Crescent Point Energy (Crescent Point Energy) Inventory Turnover : 0.00 (As of Dec. 2023)

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What is Crescent Point Energy Inventory Turnover?

Inventory Turnover measures how fast the company turns over its inventory within a year. It is calculated as Cost of Goods Sold divided by Total Inventories. Crescent Point Energy's Cost of Goods Sold for the three months ended in Dec. 2023 was $200 Mil. Crescent Point Energy's Average Total Inventories for the quarter that ended in Dec. 2023 was $0 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Crescent Point Energy's Days Inventory for the three months ended in Dec. 2023 was 0.00.

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. Crescent Point Energy's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.00.

Crescent Point Energy Inventory Turnover Historical Data

The historical data trend for Crescent Point Energy's Inventory Turnover 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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Crescent Point Energy Inventory Turnover Chart

Crescent Point Energy Annual Data

Trend

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Dec23

Inventory Turnover

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Crescent Point Energy Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															-	-	-	-	-

Crescent Point Energy Inventory Turnover Calculation

Crescent Point Energy's Inventory Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Inventory Turnover (A: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2023 )	/ (	(Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )
=	718.023	/ (	(0	+	0)	/	1 )
=	718.023	/	0
=	N/A

Crescent Point Energy's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

	Inventory Turnover (Q: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2023 )	/ (	(Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	200.358	/ (	(0	+	0)	/	1 )
=	200.358	/	0
=	N/A

Crescent Point Energy (NYSE:CPG) Inventory Turnover Explanation

Inventory Turnover measures how fast the company turns over its inventory within a year. A higher Inventory Turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.

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

Crescent Point Energy's Days Inventory for the three 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
	=	0	/	200.358	*	365 / 4
	=	0.00

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.

Crescent Point Energy's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	0	/	642.069
	=	0.00

Be Aware

Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate Inventory Turnover. An average inventory is a better indication.

Crescent Point Energy Inventory Turnover Related Terms

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Crescent Point Energy (Crescent Point Energy) Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Crescent Point Energy Corp (NYSE:CPG) » Definitions » Inventory Turnover

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016:Germany 016:Germany CPG:Canada

Address

585 - 8th Avenue S.W., Suite 2000, Calgary, AB, CAN, T2P 1G1

Website

https://www.crescentpointenergy.com

Crescent Point Energy Corp is an independent exploration and production company. It is engaged in acquiring, developing, and holding interests in petroleum and natural gas properties and assets related thereto through a general partnership and wholly-owned subsidiaries. The company generates maximum revenue from Oil and gas sales.