Kosmos Energy (CHIX:KOSL) Inventory Turnover : 1.18 (As of Mar. 2024)

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What is Kosmos Energy 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. Kosmos Energy's Cost of Goods Sold for the three months ended in Mar. 2024 was £153 Mil. Kosmos Energy's Average Total Inventories for the quarter that ended in Mar. 2024 was £129 Mil. Kosmos Energy's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.18.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Kosmos Energy's Days Inventory for the three months ended in Mar. 2024 was 77.13.

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. Kosmos Energy's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.39.

Kosmos Energy Inventory Turnover Historical Data

The historical data trend for Kosmos Energy'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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Kosmos Energy Inventory Turnover Chart

Kosmos Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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9.56

6.69

5.55

6.33

5.74

Kosmos Energy Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial															1.30	0.85	1.58	1.40	1.18

Kosmos Energy Inventory Turnover Calculation

Kosmos Energy's Inventory Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Inventory Turnover (A: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2023 )	/ (	(Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )
=	659.669	/ (	(109.616	+	120.123)	/	2 )
=	659.669	/	114.8695
=	5.74

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

	Inventory Turnover (Q: Mar. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2024 )	/ (	(Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )
=	153.108	/ (	(120.123	+	138.703)	/	2 )
=	153.108	/	129.413
=	1.18

Kosmos Energy (CHIX:KOSl) 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.

Kosmos Energy's Days Inventory for the three months ended in Mar. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2024 )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
	=	129.413	/	153.108	*	365 / 4
	=	77.13

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.

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

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	129.413	/	329.834
	=	0.39

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.

Kosmos Energy Inventory Turnover Related Terms

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Kosmos Energy (CHIX:KOSL) Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Kosmos Energy Ltd (CHIX:KOSl) » Definitions » Inventory Turnover

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Address

C/O Kosmos Energy LLC, 8176 Park Lane, Suite 500, Dallas, TX, USA, 75231

Website

https://www.kosmosenergy.com

Kosmos Energy Ltd is an independent oil and gas exploration and production company focused on frontier and emerging areas along the Atlantic Margin. The company focuses on field developments designed to accelerate production. Kosmos' exploration is tied to a geologically based approach geared toward the identification of petroleum systems. Its process starts with geologic studies that assess a region's subsurface but also incorporates basin modeling as well as techniques to identify reservoir/seal pair development and trap definition. In addition, a 3D seismic analysis is done to identify prospective traps of interest. In tandem with the subsurface analysis, a country-specific analysis is done to get an understanding of above-ground dynamics before targeting specific licenses.

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