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. Texas Pacific Land's Average Total Inventories for the quarter that ended in Dec. 2023 was $130.0 Mil. Texas Pacific Land's Revenue for the
three
months ended in Dec. 2023 was $166.7 Mil.
Texas Pacific Land's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.78.
Texas Pacific Land's Inventory-to-Revenue for the quarter that ended in Dec. 2023
declined
from Sep. 2023 (0.82) to Sep. 2023 (0.78)
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.
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Texas Pacific Land's Days Inventory for the
three
months ended in Dec. 2023 was 916.48.
Inventory Turnover measures how fast the company turns over its inventory within a year.
Texas Pacific Land's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.10.
Texas Pacific Land Inventory-to-Revenue Historical Data
The historical data trend for Texas Pacific Land'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 Texas Pacific Land's Inventory-to-Revenue
For the Oil & Gas E&P subindustry, Texas Pacific Land'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.
Texas Pacific Land's Inventory-to-Revenue Distribution in the Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Texas Pacific Land's Inventory-to-Revenue distribution charts can be found below:
* The bar in red indicates where Texas Pacific Land's Inventory-to-Revenue falls into.
Texas Pacific Land 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.
Texas Pacific Land'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.
Texas Pacific Land (NYSE:TPL) 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.
Texas Pacific Land's Days Inventory for the
three
months 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.
Texas Pacific Land Inventory-to-Revenue Related Terms
Thank you for viewing the detailed overview of Texas Pacific Land's Inventory-to-Revenue provided by GuruFocus.com. Please click on the following links to see related term pages.
Texas Pacific Land (Texas Pacific Land) Business Description
Texas Pacific Land Corp is mainly engaged in sales and leases of land owned, retaining oil and gas royalties, and the overall management of the land owned. It operates its business in two segments including Land and Resource Management and Water Service and Operations. The Land and Resource Management segment focuses on managing its oil and gas royalty interest and surface acres located in 19 different counties. The Water Service and Operations segment includes Water Sourcing, Produced Water Gathering / Treatment / Recycling, Infrastructure Development, Produced Water Disposal, Water Tracking / Analytics / Well Testing.
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