Petro Welt Technologies AG (FRA:O2C) Inventory Turnover : 1.45 (As of Jun. 2023)

View and export this data going back to 2006. Start your Free Trial

What is Petro Welt Technologies AG 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. Petro Welt Technologies AG's Cost of Goods Sold for the three months ended in Jun. 2023 was €3.73 Mil. Petro Welt Technologies AG's Average Total Inventories for the quarter that ended in Jun. 2023 was €2.57 Mil. Petro Welt Technologies AG's Inventory Turnover for the quarter that ended in Jun. 2023 was 1.45.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Petro Welt Technologies AG's Days Inventory for the three months ended in Jun. 2023 was 62.81.

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. Petro Welt Technologies AG's Inventory-to-Revenue for the quarter that ended in Jun. 2023 was 0.50.

Petro Welt Technologies AG Inventory Turnover Historical Data

The historical data trend for Petro Welt Technologies AG'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.

Petro Welt Technologies AG Inventory Turnover Chart

Petro Welt Technologies AG Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Inventory Turnover

Get a 7-Day Free Trial

6.52

6.87

5.36

0.15

0.47

Petro Welt Technologies AG Quarterly Data
	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Dec22	Mar23	Jun23
Inventory Turnover	Get a 7-Day Free Trial															-	0.02	-	-	1.45

Petro Welt Technologies AG Inventory Turnover Calculation

Petro Welt Technologies AG's Inventory Turnover for the fiscal year that ended in Dec. 2022 is calculated as

	Inventory Turnover (A: Dec. 2022 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2022 )	/ (	(Total Inventories (A: Dec. 2021 )	+	Total Inventories (A: Dec. 2022 ))	/	count )
=	9.127	/ (	(36.57	+	2.636)	/	2 )
=	9.127	/	19.603
=	0.47

Petro Welt Technologies AG's Inventory Turnover for the quarter that ended in Jun. 2023 is calculated as

	Inventory Turnover (Q: Jun. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jun. 2023 )	/ (	(Total Inventories (Q: Mar. 2023 )	+	Total Inventories (Q: Jun. 2023 ))	/	count )
=	3.732	/ (	(2.583	+	2.555)	/	2 )
=	3.732	/	2.569
=	1.45

Petro Welt Technologies AG (FRA:O2C) 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.

Petro Welt Technologies AG's Days Inventory for the three months ended in Jun. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2023 )	/	Cost of Goods Sold (Q: Jun. 2023 )	*	Days in Period
	=	2.569	/	3.732	*	365 / 4
	=	62.81

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.

Petro Welt Technologies AG's Inventory to Revenue for the quarter that ended in Jun. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2023 )	/	Revenue (Q: Jun. 2023 )
	=	2.569	/	5.096
	=	0.50

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.

Petro Welt Technologies AG Inventory Turnover Related Terms

Thank you for viewing the detailed overview of Petro Welt Technologies AG's Inventory Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Petro Welt Technologies AG (FRA:O2C) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Petro Welt Technologies AG (FRA:O2C) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Karntner Ring 11-13, Vienna, AUT, 1010

Website

https://www.pewete.com

Petro Welt Technologies AG is a service provider of oilfield services in Russia & Kazakhstan. The operating segment of the company is Well Services & Stimulation, Drilling, Sidetracking, Integrated Project Management (IPM), and Proppant Manufacturing. The Well Services & Stimulation segment comprises hydraulic fracturing, cementing, & coiled tubing, with a focus on hydraulic fracturing, a method of well stimulation. The Drilling, Sidetracking, & IPM segment encompasses conventional drilling, sidetrack drilling, & IPM. The Proppant Manufacturing segment offers goods for the oil & natural gas industry & manufactures different kinds of Proppant in Kopeysk, Russia. The majority is from the Well Services and Stimulation segment. Geographically, key revenue is from Russia.

Petro Welt Technologies AG (FRA:O2C) Headlines

No Headlines