Crescent Point Energy (Crescent Point Energy) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Crescent Point Energy Corp (NYSE:CPG) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

016:Germany 016:Germany CPG:Canada

Address

585 - 8th Avenue S.W., Suite 2000, Calgary, AB, CAN, T2P 1G1

Website

https://www.crescentpointenergy.com

Crescent Point Energy Corp is an independent exploration and production company. It is engaged in acquiring, developing, and holding interests in petroleum and natural gas properties and assets related thereto through a general partnership and wholly-owned subsidiaries. The company generates maximum revenue from Oil and gas sales.