Strike Energy (ASX:STX) Days Inventory : 1.22 (As of Dec. 2023)

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What is Strike Energy Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Strike Energy's Average Total Inventories for the six months ended in Dec. 2023 was A$0.02 Mil. Strike Energy's Cost of Goods Sold for the six months ended in Dec. 2023 was A$2.24 Mil. Hence, Strike Energy's Days Inventory for the six months ended in Dec. 2023 was 1.22.

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

ASX:STX' s Days Inventory Range Over the Past 10 Years
Min: 0 Med: 0 Max: 2.44
Current: 2.44

During the past 13 years, Strike Energy's highest Days Inventory was 2.44. The lowest was 0.00. And the median was 0.00.

ASX:STX's Days Inventory is ranked better than
94.1% of 729 companies
in the Oil & Gas industry
Industry Median: 31.29 vs ASX:STX: 2.44

Strike Energy's Days Inventory increased from Dec. 2022 (0.00) to Dec. 2023 (1.22). It might indicate that Strike Energy's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Strike Energy's Inventory Turnover for the six months ended in Dec. 2023 was 149.60.

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. Strike Energy's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.00.

Strike Energy Days Inventory Historical Data

The historical data trend for Strike Energy'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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Strike Energy Days Inventory Chart

Strike Energy Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

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Jun19

Jun20

Jun21

Jun22

Jun23

Days Inventory

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Strike Energy 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															-	-	-	-	1.22

Competitive Comparison of Strike Energy's Days Inventory

For the Oil & Gas E&P subindustry, Strike Energy'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.

Strike Energy's Days Inventory Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Strike Energy's Days Inventory falls into.

Strike Energy Days Inventory Calculation

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

Strike Energy'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
=	( (0	+	0)	/	1 )	/	0	*	365
=	0					/	0	*	365
=	N/A

Strike Energy'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
=	( (0	+	0.015)	/	1 )	/	2.244	*	365 / 2
=	0.015					/	2.244	*	365 / 2
=	1.22

Strike Energy (ASX:STX) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	2.244	/	0.015
	=	149.60

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0.015	/	8.125
	=	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.

Strike Energy Days Inventory Related Terms

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

Strike Energy (ASX:STX) Business Description

Industry

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STKKF:USA RJN:Germany

Address

40 Kings Park Road, Level 1, West Perth, Perth, WA, AUS, 6005

Website

https://www.strikeenergy.com.au

Strike is operator across all 3,000 square kilometers of its Perth Basin acreage and has grown its net gas reserve and resource position to become the largest in the basin at 1,022 PJ. It has also achieved first production from its Walyering gas field. Walyering's intended 33 terajoules/d of gross production will generate material cash flows albeit to short five years life. The cash will regardless be useful for the undertaking additional projects with Strike targeting up to four gas fields being online by the end of 2026. In addition to Walyering, these include South Erregulla, West Erregulla and Ocean Hill. The more ambitious Project Haber, Strike's proposed multibillion dollar 1.4 million metric tons per year urea manufacturing facility, is now on the backburner.