Ghana Oil Co (XGHA:GOIL) Change In Inventory : GHS206 Mil (TTM As of Dec. 2023)

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What is Ghana Oil Co Change In Inventory?

Ghana Oil Co's change in inventory for the quarter that ended in Dec. 2023 was GHS206 Mil. It means Ghana Oil Co's inventory declined by GHS206 Mil from Dec. 2022 to Dec. 2023 .

Ghana Oil Co's change in inventory for the fiscal year that ended in Dec. 2023 was GHS206 Mil. It means Ghana Oil Co's inventory declined by GHS206 Mil from Dec. 2022 to Dec. 2023 .

Ghana Oil Co's Total Inventories for the quarter that ended in Dec. 2023 was GHS684 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Ghana Oil Co's Days Inventory for the quarter that ended in Dec. 2023 was 7.22.

Inventory Turnover measures how fast the company turns over its inventory within a year. Ghana Oil Co's Inventory Turnover for the quarter that ended in Dec. 2023 was 25.27.

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. Ghana Oil Co's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.04.

Ghana Oil Co Change In Inventory Historical Data

The historical data trend for Ghana Oil Co'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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Ghana Oil Co Change In Inventory Chart

Ghana Oil Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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25.21

-67.32

-25.89

-695.43

206.28

Ghana Oil Co Semi-Annual Data
	Dec09	Dec10	Dec11	Dec12	Dec13	Dec14	Dec15	Dec16	Dec17	Dec18	Dec19	Dec20	Dec21	Dec22	Dec23
Change In Inventory	Get a 7-Day Free Trial										25.21	-67.32	-25.89	-695.43	206.28

Ghana Oil Co Change In Inventory Calculation

Change In Inventory is the difference between last period's ending inventory and the current period's ending inventory.

For stock reported annually, GuruFocus uses latest annual data as the TTM data. Change In Inventory for the trailing twelve months (TTM) ended in Dec. 2023 was GHS206 Mil.

Ghana Oil Co (XGHA:GOIL) Change In Inventory Explanation

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

Ghana Oil Co's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	787.5055	/	19898.015	*	365 / 2
	=	7.22

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

Ghana Oil Co's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	19898.015	/	787.5055
	=	25.27

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.

Ghana Oil Co's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	787.5055	/	20606.778
	=	0.04

Ghana Oil Co Change In Inventory Related Terms

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Ghana Oil Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Ghana Oil Co Ltd (XGHA:GOIL) » Definitions » Change In Inventory

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Traded in Other Exchanges

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Address

Junction of Kojo Thompson and Adjaben Roads, Building No. D 659/4, P.O. Box GP 3183, Adabraka, Accra, GHA

Website

https://www.goil.com.gh

Ghana Oil Co Ltd (GOIL) is engaged in the marketing and distribution of petroleum products. Its objective is to market petroleum products and related products particularly fuels, liquefied petroleum gas (LPG), lubricants, bitumen, and specialty products in Ghana. The company is engaged in the business of marketing quality petroleum and other energy products and services in all its branches in a healthy, safe, environmentally friendly and socially responsible manner.

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