Empire Energy Group (ASX:EEG) Change In Inventory : A$0.00 Mil (TTM As of Dec. 2023)

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What is Empire Energy Group Change In Inventory?

Empire Energy Group's change in inventory for the quarter that ended in Dec. 2023 was A$0.00 Mil. It means Empire Energy Group's inventory stayed the same from Jun. 2023 to Dec. 2023 .

Empire Energy Group's change in inventory for the fiscal year that ended in Dec. 2023 was A$0.00 Mil. It means Empire Energy Group's inventory stayed the same from Dec. 2022 to Dec. 2023 .

Empire Energy Group's Total Inventories for the quarter that ended in Dec. 2023 was A$0.04 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Empire Energy Group's Days Inventory for the quarter that ended in Dec. 2023 was 3.57.

Inventory Turnover measures how fast the company turns over its inventory within a year. Empire Energy Group's Inventory Turnover for the quarter that ended in Dec. 2023 was 51.06.

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. Empire Energy Group's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.02.

Empire Energy Group Change In Inventory Historical Data

The historical data trend for Empire Energy Group's Change In 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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Empire Energy Group Change In Inventory Chart

Empire Energy Group Annual Data

Trend

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Dec23

Change In Inventory

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Empire Energy Group Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Change In Inventory	Get a 7-Day Free Trial															-	-	-	-	-

Empire Energy Group Change In Inventory Calculation

Change In Inventory is the difference between last period's ending inventory and the current period's ending inventory.

Change In Inventory for the trailing twelve months (TTM) ended in Dec. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was A$0.00 Mil.

Empire Energy Group (ASX:EEG) Change In Inventory Explanation

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

Empire Energy Group's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	0.0565	/	2.885	*	365 / 2
	=	3.57

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

Empire Energy Group's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	2.885	/	0.0565
	=	51.06

3. 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.

Empire Energy Group's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0.0565	/	2.852
	=	0.02

Empire Energy Group Change In Inventory Related Terms

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Empire Energy Group (ASX:EEG) Business Description

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EEGUF:USA

Address

6-10 O'Connell Street, Level 5, Sydney, NSW, AUS, 2000

Website

https://empireenergygroup.net

Empire Energy Group Ltd is an oil and gas exploration and production company focused on onshore long-life oil & gas fields, in the USA. The progression of exploration & appraisal work programs in its wholly-owned and operated exploration tenements & applications located in the high petroleum-prospective Northern Territory McArthur Basin (including the Beetaloo Sub-Basin). It sells oil and gas products to owners of domestic pipelines, utilities, and refiners located in Pennsylvania and New York. It operates in three segments- United States Operations, Northern Territory, and corporate. The majority is derived from United States operations segment, which includes all oil and gas operations located in the USA. Revenue is derived from the sale of oil and gas and the operation of wells.

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