Bass Oil (ASX:BAS) Days Inventory : 32.05 (As of Dec. 2023)

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What is Bass Oil Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Bass Oil's Average Total Inventories for the six months ended in Dec. 2023 was A$0.54 Mil. Bass Oil's Cost of Goods Sold for the six months ended in Dec. 2023 was A$3.08 Mil. Hence, Bass Oil's Days Inventory for the six months ended in Dec. 2023 was 32.05.

The historical rank and industry rank for Bass Oil's Days Inventory or its related term are showing as below:

ASX:BAS' s Days Inventory Range Over the Past 10 Years
Min: 7.92 Med: 26.7 Max: 35.01
Current: 28.47

During the past 13 years, Bass Oil's highest Days Inventory was 35.01. The lowest was 7.92. And the median was 26.70.

ASX:BAS's Days Inventory is ranked better than
53.5% of 729 companies
in the Oil & Gas industry
Industry Median: 32.19 vs ASX:BAS: 28.47

Bass Oil's Days Inventory increased from Dec. 2022 (19.45) to Dec. 2023 (32.05). It might indicate that Bass Oil's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Bass Oil's Inventory Turnover for the six months ended in Dec. 2023 was 5.69.

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. Bass Oil's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.10.

Bass Oil Days Inventory Historical Data

The historical data trend for Bass Oil'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.

Bass Oil Days Inventory Chart

Bass Oil Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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25.14

35.01

29.82

22.88

30.83

Bass Oil Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Inventory	Get a 7-Day Free Trial															25.96	25.64	19.45	22.54	32.05

Competitive Comparison of Bass Oil's Days Inventory

For the Oil & Gas E&P subindustry, Bass Oil'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.

Bass Oil's Days Inventory Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Bass Oil's Days Inventory falls into.

Bass Oil Days Inventory Calculation

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

Bass Oil'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
=	( (0.365	+	0.68)	/	2 )	/	6.186	*	365
=	0.5225					/	6.186	*	365
=	30.83

Bass Oil'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: Jun. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (0.401	+	0.68)	/	2 )	/	3.078	*	365 / 2
=	0.5405					/	3.078	*	365 / 2
=	32.05

Bass Oil (ASX:BAS) 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.

Bass Oil's Inventory Turnover for the six months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	3.078	/	0.5405
	=	5.69

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.

Bass Oil's Inventory to Revenue for the six months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0.5405	/	5.486
	=	0.10

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.

Bass Oil Days Inventory Related Terms

Thank you for viewing the detailed overview of Bass Oil's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.

Bass Oil (ASX:BAS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Bass Oil Ltd (ASX:BAS) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

11-19 Bank Place, Level 5, Melbourne, VIC, AUS, 3000

Website

https://www.bassoil.com.au

Bass Oil Ltd is engaged in oil production. Its project includes Tangai-Sukananti KSO. The operating segment of the company is Oil Production.

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