Trinity Exploration & Production (STU:3BE) Change In Inventory : €0.64 Mil (TTM As of Dec. 2023)

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What is Trinity Exploration & Production Change In Inventory?

Trinity Exploration & Production's change in inventory for the quarter that ended in Dec. 2023 was €1.09 Mil. It means Trinity Exploration & Production's inventory declined by €1.09 Mil from Jun. 2023 to Dec. 2023 .

Trinity Exploration & Production's change in inventory for the fiscal year that ended in Dec. 2023 was €0.64 Mil. It means Trinity Exploration & Production's inventory declined by €0.64 Mil from Dec. 2022 to Dec. 2023 .

Trinity Exploration & Production's Total Inventories for the quarter that ended in Dec. 2023 was €3.59 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Trinity Exploration & Production's Days Inventory for the quarter that ended in Dec. 2023 was 29.90.

Inventory Turnover measures how fast the company turns over its inventory within a year. Trinity Exploration & Production's Inventory Turnover for the quarter that ended in Dec. 2023 was 6.10.

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. Trinity Exploration & Production's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.13.

Trinity Exploration & Production Change In Inventory Historical Data

The historical data trend for Trinity Exploration & Production'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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Trinity Exploration & Production Change In Inventory Chart

Trinity Exploration & Production Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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-1.31

-0.10

0.20

-1.07

0.64

Trinity Exploration & Production Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Change In Inventory	Get a 7-Day Free Trial															0.29	-0.44	-0.63	-0.45	1.09

Trinity Exploration & Production 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. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was €0.64 Mil.

Trinity Exploration & Production (STU:3BE) Change In Inventory Explanation

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

Trinity Exploration & Production's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	4.149	/	25.324	*	365 / 2
	=	29.90

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

Trinity Exploration & Production's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	25.324	/	4.149
	=	6.10

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.

Trinity Exploration & Production's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	4.149	/	33.074
	=	0.13

Trinity Exploration & Production Change In Inventory Related Terms

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Trinity Exploration & Production (STU:3BE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Trinity Exploration & Production PLC (STU:3BE) » Definitions » Change In Inventory

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Traded in Other Exchanges

TRXEF:USA TRIN.GB:UK TRIN:UK

Address

C/o Pinsent Masons LLP, 1 Park Row, Leeds, GBR, LS1 5AB

Website

https://www.trinityexploration.com

Trinity Exploration & Production PLC is an independent exploration and production company. Its activities include the exploration, development, production, and sale of crude oil. The company operates a portfolio of producing and development assets both onshore and offshore in the shallow waters off the West and East Coasts of Trinidad. It operates through one operating segment being exploration and development, production and extraction of hydrocarbons.

Trinity Exploration & Production (STU:3BE) Headlines

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