Premier Oil (Premier Oil) Change In Inventory : $3.6 Mil (TTM As of Dec. 2020)

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What is Premier Oil Change In Inventory?

Premier Oil's change in inventory for the quarter that ended in Dec. 2020 was $0.6 Mil. It means Premier Oil's inventory declined by $0.6 Mil from Jun. 2020 to Dec. 2020 .

Premier Oil's change in inventory for the fiscal year that ended in Dec. 2020 was $3.6 Mil. It means Premier Oil's inventory declined by $3.6 Mil from Dec. 2019 to Dec. 2020 .

Premier Oil's Total Inventories for the quarter that ended in Dec. 2020 was $12.7 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Premier Oil's Days Inventory for the quarter that ended in Dec. 2020 was 4.64.

Inventory Turnover measures how fast the company turns over its inventory within a year. Premier Oil's Inventory Turnover for the quarter that ended in Dec. 2020 was 39.29.

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. Premier Oil's Inventory-to-Revenue for the quarter that ended in Dec. 2020 was 0.03.

Premier Oil Change In Inventory Historical Data

The historical data trend for Premier 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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Premier Oil Change In Inventory Chart

Premier Oil Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Change In Inventory

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1.30

-1.20

1.20

-3.80

3.60

Premier Oil Semi-Annual Data
	Jun11	Dec11	Jun12	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20
Change In Inventory	Get a 7-Day Free Trial															5.80	-3.70	-0.10	3.00	0.60

Premier Oil 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 Dec. 2020 adds up the semi-annually data reported by the company within the most recent 12 months, which was $3.6 Mil.

Premier Oil (OTCPK:PMOIY) Change In Inventory Explanation

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

Premier 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
	=	13	/	510.8	*	365 / 2
	=	4.64

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

Premier Oil's Inventory Turnover for the quarter that ended in Dec. 2020 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	510.8	/	13
	=	39.29

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.

Premier Oil's Inventory to Revenue for the quarter that ended in Dec. 2020 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	13	/	418.8
	=	0.03

Premier Oil Change In Inventory Related Terms

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Premier Oil (Premier Oil) Business Description

Industry

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Address

23 Lower Belgrave Street, London, GBR, SW1W 0NR

Website

https://www.premier-oil.com

Premier Oil PLC is a United Kingdom-based independent international oil and gas exploration and production firm. The company engages in the business of upstream oil and gas exploration and production. Its operations are located and managed in five business units; namely, the Falkland Islands, Indonesia, Vietnam, the United Kingdom, and the Rest of the World. A vast majority of its revenue is generated from the United Kingdom segment.