Parkland (Parkland) Change In Inventory : $-302 Mil (TTM As of Mar. 2024)

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What is Parkland Change In Inventory?

Parkland's change in inventory for the quarter that ended in Mar. 2024 was $-63 Mil. It means Parkland's inventory increased by $63 Mil from Dec. 2023 to Mar. 2024 .

Parkland's change in inventory for the fiscal year that ended in Dec. 2023 was $-15 Mil. It means Parkland's inventory increased by $15 Mil from Dec. 2022 to Dec. 2023 .

Parkland's Total Inventories for the quarter that ended in Mar. 2024 was $1,223 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Parkland's Days Inventory for the quarter that ended in Mar. 2024 was 25.98.

Inventory Turnover measures how fast the company turns over its inventory within a year. Parkland's Inventory Turnover for the quarter that ended in Mar. 2024 was 3.51.

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. Parkland's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.25.

Parkland Change In Inventory Historical Data

The historical data trend for Parkland'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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Parkland Change In Inventory Chart

Parkland Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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-164.78

114.76

-371.09

-195.80

-14.91

Parkland Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Change In Inventory	Get a 7-Day Free Trial															2.92	-149.03	-180.33	90.19	-62.80

Parkland 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-302 Mil.

Parkland (OTCPK:PKIUF) Change In Inventory Explanation

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

Parkland's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	1266.5205	/	4448.877	*	365 / 4
	=	25.98

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

Parkland's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	4448.877	/	1266.5205
	=	3.51

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.

Parkland's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	1266.5205	/	5126.33
	=	0.25

Parkland Change In Inventory Related Terms

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Parkland (Parkland) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Parkland Corp (OTCPK:PKIUF) » Definitions » Change In Inventory

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Traded in Other Exchanges

PF6:Germany PKI:Canada

Address

240 - 4th Avenue South west, Suite 1800, Calgary, AB, CAN, T2P 4H4

Website

https://www.parkland.ca

Parkland Corp is a food and convenience retailer and an independent marketer, distributor, and refiner of fuel and petroleum products. Parkland delivers refined fuels, propane, and other high-quality petroleum products to motorists, businesses, consumers, and wholesale customers across the Americas. The company's lines of business are; Retail line of business includes the operations of Parkland retail service stations, including EV charging stations, and convenience and food stores, Commercial includes the operations of card lock sites, bulk fuel, propane, heating oil, lubricants, and other related services, Refining includes the operations of the Burnaby Refinery, and Corporate includes centralized administrative services and expenses.