Ring Energy (Ring Energy) Change In Inventory : $2.8 Mil (TTM As of Mar. 2024)

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What is Ring Energy Change In Inventory?

Ring Energy's change in inventory for the quarter that ended in Mar. 2024 was $0.2 Mil. It means Ring Energy's inventory declined by $0.2 Mil from Dec. 2023 to Mar. 2024 .

Ring Energy's change in inventory for the fiscal year that ended in Dec. 2023 was $3.1 Mil. It means Ring Energy's inventory declined by $3.1 Mil from Dec. 2022 to Dec. 2023 .

Ring Energy's Total Inventories for the quarter that ended in Mar. 2024 was $6.0 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Ring Energy's Days Inventory for the quarter that ended in Mar. 2024 was 11.25.

Inventory Turnover measures how fast the company turns over its inventory within a year. Ring Energy's Inventory Turnover for the quarter that ended in Mar. 2024 was 8.11.

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. Ring Energy's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.06.

Ring Energy Change In Inventory Historical Data

The historical data trend for Ring Energy'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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Ring Energy Change In Inventory Chart

Ring Energy Annual Data

Trend

Dec14

Dec15

Dec16

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Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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-5.60

3.11

Ring Energy Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Change In Inventory	Get a 7-Day Free Trial															0.44	1.48	1.78	-0.59	0.17

Ring Energy 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $2.8 Mil.

Ring Energy (AMEX:REI) Change In Inventory Explanation

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

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

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	6.0515	/	49.068	*	365 / 4
	=	11.25

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

Ring Energy's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	49.068	/	6.0515
	=	8.11

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.

Ring Energy's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	6.0515	/	94.503
	=	0.06

Ring Energy Change In Inventory Related Terms

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Ring Energy (Ring Energy) Business Description

Industry

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KWE1:Germany

Address

1725 Hughes Landing Boulevard, Suite 900, The Woodlands, TX, USA, 77380

Website

https://www.ringenergy.com

Ring Energy Inc is an independent exploration and production company based in The Woodlands, Texas and is engaged in oil and natural gas development, production, acquisition, and exploration activities currently focused in the Permian Basin of Texas. The drilling operations of the company target the oil and liquids rich producing formations in the Northwest Shelf, the Central Basin Platform, and the Delaware Basin all of which are part of the Permian Basin in Texas.

Executives

John A Crum	director	5400 WESTHEIMER COURT, HOUSTON TX 77056
Paul D. Mckinney	director, officer: CEO and Chairman of the Board	1177 WEST LOOP SOUTH, SUITE 1825, HOUSTON TX 77027
Anthony Benedict Petrelli	director	6250 RAIN DANCE TRAIL, LITTLETON CO 80125
Stronghold Energy Ii Operating, Llc	10 percent owner	508 W. WALL STREET, SUITE %%), MIDLAND TX 79701
Warburg Pincus & Co Us, Llc	10 percent owner	C/O WARBURG PINCUS LLC, 450 LEXINGTON AVENUE, NEW YORK NY 10017
Warburg Pincus (e&p) Xii Llc	10 percent owner	450 LEXINGTON AVENUE, NEW YORK NY 10017
Richard E Harris	director	2000 CHARWOOD DR, APT 2502, COLUMBUS IN 47201
William T Kruse	10 percent owner	1340 S MAIN ST., STE 300, GRAPEVINE TX 76051
David Habachy	director	C/O WARBURG PINCUS LLC, 450 LEXINGTON AVE, NEW YORK NY 10017
Warburg Pincus (e&p) Xii, L.p.	10 percent owner	450 LEXINGTON AVENUE, NEW YORK NY 10017
Warburg Pincus Private Equity (e&p) Xii-d (a), L.p.	10 percent owner	C/O WARBURG PINCUS LLC, 450 LEXINGTON, NEW YORK NY 10017
Wp Xii (e&p) Partners (a), L.p.	10 percent owner	C/O WARBURG PINCUS LLC, 450 LEXINGTON, NEW YORK NY 10017
Warburg Pincus Xii (e&p) Partners-2, L.p.	10 percent owner	C/O WARBURG PINCUS LLC, 450 LEXINGTON, NEW YORK NY 10017
Warburg Pincus Xii (e&p) Partners-1, L.p.	10 percent owner	C/O WARBURG PINCUS LLC, 450 LEXINGTON, NEW YORK NY 10017
Warburg Pincus Private Equity (e&p) Xii-e (a), L.p.	10 percent owner	C/O WARBURG PINCUS LLC, 450 LEXINGTON, NEW YORK NY 10017