Petro Welt Technologies AG (LTS:0GNN) Change In Inventory : €0.00 Mil (TTM As of Jun. 2023)

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What is Petro Welt Technologies AG Change In Inventory?

Petro Welt Technologies AG's change in inventory for the quarter that ended in Jun. 2023 was €0.00 Mil. It means Petro Welt Technologies AG's inventory stayed the same from Mar. 2023 to Jun. 2023 .

Petro Welt Technologies AG's change in inventory for the fiscal year that ended in Dec. 2022 was €-13.22 Mil. It means Petro Welt Technologies AG's inventory increased by €13.22 Mil from Dec. 2021 to Dec. 2022 .

Petro Welt Technologies AG's Total Inventories for the quarter that ended in Jun. 2023 was €2.56 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Petro Welt Technologies AG's Days Inventory for the quarter that ended in Jun. 2023 was 62.81.

Inventory Turnover measures how fast the company turns over its inventory within a year. Petro Welt Technologies AG's Inventory Turnover for the quarter that ended in Jun. 2023 was 1.45.

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. Petro Welt Technologies AG's Inventory-to-Revenue for the quarter that ended in Jun. 2023 was 0.50.

Petro Welt Technologies AG Change In Inventory Historical Data

The historical data trend for Petro Welt Technologies AG'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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Petro Welt Technologies AG Change In Inventory Chart

Petro Welt Technologies AG Annual Data

Trend

Dec13

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Dec21

Dec22

Change In Inventory

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0.65

-6.18

-2.60

1.82

-13.22

Petro Welt Technologies AG Quarterly Data
	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Dec22	Mar23	Jun23
Change In Inventory	Get a 7-Day Free Trial															-	-	-	-	-

Petro Welt Technologies AG 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 Jun. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was €0.00 Mil.

Petro Welt Technologies AG (LTS:0GNN) Change In Inventory Explanation

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

Petro Welt Technologies AG's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	2.569	/	3.732	*	365 / 4
	=	62.81

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

Petro Welt Technologies AG's Inventory Turnover for the quarter that ended in Jun. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	3.732	/	2.569
	=	1.45

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.

Petro Welt Technologies AG's Inventory to Revenue for the quarter that ended in Jun. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	2.569	/	5.096
	=	0.50

Petro Welt Technologies AG Change In Inventory Related Terms

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Petro Welt Technologies AG (LTS:0GNN) Business Description

Industry

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Address

Karntner Ring 11-13, Vienna, AUT, 1010

Website

https://www.pewete.com

Petro Welt Technologies AG is a service provider of oilfield services in Russia & Kazakhstan. The operating segment of the company is Well Services & Stimulation, Drilling, Sidetracking, Integrated Project Management (IPM), and Proppant Manufacturing. The Well Services & Stimulation segment comprises hydraulic fracturing, cementing, & coiled tubing, with a focus on hydraulic fracturing, a method of well stimulation. The Drilling, Sidetracking, & IPM segment encompasses conventional drilling, sidetrack drilling, & IPM. The Proppant Manufacturing segment offers goods for the oil & natural gas industry & manufactures different kinds of Proppant in Kopeysk, Russia. The majority is from the Well Services and Stimulation segment. Geographically, key revenue is from Russia.

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