POFCF (Petrofac) Change In Inventory: $3 Mil (TTM As of Jun. 2024)

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What is Petrofac Change In Inventory?

Petrofac POFCF -95.67% 12 Change In Inventory is $3 Mil as of Jun. 2024. GuruFocus rates POFCF with a GF Score™ of 12/100.

Petrofac's change in inventory for the quarter that ended in Jun. 2024 was $2 Mil. It means Petrofac's inventory declined by $2 Mil from Dec. 2023 to Jun. 2024 .

Petrofac's change in inventory for the fiscal year that ended in Dec. 2023 was $6 Mil. It means Petrofac's inventory declined by $6 Mil from Dec. 2022 to Dec. 2023 .

Petrofac's Total Inventories for the quarter that ended in Jun. 2024 was $10 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Petrofac's Days Inventory for the quarter that ended in Jun. 2024 was 1.55.

Inventory Turnover measures how fast the company turns over its inventory within a year. Petrofac's Inventory Turnover for the quarter that ended in Jun. 2024 was 117.90.

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. Petrofac's Inventory-to-Revenue for the quarter that ended in Jun. 2024 was 0.01.

Petrofac (OTCPK:POFCF) Change In Inventory Explanation

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

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

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	10.5	/	1238	*	365 / 2
	=	1.55

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

Petrofac's Inventory Turnover for the quarter that ended in Jun. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	1238	/	10.5
	=	117.90

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.

Petrofac's Inventory to Revenue for the quarter that ended in Jun. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	10.5	/	1240
	=	0.01

* 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.

Petrofac Change In Inventory Related Terms

Petrofac Change In Inventory Historical Data

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The historical data trend for Petrofac's Change In Inventory can be seen below:

Petrofac Change In Inventory Chart

Petrofac Annual Data

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Petrofac Semi-Annual Data
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Change In Inventory	Get a 7-Day Free Trial															4.00	3.00	5.00	1.00	2.00

12GF Score

Petrofac Ltd POFCF

Change In Inventory is just one metric. See GF Score™, valuation, warning signs, and more.

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Petrofac 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. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was $3 Mil.

Frequently Asked Questions Learn more about Change In Inventory →

What does a Change In Inventory of $3 Mil mean?

Petrofac (POFCF) has a Change In Inventory of $3 Mil as of Jun. 2024. Change in Inventory is the difference between current-period inventory and past-period inventory. View historical data for Petrofac and its competitors.

Is Petrofac's Change In Inventory too high?

Petrofac's current Change In Inventory is $3 Mil. Overall, Petrofac has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.

How does Petrofac's Change In Inventory compare to SLB and BKR?

Petrofac's Change In Inventory of $3 Mil can be compared against companies in the Oil & Gas industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good Change In Inventory for an Oil & Gas company?

A good Change In Inventory depends on the Oil & Gas industry context. However, Change In Inventory should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.

What does a high Change In Inventory mean?

A high Change In Inventory can signal that a stock is expensive relative to its fundamentals. Change in Inventory is the difference between current-period inventory and past-period inventory. View historical data for Petrofac and its competitors. Petrofac's current Change In Inventory is $3 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Petrofac stock overvalued right now?

Petrofac (POFCF) has a current Change In Inventory of $3 Mil. The current Change In Inventory is $3 Mil. Petrofac's overall GF Score™ is 12/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is Change In Inventory calculated?

Change In Inventory is calculated from a company's financial statements. For Petrofac (POFCF), the current Change In Inventory is $3 Mil as of Jun. 2024. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Petrofac Business Description

Industry Energy Oil & Gas

Comparable Companies LSE:TAND LSE:CSC LSE:POS LSE:THAL LSE:GTC SLB BKR MIL:TEN HAL FTI XPAR:TE XPAR:GTT SHSE:601808 SHSE:600968 OSL:SUBC SGX:5E2 MIL:SPM SZSE:002353 NOV CHX

Address 26 New Street, St Helier, JEY, JE2 3RA

Website https://www.petrofac.com

Petrofac Ltd provides engineering and construction services to the oil and gas production and processing industry. It designs, builds, operates, and maintains oil and gas facilities. The operating segments of the company include Engineering and Construction, Asset solutions, and Integrated Energy Services. It derives the majority of its revenue from the Asset Solutions segment which mainly includes reimbursable engineering and production services activities to the oil and gas industry. Geographically, the company derives maximum revenue from the United Kingdom and the rest from Algeria, Lithuania, Malaysia, the United States of America, Oman, and various other countries.

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