Bounty Oil & Gas NL (Bounty Oil & Gas NL) Inventory Turnover : 15.20 (As of Dec. 2023)

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What is Bounty Oil & Gas NL 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. Bounty Oil & Gas NL's Cost of Goods Sold for the six months ended in Dec. 2023 was $0.34 Mil. Bounty Oil & Gas NL's Average Total Inventories for the quarter that ended in Dec. 2023 was $0.02 Mil. Bounty Oil & Gas NL's Inventory Turnover for the quarter that ended in Dec. 2023 was 15.20.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Bounty Oil & Gas NL's Days Inventory for the six months ended in Dec. 2023 was 12.01.

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. Bounty Oil & Gas NL's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.04.

Bounty Oil & Gas NL Inventory Turnover Historical Data

The historical data trend for Bounty Oil & Gas NL'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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Bounty Oil & Gas NL Inventory Turnover Chart

Bounty Oil & Gas NL Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Inventory Turnover

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36.79

24.33

19.11

19.61

21.71

Bounty Oil & Gas NL Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															10.83	9.49	10.54	13.72	15.20

Bounty Oil & Gas NL Inventory Turnover Calculation

Bounty Oil & Gas NL's Inventory Turnover for the fiscal year that ended in Jun. 2023 is calculated as

	Inventory Turnover (A: Jun. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Jun. 2023 )	/ (	(Total Inventories (A: Jun. 2022 )	+	Total Inventories (A: Jun. 2023 ))	/	count )
=	0.749	/ (	(0.039	+	0.03)	/	2 )
=	0.749	/	0.0345
=	21.71

Bounty Oil & Gas NL'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 )
=	0.342	/ (	(0.03	+	0.015)	/	2 )
=	0.342	/	0.0225
=	15.20

Bounty Oil & Gas NL (OTCPK:BYOGF) 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.

Bounty Oil & Gas NL'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
	=	0.0225	/	0.342	*	365 / 2
	=	12.01

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.

Bounty Oil & Gas NL'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 )
	=	0.0225	/	0.56
	=	0.04

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.

Bounty Oil & Gas NL Inventory Turnover Related Terms

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Bounty Oil & Gas NL (Bounty Oil & Gas NL) Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Bounty Oil & Gas NL (OTCPK:BYOGF) » Definitions » Inventory Turnover

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BUY:Australia

Address

Level 7, 283 George Street, Sydney, NSW, AUS, 2000

Website

https://www.bountyoil.com

Bounty Oil & Gas NL is an oil and gas production, exploration, and development company in Australia. It has two reportable segments namely Oil and Gas and Investment in listed shares and securities.. The company projects include Carnarvon Basin, Cooper/Eromanga Basin, Southern Surat, and Others. It generates maximum revenue from the Oil and Gas segment. Geographically, it derives the majority of its revenue from Australia segment.