InterOil Exploration and Production ASA (OSL:IOX) Inventory Turnover : 10.16 (As of Mar. 2024)

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What is InterOil Exploration and Production ASA 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. InterOil Exploration and Production ASA's Cost of Goods Sold for the three months ended in Mar. 2024 was kr33.1 Mil. InterOil Exploration and Production ASA's Average Total Inventories for the quarter that ended in Mar. 2024 was kr3.3 Mil. InterOil Exploration and Production ASA's Inventory Turnover for the quarter that ended in Mar. 2024 was 10.16.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. InterOil Exploration and Production ASA's Days Inventory for the three months ended in Mar. 2024 was 8.98.

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. InterOil Exploration and Production ASA's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.04.

InterOil Exploration and Production ASA Inventory Turnover Historical Data

The historical data trend for InterOil Exploration and Production ASA'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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InterOil Exploration and Production ASA Inventory Turnover Chart

InterOil Exploration and Production ASA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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21.18

19.22

19.53

21.99

42.39

InterOil Exploration and Production ASA 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															3.74	3.34	14.72	12.67	10.16

InterOil Exploration and Production ASA Inventory Turnover Calculation

InterOil Exploration and Production ASA'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 )
=	144.949	/ (	(3.695	+	3.144)	/	2 )
=	144.949	/	3.4195
=	42.39

InterOil Exploration and Production ASA'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 )
=	33.12	/ (	(3.144	+	3.375)	/	2 )
=	33.12	/	3.2595
=	10.16

InterOil Exploration and Production ASA (OSL:IOX) 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.

InterOil Exploration and Production ASA'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
	=	3.2595	/	33.12	*	365 / 4
	=	8.98

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.

InterOil Exploration and Production ASA'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 )
	=	3.2595	/	82.647
	=	0.04

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.

InterOil Exploration and Production ASA Inventory Turnover Related Terms

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InterOil Exploration and Production ASA (OSL:IOX) Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » InterOil Exploration and Production ASA (OSL:IOX) » Definitions » Inventory Turnover

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IOXO:Sweden

Address

c/o Advokatfirmaet Schjodt AS, Ruselokkveien 14, Oslo, NOR, 0251

Website

https://www.interoil.no

InterOil Exploration and Production ASA is an upstream oil exploration and production company. It is engaged in the exploration, development, production, purchase, and sale of oil and natural gas deposits. The group has a reportable segment namely Colombia and Argentina, which consists of upstream activities including oil and natural gas exploration, field development, and production from its licenses in Colombia, which is the group's strategic business unit. The operations of the firm are carried out in Colombia, Norway and Argentina.

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