Pharos Energy (LSE:PHAR) Inventory Turnover : 11.26 (As of Dec. 2023)

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What is Pharos 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. Pharos Energy's Cost of Goods Sold for the six months ended in Dec. 2023 was £41.9 Mil. Pharos Energy's Average Total Inventories for the quarter that ended in Dec. 2023 was £3.7 Mil. Pharos Energy's Inventory Turnover for the quarter that ended in Dec. 2023 was 11.26.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Pharos Energy's Days Inventory for the six months ended in Dec. 2023 was 16.21.

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. Pharos Energy's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.06.

Pharos Energy Inventory Turnover Historical Data

The historical data trend for Pharos 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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Pharos Energy Inventory Turnover Chart

Pharos Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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12.58

7.22

6.64

10.26

20.63

Pharos Energy Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															3.58	4.53	6.40	8.58	11.26

Pharos Energy Inventory Turnover Calculation

Pharos 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 )
=	87.848	/ (	(5.911	+	2.607)	/	2 )
=	87.848	/	4.259
=	20.63

Pharos Energy's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

	Inventory Turnover (Q: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2023 )	/ (	(Total Inventories (Q: Jun. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	41.87	/ (	(4.831	+	2.607)	/	2 )
=	41.87	/	3.719
=	11.26

Pharos Energy (LSE:PHAR) 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.

Pharos Energy's Days Inventory for the six months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	3.719	/	41.87	*	365 / 2
	=	16.21

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.

Pharos Energy's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	3.719	/	64.543
	=	0.06

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.

Pharos Energy Inventory Turnover Related Terms

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Pharos Energy (LSE:PHAR) Business Description

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SOCLF:USA PHARl:UK

Address

27/28 Eastcastle Street, Eastcastle House, London, GBR, W1W 8DH

Website

https://www.pharos.energy

Pharos Energy PLC is an independent oil and gas exploration and production company. All of the company's oil and gas revenue is derived from foreign countries which are Vietnam, China and Egypt. The majority of oil and gas revenue is earned in Vietnam.