Horizon Oil (ASX:HZN) Inventory-to-Revenue : 0.05 (As of Dec. 2023)

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What is Horizon Oil Inventory-to-Revenue?

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. Horizon Oil's Average Total Inventories for the quarter that ended in Dec. 2023 was A$5.3 Mil. Horizon Oil's Revenue for the six months ended in Dec. 2023 was A$100.0 Mil. Horizon Oil's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.05.

Horizon Oil's Inventory-to-Revenue for the quarter that ended in Dec. 2023 declined from Jun. 2023 (0.07) to Jun. 2023 (0.05)

A decrease in the Inventory-to-Revenue from one quarter to next indicates that one of these is occurring:

1. investment in inventory is shrinking in relation to revenue
2. revenue are increasing
No matter which situation is causing the reduction in the Inventory-to-Revenue, either one suggests that business's inventory levels and its cash flow are effectively managed.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Horizon Oil's Days Inventory for the six months ended in Dec. 2023 was 18.00.

Inventory Turnover measures how fast the company turns over its inventory within a year. Horizon Oil's Inventory Turnover for the quarter that ended in Dec. 2023 was 10.14.

Horizon Oil Inventory-to-Revenue Historical Data

The historical data trend for Horizon Oil's Inventory-to-Revenue 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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Horizon Oil Inventory-to-Revenue Chart

Horizon Oil Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Inventory-to-Revenue

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0.03

0.06

0.05

0.03

0.02

Horizon Oil Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Inventory-to-Revenue	Get a 7-Day Free Trial															0.12	0.08	0.07	0.07	0.05

Competitive Comparison of Horizon Oil's Inventory-to-Revenue

For the Oil & Gas E&P subindustry, Horizon Oil's Inventory-to-Revenue, along with its competitors' market caps and Inventory-to-Revenue 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.

Horizon Oil's Inventory-to-Revenue Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Horizon Oil's Inventory-to-Revenue distribution charts can be found below:

* The bar in red indicates where Horizon Oil's Inventory-to-Revenue falls into.

Horizon Oil Inventory-to-Revenue Calculation

Horizon Oil's Inventory-to-Revenue for the fiscal year that ended in Jun. 2023 is calculated as

	Inventory-to-Revenue (A: Jun. 2023 )
=	Average Total Inventories					/	Revenue
=	( (Total Inventories (A: Jun. 2022 )	+	Total Inventories (A: Jun. 2023 ))	/	count )	/	Revenue (A: Jun. 2023 )
=	( (5.952	+	4.4)	/	2 )	/	224.342
=	5.176					/	224.342
=	0.02

Horizon Oil's Inventory-to-Revenue for the quarter that ended in Dec. 2023 is calculated as

	Inventory-to-Revenue (Q: Dec. 2023 )
=	Average Total Inventories					/	Revenue
=	( (Total Inventories (Q: Jun. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Revenue (Q: Dec. 2023 )
=	( (4.4	+	6.16)	/	2 )	/	100.013
=	5.28					/	100.013
=	0.05

Horizon Oil (ASX:HZN) Inventory-to-Revenue Explanation

An increase in Inventory-to-Revenue from one quarter to the next indicates that one of the following is happening:

1. investment in inventory is growing more rapidly than revenue
2. revenue are dropping
No matter which situation is causing the problem, an increase in the Inventory-to-Revenue may signal an oncoming cash flow problem.

Likewise, a decrease in the Inventory-to-Revenue from one quarter to next indicates that one of these is occurring:

More Related Terms:

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

Horizon Oil's Days Inventory for the six months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	5.28	/	53.545	*	365 / 2
	=	18.00

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

Horizon Oil's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Dec. 2023 )	/	Average Total Inventories (Q: Dec. 2023 )
	=	53.545	/	5.28
	=	10.14

Horizon Oil Inventory-to-Revenue Related Terms

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Horizon Oil (ASX:HZN) Business Description

Industry

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HZNFF:USA

Address

360 Kent Street, Level 4, Sydney, NSW, AUS, 2000

Website

https://horizonoil.com.au

Horizon Oil Ltd is engaged in petroleum exploration, development, and production. The company's exploration, development, and production activities are focused on Southeast Asia. The operating segments of the group are New Zealand exploration and development, China exploration and development, and All other segments. It generates the prime revenue from New Zealand's exploration and development segment in which the group is involved in the development and production of crude oil and oil field development and in the exploration and evaluation of hydrocarbons. The operations of the organization are carried out in China and New Zealand.