Arrow Exploration (TSXV:AXL) Change In Inventory : C$0.45 Mil (TTM As of Mar. 2024)

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What is Arrow Exploration Change In Inventory?

Arrow Exploration's change in inventory for the quarter that ended in Mar. 2024 was C$0.00 Mil. It means Arrow Exploration's inventory stayed the same from Dec. 2023 to Mar. 2024 .

Arrow Exploration's change in inventory for the fiscal year that ended in Dec. 2023 was C$0.29 Mil. It means Arrow Exploration's inventory declined by C$0.29 Mil from Dec. 2022 to Dec. 2023 .

Arrow Exploration's Total Inventories for the quarter that ended in Mar. 2024 was C$0.67 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Arrow Exploration's Days Inventory for the quarter that ended in Mar. 2024 was 8.10.

Inventory Turnover measures how fast the company turns over its inventory within a year. Arrow Exploration's Inventory Turnover for the quarter that ended in Mar. 2024 was 11.27.

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. Arrow Exploration's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.03.

Arrow Exploration Change In Inventory Historical Data

The historical data trend for Arrow Exploration'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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Arrow Exploration Change In Inventory Chart

Arrow Exploration Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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0.50

0.19

-0.28

-0.62

0.29

Arrow Exploration Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Change In Inventory	Get a 7-Day Free Trial															-0.16	-0.07	-0.01	0.53	-

Arrow Exploration 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was C$0.45 Mil.

Arrow Exploration (TSXV:AXL) Change In Inventory Explanation

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

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

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	0.663	/	7.473	*	365 / 4
	=	8.10

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

Arrow Exploration's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	7.473	/	0.663
	=	11.27

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.

Arrow Exploration's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0.663	/	22.191
	=	0.03

Arrow Exploration Change In Inventory Related Terms

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Arrow Exploration (TSXV:AXL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Arrow Exploration Corp (TSXV:AXL) » Definitions » Change In Inventory

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CSTPF:USA AXL:UK

Address

333 - 11th Avenue SW, 1430, Calgary, CAN, T2R 1L9

Website

https://www.arrowexploration.ca

Arrow Exploration Corp is engaged in oil exploration, development and production, and the acquisition of oil and gas properties. It operates in Colombia and Western Canada. Some of the company's assets are Tapir Block and Santa Isabel. The Canada segment of the company is referred to as Corporate Segment. The company's revenues are majorly derived from Oil Sales.

Executives

Canacol Energy Ltd.

10% Security Holder