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GEOUF (Golden Energy Offshore Services ASA) Inventory-to-Revenue : 0.05 (As of Sep. 2024)


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What is Golden Energy Offshore Services ASA Inventory-to-Revenue?

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. Golden Energy Offshore Services ASA's Average Total Inventories for the quarter that ended in Sep. 2024 was $0.56 Mil. Golden Energy Offshore Services ASA's Revenue for the three months ended in Sep. 2024 was $12.24 Mil. Golden Energy Offshore Services ASA's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 0.05.

Golden Energy Offshore Services ASA's Inventory-to-Revenue for the quarter that ended in Sep. 2024 declined from Jun. 2024 (0.08) to Jun. 2024 (0.05)

A decrease in the Inventory-to-Revenue from one quarter to next indicates that one of these is occurring:

1. investment in inventory is shrinking in relation to revenue
2. revenue are increasing
No matter which situation is causing the reduction in the Inventory-to-Revenue, either one suggests that business's inventory levels and its cash flow are effectively managed.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Golden Energy Offshore Services ASA's Days Inventory for the three months ended in Sep. 2024 was 26.71.

Inventory Turnover measures how fast the company turns over its inventory within a year. Golden Energy Offshore Services ASA's Inventory Turnover for the quarter that ended in Sep. 2024 was 3.42.


Golden Energy Offshore Services ASA Inventory-to-Revenue Historical Data

The historical data trend for Golden Energy Offshore Services ASA's Inventory-to-Revenue 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.

* Premium members only.

Golden Energy Offshore Services ASA Inventory-to-Revenue Chart

Golden Energy Offshore Services ASA Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Inventory-to-Revenue
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.02 0.04 0.03 0.02 0.04

Golden Energy Offshore Services ASA Quarterly Data
Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Inventory-to-Revenue Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.03 0.10 0.18 0.08 0.05

Competitive Comparison of Golden Energy Offshore Services ASA's Inventory-to-Revenue

For the Marine Shipping subindustry, Golden Energy Offshore Services ASA's Inventory-to-Revenue, along with its competitors' market caps and Inventory-to-Revenue data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Golden Energy Offshore Services ASA's Inventory-to-Revenue Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Golden Energy Offshore Services ASA's Inventory-to-Revenue distribution charts can be found below:

* The bar in red indicates where Golden Energy Offshore Services ASA's Inventory-to-Revenue falls into.



Golden Energy Offshore Services ASA Inventory-to-Revenue Calculation

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.

Golden Energy Offshore Services ASA's Inventory-to-Revenue for the fiscal year that ended in Dec. 2023 is calculated as

Inventory-to-Revenue (A: Dec. 2023 )
=Average Total Inventories / Revenue
=( (Total Inventories (A: Dec. 2022 ) + Total Inventories (A: Dec. 2023 )) / count ) / Revenue (A: Dec. 2023 )
=( (0.229 + 1.289) / 2 ) / 19.914
=0.759 / 19.914
=0.04

Golden Energy Offshore Services ASA's Inventory-to-Revenue for the quarter that ended in Sep. 2024 is calculated as

Inventory-to-Revenue (Q: Sep. 2024 )
=Average Total Inventories / Revenue
=( (Total Inventories (Q: Jun. 2024 ) + Total Inventories (Q: Sep. 2024 )) / count ) / Revenue (Q: Sep. 2024 )
=( (0.715 + 0.395) / 2 ) / 12.238
=0.555 / 12.238
=0.05

* 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.


Golden Energy Offshore Services ASA  (OTCPK:GEOUF) Inventory-to-Revenue Explanation

An increase in Inventory-to-Revenue from one quarter to the next indicates that one of the following is happening:

1. investment in inventory is growing more rapidly than revenue
2. revenue are dropping
No matter which situation is causing the problem, an increase in the Inventory-to-Revenue may signal an oncoming cash flow problem.

Likewise, a decrease in the Inventory-to-Revenue from one quarter to next indicates that one of these is occurring:

1. investment in inventory is shrinking in relation to revenue
2. revenue are increasing
No matter which situation is causing the reduction in the Inventory-to-Revenue, either one suggests that business's inventory levels and its cash flow are effectively managed.

More Related Terms:

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

Golden Energy Offshore Services ASA's Days Inventory for the three months ended in Sep. 2024 is calculated as:

Days Inventory=Average Total Inventories (Q: Sep. 2024 )/Cost of Goods Sold (Q: Sep. 2024 )*Days in Period
=0.555/1.896*365 / 4
=26.71

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

Golden Energy Offshore Services ASA's Inventory Turnover for the quarter that ended in Sep. 2024 is calculated as

Inventory Turnover=Cost of Goods Sold (Q: Sep. 2024 ) / Average Total Inventories (Q: Sep. 2024 )
=1.896 / 0.555
=3.42

* 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.


Golden Energy Offshore Services ASA Inventory-to-Revenue Related Terms

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Golden Energy Offshore Services ASA Business Description

Traded in Other Exchanges
Address
St Olavs Plass 1, Alesund, NOR, 6002
Golden Energy Offshore Services ASA is a Norwegian based offshore service company. Its principal activity is to own and charter out its offshore vessels to international oil companies. The company's vessels includes M/V Energy Swan, M/V Energy Empress, M/V Energy Paradise, M/V Energy Passion and M/V Energy Duchess.

Golden Energy Offshore Services ASA Headlines