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Mach Natural Resources LP (Mach Natural Resources LP) Days Inventory : 19.69 (As of Dec. 2023)


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What is Mach Natural Resources LP Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Mach Natural Resources LP's Average Total Inventories for the three months ended in Dec. 2023 was $24.5 Mil. Mach Natural Resources LP's Cost of Goods Sold for the three months ended in Dec. 2023 was $113.6 Mil. Hence, Mach Natural Resources LP's Days Inventory for the three months ended in Dec. 2023 was 19.69.

The historical rank and industry rank for Mach Natural Resources LP's Days Inventory or its related term are showing as below:

MNR' s Days Inventory Range Over the Past 10 Years
Min: 10.24   Med: 13.89   Max: 50.01
Current: 50.01

During the past 3 years, Mach Natural Resources LP's highest Days Inventory was 50.01. The lowest was 10.24. And the median was 13.89.

MNR's Days Inventory is ranked worse than
67.76% of 729 companies
in the Oil & Gas industry
Industry Median: 31.5 vs MNR: 50.01

Mach Natural Resources LP's Days Inventory increased from Sep. 2022 (0.00) to Dec. 2023 (19.69). It might indicate that Mach Natural Resources LP's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Mach Natural Resources LP's Inventory Turnover for the three months ended in Dec. 2023 was 4.63.

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. Mach Natural Resources LP's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.11.

Mach Natural Resources LP Days Inventory Historical Data

The historical data trend for Mach Natural Resources LP'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.

Mach Natural Resources LP Days Inventory Chart

Mach Natural Resources LP Annual Data
Trend Dec21 Dec22 Dec23
Days Inventory
10.24 13.89 27.25

Mach Natural Resources LP Quarterly Data
Dec21 Jun22 Sep22 Dec22 Jun23 Sep23 Dec23
Days Inventory Get a 7-Day Free Trial - 20.86 - 28.27 19.69

Competitive Comparison of Mach Natural Resources LP's Days Inventory

For the Oil & Gas E&P subindustry, Mach Natural Resources LP'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.

Mach Natural Resources LP's Days Inventory Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Mach Natural Resources LP's Days Inventory falls into.


Mach Natural Resources LP Days Inventory Calculation

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

Mach Natural Resources LP'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
=( (24.7 + 31.377) / 2 ) / 375.512*365
=28.0385 / 375.512*365
=27.25

Mach Natural Resources LP'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: Sep. 2023 ) + Total Inventories (Q: Dec. 2023 )) / count ) / Cost of Goods Sold (Q: Dec. 2023 )*Days in Period
=( (17.647 + 31.377) / 2 ) / 113.575*365 / 4
=24.512 / 113.575*365 / 4
=19.69

* 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.

Mach Natural Resources LP  (NYSE:MNR) 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.

Mach Natural Resources LP's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover=Cost of Goods Sold / Average Total Inventories
=113.575 / 24.512
=4.63

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.

Mach Natural Resources LP's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue=Average Total Inventories / Revenue
=24.512 / 227.826
=0.11

* 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.

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.

Mach Natural Resources LP Days Inventory Related Terms

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

Mach Natural Resources LP (Mach Natural Resources LP) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Mach Natural Resources LP (NYSE:MNR) » Definitions » Days Inventory
Comparable Companies
TALO STR ESTE HPK KRP HHRS NEXT VTLE DMLP CRGY COP HKSE:00883 EOG TSX:CNQ PXD OXY MIC:NVTK HES ASX:WDS DVN
Traded in Other Exchanges
N/A
Address
14201 Wireless Way, Suite 300, Oklahoma, OK, USA, 73134
Website
https://www.machresources.com
Mach Natural Resources LP is an independent upstream oil and gas company engaged in the acquisition, development and production of oil, natural gas and NGL reserves in the Anadarko Basin region of Western Oklahoma, Southern Kansas and the panhandle of Texas.
Executives
Frank A Keating director, other: See Remarks 6100 N WESTERN AVENUE, OKLAHOMA CITY OK 73118
Giesinger Edgar R. Jr. director, other: See Remarks 1915 SANDGATE FALLS, HOUSTON TX 77062
Tom L. Ward director, 10 percent owner, officer: See Remarks, other: See Remarks C/O MACH NATURAL RESOURCES, 14201 WIRELESS WAY, SUITE 300, OKLAHOMA CITY OK 73134
Kevin R. White officer: See Remarks, other: See Remarks C/O MACH NATURAL RESOURCES, 14201 WIRELESS WAY, SUITE 300, OKLAHOMA CITY OK 73134
William Wallace Mcmullen director, 10 percent owner, other: See Remarks 1201 LOUISIANA STREET, SUITE 3308, HOUSTON TX 77002
Bayou City Energy Management Llc 10 percent owner 1201 LOUISIANA STREET, SUITE 3308, HOUSTON TX 77002
Reineke Daniel T Jr. officer: See Remarks, other: See Remarks C/O MACH NATURAL RESOURCES, 14201 WIRELESS WAY, SUITE 300, OKLAHOMA CITY OK 73134
Michael E Reel officer: See Remarks, other: See Remarks C/O MACH NATURAL RESOURCES, 14201 WIRELESS WAY, SUITE 300, OKLAHOMA CITY OK 73134
Stephen C Perich director, other: See Remarks C/O MACH NATURAL RESOURCES, 14201 WIRELESS WAY, SUITE 300, OKLAHOMA CITY OK 73134
Bce-mach Aggregator Llc 10 percent owner 14201 WIRELESS WAY, SUITE 300, OKLAHOMA CITY OK 73134