Europa Oil & Gas (Holdings) (FRA:EGN) Days Inventory : 1.71 (As of Jan. 2024)

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What is Europa Oil & Gas (Holdings) Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Europa Oil & Gas (Holdings)'s Average Total Inventories for the six months ended in Jan. 2024 was €0.02 Mil. Europa Oil & Gas (Holdings)'s Cost of Goods Sold for the six months ended in Jan. 2024 was €1.81 Mil. Hence, Europa Oil & Gas (Holdings)'s Days Inventory for the six months ended in Jan. 2024 was 1.71.

The historical rank and industry rank for Europa Oil & Gas (Holdings)'s Days Inventory or its related term are showing as below:

FRA:EGN' s Days Inventory Range Over the Past 10 Years
Min: 2.46 Med: 3.83 Max: 5.12
Current: 2.5

During the past 13 years, Europa Oil & Gas (Holdings)'s highest Days Inventory was 5.12. The lowest was 2.46. And the median was 3.83.

FRA:EGN's Days Inventory is ranked better than
94.35% of 726 companies
in the Oil & Gas industry
Industry Median: 32.45 vs FRA:EGN: 2.50

Europa Oil & Gas (Holdings)'s Days Inventory declined from Jan. 2023 (2.69) to Jan. 2024 (1.71).

Inventory Turnover measures how fast the company turns over its inventory within a year. Europa Oil & Gas (Holdings)'s Inventory Turnover for the six months ended in Jan. 2024 was 106.65.

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. Europa Oil & Gas (Holdings)'s Inventory-to-Revenue for the six months ended in Jan. 2024 was 0.01.

Europa Oil & Gas (Holdings) Days Inventory Historical Data

The historical data trend for Europa Oil & Gas (Holdings)'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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Europa Oil & Gas (Holdings) Days Inventory Chart

Europa Oil & Gas (Holdings) Annual Data

Trend

Jul14

Jul15

Jul16

Jul17

Jul18

Jul19

Jul20

Jul21

Jul22

Jul23

Days Inventory

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4.30

3.51

5.00

2.44

3.07

Europa Oil & Gas (Holdings) Semi-Annual Data
	Jul14	Jan15	Jul15	Jan16	Jul16	Jan17	Jul17	Jan18	Jul18	Jan19	Jul19	Jan20	Jul20	Jan21	Jul21	Jan22	Jul22	Jan23	Jul23	Jan24
Days Inventory	Get a 7-Day Free Trial															5.32	2.52	2.69	3.64	1.71

Competitive Comparison of Europa Oil & Gas (Holdings)'s Days Inventory

For the Oil & Gas E&P subindustry, Europa Oil & Gas (Holdings)'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.

Europa Oil & Gas (Holdings)'s Days Inventory Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Europa Oil & Gas (Holdings)'s Days Inventory falls into.

Europa Oil & Gas (Holdings) Days Inventory Calculation

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

Europa Oil & Gas (Holdings)'s Days Inventory for the fiscal year that ended in Jul. 2023 is calculated as

	Days Inventory (A: Jul. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Jul. 2022 )	+	Total Inventories (A: Jul. 2023 ))	/	count )	/	Cost of Goods Sold (A: Jul. 2023 )	*	Days in Period
=	( (0.042	+	0.022)	/	2 )	/	3.81	*	365
=	0.032					/	3.81	*	365
=	3.07

Europa Oil & Gas (Holdings)'s Days Inventory for the quarter that ended in Jan. 2024 is calculated as:

	Days Inventory (Q: Jan. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Jul. 2023 )	+	Total Inventories (Q: Jan. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Jan. 2024 )	*	Days in Period
=	( (0.022	+	0.012)	/	2 )	/	1.813	*	365 / 2
=	0.017					/	1.813	*	365 / 2
=	1.71

Europa Oil & Gas (Holdings) (FRA:EGN) 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.

Europa Oil & Gas (Holdings)'s Inventory Turnover for the six months ended in Jan. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	1.813	/	0.017
	=	106.65

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.

Europa Oil & Gas (Holdings)'s Inventory to Revenue for the six months ended in Jan. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0.017	/	1.656
	=	0.01

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.

Europa Oil & Gas (Holdings) Days Inventory Related Terms

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

Europa Oil & Gas (Holdings) (FRA:EGN) Business Description

Industry

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EOG:UK

Address

30 Newman Street, London, GBR, W1T 1PT

Website

https://www.europaoil.com

Europa Oil & Gas (Holdings) PLC is an oil and gas exploration, development, and production company. It has four reportable segments: The United Kingdom, Ireland, Morocco, and New Ventures. The company has a diverse portfolio of onshore and offshore oil and gas assets at various stages of the development cycle including exploration and production.