BWLP (BW LPG) Inventory Turnover : 7.07 (As of Sep. 2024)

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What is BW LPG 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. BW LPG's Cost of Goods Sold for the three months ended in Sep. 2024 was $654 Mil. BW LPG's Average Total Inventories for the quarter that ended in Sep. 2024 was $93 Mil. BW LPG's Inventory Turnover for the quarter that ended in Sep. 2024 was 7.07.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. BW LPG's Days Inventory for the three months ended in Sep. 2024 was 12.91.

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. BW LPG's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 0.11.

BW LPG Inventory Turnover Historical Data

The historical data trend for BW LPG'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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BW LPG Inventory Turnover Chart

BW LPG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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15.43

19.74

30.86

13.60

14.99

BW LPG Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Inventory Turnover	Get a 7-Day Free Trial															6.90	4.74	6.22	9.22	7.07

BW LPG Inventory Turnover Calculation

BW LPG'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 )
=	2432.446	/ (	(135.932	+	188.592)	/	2 )
=	2432.446	/	162.262
=	14.99

BW LPG's Inventory Turnover for the quarter that ended in Sep. 2024 is calculated as

	Inventory Turnover (Q: Sep. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2024 )	/ (	(Total Inventories (Q: Jun. 2024 )	+	Total Inventories (Q: Sep. 2024 ))	/	count )
=	653.811	/ (	(70.537	+	114.509)	/	2 )
=	653.811	/	92.523
=	7.07

BW LPG (NYSE:BWLP) 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.

BW LPG'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
	=	92.523	/	653.811	*	365 / 4
	=	12.91

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.

BW LPG's Inventory to Revenue for the quarter that ended in Sep. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2024 )	/	Revenue (Q: Sep. 2024 )
	=	92.523	/	805.021
	=	0.11

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.

BW LPG Inventory Turnover Related Terms

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BW LPG Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » BW LPG Ltd (NYSE:BWLP) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

BWLPGo:Sweden BWLPG:Norway BWLPGo:UK 0QIX:UK 1PE:Germany

Address

c/o BW LPG Holding Pte Ltd, No.17-02, 10 Pasir Panjang Road, Mapletree Business City, Singapore, SGP, 117438

Website

https://www.bwlpg.com

BW LPG Ltd is an LPG shipping. It uses pioneering technology to power its vessels with cleaner-burning liquefied petroleum gas (LPG) and invest in R&D to take towards a zero-carbon future. The company is organized into two main segments: The shipping segment and the product services segment which buy and sell liquid petroleum gas and deliver it to customers. It generates the majority of its revenue from the shipping segment.