Days Inventory is also known as Days Sales of Inventory (DSI). NuVista Energy's Average Total Inventories for the
three
months ended in Mar. 2024 was C$15 Mil. NuVista Energy's Cost of Goods Sold for the
three
months ended in Mar. 2024 was C$102 Mil.
Hence, NuVista Energy's Days Inventory for the
three
months ended in Mar. 2024 was 13.59.
The historical rank and industry rank for NuVista Energy's Days Inventory or its related term are showing as below:
TSX:NVA'
s Days Inventory Range Over the Past 10 Years
Min: 8.56 Med: 11.38 Max: 14.66
Current: 14.66
During the past 13 years, NuVista Energy's highest Days Inventory was 14.66. The lowest was 8.56. And the median was 11.38.
TSX:NVA's Days Inventory is ranked better than 71.14% of 731
companies
in the Oil & Gas industry
Industry Median: 31.81
vs TSX:NVA: 14.66
NuVista Energy's Days Inventory
increased
from Mar. 2023 (7.76) to Mar. 2024 (13.59).
It might indicate that NuVista Energy's sales slowed down.
Inventory Turnover measures how fast the company turns over its inventory within a year.
NuVista Energy's Inventory Turnover for the
three
months ended in Mar. 2024 was 6.71.
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.
NuVista Energy's Inventory-to-Revenue for the
three
months ended in Mar. 2024 was 0.05.
NuVista Energy Days Inventory Historical Data
The historical data trend for NuVista Energy'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.
Competitive Comparison of NuVista Energy's Days Inventory
For the Oil & Gas E&P subindustry, NuVista Energy'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.
NuVista Energy's Days Inventory Distribution in the Oil & Gas Industry
For the Oil & Gas industry and Energy sector, NuVista Energy's Days Inventory distribution charts can be found below:
* The bar in red indicates where NuVista Energy's Days Inventory falls into.
NuVista Energy Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
NuVista Energy's Days Inventory for the fiscal year that ended in Dec. 2023 is calculated as
* 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.
NuVista Energy (TSX:NVA) 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.
NuVista Energy's Inventory Turnover for the
three
months ended in Mar. 2024 is calculated as
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.
NuVista Energy's Inventory to Revenue for the
three
months ended in Mar. 2024 is calculated as
* 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.
NuVista Energy Days Inventory Related Terms
Thank you for viewing the detailed overview of NuVista Energy's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
NuVista Energy Ltd engages in the exploration, development, and production of oil and natural gas in the Western Canadian Sedimentary Basin. Products sold include natural gas, condensate & oil, butane, propane, and ethane, with condensate composing nearly half of all sales. Condensate finds significant use in the heavy oil business when applied to heavy oil bitumen. It creates the viscosity needed for pipeline transportation. The Wapiti Montney area delivers the largest portion of hydrocarbon production for NuVista. To better service assets and production in this area, the firm operates compressor and dehydration stations.
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