Whitebark Energy (ASX:WBE) Inventory Turnover : 3.24 (As of Dec. 2023)

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What is Whitebark Energy 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. Whitebark Energy's Cost of Goods Sold for the six months ended in Dec. 2023 was A$0.51 Mil. Whitebark Energy's Average Total Inventories for the quarter that ended in Dec. 2023 was A$0.16 Mil. Whitebark Energy's Inventory Turnover for the quarter that ended in Dec. 2023 was 3.24.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Whitebark Energy's Days Inventory for the six months ended in Dec. 2023 was 56.26.

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. Whitebark Energy's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.43.

Whitebark Energy Inventory Turnover Historical Data

The historical data trend for Whitebark 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.

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Whitebark Energy Inventory Turnover Chart

Whitebark Energy Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Inventory Turnover

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7.36

10.94

Whitebark Energy Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Inventory Turnover	Get a 7-Day Free Trial															3.57	4.27	7.21	3.24	-

Whitebark Energy Inventory Turnover Calculation

Whitebark Energy's Inventory Turnover for the fiscal year that ended in Jun. 2024 is calculated as

	Inventory Turnover (A: Jun. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Jun. 2024 )	/ (	(Total Inventories (A: Jun. 2023 )	+	Total Inventories (A: Jun. 2024 ))	/	count )
=	0	/ (	(0.156	+	0)	/	1 )
=	0	/	0.156
=	0.00

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

	Inventory Turnover (Q: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2023 )	/ (	(Total Inventories (Q: Jun. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	0.506	/ (	(0.156	+	0)	/	1 )
=	0.506	/	0.156
=	3.24

Whitebark Energy (ASX:WBE) 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.

Whitebark Energy's Days Inventory for the six 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
	=	0.156	/	0.506	*	365 / 2
	=	56.26

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.

Whitebark Energy's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	0.156	/	0.365
	=	0.43

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.

Whitebark Energy Inventory Turnover Related Terms

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Whitebark Energy Business Description

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Address

20d William Street, Norwood, SA, AUS, 5067

Website

https://www.whitebarkenergy.com

Whitebark Energy Ltd is engaged in the exploration, development, and production of oil and gas projects in Western Australia. Geographically, it derives a majority of revenue from Canada. The company's project portfolio consists of Warro gas project and Rex project.

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