Days Inventory is also known as Days Sales of Inventory (DSI). CVR Energy's Average Total Inventories for the
three
months ended in Dec. 2023 was $607 Mil. CVR Energy's Cost of Goods Sold for the
three
months ended in Dec. 2023 was $2,046 Mil.
Hence, CVR Energy's Days Inventory for the
three
months ended in Dec. 2023 was 27.07.
The historical rank and industry rank for CVR Energy's Days Inventory or its related term are showing as below:
CVI'
s Days Inventory Range Over the Past 10 Years
Min: 17.89 Med: 22.89 Max: 29.66
Current: 27.17
During the past 13 years, CVR Energy's highest Days Inventory was 29.66. The lowest was 17.89. And the median was 22.89.
CVI's Days Inventory is ranked better than 54.46% of 729
companies
in the Oil & Gas industry
Industry Median: 31.63
vs CVI: 27.17
CVR Energy's Days Inventory
increased
from Dec. 2022 (23.94) to Dec. 2023 (27.07).
It might indicate that CVR Energy's sales slowed down.
Inventory Turnover measures how fast the company turns over its inventory within a year.
CVR Energy's Inventory Turnover for the
three
months ended in Dec. 2023 was 3.37.
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.
CVR Energy's Inventory-to-Revenue for the
three
months ended in Dec. 2023 was 0.28.
CVR Energy Days Inventory Historical Data
The historical data trend for CVR 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.
For the Oil & Gas Refining & Marketing subindustry, CVR 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.
CVR Energy Days Inventory Distribution
For the Oil & Gas industry and Energy sector, CVR Energy's Days Inventory distribution charts can be found below:
* The bar in red indicates where CVR Energy's Days Inventory falls into.
CVR Energy Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
CVR Energy's Days Inventory for the fiscal year that ended in Dec. 2023 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.
CVR Energy (NYSE:CVI) 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.
CVR Energy's Inventory Turnover for the
three
months ended in Dec. 2023 is calculated as
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.
CVR Energy's Inventory to Revenue for the
three
months ended in Dec. 2023 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.
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.
CVR Energy Days Inventory Related Terms
Thank you for viewing the detailed overview of CVR Energy's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
CVR Energy Inc is a holding company that engages in petroleum refining and nitrogen fertilizer manufacturing through its holdings in CVR Refining LP and CVR Partners, LP. CVR Refining LP includes several complex full coking crude oil refineries, along with a crude oil gathering system, pipelines and storage tanks, and marketing and supply. The company's refineries can process blends of a variety of crude oil ranging from heavy sour to light sweet crude oil. Crude oil for CVR's refineries is supplied through its wholly-owned gathering system and pipeline. From its refineries, CVR supplies product through tanker trucks directly to customers located in close geographic proximity and customers at throughput terminals. The company's customers include retailers, railroads, and farm cooperatives.
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