Premier Oil (Premier Oil) Inventory-to-Revenue : 0.03 (As of Dec. 2020)

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What is Premier Oil 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. Premier Oil's Average Total Inventories for the quarter that ended in Dec. 2020 was $13.0 Mil. Premier Oil's Revenue for the six months ended in Dec. 2020 was $418.8 Mil. Premier Oil's Inventory-to-Revenue for the quarter that ended in Dec. 2020 was 0.03.

Premier Oil's Inventory-to-Revenue for the quarter that ended in Dec. 2020 increased from Jun. 2020 (0.03) to Jun. 2020 (0.03)

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.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Premier Oil's Days Inventory for the six months ended in Dec. 2020 was 4.64.

Inventory Turnover measures how fast the company turns over its inventory within a year. Premier Oil's Inventory Turnover for the quarter that ended in Dec. 2020 was 39.29.

Premier Oil Inventory-to-Revenue Historical Data

The historical data trend for Premier Oil'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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Premier Oil Inventory-to-Revenue Chart

Premier Oil Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Inventory-to-Revenue

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0.02

0.01

0.02

Premier Oil Semi-Annual Data
	Jun11	Dec11	Jun12	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20
Inventory-to-Revenue	Get a 7-Day Free Trial															0.02	0.02	0.02	0.03	0.03

Competitive Comparison of Premier Oil's Inventory-to-Revenue

For the Oil & Gas E&P subindustry, Premier Oil'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.

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

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

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

Premier Oil Inventory-to-Revenue Calculation

Premier Oil's Inventory-to-Revenue for the fiscal year that ended in Dec. 2020 is calculated as

	Inventory-to-Revenue (A: Dec. 2020 )
=	Average Total Inventories					/	Revenue
=	( (Total Inventories (A: Dec. 2019 )	+	Total Inventories (A: Dec. 2020 ))	/	count )	/	Revenue (A: Dec. 2020 )
=	( (16.3	+	12.7)	/	2 )	/	949.4
=	14.5					/	949.4
=	0.02

Premier Oil's Inventory-to-Revenue for the quarter that ended in Dec. 2020 is calculated as

	Inventory-to-Revenue (Q: Dec. 2020 )
=	Average Total Inventories					/	Revenue
=	( (Total Inventories (Q: Jun. 2020 )	+	Total Inventories (Q: Dec. 2020 ))	/	count )	/	Revenue (Q: Dec. 2020 )
=	( (13.3	+	12.7)	/	2 )	/	418.8
=	13					/	418.8
=	0.03

Premier Oil (OTCPK:PMOIY) Inventory-to-Revenue Explanation

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

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.

Premier Oil's Days Inventory for the six months ended in Dec. 2020 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2020 )	/	Cost of Goods Sold (Q: Dec. 2020 )	*	Days in Period
	=	13	/	510.8	*	365 / 2
	=	4.64

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

Premier Oil's Inventory Turnover for the quarter that ended in Dec. 2020 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Dec. 2020 )	/	Average Total Inventories (Q: Dec. 2020 )
	=	510.8	/	13
	=	39.29

Premier Oil Inventory-to-Revenue Related Terms

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Premier Oil (Premier Oil) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Premier Oil PLC (OTCPK:PMOIY) » Definitions » Inventory-to-Revenue

Comparable Companies

Traded in Other Exchanges

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Address

23 Lower Belgrave Street, London, GBR, SW1W 0NR

Website

https://www.premier-oil.com

Premier Oil PLC is a United Kingdom-based independent international oil and gas exploration and production firm. The company engages in the business of upstream oil and gas exploration and production. Its operations are located and managed in five business units; namely, the Falkland Islands, Indonesia, Vietnam, the United Kingdom, and the Rest of the World. A vast majority of its revenue is generated from the United Kingdom segment.