Perpetual Energy (Perpetual Energy) Inventory Turnover : 16.27 (As of Dec. 2023)

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What is Perpetual 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. Perpetual Energy's Cost of Goods Sold for the three months ended in Dec. 2023 was $9.01 Mil. Perpetual Energy's Average Total Inventories for the quarter that ended in Dec. 2023 was $0.55 Mil. Perpetual Energy's Inventory Turnover for the quarter that ended in Dec. 2023 was 16.27.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Perpetual Energy's Days Inventory for the three months ended in Dec. 2023 was 5.61.

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

Perpetual Energy Inventory Turnover Historical Data

The historical data trend for Perpetual 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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Perpetual Energy Inventory Turnover Chart

Perpetual Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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81.35

74.94

Perpetual Energy Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															21.97	19.75	16.01	15.20	16.27

Perpetual Energy Inventory Turnover Calculation

Perpetual 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 )
=	37.169	/ (	(0.496	+	0)	/	1 )
=	37.169	/	0.496
=	74.94

Perpetual 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: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	9.012	/ (	(0.554	+	0)	/	1 )
=	9.012	/	0.554
=	16.27

Perpetual Energy (OTCPK:PMGYF) 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.

Perpetual Energy's Days Inventory for the three 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
	=	0.554	/	9.012	*	365 / 4
	=	5.61

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.

Perpetual 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 )
	=	0.554	/	9.518
	=	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.

Perpetual Energy Inventory Turnover Related Terms

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Perpetual Energy (Perpetual Energy) Business Description

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PMT:Canada

Address

605 - 5th Avenue South west, Suite 3200, Calgary, AB, CAN, T2P 3H5

Website

http://www.perpetualenergyinc.com

Perpetual Energy Inc is an oil and natural gas exploration, production, and marketing company, It owns a diversified asset portfolio, including liquids-rich conventional natural gas assets in the deep basin of West Central Alberta, heavy crude oil and shallow conventional natural gas in Eastern Alberta, and undeveloped bitumen leases in Northern Alberta. The company derives key revenue from the sale of oil and natural gas.

Perpetual Energy (Perpetual Energy) Headlines

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