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PetroNor E&P ASA (OSL:PNOR) Inventory-to-Revenue : 0.31 (As of Dec. 2023)


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What is PetroNor E&P ASA Inventory-to-Revenue?

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. PetroNor E&P ASA's Average Total Inventories for the quarter that ended in Dec. 2023 was kr241.7 Mil. PetroNor E&P ASA's Revenue for the three months ended in Dec. 2023 was kr788.3 Mil. PetroNor E&P ASA's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.31.

PetroNor E&P ASA's Inventory-to-Revenue for the quarter that ended in Dec. 2023 declined from Sep. 2023 (1.19) to Sep. 2023 (0.31)

A decrease in the Inventory-to-Revenue from one quarter to next indicates that one of these is occurring:

1. investment in inventory is shrinking in relation to revenue
2. revenue are increasing
No matter which situation is causing the reduction in the Inventory-to-Revenue, either one suggests that business's inventory levels and its cash flow are effectively managed.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. PetroNor E&P ASA's Days Inventory for the three months ended in Dec. 2023 was 71.83.

Inventory Turnover measures how fast the company turns over its inventory within a year. PetroNor E&P ASA's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.27.


PetroNor E&P ASA Inventory-to-Revenue Historical Data

The historical data trend for PetroNor E&P ASA's Inventory-to-Revenue 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.

PetroNor E&P ASA Inventory-to-Revenue Chart

PetroNor E&P ASA Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Inventory-to-Revenue
Get a 7-Day Free Trial 0.03 0.05 0.05 0.08 0.10

PetroNor E&P ASA Quarterly Data
Dec18 Dec19 Jun20 Dec20 Mar21 Jun21 Dec21 Mar22 Jun22 Sep22 Dec22 Jun23 Sep23 Dec23
Inventory-to-Revenue Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.10 0.20 - 1.19 0.31

Competitive Comparison of PetroNor E&P ASA's Inventory-to-Revenue

For the Oil & Gas E&P subindustry, PetroNor E&P ASA's Inventory-to-Revenue, along with its competitors' market caps and Inventory-to-Revenue data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


PetroNor E&P ASA's Inventory-to-Revenue Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, PetroNor E&P ASA's Inventory-to-Revenue distribution charts can be found below:

* The bar in red indicates where PetroNor E&P ASA's Inventory-to-Revenue falls into.



PetroNor E&P ASA Inventory-to-Revenue Calculation

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.

PetroNor E&P ASA's Inventory-to-Revenue for the fiscal year that ended in Dec. 2023 is calculated as

Inventory-to-Revenue (A: Dec. 2023 )
=Average Total Inventories / Revenue
=( (Total Inventories (A: Dec. 2022 ) + Total Inventories (A: Dec. 2023 )) / count ) / Revenue (A: Dec. 2023 )
=( (185.983 + 188.191) / 2 ) / 1976.209
=187.087 / 1976.209
=0.09

PetroNor E&P ASA's Inventory-to-Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue (Q: Dec. 2023 )
=Average Total Inventories / Revenue
=( (Total Inventories (Q: Sep. 2023 ) + Total Inventories (Q: Dec. 2023 )) / count ) / Revenue (Q: Dec. 2023 )
=( (295.272 + 188.191) / 2 ) / 788.283
=241.7315 / 788.283
=0.31

* 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.


PetroNor E&P ASA  (OSL:PNOR) Inventory-to-Revenue Explanation

An increase in Inventory-to-Revenue from one quarter to the next indicates that one of the following is happening:

1. investment in inventory is growing more rapidly than revenue
2. revenue are dropping
No matter which situation is causing the problem, an increase in the Inventory-to-Revenue may signal an oncoming cash flow problem.

Likewise, a decrease in the Inventory-to-Revenue from one quarter to next indicates that one of these is occurring:

1. investment in inventory is shrinking in relation to revenue
2. revenue are increasing
No matter which situation is causing the reduction in the Inventory-to-Revenue, either one suggests that business's inventory levels and its cash flow are effectively managed.

More Related Terms:

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

PetroNor E&P ASA'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
=241.7315/307.083*365 / 4
=71.83

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

PetroNor E&P ASA's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

Inventory Turnover=Cost of Goods Sold (Q: Dec. 2023 ) / Average Total Inventories (Q: Dec. 2023 )
=307.083 / 241.7315
=1.27

* 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.


PetroNor E&P ASA Inventory-to-Revenue Related Terms

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PetroNor E&P ASA (OSL:PNOR) Business Description

Traded in Other Exchanges
Address
Froyas gate 13, Oslo, NOR, 0273
PetroNor E&P ASA is an independent oil and gas exploration and production company. The principal activities of the group are the exploration and production of crude oil.

PetroNor E&P ASA (OSL:PNOR) Headlines

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