Heritage Oil (FRA:HOI) Change In Inventory : €5.9 Mil (TTM As of Dec. 2013)

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What is Heritage Oil Change In Inventory?

Heritage Oil's change in inventory for the quarter that ended in Dec. 2013 was €5.9 Mil. It means Heritage Oil's inventory declined by €5.9 Mil from Dec. 2012 to Dec. 2013 .

Heritage Oil's change in inventory for the fiscal year that ended in Dec. 2013 was €5.9 Mil. It means Heritage Oil's inventory declined by €5.9 Mil from Dec. 2012 to Dec. 2013 .

Heritage Oil's Total Inventories for the quarter that ended in Dec. 2013 was €0.2 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Heritage Oil's Days Inventory for the quarter that ended in Dec. 2013 was 6.25.

Inventory Turnover measures how fast the company turns over its inventory within a year. Heritage Oil's Inventory Turnover for the quarter that ended in Dec. 2013 was 29.21.

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. Heritage Oil's Inventory-to-Revenue for the quarter that ended in Dec. 2013 was 0.01.

Heritage Oil Change In Inventory Historical Data

The historical data trend for Heritage Oil'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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Heritage Oil Change In Inventory Chart

Heritage Oil Annual Data

Trend

Dec04

Dec05

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Change In Inventory

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0.22

-0.06

0.01

-6.33

5.90

Heritage Oil Semi-Annual Data
	Dec97	Dec98	Dec99	Dec00	Dec01	Dec02	Dec03	Dec04	Dec05	Dec06	Dec07	Dec08	Dec09	Dec10	Dec11	Dec12	Dec13
Change In Inventory	Get a 7-Day Free Trial												0.22	-0.06	0.01	-6.33	5.90

Heritage Oil Change In Inventory Calculation

Change In Inventory is the difference between last period's ending inventory and the current period's ending inventory.

For stock reported annually, GuruFocus uses latest annual data as the TTM data. Change In Inventory for the trailing twelve months (TTM) ended in Dec. 2013 was €5.9 Mil.

Heritage Oil (FRA:HOI) Change In Inventory Explanation

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

Heritage Oil's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	3.309	/	96.666	*	365 / 2
	=	6.25

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

Heritage Oil's Inventory Turnover for the quarter that ended in Dec. 2013 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	96.666	/	3.309
	=	29.21

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.

Heritage Oil's Inventory to Revenue for the quarter that ended in Dec. 2013 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	3.309	/	315.305
	=	0.01

Heritage Oil Change In Inventory Related Terms

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Heritage Oil (FRA:HOI) Business Description

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Website

http://www.heritageoilplc.com

Heritage Oil PLC was incorporated under the Jersey Companies Law on 6 February 2008 as Heritage Oil Limited. The Company changed its name to Heritage Oil Plc on 18 June 2009. The Company is an independent international oil and gas company. The Company is engaged in the exploration, development and production of petroleum and natural gas in Africa, the Middle East and Russia. The Company has exploration projects in Nigeria, Russia, Tanzania, Papua New Guinea, Malta, Pakistan and Libya. The Company has producing assets in Nigeria and Russia and exploration assets in Tanzania, Papua New Guinea, Malta, Libya and Pakistan.

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