Gulf Keystone Petroleum (Gulf Keystone Petroleum) Change In Inventory : $-7.6 Mil (TTM As of Dec. 2023)

View and export this data going back to 2008. Start your Free Trial

What is Gulf Keystone Petroleum Change In Inventory?

Gulf Keystone Petroleum's change in inventory for the quarter that ended in Dec. 2023 was $2.3 Mil. It means Gulf Keystone Petroleum's inventory declined by $2.3 Mil from Jun. 2023 to Dec. 2023 .

Gulf Keystone Petroleum's change in inventory for the fiscal year that ended in Dec. 2023 was $-7.6 Mil. It means Gulf Keystone Petroleum's inventory increased by $7.6 Mil from Dec. 2022 to Dec. 2023 .

Gulf Keystone Petroleum's Total Inventories for the quarter that ended in Dec. 2023 was $9.9 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Gulf Keystone Petroleum's Days Inventory for the quarter that ended in Dec. 2023 was 43.70.

Inventory Turnover measures how fast the company turns over its inventory within a year. Gulf Keystone Petroleum's Inventory Turnover for the quarter that ended in Dec. 2023 was 4.18.

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. Gulf Keystone Petroleum's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.27.

Gulf Keystone Petroleum Change In Inventory Historical Data

The historical data trend for Gulf Keystone Petroleum's Change In Inventory 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.

Gulf Keystone Petroleum Change In Inventory Chart

Gulf Keystone Petroleum Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

Get a 7-Day Free Trial

-16.85

0.37

-0.26

-0.35

-7.61

Gulf Keystone Petroleum Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Change In Inventory	Get a 7-Day Free Trial															-1.24	0.60	-0.95	-9.86	2.25

Gulf Keystone Petroleum Change In Inventory Calculation

Change In Inventory is the difference between last period's ending inventory and the current period's ending inventory.

Change In Inventory for the trailing twelve months (TTM) ended in Dec. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was $-7.6 Mil.

Gulf Keystone Petroleum (OTCPK:GFKSY) Change In Inventory Explanation

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

Gulf Keystone Petroleum's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	12.03	/	50.236	*	365 / 2
	=	43.70

2. Inventory Turnover measures how fast the company turns over its inventory within a year.

Gulf Keystone Petroleum's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	50.236	/	12.03
	=	4.18

3. 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.

Gulf Keystone Petroleum's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	12.03	/	43.959
	=	0.27

Gulf Keystone Petroleum Change In Inventory Related Terms

Thank you for viewing the detailed overview of Gulf Keystone Petroleum's Change In Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.

Gulf Keystone Petroleum (Gulf Keystone Petroleum) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Gulf Keystone Petroleum Ltd (OTCPK:GFKSY) » Definitions » Change In Inventory

Comparable Companies

Traded in Other Exchanges

GUKYF:USA GKPl:UK GKP:UK GVP1:Germany

Address

C/o Coson Corporate Services Limited, 41 Cedar Avenue, Cedar House, 3rd Floor, Hamilton, BMU, HM12

Website

https://www.gulfkeystone.com

Gulf Keystone Petroleum Ltd is a holding company, which is engaged in oil and gas exploration and production. It mainly operates in the Kurdistan Region of Iraq, the Republic of Algeria, and Others. The Kurdistan Region of Iraq segment consists of the Shaikan, Ber Bahr blocks, and the Erbil office, which provides support to the operations in Kurdistan. It generates its revenues from the sale of oil.

Gulf Keystone Petroleum (Gulf Keystone Petroleum) Headlines

From GuruFocus

Are You Interested in a Takeover Candidate That Might Get Bought at 4x the Current Share Price?

By CanadianValue CanadianValue • 12-19-2011