Gran Tierra Energy (TSX:GTE) Inventory Turnover : 2.05 (As of Mar. 2024)

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What is Gran Tierra 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. Gran Tierra Energy's Cost of Goods Sold for the three months ended in Mar. 2024 was C$76.0 Mil. Gran Tierra Energy's Average Total Inventories for the quarter that ended in Mar. 2024 was C$37.0 Mil. Gran Tierra Energy's Inventory Turnover for the quarter that ended in Mar. 2024 was 2.05.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Gran Tierra Energy's Days Inventory for the three months ended in Mar. 2024 was 44.42.

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. Gran Tierra Energy's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.17.

Gran Tierra Energy Inventory Turnover Historical Data

The historical data trend for Gran Tierra 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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Gran Tierra Energy Inventory Turnover Chart

Gran Tierra Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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8.93

8.71

Gran Tierra 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															2.60	2.60	2.30	1.91	2.05

Gran Tierra Energy Inventory Turnover Calculation

Gran Tierra 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 )
=	289.228	/ (	(27.431	+	38.959)	/	2 )
=	289.228	/	33.195
=	8.71

Gran Tierra 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 )
=	76.004	/ (	(38.959	+	35.041)	/	2 )
=	76.004	/	37
=	2.05

Gran Tierra Energy (TSX:GTE) 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.

Gran Tierra 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
	=	37	/	76.004	*	365 / 4
	=	44.42

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.

Gran Tierra 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 )
	=	37	/	213.296
	=	0.17

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.

Gran Tierra Energy Inventory Turnover Related Terms

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Gran Tierra Energy (TSX:GTE) Business Description

Industry

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Address

500 Centre Street South East, Calgary, AB, CAN, T2G 1A6

Website

https://www.grantierra.com

Gran Tierra Energy Inc is an independent energy company. It is engaged in the acquisition, exploration, development, and production of oil and gas properties. The firm produces light crude oil, supplemented with medium crude and natural gas. Gran Tierra holds interests in producing and prospective properties in Colombia and prospective properties in Ecuador. The company derives its revenue from Colombia.

Executives

Ronald William Royal

Director