Petrolia SE (OSL:PSE) Inventory Turnover : 0.00 (As of Dec. 2023)

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What is Petrolia SE 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. Petrolia SE's Cost of Goods Sold for the six months ended in Dec. 2023 was kr0.0 Mil. Petrolia SE's Average Total Inventories for the quarter that ended in Dec. 2023 was kr20.3 Mil. Petrolia SE's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.00.

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

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. Petrolia SE's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.08.

Petrolia SE Inventory Turnover Historical Data

The historical data trend for Petrolia SE'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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Petrolia SE Inventory Turnover Chart

Petrolia SE Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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23.29

10.02

10.08

12.08

11.84

Petrolia SE Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															-	-	-	-	-

Petrolia SE Inventory Turnover Calculation

Petrolia SE'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 )
=	220.05	/ (	(19.414	+	17.755)	/	2 )
=	220.05	/	18.5845
=	11.84

Petrolia SE's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

	Inventory Turnover (Q: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2023 )	/ (	(Total Inventories (Q: Jun. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	0	/ (	(22.791	+	17.755)	/	2 )
=	0	/	20.273
=	0.00

Petrolia SE (OSL:PSE) 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.

Petrolia SE's Days Inventory for the six 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
	=	20.273	/	0	*	365 / 2
	=

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.

Petrolia SE's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	20.273	/	264.632
	=	0.08

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.

Petrolia SE Inventory Turnover Related Terms

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Petrolia SE (OSL:PSE) Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Petrolia SE (OSL:PSE) » Definitions » Inventory Turnover

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PSEo:Sweden

Address

205 Christodoulou Chatzipavlou Street, Loulloupis Court, 4th Floor, Office 401, Limassol, CYP, 3036

Website

https://www.petrolia.eu

Petrolia SE is an international oil service company. The main activities of the company are within two segments: The energy division and the Energy Service division. The group operates in Norway, Europe outside Norway, Asia and Australia, and other regions. The company generates maximum revenue from Asia and Australia. It generates revenue by providing drilling equipment, such as drill pipes and test strings to oil companies, drilling contractors, and oil service companies.

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