Horizon Oil (ASX:HZN) Days Inventory : 18.00 (As of Dec. 2023)

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What is Horizon Oil Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Horizon Oil's Average Total Inventories for the six months ended in Dec. 2023 was A$5.3 Mil. Horizon Oil's Cost of Goods Sold for the six months ended in Dec. 2023 was A$53.5 Mil. Hence, Horizon Oil's Days Inventory for the six months ended in Dec. 2023 was 18.00.

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

ASX:HZN' s Days Inventory Range Over the Past 10 Years
Min: 15.18 Med: 23.9 Max: 44.88
Current: 22.77

During the past 13 years, Horizon Oil's highest Days Inventory was 44.88. The lowest was 15.18. And the median was 23.90.

ASX:HZN's Days Inventory is ranked better than
58.98% of 729 companies
in the Oil & Gas industry
Industry Median: 31.29 vs ASX:HZN: 22.77

Horizon Oil's Days Inventory declined from Dec. 2022 (23.52) to Dec. 2023 (18.00).

Inventory Turnover measures how fast the company turns over its inventory within a year. Horizon Oil's Inventory Turnover for the six months ended in Dec. 2023 was 10.14.

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. Horizon Oil's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.05.

Horizon Oil Days Inventory Historical Data

The historical data trend for Horizon Oil'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.

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Horizon Oil Days Inventory Chart

Horizon Oil Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Days Inventory

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22.85

30.75

24.95

20.78

15.62

Horizon Oil Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Inventory	Get a 7-Day Free Trial															41.19	27.91	23.52	23.18	18.00

Competitive Comparison of Horizon Oil's Days Inventory

For the Oil & Gas E&P subindustry, Horizon Oil'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.

Horizon Oil's Days Inventory Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Horizon Oil's Days Inventory falls into.

Horizon Oil Days Inventory Calculation

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

Horizon Oil's Days Inventory for the fiscal year that ended in Jun. 2023 is calculated as

	Days Inventory (A: Jun. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Jun. 2022 )	+	Total Inventories (A: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (A: Jun. 2023 )	*	Days in Period
=	( (5.952	+	4.4)	/	2 )	/	120.955	*	365
=	5.176					/	120.955	*	365
=	15.62

Horizon Oil'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: Jun. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (4.4	+	6.16)	/	2 )	/	53.545	*	365 / 2
=	5.28					/	53.545	*	365 / 2
=	18.00

Horizon Oil (ASX:HZN) 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.

Horizon Oil's Inventory Turnover for the six months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	53.545	/	5.28
	=	10.14

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.

Horizon Oil's Inventory to Revenue for the six months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	5.28	/	100.013
	=	0.05

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.

Horizon Oil Days Inventory Related Terms

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

Horizon Oil (ASX:HZN) Business Description

Industry

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HZNFF:USA

Address

360 Kent Street, Level 4, Sydney, NSW, AUS, 2000

Website

https://horizonoil.com.au

Horizon Oil Ltd is engaged in petroleum exploration, development, and production. The company's exploration, development, and production activities are focused on Southeast Asia. The operating segments of the group are New Zealand exploration and development, China exploration and development, and All other segments. It generates the prime revenue from New Zealand's exploration and development segment in which the group is involved in the development and production of crude oil and oil field development and in the exploration and evaluation of hydrocarbons. The operations of the organization are carried out in China and New Zealand.