Zenith Energy (LSE:ZEN) Days Inventory : 1,225.90 (As of Sep. 2023)

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What is Zenith Energy Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Zenith Energy's Average Total Inventories for the six months ended in Sep. 2023 was £3.90 Mil. Zenith Energy's Cost of Goods Sold for the six months ended in Sep. 2023 was £0.58 Mil. Hence, Zenith Energy's Days Inventory for the six months ended in Sep. 2023 was 1,225.90.

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

LSE:ZEN' s Days Inventory Range Over the Past 10 Years
Min: 8.08 Med: 47.13 Max: 450.28
Current: 403.53

During the past 13 years, Zenith Energy's highest Days Inventory was 450.28. The lowest was 8.08. And the median was 47.13.

LSE:ZEN's Days Inventory is ranked worse than
97.13% of 731 companies
in the Oil & Gas industry
Industry Median: 31.81 vs LSE:ZEN: 403.53

Zenith Energy's Days Inventory increased from Sep. 2022 (291.14) to Sep. 2023 (1,225.90). It might indicate that Zenith Energy's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Zenith Energy's Inventory Turnover for the six months ended in Sep. 2023 was 0.15.

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. Zenith Energy's Inventory-to-Revenue for the six months ended in Sep. 2023 was 4.79.

Zenith Energy Days Inventory Historical Data

The historical data trend for Zenith 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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Zenith Energy Days Inventory Chart

Zenith Energy Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Inventory

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62.97

54.12

259.80

450.28

258.32

Zenith Energy Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Days Inventory	Get a 7-Day Free Trial															155.53	456.25	291.14	248.84	1,225.90

Competitive Comparison of Zenith Energy's Days Inventory

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

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

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

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

Zenith Energy Days Inventory Calculation

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

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

	Days Inventory (A: Mar. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Mar. 2022 )	+	Total Inventories (A: Mar. 2023 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2023 )	*	Days in Period
=	( (5.064	+	3.883)	/	2 )	/	6.321	*	365
=	4.4735					/	6.321	*	365
=	258.32

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

	Days Inventory (Q: Sep. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Mar. 2023 )	+	Total Inventories (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (3.883	+	3.909)	/	2 )	/	0.58	*	365 / 2
=	3.896					/	0.58	*	365 / 2
=	1,225.90

Zenith Energy (LSE:ZEN) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	0.58	/	3.896
	=	0.15

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	3.896	/	0.813
	=	4.79

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.

Zenith Energy Days Inventory Related Terms

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

Zenith Energy (LSE:ZEN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Zenith Energy Ltd (LSE:ZEN) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

ZENAF:USA ZENA:Norway ZCL:Germany

Address

421 - 7th Avenue SW, Suite 4000, Calgary, AB, CAN, T2P 4K9

Website

https://www.zenithenergy.ca

Zenith Energy Ltd is an international independent oil and gas company with production, exploration and development assets in the Republic of the Congo, Italy and Tunisia. The company's strategic focus is the development of proven revenue generating oil production assets, as well as low-risk exploration activities in assets with existing production.