Source Rock Royalties (TSXV:SRR) Days Inventory : 0.00 (As of Dec. 2023)

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What is Source Rock Royalties Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Source Rock Royalties's Average Total Inventories for the three months ended in Dec. 2023 was C$0.00 Mil. Source Rock Royalties's Cost of Goods Sold for the three months ended in Dec. 2023 was C$0.85 Mil. Hence, Source Rock Royalties's Days Inventory for the three months ended in Dec. 2023 was 0.00.

The historical rank and industry rank for Source Rock Royalties's Days Inventory or its related term are showing as below:

TSXV:SRR's Days Inventory is not ranked ^*
in the Oil & Gas industry.
Industry Median: 31.72
* Ranked among companies with meaningful Days Inventory only.

Source Rock Royalties's Days Inventory stayed the same from Dec. 2022 (0.00) to Dec. 2023 (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. Source Rock Royalties's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.00.

Source Rock Royalties Days Inventory Historical Data

The historical data trend for Source Rock Royalties'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.

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Source Rock Royalties Days Inventory Chart

Source Rock Royalties Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Days Inventory

Source Rock Royalties Quarterly Data
	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Inventory	Get a 7-Day Free Trial								-	-	-	-	-

Competitive Comparison of Source Rock Royalties's Days Inventory

For the Oil & Gas Midstream subindustry, Source Rock Royalties'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.

Source Rock Royalties's Days Inventory Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Source Rock Royalties's Days Inventory falls into.

Source Rock Royalties Days Inventory Calculation

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

Source Rock Royalties'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 )	/	3.182	*	365
=	0					/	3.182	*	365
=	0.00

Source Rock Royalties'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
=	( (0	+	0)	/	1 )	/	0.853	*	365 / 4
=	0					/	0.853	*	365 / 4
=	0.00

Source Rock Royalties (TSXV:SRR) 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.

Source Rock Royalties's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	0.853	/	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.

Source Rock Royalties's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0	/	1.72
	=	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.

Source Rock Royalties Days Inventory Related Terms

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

Source Rock Royalties (TSXV:SRR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Source Rock Royalties Ltd (TSXV:SRR) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

SRRRF:USA

Address

421 - 7th Avenue S.W, 30th Floor, Calgary, AB, CAN, T2P 4K9

Website

https://www.sourcerockroyalties.com

Source Rock Royalties Ltd is a pure-play oil and gas royalty company with an existing, light oil-focused portfolio of royalty interests concentrated in southeast Saskatchewan, east-central Alberta, west-central Alberta, and west-central Saskatchewan.

Executives

Bradley Robert Docherty	Director, Senior Officer
Shaun Ashton Thiessen	Director

Source Rock Royalties (TSXV:SRR) Headlines

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