CRBO (Carbon Energy) Inventory Turnover: 9.43 (As of Jun. 2020)

What is Carbon Energy Inventory Turnover?

Carbon Energy CRBO +20.00% 12 Inventory Turnover is 9.43 as of Jun. 2020. GuruFocus rates CRBO with a GF Score™ of 12/100.

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. Carbon Energy's Cost of Goods Sold for the three months ended in Jun. 2020 was $11.5 Mil. Carbon Energy's Average Total Inventories for the quarter that ended in Jun. 2020 was $1.2 Mil. Carbon Energy's Inventory Turnover for the quarter that ended in Jun. 2020 was 9.43.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Carbon Energy's Days Inventory for the three months ended in Jun. 2020 was 9.68.

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. Carbon Energy's Inventory-to-Revenue for the quarter that ended in Jun. 2020 was 0.25.

Carbon Energy (OTCPK:CRBO) 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.

Carbon Energy's Days Inventory for the three months ended in Jun. 2020 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2020 )	/	Cost of Goods Sold (Q: Jun. 2020 )	*	Days in Period
	=	1.217	/	11.471	*	365 / 4
	=	9.68

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.

Carbon Energy's Inventory to Revenue for the quarter that ended in Jun. 2020 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2020 )	/	Revenue (Q: Jun. 2020 )
	=	1.217	/	4.963
	=	0.25

* 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.

Carbon Energy Inventory Turnover Related Terms

Carbon Energy Inventory Turnover Historical Data

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The historical data trend for Carbon Energy's Inventory Turnover can be seen below:

Carbon Energy Inventory Turnover Chart

Carbon Energy Annual Data

Trend

Mar10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Inventory Turnover

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0.00

24.82

44.47

Carbon Energy Quarterly Data
	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20
Inventory Turnover	Get a 7-Day Free Trial															20.28	10.21	7.80	8.94	9.43

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Carbon Energy Corp CRBO

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Carbon Energy Inventory Turnover Calculation

Carbon Energy's Inventory Turnover for the fiscal year that ended in Dec. 2019 is calculated as

	Inventory Turnover (A: Dec. 2019 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2019 )	/ (	(Total Inventories (A: Dec. 2018 )	+	Total Inventories (A: Dec. 2019 ))	/	count )
=	81.394	/ (	(1.149	+	2.512)	/	2 )
=	81.394	/	1.8305
=	44.47

Carbon Energy's Inventory Turnover for the quarter that ended in Jun. 2020 is calculated as

	Inventory Turnover (Q: Jun. 2020 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jun. 2020 )	/ (	(Total Inventories (Q: Mar. 2020 )	+	Total Inventories (Q: Jun. 2020 ))	/	count )
=	11.471	/ (	(1.943	+	0.491)	/	2 )
=	11.471	/	1.217
=	9.43

Frequently Asked Questions Learn more about Inventory Turnover →

What does a Inventory Turnover of 9.43 mean?

Carbon Energy (CRBO) has a Inventory Turnover of 9.43 as of Jun. 2020. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Carbon Energy and its competitors.

Is Carbon Energy's Inventory Turnover too high?

Carbon Energy's current Inventory Turnover is 9.43. Overall, Carbon Energy has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.

How does Carbon Energy's Inventory Turnover compare to PRT and CHAP?

Carbon Energy's Inventory Turnover of 9.43 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 Carbon Energy and its competitors. Carbon Energy's current Inventory Turnover is 9.43. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Carbon Energy stock overvalued right now?

Carbon Energy (CRBO) has a current Inventory Turnover of 9.43. The current Inventory Turnover is 9.43. Carbon Energy's overall GF Score™ is 12/100. 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 Carbon Energy (CRBO), the current Inventory Turnover is 9.43 as of Jun. 2020. 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.

Carbon Energy Business Description

Industry Energy Oil & Gas

Comparable Companies PRT CHAP SNUYF PER TRCH RSRV SNDE INDO CHKR VOC HKSE:00883 COP MIC:NVTK EOG TSE:8031 TSX:CNQ PXD HES ASX:WPL OXY

Address 200 Union Salvador, Suite 200, Lakewood, CO, USA, 80228

Website https://www.carbonenergycorp.com

Carbon Energy Corp is an independent natural gas and oil company engaged in the acquisition, exploration, development, and production of oil, natural gas and natural gas liquids properties located in the United States. The company operates in Kentucky, Ohio, Tennessee, Virginia, and West Virginia, California, Illinois, and Indiana.

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