Coro Energy (LSE:CORO) Days Inventory : 152.08 (As of Jun. 2023)

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What is Coro Energy Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Coro Energy's Average Total Inventories for the six months ended in Jun. 2023 was £0.03 Mil. Coro Energy's Cost of Goods Sold for the six months ended in Jun. 2023 was £0.03 Mil. Hence, Coro Energy's Days Inventory for the six months ended in Jun. 2023 was 152.08.

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

LSE:CORO' s Days Inventory Range Over the Past 10 Years
Min: 120.24 Med: 360.71 Max: 601.18
Current: 206.83

During the past 10 years, Coro Energy's highest Days Inventory was 601.18. The lowest was 120.24. And the median was 360.71.

LSE:CORO's Days Inventory is ranked worse than
92.75% of 731 companies
in the Oil & Gas industry
Industry Median: 31.81 vs LSE:CORO: 206.83

Coro Energy's Days Inventory increased from Jun. 2022 (0.00) to Jun. 2023 (152.08). It might indicate that Coro Energy's sales slowed down.

Warning Sign:

If a company builds up inventory, it may mean it is having difficulties selling its goods.

Inventory Turnover measures how fast the company turns over its inventory within a year. Coro Energy's Inventory Turnover for the six months ended in Jun. 2023 was 1.20.

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. Coro Energy's Inventory-to-Revenue for the six months ended in Jun. 2023 was 0.30.

Coro Energy Days Inventory Historical Data

The historical data trend for Coro 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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Coro Energy Days Inventory Chart

Coro Energy Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Inventory

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120.24

601.18

Coro Energy Semi-Annual Data
	Dec13	Dec14	Dec15	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Days Inventory	Get a 7-Day Free Trial												13.69	-	-	311.32	152.08

Competitive Comparison of Coro Energy's Days Inventory

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

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

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

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

Coro Energy Days Inventory Calculation

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

Coro 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
=	( (0.028	+	0.028)	/	2 )	/	0.017	*	365
=	0.028					/	0.017	*	365
=	601.18

Coro 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
=	( (0.028	+	0.027)	/	2 )	/	0.033	*	365 / 2
=	0.0275					/	0.033	*	365 / 2
=	152.08

Coro Energy (LSE:CORO) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	0.033	/	0.0275
	=	1.20

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0.0275	/	0.092
	=	0.30

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.

Coro Energy Days Inventory Related Terms

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

Coro Energy (LSE:CORO) Business Description

Industry

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Address

1 Park Row, c/o Pinsent Masons LLP, Leeds, GBR, LS1 5AB

Website

https://www.coroenergyplc.com

Coro Energy PLC is an oil and gas exploration company focused on delivering long-term production of natural gas. The company has two business units namely Exploration and Development and Production. It generates maximum revenue from the Development and Production segment. The company has four gas fields, namely Sillaro, Bezzecca, Rapagnano, and Casa Tiberi.

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