Pieridae Energy (TSX:PEA) Inventory Turnover : 6.69 (As of Mar. 2024)

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What is Pieridae 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. Pieridae Energy's Cost of Goods Sold for the three months ended in Mar. 2024 was C$25.1 Mil. Pieridae Energy's Average Total Inventories for the quarter that ended in Mar. 2024 was C$3.8 Mil. Pieridae Energy's Inventory Turnover for the quarter that ended in Mar. 2024 was 6.69.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Pieridae Energy's Days Inventory for the three months ended in Mar. 2024 was 13.65.

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. Pieridae Energy's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.05.

Pieridae Energy Inventory Turnover Historical Data

The historical data trend for Pieridae 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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Pieridae Energy Inventory Turnover Chart

Pieridae Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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4.37

2.26

6.05

46.70

20.92

Pieridae 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															9.79	-0.11	5.06	6.10	6.69

Pieridae Energy Inventory Turnover Calculation

Pieridae 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 )
=	70.902	/ (	(3.122	+	3.656)	/	2 )
=	70.902	/	3.389
=	20.92

Pieridae 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 )
=	25.103	/ (	(3.656	+	3.852)	/	2 )
=	25.103	/	3.754
=	6.69

Pieridae Energy (TSX:PEA) 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.

Pieridae 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
	=	3.754	/	25.103	*	365 / 4
	=	13.65

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.

Pieridae 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 )
	=	3.754	/	76.31
	=	0.05

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.

Pieridae Energy Inventory Turnover Related Terms

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Pieridae Energy (TSX:PEA) Business Description

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PTOAF:USA

Address

308 - 4th Avenue SW, Suite 3100, Calgary, AB, CAN, T2P 0H7

Website

https://www.pieridaeenergy.com

Pieridae Energy Ltd is a Canadian owned corporation focused on the development of integrated energy-related activities, from exploration and extraction of natural gas to the development, construction and operation of Goldboro LNG facility and the production of LNG for sale to Europe and other markets. It is a mid-sized oil and gas entity including midstream operatorship, and three large, deep cut, sour gas plants and associated Sulphur forming facilities, together with various pipelines which are connected to the TC Energy NOVA pipeline system in Alberta Its upstream segment is comprised of petroleum and natural gas production operations and properties. It also includes the company's upstream operations in Eastern Canada and corporate overhead activities associated with these operations.

Executives

John Emery

Senior Officer

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