AKVA (Arkanova Energy) Inventory Turnover: 0.00 (As of Sep. 2016)

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What is Arkanova Energy Inventory Turnover?

Arkanova Energy AKVA -99.00% Inventory Turnover is 0.00 as of Sep. 2016.

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. Arkanova Energy's Cost of Goods Sold for the three months ended in Sep. 2016 was $0.68 Mil. Arkanova Energy's Average Total Inventories for the quarter that ended in Sep. 2016 was $0.00 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Arkanova Energy's Days Inventory for the three months ended in Sep. 2016 was 0.00.

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. Arkanova Energy's Inventory-to-Revenue for the quarter that ended in Sep. 2016 was 0.00.

Arkanova Energy  (OTCPK:AKVA) 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.

Arkanova Energy's Days Inventory for the three months ended in Sep. 2016 is calculated as:

Days Inventory =Average Total Inventories (Q: Sep. 2016 )/Cost of Goods Sold (Q: Sep. 2016 )*Days in Period
=0/0.677*365 / 4
=0.00

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.

Arkanova Energy's Inventory to Revenue for the quarter that ended in Sep. 2016 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Sep. 2016 ) / Revenue (Q: Sep. 2016 )
=0 / 0.1
=0.00

* 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.

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.

Arkanova Energy Inventory Turnover Related Terms

Arkanova Energy Inventory Turnover Historical Data

* Premium members only.

The historical data trend for Arkanova Energy'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.

Arkanova Energy Inventory Turnover Chart

Arkanova Energy Annual Data
Trend Sep07 Sep08 Sep09 Sep10 Sep11 Sep12 Sep13 Sep14 Sep15 Sep16
Inventory Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 0.00

Arkanova Energy Quarterly Data
Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16
Inventory Turnover 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 0.00 0.00 0.00 0.00 0.00

Arkanova Energy Inventory Turnover Calculation

Arkanova Energy's Inventory Turnover for the fiscal year that ended in Sep. 2016 is calculated as

Inventory Turnover (A: Sep. 2016 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (A: Sep. 2016 ) / ((Total Inventories (A: Sep. 2015 ) + Total Inventories (A: Sep. 2016 )) / count )
=1.138 / ((0 + 0) / 1 )
=1.138 / 0
=N/A

Arkanova Energy's Inventory Turnover for the quarter that ended in Sep. 2016 is calculated as

Inventory Turnover (Q: Sep. 2016 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (Q: Sep. 2016 ) / ((Total Inventories (Q: Jun. 2016 ) + Total Inventories (Q: Sep. 2016 )) / count )
=0.677 / ((0 + 0) / 1 )
=0.677 / 0
=N/A

* 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.

Frequently Asked Questions Learn more about Inventory Turnover →
What does a Inventory Turnover of 0.00 mean?
Arkanova Energy (AKVA) has a Inventory Turnover of 0.00 as of Sep. 2016. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Arkanova Energy and its competitors.
Is Arkanova Energy's Inventory Turnover too high?
Arkanova Energy's current Inventory Turnover is 0.00.
How does Arkanova Energy's Inventory Turnover compare to EUENF and ATLS?
Arkanova Energy's Inventory Turnover of 0.00 can be compared against companies in the Oil & Gas industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Inventory Turnover for an Oil & Gas company?
A good Inventory Turnover depends on the Oil & Gas industry context. However, Inventory Turnover should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Inventory Turnover mean?
A high Inventory Turnover can signal that a stock is expensive relative to its fundamentals. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Arkanova Energy and its competitors. Arkanova Energy's current Inventory Turnover is 0.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Arkanova Energy stock overvalued right now?
Arkanova Energy (AKVA) has a current Inventory Turnover of 0.00. The current Inventory Turnover is 0.00. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Inventory Turnover calculated?
Inventory Turnover is calculated from a company's financial statements. For Arkanova Energy (AKVA), the current Inventory Turnover is 0.00 as of Sep. 2016. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Arkanova Energy Business Description

Industry EnergyOil & Gas
Address 3809 Juniper Trace, Suite 201, Austin, TX, USA, 78738
Arkanova Energy Corp is a junior producing oil and gas company. The company is engaged in the acquisition, exploration, and development of prospective oil and gas properties. The company holds mineral leases in leasehold interests located in Pondera and Glacier Counties, Montana. Its subsidiaries include Arkanova Acquisition Corporation, Prism Corporation and Provident Energy of Montana, LLC.