Prairie Provident Resources (Prairie Provident Resources) Days Inventory : 0.00 (As of Dec. 2023)

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What is Prairie Provident Resources Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Prairie Provident Resources's Average Total Inventories for the three months ended in Dec. 2023 was $0.00 Mil. Prairie Provident Resources's Cost of Goods Sold for the three months ended in Dec. 2023 was $13.65 Mil. Hence, Prairie Provident Resources's Days Inventory for the three months ended in Dec. 2023 was 0.00.

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

PRPRF' s Days Inventory Range Over the Past 10 Years
Min: 2.65 Med: 3.56 Max: 10.47
Current: 4.34

During the past 13 years, Prairie Provident Resources's highest Days Inventory was 10.47. The lowest was 2.65. And the median was 3.56.

PRPRF's Days Inventory is ranked better than
90.41% of 730 companies
in the Oil & Gas industry
Industry Median: 31.47 vs PRPRF: 4.34

Prairie Provident Resources's Days Inventory declined from Dec. 2022 (3.43) 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. Prairie Provident Resources's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.00.

Prairie Provident Resources Days Inventory Historical Data

The historical data trend for Prairie Provident 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.

Prairie Provident Resources Days Inventory Chart

Prairie Provident Resources Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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3.36

3.87

3.54

3.52

4.29

Prairie Provident Resources Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Inventory	Get a 7-Day Free Trial															3.43	3.85	5.20	4.30	-

Competitive Comparison of Prairie Provident Resources's Days Inventory

For the Oil & Gas E&P subindustry, Prairie Provident 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.

Prairie Provident Resources's Days Inventory Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Prairie Provident Resources's Days Inventory falls into.

Prairie Provident Resources Days Inventory Calculation

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

Prairie Provident Resources'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
=	( (0.631	+	0)	/	1 )	/	53.699	*	365
=	0.631					/	53.699	*	365
=	4.29

Prairie Provident Resources'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 )	/	13.645	*	365 / 4
=	0					/	13.645	*	365 / 4
=	0.00

Prairie Provident Resources (OTCPK:PRPRF) 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.

Prairie Provident Resources's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	13.645	/	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.

Prairie Provident Resources's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0	/	13.702
	=	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.

Prairie Provident Resources Days Inventory Related Terms

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

Prairie Provident Resources (Prairie Provident Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Prairie Provident Resources Inc (OTCPK:PRPRF) » Definitions » Days Inventory

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Traded in Other Exchanges

09N:Germany PPR:Canada

Address

1100, 640 - 5th Avenue SW, Calgary, AB, CAN, T2P 3G4

Website

https://www.ppr.ca

Prairie Provident Resources Inc is an independent oil and natural gas exploration, development, and production company generating revenue from Oil and natural gas. The company's operations are primarily focused on the Princess and Michichi areas in Southern Alberta targeting the Ellerslie, Lithic Glauconite and Banff formations, along with an established and proven waterflood project at its Evi property located in the Peace River Arch area of Northern Alberta.