Topaz Energy (TSX:TPZ) Days Inventory : 0.00 (As of Mar. 2024)

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What is Topaz Energy Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Topaz Energy's Average Total Inventories for the three months ended in Mar. 2024 was C$0.0 Mil. Topaz Energy's Cost of Goods Sold for the three months ended in Mar. 2024 was C$49.3 Mil. Hence, Topaz Energy's Days Inventory for the three months ended in Mar. 2024 was 0.00.

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

TSX:TPZ's Days Inventory is not ranked ^*
in the Oil & Gas industry.
Industry Median: 31.81
* Ranked among companies with meaningful Days Inventory only.

Topaz Energy'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. Topaz Energy's Inventory-to-Revenue for the three months ended in Mar. 2024 was 0.00.

Topaz Energy Days Inventory Historical Data

The historical data trend for Topaz 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.

* Premium members only.

Topaz Energy Days Inventory Chart

Topaz Energy Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

Topaz Energy 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															-	-	-	-	-

Competitive Comparison of Topaz Energy's Days Inventory

For the Oil & Gas Midstream subindustry, Topaz 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.

Topaz Energy's Days Inventory Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Topaz Energy's Days Inventory falls into.

Topaz Energy Days Inventory Calculation

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

Topaz Energy'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 )	/	217.391	*	365
=	0					/	217.391	*	365
=	0.00

Topaz Energy'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 )	/	49.325	*	365 / 4
=	0					/	49.325	*	365 / 4
=	0.00

Topaz Energy (TSX:TPZ) 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.

Topaz Energy's Inventory Turnover for the three months ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	49.325	/	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.

Topaz Energy's Inventory to Revenue for the three months ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0	/	74.844
	=	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.

Topaz Energy Days Inventory Related Terms

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

Topaz Energy (TSX:TPZ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Topaz Energy Corp (TSX:TPZ) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

TPZEF:USA 5XU:Germany

Address

250 - 6th Avenue SW, Suite 3100, Calgary, AB, CAN, T2P 3H7

Website

https://www.topazenergy.ca

Topaz Energy Corp is a royalty and energy infrastructure company focused on generating low-risk income and paying dividends to its shareholders. It generates revenue from the Royalty Assets, which generate the company's Royalty Production Revenue; and the Infrastructure Assets, which generate the company's Processing Revenue and Other Income. The majority of the company's revenue is earned through royalties.

Executives

Stephen Phillip Larke

Director