TotalEnergies SE (TotalEnergies SE) Inventory Turnover

: 1.98 (As of Dec. 2023)

View and export this data going back to 1991. Start your Free Trial

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. TotalEnergies SE's Cost of Goods Sold for the three months ended in Dec. 2023 was $41,458 Mil. TotalEnergies SE's Average Total Inventories for the quarter that ended in Dec. 2023 was $20,915 Mil. TotalEnergies SE's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.98.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. TotalEnergies SE's Days Inventory for the three months ended in Dec. 2023 was 46.03.

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. TotalEnergies SE's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.38.

TotalEnergies SE Inventory Turnover Historical Data

The historical data trend for TotalEnergies SE'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.

Array ( [0] => - [1] => - [2] => - [3] => - [4] => - [5] => 8.26 [6] => 6.28 [7] => 7.65 [8] => 8.49 [9] => 7.41 )

TotalEnergies SE Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

8.26

6.28

7.65

8.49

7.41

TotalEnergies SE Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Inventory Turnover																1.86	1.81	1.78	1.78	1.98

TotalEnergies SE Inventory Turnover Calculation

TotalEnergies SE'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 )
=	156572	/ (	(22936	+	19317)	/	2 )
=	156572	/	21126.5
=	7.41

TotalEnergies SE'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 )
=	41458	/ (	(22512	+	19317)	/	2 )
=	41458	/	20914.5
=	1.98

TotalEnergies SE (NYSE:TTE) 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.

TotalEnergies SE'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
	=	20914.5	/	41458	*	365 / 4
	=	46.03

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.

TotalEnergies SE'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 )
	=	20914.5	/	54765
	=	0.38

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.

TotalEnergies SE Inventory Turnover Related Terms

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

TotalEnergies SE (TotalEnergies SE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » TotalEnergies SE (NYSE:TTE) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

TTFNF:USA TOT N:Mexico 0A30:UK TTEp:UK TTE:UK TTE:France TOTB:Germany TOTB:Germany TOTA:Germany TOTB:Germany TOTB:Germany TOTA:Germany FP:Austria

Address

2, Place Jean Millier, La Defense 6, Courbevoie, FRA, 92400

Website

https://www.totalenergies.com

TotalEnergies is an integrated oil and gas company that explores for, produces, and refines oil around the world. In 2022, it produced 1.5 million barrels of liquids and 6.8 billion cubic feet of natural gas per day. At end-2022, reserves stood at 10.2 billion barrels of oil equivalent, 56% of which are liquids. During 2021, it had LNG sales of 48.1 Mt. The company owns interests in refineries with capacity of nearly 2.0 million barrels a day, primarily in Europe, distributes refined products in 65 countries, and manufactures commodity and specialty chemicals. It also holds a 19% interest in Russian oil company Novatek. At year-end, its gross installed renewable power generation capacity was 16.8 GW.