Block Energy (LSE:BLOE) Days Inventory : 306.17 (As of Jun. 2023)

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What is Block Energy Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Block Energy's Average Total Inventories for the six months ended in Jun. 2023 was £3.72 Mil. Block Energy's Cost of Goods Sold for the six months ended in Jun. 2023 was £2.22 Mil. Hence, Block Energy's Days Inventory for the six months ended in Jun. 2023 was 306.17.

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

LSE:BLOE' s Days Inventory Range Over the Past 10 Years
Min: 267.47 Med: 274.07 Max: 372.42
Current: 267.47

During the past 6 years, Block Energy's highest Days Inventory was 372.42. The lowest was 267.47. And the median was 274.07.

LSE:BLOE's Days Inventory is ranked worse than
94.93% of 730 companies
in the Oil & Gas industry
Industry Median: 31.72 vs LSE:BLOE: 267.47

Block Energy's Days Inventory declined from Jun. 2022 (401.57) to Jun. 2023 (306.17).

Inventory Turnover measures how fast the company turns over its inventory within a year. Block Energy's Inventory Turnover for the six months ended in Jun. 2023 was 0.60.

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. Block Energy's Inventory-to-Revenue for the six months ended in Jun. 2023 was 1.20.

Block Energy Days Inventory Historical Data

The historical data trend for Block 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.

* Premium members only.

Block Energy Days Inventory Chart

Block Energy Annual Data

Trend

Jun16

Jun17

Jun18

Dec20

Dec21

Dec22

Days Inventory

Get a 7-Day Free Trial

372.42

272.27

268.51

275.86

Block Energy Semi-Annual Data
	Jun16	Jun17	Dec17	Jun18	Dec18	Jun19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Days Inventory	Get a 7-Day Free Trial								332.75	252.95	401.57	240.71	306.17

Competitive Comparison of Block Energy's Days Inventory

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

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

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

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

Block Energy Days Inventory Calculation

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

Block Energy's Days Inventory for the fiscal year that ended in Dec. 2022 is calculated as

	Days Inventory (A: Dec. 2022 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2021 )	+	Total Inventories (A: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2022 )	*	Days in Period
=	( (3.448	+	3.933)	/	2 )	/	4.883	*	365
=	3.6905					/	4.883	*	365
=	275.86

Block Energy's Days Inventory for the quarter that ended in Jun. 2023 is calculated as:

	Days Inventory (Q: Jun. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Dec. 2022 )	+	Total Inventories (Q: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2023 )	*	Days in Period
=	( (3.933	+	3.509)	/	2 )	/	2.218	*	365 / 2
=	3.721					/	2.218	*	365 / 2
=	306.17

Block Energy (LSE:BLOE) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	2.218	/	3.721
	=	0.60

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	3.721	/	3.109
	=	1.20

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.

Block Energy Days Inventory Related Terms

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

Block Energy (LSE:BLOE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Block Energy PLC (LSE:BLOE) » Definitions » Days Inventory

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Traded in Other Exchanges

BE9:Germany

Address

25 Eccleston Place, Eccleston Yards, London, GBR, SW1W 9NF

Website

https://www.blockenergy.co.uk

Block Energy PLC is an oil exploration, development and production company whose main country of operation is the Republic of Georgia. Its segments include Oil extraction in Georgia and the Corporate function. The company has interests in the Norio oil field, Satskhenisi, and West Rustavi field.

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