Canadian Overseas Petroleum (LSE:COPL) Change In Inventory : £0.01 Mil (TTM As of Sep. 2023)

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What is Canadian Overseas Petroleum Change In Inventory?

Canadian Overseas Petroleum's change in inventory for the quarter that ended in Sep. 2023 was £0.04 Mil. It means Canadian Overseas Petroleum's inventory declined by £0.04 Mil from Jun. 2023 to Sep. 2023 .

Canadian Overseas Petroleum's change in inventory for the fiscal year that ended in Dec. 2022 was £-0.16 Mil. It means Canadian Overseas Petroleum's inventory increased by £0.16 Mil from Dec. 2021 to Dec. 2022 .

Canadian Overseas Petroleum's Total Inventories for the quarter that ended in Sep. 2023 was £0.21 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Canadian Overseas Petroleum's Days Inventory for the quarter that ended in Sep. 2023 was 12.15.

Inventory Turnover measures how fast the company turns over its inventory within a year. Canadian Overseas Petroleum's Inventory Turnover for the quarter that ended in Sep. 2023 was 7.51.

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. Canadian Overseas Petroleum's Inventory-to-Revenue for the quarter that ended in Sep. 2023 was 0.05.

Canadian Overseas Petroleum Change In Inventory Historical Data

The historical data trend for Canadian Overseas Petroleum's Change In Inventory 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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Canadian Overseas Petroleum Change In Inventory Chart

Canadian Overseas Petroleum Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Change In Inventory

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-0.06

-0.16

Canadian Overseas Petroleum Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Change In Inventory	Get a 7-Day Free Trial															-	-	-0.02	-	0.04

Canadian Overseas Petroleum Change In Inventory Calculation

Change In Inventory is the difference between last period's ending inventory and the current period's ending inventory.

Change In Inventory for the trailing twelve months (TTM) ended in Sep. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was £0.01 Mil.

Canadian Overseas Petroleum (LSE:COPL) Change In Inventory Explanation

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

Canadian Overseas Petroleum's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	0.2225	/	1.671	*	365 / 4
	=	12.15

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

Canadian Overseas Petroleum's Inventory Turnover for the quarter that ended in Sep. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	1.671	/	0.2225
	=	7.51

3. 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.

Canadian Overseas Petroleum's Inventory to Revenue for the quarter that ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0.2225	/	4.686
	=	0.05

Canadian Overseas Petroleum Change In Inventory Related Terms

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Canadian Overseas Petroleum (LSE:COPL) Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Canadian Overseas Petroleum Ltd (LSE:COPL) » Definitions » Change In Inventory

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VELXF:USA V9L:Germany XOP:Canada

Address

715 - 5th Avenue South West, Suite 3200, Calgary, AB, CAN, T2P 2X6

Website

https://www.canoverseas.com

Canadian Overseas Petroleum Ltd is an international oil and gas exploration, development and production company pursuing opportunities in the United States with operations in Converse County Wyoming, and in sub-Saharan Africa and independently in other countries. The company's Wyoming operations are environmentally responsible with minimal gas flaring and methane emissions combined with electricity sourced from a neighboring wind farm to power production facilities.

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