West Texas Resources (West Texas Resources) Days Inventory : 0.00 (As of Sep. 2023)

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What is West Texas Resources Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). West Texas Resources's Average Total Inventories for the three months ended in Sep. 2023 was $0.00 Mil. West Texas Resources's Cost of Goods Sold for the three months ended in Sep. 2023 was $0.00 Mil. Hence, West Texas Resources's Days Inventory for the three months ended in Sep. 2023 was 0.00.

The historical rank and industry rank for West Texas Resources's Days Inventory or its related term are showing as below:

WTXR's Days Inventory is not ranked ^*
in the Oil & Gas industry.
Industry Median: 31.94
* Ranked among companies with meaningful Days Inventory only.

West Texas Resources's Days Inventory stayed the same from Mar. 2017 (0.00) to Sep. 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.

West Texas Resources Days Inventory Historical Data

The historical data trend for West Texas 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.

* Premium members only.

West Texas Resources Days Inventory Chart

West Texas Resources Annual Data

Trend

Sep11

Sep12

Sep13

Sep14

Sep15

Sep16

Days Inventory

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West Texas Resources Quarterly Data
	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Sep22	Sep23
Days Inventory	Get a 7-Day Free Trial															-	-	-	-	-

Competitive Comparison of West Texas Resources's Days Inventory

For the Oil & Gas E&P subindustry, West Texas 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.

West Texas Resources's Days Inventory Distribution in the Oil & Gas Industry

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

* The bar in red indicates where West Texas Resources's Days Inventory falls into.

West Texas Resources Days Inventory Calculation

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

West Texas Resources's Days Inventory for the fiscal year that ended in Sep. 2016 is calculated as

	Days Inventory (A: Sep. 2016 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Sep. 2015 )	+	Total Inventories (A: Sep. 2016 ))	/	count )	/	Cost of Goods Sold (A: Sep. 2016 )	*	Days in Period
=	( (0	+	0)	/	1 )	/	0	*	365
=	0					/	0	*	365
=	N/A

West Texas Resources's Days Inventory for the quarter that ended in Sep. 2023 is calculated as:

	Days Inventory (Q: Sep. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Sep. 2022 )	+	Total Inventories (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (0	+	0)	/	1 )	/	0.001	*	365 / 4
=	0					/	0.001	*	365 / 4
=	0.00

West Texas Resources (OTCPK:WTXR) 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.

West Texas Resources's Inventory Turnover for the three months ended in Sep. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	0.001	/	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.

West Texas Resources's Inventory to Revenue for the three months ended in Sep. 2023 is calculated as

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

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.

West Texas Resources Days Inventory Related Terms

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

West Texas Resources (West Texas Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » West Texas Resources Inc (OTCPK:WTXR) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

5729 Lebanon Road, Suite 144, Frisco, TX, USA, 75034

Website

http://www.westtexasresources.com

West Texas Resources Inc is a United States-based company engaged in the acquisition, exploration, and development of oil and gas properties in North America. The Company targets both new and existing fields and producing wells to be revitalized.

West Texas Resources (West Texas Resources) Headlines

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