Gulf Keystone Petroleum (Gulf Keystone Petroleum) Inventory Turnover : 4.18 (As of Dec. 2023)

View and export this data going back to 2008. Start your Free Trial

What is Gulf Keystone Petroleum 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. Gulf Keystone Petroleum's Cost of Goods Sold for the six months ended in Dec. 2023 was $50.2 Mil. Gulf Keystone Petroleum's Average Total Inventories for the quarter that ended in Dec. 2023 was $12.0 Mil. Gulf Keystone Petroleum's Inventory Turnover for the quarter that ended in Dec. 2023 was 4.18.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Gulf Keystone Petroleum's Days Inventory for the six months ended in Dec. 2023 was 43.70.

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. Gulf Keystone Petroleum's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.27.

Gulf Keystone Petroleum Inventory Turnover Historical Data

The historical data trend for Gulf Keystone Petroleum'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.

* Premium members only.

Gulf Keystone Petroleum Inventory Turnover Chart

Gulf Keystone Petroleum Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

Get a 7-Day Free Trial

13.57

21.57

17.77

25.93

14.17

Gulf Keystone Petroleum Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															2.46	13.91	13.74	6.34	4.18

Gulf Keystone Petroleum Inventory Turnover Calculation

Gulf Keystone Petroleum'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 )
=	115.331	/ (	(6.372	+	9.901)	/	2 )
=	115.331	/	8.1365
=	14.17

Gulf Keystone Petroleum'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: Jun. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	50.236	/ (	(14.159	+	9.901)	/	2 )
=	50.236	/	12.03
=	4.18

Gulf Keystone Petroleum (OTCPK:GFKSY) 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.

Gulf Keystone Petroleum'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
	=	12.03	/	50.236	*	365 / 2
	=	43.70

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.

Gulf Keystone Petroleum'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 )
	=	12.03	/	43.959
	=	0.27

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.

Gulf Keystone Petroleum Inventory Turnover Related Terms

Thank you for viewing the detailed overview of Gulf Keystone Petroleum's Inventory Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Gulf Keystone Petroleum (Gulf Keystone Petroleum) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Gulf Keystone Petroleum Ltd (OTCPK:GFKSY) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

GUKYF:USA GKPl:UK GKP:UK GVP1:Germany

Address

C/o Coson Corporate Services Limited, 41 Cedar Avenue, Cedar House, 3rd Floor, Hamilton, BMU, HM12

Website

https://www.gulfkeystone.com

Gulf Keystone Petroleum Ltd is a holding company, which is engaged in oil and gas exploration and production. It mainly operates in the Kurdistan Region of Iraq, the Republic of Algeria, and Others. The Kurdistan Region of Iraq segment consists of the Shaikan, Ber Bahr blocks, and the Erbil office, which provides support to the operations in Kurdistan. It generates its revenues from the sale of oil.

Gulf Keystone Petroleum (Gulf Keystone Petroleum) Headlines

From GuruFocus

Are You Interested in a Takeover Candidate That Might Get Bought at 4x the Current Share Price?

By CanadianValue CanadianValue • 12-19-2011