Pakistan Oilfields (KAR:POL) Inventory Turnover : 0.65 (As of Mar. 2024)

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What is Pakistan Oilfields 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. Pakistan Oilfields's Cost of Goods Sold for the three months ended in Mar. 2024 was ₨4,973 Mil. Pakistan Oilfields's Average Total Inventories for the quarter that ended in Mar. 2024 was ₨7,627 Mil. Pakistan Oilfields's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.65.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Pakistan Oilfields's Days Inventory for the three months ended in Mar. 2024 was 139.95.

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. Pakistan Oilfields's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.46.

Pakistan Oilfields Inventory Turnover Historical Data

The historical data trend for Pakistan Oilfields'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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Pakistan Oilfields Inventory Turnover Chart

Pakistan Oilfields Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Inventory Turnover

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4.81

3.33

3.08

3.46

3.22

Pakistan Oilfields 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															0.88	0.62	0.83	0.83	0.65

Pakistan Oilfields Inventory Turnover Calculation

Pakistan Oilfields's Inventory Turnover for the fiscal year that ended in Jun. 2023 is calculated as

	Inventory Turnover (A: Jun. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Jun. 2023 )	/ (	(Total Inventories (A: Jun. 2022 )	+	Total Inventories (A: Jun. 2023 ))	/	count )
=	20570.65	/ (	(6177.656	+	6591.271)	/	2 )
=	20570.65	/	6384.4635
=	3.22

Pakistan Oilfields'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 )
=	4972.857	/ (	(7477.806	+	7775.977)	/	2 )
=	4972.857	/	7626.8915
=	0.65

Pakistan Oilfields (KAR:POL) 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.

Pakistan Oilfields'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
	=	7626.8915	/	4972.857	*	365 / 4
	=	139.95

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.

Pakistan Oilfields'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 )
	=	7626.8915	/	16723.485
	=	0.46

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.

Pakistan Oilfields Inventory Turnover Related Terms

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Pakistan Oilfields (KAR:POL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Pakistan Oilfields Ltd (KAR:POL) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

P.O.L. House, Morgah, Rawalpindi, PB, PAK

Website

https://www.pakoil.com.pk

Pakistan Oilfields Ltd (POL) is principally engaged in the exploration, drilling, and production of crude oil and gas. It also manufactures LPG (Liquified Petrolium Gas), solvent oil and sulphur. It markets LPG under its own brand named POLGAS as well as through its subsidiary. The company generates the highest revenues from the sale of crude oil.

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