Euronav NV (Euronav NV) Inventory-to-Revenue : 0.11 (As of Dec. 2023)

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What is Euronav NV 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. Euronav NV's Average Total Inventories for the quarter that ended in Dec. 2023 was $28 Mil. Euronav NV's Revenue for the three months ended in Dec. 2023 was $269 Mil. Euronav NV's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.11.

Euronav NV's Inventory-to-Revenue for the quarter that ended in Dec. 2023 declined from Sep. 2023 (0.14) to Sep. 2023 (0.11)

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. Euronav NV's Days Inventory for the three months ended in Dec. 2023 was 17.45.

Inventory Turnover measures how fast the company turns over its inventory within a year. Euronav NV's Inventory Turnover for the quarter that ended in Dec. 2023 was 5.23.

Euronav NV Inventory-to-Revenue Historical Data

The historical data trend for Euronav NV'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.

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Euronav NV Inventory-to-Revenue Chart

Euronav NV Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory-to-Revenue

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0.11

0.17

0.07

0.03

Euronav NV Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Inventory-to-Revenue	Get a 7-Day Free Trial															0.15	0.13	0.13	0.14	0.11

Competitive Comparison of Euronav NV's Inventory-to-Revenue

For the Oil & Gas Midstream subindustry, Euronav NV'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.

Euronav NV's Inventory-to-Revenue Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Euronav NV's Inventory-to-Revenue distribution charts can be found below:

* The bar in red indicates where Euronav NV's Inventory-to-Revenue falls into.

Euronav NV Inventory-to-Revenue Calculation

Euronav NV'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 )
=	( (41.643	+	22.511)	/	2 )	/	1235.127
=	32.077					/	1235.127
=	0.03

Euronav NV's Inventory-to-Revenue for the quarter that ended in Dec. 2023 is calculated as

	Inventory-to-Revenue (Q: Dec. 2023 )
=	Average Total Inventories					/	Revenue
=	( (Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Revenue (Q: Dec. 2023 )
=	( (33.9	+	22.511)	/	2 )	/	268.633
=	28.2055					/	268.633
=	0.10

Euronav NV (NYSE:EURN) 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:

More Related Terms:

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

Euronav NV's Days Inventory for the three months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	28.2055	/	147.451	*	365 / 4
	=	17.45

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

Euronav NV's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Dec. 2023 )	/	Average Total Inventories (Q: Dec. 2023 )
	=	147.451	/	28.2055
	=	5.23

Euronav NV Inventory-to-Revenue Related Terms

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Euronav NV (Euronav NV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Euronav NV (NYSE:EURN) » Definitions » Inventory-to-Revenue

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Traded in Other Exchanges

0K9A:UK OCW:Germany EURN:Belgium

Address

De Gerlachekaai 20, Antwerpen, BEL, B-2000

Website

http://www.euronav.com

Euronav NV owns and operates a fleet of vessels for international maritime shipping and storage of crude oil and petroleum products. The company organises itself into two segments: tankers and floating storage and offloading activities, or FSO. The tankers segment, which generates the majority of revenue, operates crude oil tankers on international markets. The FSO segment conducts floating production, floating storage, and offloading operations for crude oil and petroleum products.