Sitio Royalties (Sitio Royalties) Days Inventory : 0.00 (As of Mar. 2024)

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What is Sitio Royalties Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Sitio Royalties's Average Total Inventories for the three months ended in Mar. 2024 was $0.0 Mil. Sitio Royalties's Cost of Goods Sold for the three months ended in Mar. 2024 was $76.3 Mil. Hence, Sitio Royalties's Days Inventory for the three months ended in Mar. 2024 was 0.00.

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

STR's Days Inventory is not ranked ^*
in the Oil & Gas industry.
Industry Median: 31.29
* Ranked among companies with meaningful Days Inventory only.

Sitio Royalties's Days Inventory stayed the same from Mar. 2023 (0.00) to Mar. 2024 (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. Sitio Royalties's Inventory-to-Revenue for the three months ended in Mar. 2024 was 0.00.

Sitio Royalties Days Inventory Historical Data

The historical data trend for Sitio 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.

* Premium members only.

Sitio Royalties Days Inventory Chart

Sitio Royalties Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Days Inventory

Sitio Royalties Quarterly Data
	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Inventory	Get a 7-Day Free Trial								-	-	-	-	-

Competitive Comparison of Sitio Royalties's Days Inventory

For the Oil & Gas E&P subindustry, Sitio 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.

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

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

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

Sitio Royalties Days Inventory Calculation

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

Sitio 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 )	/	291.32	*	365
=	0					/	291.32	*	365
=	0.00

Sitio Royalties's Days Inventory for the quarter that ended in Mar. 2024 is calculated as:

	Days Inventory (Q: Mar. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (0	+	0)	/	1 )	/	76.318	*	365 / 4
=	0					/	76.318	*	365 / 4
=	0.00

Sitio Royalties (NYSE:STR) 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.

Sitio Royalties's Inventory Turnover for the three months ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	76.318	/	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.

Sitio Royalties's Inventory to Revenue for the three months ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0	/	151.391
	=	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.

Sitio Royalties Days Inventory Related Terms

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

Sitio Royalties (Sitio Royalties) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Sitio Royalties Corp (NYSE:STR) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

SB9:Germany

Address

1401 Lawrence Street, Suite 1750, Denver, CO, USA, 80202

Website

https://www.sitio.com

Sitio Royalties Corp is a pure-play mineral and royalty company. The group focuses on investing in mineral and royalty interests in the Permian and other productive U.S. oil basins.

Executives

Christopher L. Conoscenti	director, officer: Chief Executive Officer	1144 15TH STREET, SUITE 2650, DENVER CO 80202
Oaktree Holdings, Ltd.	director, 10 percent owner	333 SOUTH GRAND AVENUE, 28TH FLOOR, LOS ANGELES CA 90071
Oaktree Capital Management Lp	director, 10 percent owner	333 S GRAND AVE 28TH FL, LOS ANGELES CA 90071
Ocm Fie, Llc	director, 10 percent owner	333 SOUTH GRAND AVENUE, 28TH FLOOR, LOS ANGELES CA 90071
Bx Royal Aggregator Lp	10 percent owner	C/O BLACKSTONE INC., 345 PARK AVENUE, NEW YORK NY 10154
Bcp Vi/bep Holdings Manager L.l.c.	10 percent owner	C/O BLACKSTONE INC., 345 PARK AVENUE, NEW YORK NY 10154
Steven R Jones	director	1845 WALNUT STREET, 10TH FLOOR, PHILADELPHIA PA 19103
Claire Harvey	director	510 MADISON AVENUE, 8TH FLOOR, NEW YORK NY 10022
Bcp Vii/bep Ii Holdings Manager L.l.c.	10 percent owner	C/O BLACKSTONE INC., 345 PARK AVENUE, NEW YORK NY 10154
Morris R Clark	director	CIVITAS RESOURCES, INC., 410 - 17TH STREET, SUITE 1400, DENVER CO 80202
Bam Partners Trust	director, 10 percent owner	181 BAY STREET, SUITE 300, TORONTO A6 M5J 2T3
Alice E Gould	director	C/O COREPOINT LODGING INC., 909 HIDDEN RIDGE, SUITE 600, IRVING TX 75038
Michael J Downs	officer: Chief Operating Officer	1845 WALNUT STREET, SUITE 1111, PHILADELPHIA PA 19103
Stephen J. Pilatzke	officer: Chief Accounting Officer	1845 WALNUT STREET, 10TH FLOOR, PHILADELPHIA PA 19103
Bryan Gunderson	director, officer: CEO and President	510 MADISON AVENUE, 8TH FLOOR, NEW YORK NY 10022