Aker BP ASA (Aker BP ASA) Inventory Turnover : 4.02 (As of Mar. 2024)

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What is Aker BP ASA Inventory Turnover?

Inventory Turnover measures how fast the company turns over its inventory within a year. It is calculated as Cost of Goods Sold divided by Total Inventories. Aker BP ASA's Cost of Goods Sold for the three months ended in Mar. 2024 was $872 Mil. Aker BP ASA's Average Total Inventories for the quarter that ended in Mar. 2024 was $217 Mil. Aker BP ASA's Inventory Turnover for the quarter that ended in Mar. 2024 was 4.02.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Aker BP ASA's Days Inventory for the three months ended in Mar. 2024 was 22.72.

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. Aker BP ASA's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.07.

Aker BP ASA Inventory Turnover Historical Data

The historical data trend for Aker BP ASA's Inventory Turnover 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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Aker BP ASA Inventory Turnover Chart

Aker BP ASA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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20.34

19.22

19.16

17.63

18.13

Aker BP ASA Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial															4.77	5.01	4.98	5.07	4.02

Aker BP ASA Inventory Turnover Calculation

Aker BP ASA's Inventory Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Inventory Turnover (A: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2023 )	/ (	(Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )
=	3733.2	/ (	(209.5	+	202.3)	/	2 )
=	3733.2	/	205.9
=	18.13

Aker BP ASA's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

	Inventory Turnover (Q: Mar. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2024 )	/ (	(Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )
=	872.1	/ (	(202.3	+	232)	/	2 )
=	872.1	/	217.15
=	4.02

Aker BP ASA (OTCPK:AKRBF) Inventory Turnover Explanation

Inventory Turnover measures how fast the company turns over its inventory within a year. A higher Inventory Turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.

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

Aker BP ASA's Days Inventory for the three months ended in Mar. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2024 )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
	=	217.15	/	872.1	*	365 / 4
	=	22.72

2. 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.

Aker BP ASA's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	217.15	/	3052.7
	=	0.07

Be Aware

Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate Inventory Turnover. An average inventory is a better indication.

Aker BP ASA Inventory Turnover Related Terms

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Aker BP ASA (Aker BP ASA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Aker BP ASA (OTCPK:AKRBF) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

AKRBY:USA AKERBPo:Sweden AKRBP:Norway AKRBPo:UK 0M5J:UK ARC:Germany

Address

Oksenoyveien 10, Fornebuporten, Building B, Lysaker, NOR, 1366

Website

https://www.akerbp.com

Aker BP ASA operates oil and gas production, development, and exploration projects on the Norwegian Continental Shelf (NCS). Its projects include Alvheim field, Ivar Aasen, Skarv, and Valhall. Revenue is derived from a short list of clients and primarily consists of liquid sales. The Alvheim field, which developed with an FPSO, contributes the most volume for the company. Fields in close proximity to Alvheim are tied to Alvheim's FPSO. From the tiebacks, oil is transported from the field with shuttle tankers, and associated gas is exported to Scotland through a gas evacuation system.