VARRY (Var Energi ASA) Change In Inventory : $93 Mil (TTM As of Dec. 2024)

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What is Var Energi ASA Change In Inventory?

Var Energi ASA's change in inventory for the quarter that ended in Dec. 2024 was $-85 Mil. It means Var Energi ASA's inventory increased by $85 Mil from Sep. 2024 to Dec. 2024 .

Var Energi ASA's change in inventory for the fiscal year that ended in Dec. 2024 was $141 Mil. It means Var Energi ASA's inventory declined by $141 Mil from Dec. 2023 to Dec. 2024 .

Var Energi ASA's Total Inventories for the quarter that ended in Dec. 2024 was $241 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Var Energi ASA's Days Inventory for the quarter that ended in Dec. 2024 was 26.79.

Inventory Turnover measures how fast the company turns over its inventory within a year. Var Energi ASA's Inventory Turnover for the quarter that ended in Dec. 2024 was 3.41.

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. Var Energi ASA's Inventory-to-Revenue for the quarter that ended in Dec. 2024 was 0.15.

Var Energi ASA Change In Inventory Historical Data

The historical data trend for Var Energi ASA'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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Var Energi ASA Change In Inventory Chart

Var Energi ASA Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Change In Inventory

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280.53

-437.76

-155.35

394.57

140.74

Var Energi ASA Quarterly Data
	Dec18	Dec19	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Change In Inventory	Get a 7-Day Free Trial														84.28	-	46.83	130.69	-84.96

Var Energi ASA 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. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $93 Mil.

Var Energi ASA (OTCPK:VARRY) Change In Inventory Explanation

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

Var Energi ASA's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	243.8865	/	830.756	*	365 / 4
	=	26.79

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

Var Energi ASA's Inventory Turnover for the quarter that ended in Dec. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	830.756	/	243.8865
	=	3.41

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.

Var Energi ASA's Inventory to Revenue for the quarter that ended in Dec. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	243.8865	/	1661.32
	=	0.15

Var Energi ASA Change In Inventory Related Terms

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Var Energi ASA Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Var Energi ASA (OTCPK:VARRY) » Definitions » Change In Inventory

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VARo:Sweden VAR:Norway VARo:UK J4V:Germany

Address

Vestre Svanholmen 1, Sandnes, NOR, 4313

Website

https://www.varenergi.no

Var Energi ASA independent upstream oil and gas company on the Norwegian continental shelf. It operates within the geographical area of Norway and the business is entirely related to the exploration for and production of petroleum in Norway. Revenues are mainly related to the sale of oil, gas, and NGL.