Aker BP ASA (Aker BP ASA) Change In Inventory : $-34 Mil (TTM As of Mar. 2024)

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What is Aker BP ASA Change In Inventory?

Aker BP ASA's change in inventory for the quarter that ended in Mar. 2024 was $-476 Mil. It means Aker BP ASA's inventory increased by $476 Mil from Dec. 2023 to Mar. 2024 .

Aker BP ASA's change in inventory for the fiscal year that ended in Dec. 2023 was $575 Mil. It means Aker BP ASA's inventory declined by $575 Mil from Dec. 2022 to Dec. 2023 .

Aker BP ASA's Total Inventories for the quarter that ended in Mar. 2024 was $232 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Aker BP ASA's Days Inventory for the quarter that ended in Mar. 2024 was 22.72.

Inventory Turnover measures how fast the company turns over its inventory within a year. Aker BP ASA's Inventory Turnover for the quarter that ended in Mar. 2024 was 4.02.

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. Aker BP ASA's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.07.

Aker BP ASA Change In Inventory Historical Data

The historical data trend for Aker BP ASA'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.

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Aker BP ASA Change In Inventory Chart

Aker BP ASA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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-48.79

-313.90

575.00

Aker BP ASA Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Change In Inventory	Get a 7-Day Free Trial															133.80	207.17	-271.70	505.80	-475.50

Aker BP ASA 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-34 Mil.

Aker BP ASA (OTCPK:AKRBF) Change In Inventory Explanation

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

Aker BP ASA's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	217.15	/	872.1	*	365 / 4
	=	22.72

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

Aker BP ASA's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	872.1	/	217.15
	=	4.02

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.

Aker BP ASA's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	217.15	/	3052.7
	=	0.07

Aker BP ASA Change In Inventory Related Terms

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Aker BP ASA (Aker BP ASA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Aker BP ASA (OTCPK:AKRBF) » Definitions » Change In Inventory

Comparable Companies

Traded in Other Exchanges

AKRBY:USA AKERBPo:Sweden AKRBP:Norway AKRBPo:UK 0M5J:UK ARC:Germany

Address

Oksenoyveien 10, Fornebuporten, Building B, Lysaker, NOR, 1366

Website

https://www.akerbp.com

Aker BP ASA operates oil and gas production, development, and exploration projects on the Norwegian Continental Shelf (NCS). Its projects include Alvheim field, Ivar Aasen, Skarv, and Valhall. Revenue is derived from a short list of clients and primarily consists of liquid sales. The Alvheim field, which developed with an FPSO, contributes the most volume for the company. Fields in close proximity to Alvheim are tied to Alvheim's FPSO. From the tiebacks, oil is transported from the field with shuttle tankers, and associated gas is exported to Scotland through a gas evacuation system.