Greenfire Resources (Greenfire Resources) Change In Inventory : $0.0 Mil (TTM As of Dec. 2023)

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What is Greenfire Resources Change In Inventory?

Greenfire Resources's change in inventory for the quarter that ended in Dec. 2023 was $0.0 Mil. It means Greenfire Resources's inventory stayed the same from Sep. 2023 to Dec. 2023 .

Greenfire Resources's change in inventory for the fiscal year that ended in Dec. 2023 was $0.0 Mil. It means Greenfire Resources's inventory stayed the same from Dec. 2022 to Dec. 2023 .

Greenfire Resources's Total Inventories for the quarter that ended in Dec. 2023 was $10.3 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Greenfire Resources's Days Inventory for the quarter that ended in Dec. 2023 was 12.90.

Inventory Turnover measures how fast the company turns over its inventory within a year. Greenfire Resources's Inventory Turnover for the quarter that ended in Dec. 2023 was 7.07.

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. Greenfire Resources's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.09.

Greenfire Resources Change In Inventory Historical Data

The historical data trend for Greenfire Resources'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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Greenfire Resources Change In Inventory Chart

Greenfire Resources Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Change In Inventory

Greenfire Resources Quarterly Data
	Dec21	Sep22	Dec22	Sep23	Dec23
Change In Inventory	-	-	-	-	-

Greenfire Resources 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 quarterly data reported by the company within the most recent 12 months, which was $0.0 Mil.

Greenfire Resources (NYSE:GFR) Change In Inventory Explanation

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

Greenfire Resources's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	10.4375	/	73.841	*	365 / 4
	=	12.90

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

Greenfire Resources's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	73.841	/	10.4375
	=	7.07

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.

Greenfire Resources's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	10.4375	/	120.55
	=	0.09

Greenfire Resources Change In Inventory Related Terms

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Greenfire Resources (Greenfire Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Greenfire Resources Ltd (NYSE:GFR) » Definitions » Change In Inventory

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Traded in Other Exchanges

GFR:Canada

Address

1900 – 205 5th Avenue SW, Calgary, AB, CAN, T2P 2V7

Website

https://www.greenfireres.com

Greenfire Resources Ltd explores, acquires, develops and produces oil and gas in the Canadian energy sector and internationally. Greenfire currently has two producing oil sand assets, Hangingstone Expansion and Hangingstone Demo.

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