Victoria Oil & Gas (Victoria Oil & Gas) Inventory Turnover : 180.12 (As of Jun. 2021)

View and export this data going back to 2005. Start your Free Trial

What is Victoria Oil & Gas 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. Victoria Oil & Gas's Cost of Goods Sold for the six months ended in Jun. 2021 was $1.53 Mil. Victoria Oil & Gas's Average Total Inventories for the quarter that ended in Jun. 2021 was $0.01 Mil. Victoria Oil & Gas's Inventory Turnover for the quarter that ended in Jun. 2021 was 180.12.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Victoria Oil & Gas's Days Inventory for the six months ended in Jun. 2021 was 1.01.

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. Victoria Oil & Gas's Inventory-to-Revenue for the quarter that ended in Jun. 2021 was 0.00.

Victoria Oil & Gas Inventory Turnover Historical Data

The historical data trend for Victoria Oil & Gas'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.

* Premium members only.

Victoria Oil & Gas Inventory Turnover Chart

Victoria Oil & Gas Annual Data

Trend

May11

May12

May13

May14

May15

Dec16

Dec17

Dec18

Dec19

Dec20

Inventory Turnover

Get a 7-Day Free Trial

1,664.06

1,278.06

522.48

1,266.13

357.40

Victoria Oil & Gas Semi-Annual Data
	Nov11	May12	Nov12	May13	Nov13	May14	Nov14	May15	Nov15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21
Inventory Turnover	Get a 7-Day Free Trial															282.41	1,013.64	205.63	321.50	180.12

Victoria Oil & Gas Inventory Turnover Calculation

Victoria Oil & Gas's Inventory Turnover for the fiscal year that ended in Dec. 2020 is calculated as

	Inventory Turnover (A: Dec. 2020 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2020 )	/ (	(Total Inventories (A: Dec. 2019 )	+	Total Inventories (A: Dec. 2020 ))	/	count )
=	3.574	/ (	(0.012	+	0.008)	/	2 )
=	3.574	/	0.01
=	357.40

Victoria Oil & Gas's Inventory Turnover for the quarter that ended in Jun. 2021 is calculated as

	Inventory Turnover (Q: Jun. 2021 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jun. 2021 )	/ (	(Total Inventories (Q: Dec. 2020 )	+	Total Inventories (Q: Jun. 2021 ))	/	count )
=	1.531	/ (	(0.008	+	0.009)	/	2 )
=	1.531	/	0.0085
=	180.12

Victoria Oil & Gas (OTCPK:VCOGF) 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.

Victoria Oil & Gas's Days Inventory for the six months ended in Jun. 2021 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2021 )	/	Cost of Goods Sold (Q: Jun. 2021 )	*	Days in Period
	=	0.0085	/	1.531	*	365 / 2
	=	1.01

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.

Victoria Oil & Gas's Inventory to Revenue for the quarter that ended in Jun. 2021 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2021 )	/	Revenue (Q: Jun. 2021 )
	=	0.0085	/	7.148
	=	0.00

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.

Victoria Oil & Gas Inventory Turnover Related Terms

Thank you for viewing the detailed overview of Victoria Oil & Gas's Inventory Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Victoria Oil & Gas (Victoria Oil & Gas) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Victoria Oil & Gas PLC (OTCPK:VCOGF) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Scott House, Suite 1 The Concourse, Waterloo Station, GBR, SE1 7LY

Website

http://www.victoriaoilandgas.com

Victoria Oil & Gas PLC is a UK-based company that operates a fully integrated domestic natural gas production and distribution business and supplies industry in the port city of Douala, Cameroon. The principal activities of the company include exploration, production, and distribution and the sale of hydrocarbons and related activities. It focuses on the development of the Logbaba gas and condensate field to supply gas to its customers and the expansion of the gas pipeline distribution network. The company's operating segments are Cameroon, Russia & Kazakhstan, and Corporate. Most of the company's revenue is generated from Cameroon.

Victoria Oil & Gas (Victoria Oil & Gas) Headlines

No Headlines