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Okmin Resources (Okmin Resources) Days Inventory : 0.00 (As of Dec. 2023)


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What is Okmin Resources Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Okmin Resources's Average Total Inventories for the three months ended in Dec. 2023 was $0.00 Mil. Okmin Resources's Cost of Goods Sold for the three months ended in Dec. 2023 was $0.02 Mil. Hence, Okmin Resources's Days Inventory for the three months ended in Dec. 2023 was 0.00.

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

OKMN's Days Inventory is not ranked *
in the Oil & Gas industry.
Industry Median: 32.125
* Ranked among companies with meaningful Days Inventory only.

Okmin Resources's Days Inventory stayed the same from Dec. 2022 (0.00) to Dec. 2023 (0.00).

Inventory Turnover measures how fast the company turns over its inventory within a year.

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. Okmin Resources's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.00.


Okmin Resources Days Inventory Historical Data

The historical data trend for Okmin Resources'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.

Okmin Resources Days Inventory Chart

Okmin Resources Annual Data
Trend Jun21 Jun22 Jun23
Days Inventory
- - -

Okmin Resources Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Days Inventory Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only - - - - -

Competitive Comparison of Okmin Resources's Days Inventory

For the Oil & Gas E&P subindustry, Okmin Resources'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.


Okmin Resources's Days Inventory Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Okmin Resources's Days Inventory falls into.



Okmin Resources Days Inventory Calculation

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

Okmin Resources's Days Inventory for the fiscal year that ended in Jun. 2023 is calculated as

Days Inventory (A: Jun. 2023 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (A: Jun. 2022 ) + Total Inventories (A: Jun. 2023 )) / count ) / Cost of Goods Sold (A: Jun. 2023 )*Days in Period
=( (0 + 0) / 1 ) / 0.261*365
=0 / 0.261*365
=0.00

Okmin Resources'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
=( (0 + 0) / 1 ) / 0.024*365 / 4
=0 / 0.024*365 / 4
=0.00

* 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.


Okmin Resources  (OTCPK:OKMN) 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.

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

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.

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

* 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.


Okmin Resources Days Inventory Related Terms

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


Okmin Resources (Okmin Resources) Business Description

Traded in Other Exchanges
N/A
Address
16501 Ventura Boulevard, Suite 400, Encino, Los Angeles, CA, USA, 91436
Okmin Resources Inc is a natural resource exploration stage company that seeks to acquire, explore, and develop natural resource assets. It engages in the business of the acquisition, exploration, and development of mineral rights and natural resource assets. The company's projects are located in Oklahoma and Kansas. Its projects comprise Vitt Project Kansas; West Sheppard Pool Field in North East Oklahoma; and Pushmataha in South East Oklahoma.
Executives
Roy Mansano 10 percent owner 5343 OSTROM AVE., ENCINO CA 91316
Thomas Lapinski director 16501 VENTURA BLVD., SUITE 400, ENCINO CA 91436
Jonathan Herzog director, 10 percent owner, officer: President and CEO 16501 VENTURA BLVD., SUITE 400, ENCINO CA 91436

Okmin Resources (Okmin Resources) Headlines

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