GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Petrofac Ltd (OTCPK:POFCY) » Definitions » Inventory Turnover

Petrofac (Petrofac) Inventory Turnover : 82.83 (As of Jun. 2023)


View and export this data going back to 2011. Start your Free Trial

What is Petrofac 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. Petrofac's Cost of Goods Sold for the six months ended in Jun. 2023 was $1,201 Mil. Petrofac's Average Total Inventories for the quarter that ended in Jun. 2023 was $15 Mil. Petrofac's Inventory Turnover for the quarter that ended in Jun. 2023 was 82.83.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Petrofac's Days Inventory for the six months ended in Jun. 2023 was 2.20.

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. Petrofac's Inventory-to-Revenue for the quarter that ended in Jun. 2023 was 0.01.

Petrofac Inventory Turnover Historical Data

The historical data trend for Petrofac'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.

Petrofac Inventory Turnover Chart

Petrofac Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Inventory Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 352.41 258.37 304.16 187.61 133.35

Petrofac Semi-Annual Data
Dec13 Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23
Inventory Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 165.33 86.06 53.40 82.11 82.83

Petrofac Inventory Turnover Calculation

Petrofac's Inventory Turnover for the fiscal year that ended in Dec. 2022 is calculated as

Inventory Turnover (A: Dec. 2022 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (A: Dec. 2022 ) / ((Total Inventories (A: Dec. 2021 ) + Total Inventories (A: Dec. 2022 )) / count )
=2667 / ((23 + 17) / 2 )
=2667 / 20
=133.35

Petrofac's Inventory Turnover for the quarter that ended in Jun. 2023 is calculated as

Inventory Turnover (Q: Jun. 2023 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (Q: Jun. 2023 ) / ((Total Inventories (Q: Dec. 2022 ) + Total Inventories (Q: Jun. 2023 )) / count )
=1201 / ((17 + 12) / 2 )
=1201 / 14.5
=82.83

* 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.

Petrofac  (OTCPK:POFCY) 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.

Petrofac's Days Inventory for the six months ended in Jun. 2023 is calculated as:

Days Inventory =Average Total Inventories (Q: Jun. 2023 )/Cost of Goods Sold (Q: Jun. 2023 )*Days in Period
=14.5/1201*365 / 2
=2.20

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.

Petrofac's Inventory to Revenue for the quarter that ended in Jun. 2023 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Jun. 2023 ) / Revenue (Q: Jun. 2023 )
=14.5 / 1207
=0.01

* 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

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.

Petrofac Inventory Turnover Related Terms

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

Petrofac (Petrofac) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Petrofac Ltd (OTCPK:POFCY) » Definitions » Inventory Turnover
Comparable Companies
LSE:GMS LSE:POS LSE:PRES LSE:TAND LSE:NTQ LSE:GTC LSE:THAL LSE:HTG LSE:AT. SLB HAL BKR MIL:TEN FTI SHSE:601808 WFRD NOV CHX ASX:WOR XPAR:GTT
Traded in Other Exchanges
POFCF:USA PFCl:UK PFC:UK P2F:Germany
Address
26 New Street, St Helier, JEY, JE2 3RA
Website
https://www.petrofac.com
Petrofac Ltd provides engineering and construction services to the oil and gas production and processing industry. It designs, builds, operates and maintains oil and gas facilities. The operating segments of the company include Engineering and Construction, Asset solutions, and Integrated energy services. It derives the majority of the revenue from Engineering and Construction which provides fixed-price engineering, procurement and construction project execution services and reimbursable engineering, procurement and construction management services to the onshore and offshore oil and gas industry. The company operates worldwide and generates most of its revenue from the United kingdom.