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Days Inventory is also known as Days Sales of Inventory (DSI). PrimeEnergy Resources's Average Total Inventories for the three months ended in Mar. 2024 was $0.0 Mil. PrimeEnergy Resources's Cost of Goods Sold for the three months ended in Mar. 2024 was $25.2 Mil. Hence, PrimeEnergy Resources's Days Inventory for the three months ended in Mar. 2024 was 0.00.
The historical rank and industry rank for PrimeEnergy Resources's Days Inventory or its related term are showing as below:
PrimeEnergy Resources's Days Inventory stayed the same from Mar. 2023 (0.00) to Mar. 2024 (0.00).
Inventory Turnover measures how fast the company turns over its inventory within a year.
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. PrimeEnergy Resources's Inventory-to-Revenue for the three months ended in Mar. 2024 was 0.00.
The historical data trend for PrimeEnergy Resources'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.
PrimeEnergy Resources Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Days Inventory | Get a 7-Day Free Trial | - | - | - | - | - |
PrimeEnergy Resources Quarterly Data | ||||||||||||||||||||
Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | |
Days Inventory | Get a 7-Day Free Trial | - | - | - | - | - |
For the Oil & Gas E&P subindustry, PrimeEnergy Resources'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.
For the Oil & Gas industry and Energy sector, PrimeEnergy Resources's Days Inventory distribution charts can be found below:
* The bar in red indicates where PrimeEnergy Resources's Days Inventory falls into.
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
PrimeEnergy Resources'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 | + | 0) | / | 1 ) | / | 81.724 | * | 365 |
= | 0 | / | 81.724 | * | 365 | ||||
= | 0.00 |
PrimeEnergy Resources's Days Inventory for the quarter that ended in Mar. 2024 is calculated as:
Days Inventory (Q: Mar. 2024 ) | |||||||||
= | Average Total Inventories | / | Cost of Goods Sold | * | Days in Period | ||||
= | ( (Total Inventories (Q: Dec. 2023 ) | + | Total Inventories (Q: Mar. 2024 )) | / | count ) | / | Cost of Goods Sold (Q: Mar. 2024 ) | * | Days in Period |
= | ( (0 | + | 0) | / | 1 ) | / | 25.204 | * | 365 / 4 |
= | 0 | / | 25.204 | * | 365 / 4 | ||||
= | 0.00 |
* 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.
PrimeEnergy Resources (NAS:PNRG) 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.
PrimeEnergy Resources's Inventory Turnover for the three months ended in Mar. 2024 is calculated as
Inventory Turnover | = | Cost of Goods Sold | / | Average Total Inventories |
= | 25.204 | / | 0 | |
= |
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.
PrimeEnergy Resources's Inventory to Revenue for the three months ended in Mar. 2024 is calculated as
Inventory-to-Revenue | = | Average Total Inventories | / | Revenue |
= | 0 | / | 42.421 | |
= | 0.00 |
* 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.
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.
Thank you for viewing the detailed overview of PrimeEnergy Resources's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Rothschild Robert De | 10 percent owner | 1251 AVENUE OF THE AMERICAS 51ST FL, NEW YORK NY 10020 |
Clint Hurt | director | 4015 HOLLAND #101, DALLAS TX 75219 |
Drimal Charles E Jr | director, 10 percent owner, officer: Chief Executive Officer | 4015 HOLLAND #101, DALLAS TX 75219 |
Gaines Wehrle | director, 10 percent owner | |
Gifford Fong | director | |
Jan K Smeets | director | 4015 HOLLAND #101, DALLAS TX 75219 |
Mcjunkin Red Man Holding Corp | 10 percent owner | FULBRIGHT TOWER, 1301 MCKINNEY STREET, SUITE 2300, HOUSTON TX 77010 |
Mcjunkin Red Man Corp | 10 percent owner | 2 HOUSTON CENTER, 909 FANNIN, SUITE 3100, HOUSTON TX 77010 |
Rene Pierre Azria | 10 percent owner | C/O JARDEN CORP, 555 THEODORE FREMD AVE, RYE NY 10580 |
Gimbel Thomas S T | director | |
Goldman Sachs Group Inc | 10 percent owner | 200 WEST STREET, NEW YORK NY 10282 |
Goldman Sachs & Co. Llc | 10 percent owner | 200 WEST STREET, NEW YORK NY 10282 |
Gs Capital Partners Vi Gmbh & Co Kg | 10 percent owner | 200 WEST STREET, New York NY 10282 |
Gs Capital Partners Vi Parallel Lp | 10 percent owner | 85 Broad St, New York NY 10004 |
Gs Advisors Vi, L.l.c. | 10 percent owner | 1209 ORANGE STREET, WILMINGTON DE 19801 |
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