Harbour Energy (LSE:HBR) Days Inventory : 30.18 (As of Dec. 2023)

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What is Harbour Energy Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Harbour Energy's Average Total Inventories for the six months ended in Dec. 2023 was £148 Mil. Harbour Energy's Cost of Goods Sold for the six months ended in Dec. 2023 was £895 Mil. Hence, Harbour Energy's Days Inventory for the six months ended in Dec. 2023 was 30.18.

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

LSE:HBR' s Days Inventory Range Over the Past 10 Years
Min: 21.59 Med: 27.27 Max: 31.71
Current: 26.97

During the past 4 years, Harbour Energy's highest Days Inventory was 31.71. The lowest was 21.59. And the median was 27.27.

LSE:HBR's Days Inventory is ranked better than
54.45% of 731 companies
in the Oil & Gas industry
Industry Median: 31.81 vs LSE:HBR: 26.97

Harbour Energy's Days Inventory increased from Dec. 2022 (22.65) to Dec. 2023 (30.18). It might indicate that Harbour Energy's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Harbour Energy's Inventory Turnover for the six months ended in Dec. 2023 was 6.05.

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. Harbour Energy's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.11.

Harbour Energy Days Inventory Historical Data

The historical data trend for Harbour 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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Harbour Energy Days Inventory Chart

Harbour Energy Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Days Inventory

31.71

27.54

21.59

26.99

Harbour Energy Semi-Annual Data
	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Inventory	Get a 7-Day Free Trial			28.65	28.27	22.65	24.03	30.18

Competitive Comparison of Harbour Energy's Days Inventory

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

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

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

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

Harbour Energy Days Inventory Calculation

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

Harbour Energy's Days Inventory for the fiscal year that ended in Dec. 2023 is calculated as

	Days Inventory (A: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (117.403	+	158)	/	2 )	/	1862.03	*	365
=	137.7015					/	1862.03	*	365
=	26.99

Harbour 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
=	( (137.966	+	158)	/	2 )	/	894.833	*	365 / 2
=	147.983					/	894.833	*	365 / 2
=	30.18

Harbour Energy (LSE:HBR) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	894.833	/	147.983
	=	6.05

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	147.983	/	1361.723
	=	0.11

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.

Harbour Energy Days Inventory Related Terms

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

Harbour Energy (LSE:HBR) Business Description

Industry

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

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Traded in Other Exchanges

PMOIF:USA HBRIY:USA HBRl:UK PQQ0:Germany

Address

23 Lower Belgrave Street, London, GBR, SW1W ONR

Website

https://www.harbourenergy.com

Harbour Energy PLC is an independent oil and gas company, producing over 200,000 barrels of oil equivalent per day from the North Sea and South East Asia. It has a lower carbon intensity than the average UK oil and gas producer.

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