United Oil & Gas (LSE:UOG) Days Inventory : 14.32 (As of Jun. 2023)

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What is United Oil & Gas Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). United Oil & Gas's Average Total Inventories for the six months ended in Jun. 2023 was £0.26 Mil. United Oil & Gas's Cost of Goods Sold for the six months ended in Jun. 2023 was £3.29 Mil. Hence, United Oil & Gas's Days Inventory for the six months ended in Jun. 2023 was 14.32.

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

LSE:UOG' s Days Inventory Range Over the Past 10 Years
Min: 2.04 Med: 3.73 Max: 13.7
Current: 13.7

During the past 8 years, United Oil & Gas's highest Days Inventory was 13.70. The lowest was 2.04. And the median was 3.73.

LSE:UOG's Days Inventory is ranked better than
72.29% of 729 companies
in the Oil & Gas industry
Industry Median: 31.29 vs LSE:UOG: 13.70

United Oil & Gas's Days Inventory increased from Jun. 2022 (8.92) to Jun. 2023 (14.32). It might indicate that United Oil & Gas's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. United Oil & Gas's Inventory Turnover for the six months ended in Jun. 2023 was 12.74.

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. United Oil & Gas's Inventory-to-Revenue for the six months ended in Jun. 2023 was 0.04.

United Oil & Gas Days Inventory Historical Data

The historical data trend for United Oil & Gas'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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United Oil & Gas Days Inventory Chart

United Oil & Gas Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Inventory

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2.04

3.73

9.03

United Oil & Gas Semi-Annual Data
	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Days Inventory	Get a 7-Day Free Trial											2.99	5.24	8.92	12.37	14.32

Competitive Comparison of United Oil & Gas's Days Inventory

For the Oil & Gas E&P subindustry, United Oil & Gas'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.

United Oil & Gas's Days Inventory Distribution in the Oil & Gas Industry

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

* The bar in red indicates where United Oil & Gas's Days Inventory falls into.

United Oil & Gas Days Inventory Calculation

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

United Oil & Gas'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
=	( (0.11	+	0.221)	/	2 )	/	6.687	*	365
=	0.1655					/	6.687	*	365
=	9.03

United Oil & Gas'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
=	( (0.221	+	0.296)	/	2 )	/	3.294	*	365 / 2
=	0.2585					/	3.294	*	365 / 2
=	14.32

United Oil & Gas (LSE:UOG) 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.

United Oil & Gas's Inventory Turnover for the six months ended in Jun. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	3.294	/	0.2585
	=	12.74

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.

United Oil & Gas's Inventory to Revenue for the six months ended in Jun. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0.2585	/	5.995
	=	0.04

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.

United Oil & Gas Days Inventory Related Terms

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

United Oil & Gas (LSE:UOG) Business Description

Industry

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1UO:Germany

Address

34-43 Lincoln’s Inn Fields, 2nd Floor, London, GBR, WC2A 3PA

Website

https://www.uogplc.com

United Oil & Gas PLC is engaged in the production and development exploration for crude oil petroleum and natural gas. The group operates in three geographic areas - the UK, Europe, Latin America, and Egypt. The Egypt segment generates the maximum revenue for the company.

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