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. Ring Energy's Average Total Inventories for the quarter that ended in Mar. 2024 was $6.1 Mil. Ring Energy's Revenue for the
three
months ended in Mar. 2024 was $94.5 Mil.
Ring Energy's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.06.
Ring Energy's Inventory-to-Revenue for the quarter that ended in Mar. 2024
increased
from Dec. 2023 (0.06) to Dec. 2023 (0.06)
An increase in Inventory-to-Revenue from one quarter to the next indicates that one of the following is happening:
1. investment in inventory is growing more rapidly than revenue
2. revenue are dropping
No matter which situation is causing the problem, an increase in the Inventory-to-Revenue may signal an oncoming cash flow problem.
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Ring Energy's Days Inventory for the
three
months ended in Mar. 2024 was 11.25.
Inventory Turnover measures how fast the company turns over its inventory within a year.
Ring Energy's Inventory Turnover for the quarter that ended in Mar. 2024 was 8.11.
Ring Energy Inventory-to-Revenue Historical Data
The historical data trend for Ring Energy's Inventory-to-Revenue 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 Ring Energy's Inventory-to-Revenue
For the Oil & Gas E&P subindustry, Ring Energy's Inventory-to-Revenue, along with its competitors' market caps and Inventory-to-Revenue 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.
Ring Energy's Inventory-to-Revenue Distribution in the Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Ring Energy's Inventory-to-Revenue distribution charts can be found below:
* The bar in red indicates where Ring Energy's Inventory-to-Revenue falls into.
Ring Energy Inventory-to-Revenue Calculation
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.
Ring Energy's Inventory-to-Revenue 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.
Ring Energy (AMEX:REI) Inventory-to-Revenue Explanation
An increase in Inventory-to-Revenue from one quarter to the next indicates that one of the following is happening:
1. investment in inventory is growing more rapidly than revenue
2. revenue are dropping
No matter which situation is causing the problem, an increase in the Inventory-to-Revenue may signal an oncoming cash flow problem.
Likewise, a decrease in the Inventory-to-Revenue from one quarter to next indicates that one of these is occurring:
1. investment in inventory is shrinking in relation to revenue
2. revenue are increasing
No matter which situation is causing the reduction in the Inventory-to-Revenue, either one suggests that business's inventory levels and its cash flow are effectively managed.
More Related Terms:
1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Ring Energy's Days Inventory 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.
Ring Energy Inventory-to-Revenue Related Terms
Thank you for viewing the detailed overview of Ring Energy's Inventory-to-Revenue provided by GuruFocus.com. Please click on the following links to see related term pages.
Ring Energy Inc is an independent exploration and production company based in The Woodlands, Texas and is engaged in oil and natural gas development, production, acquisition, and exploration activities currently focused in the Permian Basin of Texas. The drilling operations of the company target the oil and liquids rich producing formations in the Northwest Shelf, the Central Basin Platform, and the Delaware Basin all of which are part of the Permian Basin in Texas.
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