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Petrus Resources (TSX:PRQ) Inventory-to-Revenue : 0.04 (As of Sep. 2024)


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What is Petrus Resources 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. Petrus Resources's Average Total Inventories for the quarter that ended in Sep. 2024 was C$0.90 Mil. Petrus Resources's Revenue for the three months ended in Sep. 2024 was C$20.45 Mil. Petrus Resources's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 0.04.

Petrus Resources's Inventory-to-Revenue for the quarter that ended in Sep. 2024 declined from Jun. 2024 (0.06) to Jun. 2024 (0.04)

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. Petrus Resources's Days Inventory for the three months ended in Sep. 2024 was 6.37.

Inventory Turnover measures how fast the company turns over its inventory within a year. Petrus Resources's Inventory Turnover for the quarter that ended in Sep. 2024 was 14.32.


Petrus Resources Inventory-to-Revenue Historical Data

The historical data trend for Petrus Resources'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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Petrus Resources Inventory-to-Revenue Chart

Petrus Resources Annual Data
Trend Jan14 Jan15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Inventory-to-Revenue
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - 0.01 0.01

Petrus Resources Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 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 0.08 0.07 0.07 0.06 0.04

Competitive Comparison of Petrus Resources's Inventory-to-Revenue

For the Oil & Gas E&P subindustry, Petrus Resources'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.


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

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

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



Petrus Resources 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.

Petrus Resources'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 )
=( (1.197 + 1.842) / 2 ) / 125.605
=1.5195 / 125.605
=0.01

Petrus Resources'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 )
=( (1.005 + 0.788) / 2 ) / 20.446
=0.8965 / 20.446
=0.04

* 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.


Petrus Resources  (TSX:PRQ) 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.

Petrus Resources'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
=0.8965/12.84*365 / 4
=6.37

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

Petrus Resources'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 )
=12.84 / 0.8965
=14.32

* 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.


Petrus Resources Inventory-to-Revenue Related Terms

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Petrus Resources Business Description

Traded in Other Exchanges
Address
2400, 240 - 4th Avenue SW, Calgary, AB, CAN, T2P 4H4
Petrus Resources Ltd is an oil and gas company that is engaged in the acquisition, development, exploration, and exploitation of energy business assets. The company receives maximum revenue from oil and natural gas. The company's core operating areas are Ferrier, Central Alberta, and the Rocky Mountain foothills.
Executives
Kenneth Graham Gray Director, Senior Officer
Don Gray Director
Peter Julius Verburg Director
Matthew Alexander Skanderup Senior Officer
Lindsay Erin Hatcher Senior Officer
Mathew Wong Senior Officer
Glen William Gray 10% Security Holder

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