Texas Pacific Land (FRA:9WY) Days Inventory : 936.50 (As of Dec. 2023)

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What is Texas Pacific Land Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Texas Pacific Land's Average Total Inventories for the three months ended in Dec. 2023 was €121.8 Mil. Texas Pacific Land's Cost of Goods Sold for the three months ended in Dec. 2023 was €11.9 Mil. Hence, Texas Pacific Land's Days Inventory for the three months ended in Dec. 2023 was 936.50.

The historical rank and industry rank for Texas Pacific Land's Days Inventory or its related term are showing as below:

FRA:9WY' s Days Inventory Range Over the Past 10 Years
Min: 153.83 Med: 1211.41 Max: 21611.84
Current: 889.03

During the past 13 years, Texas Pacific Land's highest Days Inventory was 21611.84. The lowest was 153.83. And the median was 1211.41.

FRA:9WY's Days Inventory is ranked worse than
99.45% of 729 companies
in the Oil & Gas industry
Industry Median: 31.5 vs FRA:9WY: 889.03

Texas Pacific Land's Days Inventory declined from Dec. 2022 (1,364.44) to Dec. 2023 (936.50).

Inventory Turnover measures how fast the company turns over its inventory within a year. Texas Pacific Land's Inventory Turnover for the three months ended in Dec. 2023 was 0.10.

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. Texas Pacific Land's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.80.

Texas Pacific Land Days Inventory Historical Data

The historical data trend for Texas Pacific Land'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.

Texas Pacific Land Days Inventory Chart

Texas Pacific Land Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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715.17

1,263.87

1,298.84

1,177.94

853.02

Texas Pacific Land Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Inventory	Get a 7-Day Free Trial															1,364.44	1,110.44	775.56	970.29	936.50

Competitive Comparison of Texas Pacific Land's Days Inventory

For the Oil & Gas E&P subindustry, Texas Pacific Land'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.

Texas Pacific Land's Days Inventory Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Texas Pacific Land's Days Inventory falls into.

Texas Pacific Land Days Inventory Calculation

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

Texas Pacific Land'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
=	( (103.561	+	0)	/	1 )	/	44.313	*	365
=	103.561					/	44.313	*	365
=	853.02

Texas Pacific Land'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: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (121.832	+	0)	/	1 )	/	11.871	*	365 / 4
=	121.832					/	11.871	*	365 / 4
=	936.50

Texas Pacific Land (FRA:9WY) 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.

Texas Pacific Land's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	11.871	/	121.832
	=	0.10

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.

Texas Pacific Land's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	121.832	/	152.824
	=	0.80

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.

Texas Pacific Land Days Inventory Related Terms

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

Texas Pacific Land (FRA:9WY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Texas Pacific Land Corp (FRA:9WY) » Definitions » Days Inventory

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Traded in Other Exchanges

TPL:USA

Address

1700 Pacific Avenue, Suite 2900, Dallas, TX, USA, 75201

Website

https://www.texaspacific.com

Texas Pacific Land Corp is mainly engaged in sales and leases of land owned, retaining oil and gas royalties, and the overall management of the land owned. It operates its business in two segments including Land and Resource Management and Water Service and Operations. The Land and Resource Management segment focuses on managing its oil and gas royalty interest and surface acres located in 19 different counties. The Water Service and Operations segment includes Water Sourcing, Produced Water Gathering / Treatment / Recycling, Infrastructure Development, Produced Water Disposal, Water Tracking / Analytics / Well Testing.

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