Goodrich Petroleum (Goodrich Petroleum) Days Inventory : 0.52 (As of Sep. 2021)

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What is Goodrich Petroleum Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Goodrich Petroleum's Average Total Inventories for the three months ended in Sep. 2021 was $0.13 Mil. Goodrich Petroleum's Cost of Goods Sold for the three months ended in Sep. 2021 was $22.77 Mil. Hence, Goodrich Petroleum's Days Inventory for the three months ended in Sep. 2021 was 0.52.

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

GDPCW' s Days Inventory Range Over the Past 10 Years
Min: 0.67 Med: 10.81 Max: 79.62
Current: 0.67

During the past 13 years, Goodrich Petroleum's highest Days Inventory was 79.62. The lowest was 0.67. And the median was 10.81.

GDPCW's Days Inventory is not ranked
in the Oil & Gas industry.
Industry Median: 32.36 vs GDPCW: 0.67

Goodrich Petroleum's Days Inventory declined from Sep. 2020 (1.18) to Sep. 2021 (0.52).

Inventory Turnover measures how fast the company turns over its inventory within a year. Goodrich Petroleum's Inventory Turnover for the three months ended in Sep. 2021 was 175.14.

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. Goodrich Petroleum's Inventory-to-Revenue for the three months ended in Sep. 2021 was 0.00.

Goodrich Petroleum Days Inventory Historical Data

The historical data trend for Goodrich Petroleum'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.

Goodrich Petroleum Days Inventory Chart

Goodrich Petroleum Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Days Inventory

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79.62

38.32

11.17

1.75

0.82

Goodrich Petroleum Quarterly Data
	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21
Days Inventory	Get a 7-Day Free Trial															1.18	0.85	0.66	0.55	0.52

Competitive Comparison of Goodrich Petroleum's Days Inventory

For the Oil & Gas E&P subindustry, Goodrich Petroleum'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.

Goodrich Petroleum's Days Inventory Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Goodrich Petroleum's Days Inventory falls into.

Goodrich Petroleum Days Inventory Calculation

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

Goodrich Petroleum's Days Inventory for the fiscal year that ended in Dec. 2020 is calculated as

	Days Inventory (A: Dec. 2020 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2019 )	+	Total Inventories (A: Dec. 2020 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2020 )	*	Days in Period
=	( (0.234	+	0.13)	/	2 )	/	81.41	*	365
=	0.182					/	81.41	*	365
=	0.82

Goodrich Petroleum's Days Inventory for the quarter that ended in Sep. 2021 is calculated as:

	Days Inventory (Q: Sep. 2021 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Jun. 2021 )	+	Total Inventories (Q: Sep. 2021 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2021 )	*	Days in Period
=	( (0.13	+	0.13)	/	2 )	/	22.768	*	365 / 4
=	0.13					/	22.768	*	365 / 4
=	0.52

Goodrich Petroleum (OTCPK:GDPCW) 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.

Goodrich Petroleum's Inventory Turnover for the three months ended in Sep. 2021 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	22.768	/	0.13
	=	175.14

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.

Goodrich Petroleum's Inventory to Revenue for the three months ended in Sep. 2021 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0.13	/	58.733
	=	0.00

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.

Goodrich Petroleum Days Inventory Related Terms

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

Goodrich Petroleum (Goodrich Petroleum) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Goodrich Petroleum Corp (OTCPK:GDPCW) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

801 Louisiana Street, Suite 700, Houston, TX, USA, 77002

Website

http://www.goodrichpetroleum.com

Goodrich Petroleum Corp is an independent oil and gas producer in the United States. The company operates in the Tuscaloosa Marine Shale region, with minor operations in the Eagle Ford and Haynesville shales. The vast majority of exploitation and development efforts on natural gas are carried out in the core of the Haynesville Shale in North Louisiana.

Executives

Jeffrey Serota	director	123 ROBERT S. KERR AVENUE, OKLAHOMA CITY OK 73120
Kristen Mcwatters	officer: Sr. Vice President, CFO & CAO	801 LOUISIANA, SUITE 700, HOUSTON TX 77002
Edward J. Sondey	director	801 LOUISIANA, SUITE 700, HOUSTON TX 77002
Kenneth Adam Leight	director	801 LOUISIANA, SUITE 700, HOUSTON TX 77002
Thomas M Souers	director	801 LOUISIANA, SUITE 700, HOUSTON TX 77002
Ronald F Coleman	director	4601 WESTWAY PARK BOULEVARD, HOUSTON TX 77041
Timothy D Leuliette	director	P.O. BOX 701482, PLYMOUTH MI 48170
Paloma Partners Vi Holdings, Llc	10 percent owner	1100 LOUISIANA STREET, SUITE 5100, HOUSTON TX 77002
Encap Partners Gp, Llc	10 percent owner	9651 KATY FREEWAY, SUITE 600, HOUSTON TX 77024
Paloma Vi Merger Sub, Inc.	10 percent owner	1100 LOUISIANA STREET, SUITE 5100, HOUSTON TX 77002
Encap Energy Capital Fund Xi, L.p.	10 percent owner	9651 KATY FREEWAY, SUITE 600, HOUSTON TX 77024
Lsp Generation Iv, Llc	10 percent owner	1700 BROADWAY, FLOOR 35, NEW YORK X1 10019
Lsp Investment Advisors, Llc	10 percent owner	1700 BROADWAY, FL. 35, NEW YORK NY 10019
Gen Iv Investment Opportunities, Llc	10 percent owner	1700 BROADWAY, 35TH FLOOR, NEW YORK NY 10019
J.p. Morgan Securities Llc	10 percent owner	383 MADISON AVENUE, NEW YORK NY 10179