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The following section summarizes insights on Waskahigan Oil & Gas Corp's Days Inventory Outstanding:
We've identified the following companies as similar to Waskahigan Oil & Gas Corp because they operate in a related industry or sector. We also considered size, growth, and various financial metrics to narrow down the list to the ones listed below.
To view the full list of supported financial metrics please see Complete Metrics Listing.
Metrics similar to Days Inventory Outstanding in the efficiency category include:
Days Inventory Outstanding is defined as:
Average Inventory
(/) Cost of Sales
(x) 365
(=) Days Inventory Outstanding
Days Inventory Outstanding is a ratio that indicates how many days it takes a company to turn its inventory into sales. Similar to the Days Sales Outstanding ratio, a company would prefer to have a low DIO. The ratio essentially illustrates how long it takes the company to convert raw materials into cash. The sooner a company can convert to cash, the sooner it can use that cash to reinvest in the business and therefore, generate more sales.
Read more about cash conversion cycle, days sales outstanding, and days payables outstanding
The chart above depicts the distribution of Days Inventory Outstanding for companies operating in the Energy Sector in the Developed economic region. Over 1,340 companies were considered in this analysis, and 651 had meaningful values. The average Days Inventory Outstanding of companies in the Sector is 20 days with a standard deviation of 26 days. Please note that Sector and Industry values may differ from other sources, as no adjustments have been made.
Waskahigan Oil & Gas Corp's Days Inventory Outstanding of - ranks in the - percentile for the Sector. The following table provides additional summary stats:
| Economic Risk Region | Developed |
| Total Constituents | 1,343 |
| Included Constituents | 651 |
| Min | -21 days |
| Max | 111 days |
| Median | 8 days |
| Mean | 20 days |
| Standard Deviation | 26 days |
You can find companies with similar Days Inventory Outstanding using this stock screener.