Phoenix Global Resources (Phoenix Global Resources) Inventory Turnover : 2.02 (As of Dec. 2021)

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What is Phoenix Global Resources 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. Phoenix Global Resources's Cost of Goods Sold for the six months ended in Dec. 2021 was $39.70 Mil. Phoenix Global Resources's Average Total Inventories for the quarter that ended in Dec. 2021 was $19.68 Mil. Phoenix Global Resources's Inventory Turnover for the quarter that ended in Dec. 2021 was 2.02.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Phoenix Global Resources's Days Inventory for the six months ended in Dec. 2021 was 90.45.

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. Phoenix Global Resources's Inventory-to-Revenue for the quarter that ended in Dec. 2021 was 0.47.

Phoenix Global Resources Inventory Turnover Historical Data

The historical data trend for Phoenix Global Resources'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.

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Phoenix Global Resources Inventory Turnover Chart

Phoenix Global Resources Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Inventory Turnover

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11.28

9.83

8.16

4.45

4.24

Phoenix Global Resources Semi-Annual Data
	Jun12	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21
Inventory Turnover	Get a 7-Day Free Trial															4.00	2.00	2.22	2.22	2.02

Phoenix Global Resources Inventory Turnover Calculation

Phoenix Global Resources's Inventory Turnover for the fiscal year that ended in Dec. 2021 is calculated as

	Inventory Turnover (A: Dec. 2021 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2021 )	/ (	(Total Inventories (A: Dec. 2020 )	+	Total Inventories (A: Dec. 2021 ))	/	count )
=	81.472	/ (	(18.349	+	20.112)	/	2 )
=	81.472	/	19.2305
=	4.24

Phoenix Global Resources's Inventory Turnover for the quarter that ended in Dec. 2021 is calculated as

	Inventory Turnover (Q: Dec. 2021 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2021 )	/ (	(Total Inventories (Q: Jun. 2021 )	+	Total Inventories (Q: Dec. 2021 ))	/	count )
=	39.703	/ (	(19.244	+	20.112)	/	2 )
=	39.703	/	19.678
=	2.02

Phoenix Global Resources (OTCPK:ANEGY) 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.

Phoenix Global Resources's Days Inventory for the six months ended in Dec. 2021 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2021 )	/	Cost of Goods Sold (Q: Dec. 2021 )	*	Days in Period
	=	19.678	/	39.703	*	365 / 2
	=	90.45

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.

Phoenix Global Resources's Inventory to Revenue for the quarter that ended in Dec. 2021 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2021 )	/	Revenue (Q: Dec. 2021 )
	=	19.678	/	42.231
	=	0.47

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.

Phoenix Global Resources Inventory Turnover Related Terms

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Phoenix Global Resources (Phoenix Global Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Phoenix Global Resources PLC (OTCPK:ANEGY) » Definitions » Inventory Turnover

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Traded in Other Exchanges

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Address

62 Buckingham Gate, 1st Floor, London, GBR, SW1E 6AJ

Website

https://www.phoenixglobalresources.com

Phoenix Global Resources PLC is an oil and gas production, appraisal, and exploration company. The company focuses on producing, developing, and exploring assets specifically in Argentina and Colombia. Its portfolio of production, development and exploration licenses in proven is engaged in producing and prolific basins in Argentina and Paraguay. The company operates in three segments: Neuquina, Austral and Cuyana basins. Most of the company's revenue comes through the oil business from the Neuquina basin.

Phoenix Global Resources (Phoenix Global Resources) Headlines

From GuruFocus

Phoenix Global Resources - Mata Mora and Corralera Working Interests Increased to 90% and Award of Four New Neuquén Province Blocks

By PRNewswire PRNewswire • 04-30-2018