ERINQ (Erin Energy) Inventory Turnover: 30.29 (As of Dec. 2017)

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What is Erin Energy Inventory Turnover?

Erin Energy ERINQ -99.00% Inventory Turnover is 30.29 as of Dec. 2017.

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. Erin Energy's Cost of Goods Sold for the three months ended in Dec. 2017 was $74.8 Mil. Erin Energy's Average Total Inventories for the quarter that ended in Dec. 2017 was $2.5 Mil. Erin Energy's Inventory Turnover for the quarter that ended in Dec. 2017 was 30.29.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Erin Energy's Days Inventory for the three months ended in Dec. 2017 was 3.01.

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. Erin Energy's Inventory-to-Revenue for the quarter that ended in Dec. 2017 was 0.11.

Erin Energy (OTCPK:ERINQ) 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.

Erin Energy's Days Inventory for the three months ended in Dec. 2017 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2017 )	/	Cost of Goods Sold (Q: Dec. 2017 )	*	Days in Period
	=	2.4685	/	74.782	*	365 / 4
	=	3.01

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.

Erin Energy's Inventory to Revenue for the quarter that ended in Dec. 2017 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2017 )	/	Revenue (Q: Dec. 2017 )
	=	2.4685	/	21.664
	=	0.11

* 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.

Erin Energy Inventory Turnover Related Terms

Erin Energy Inventory Turnover Historical Data

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

Erin Energy Inventory Turnover Chart

Erin Energy Annual Data

Trend

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Inventory Turnover

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4.33

10.93

63.19

22.42

21.17

Erin Energy Quarterly Data
	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17
Inventory Turnover	Get a 7-Day Free Trial															11.32	3.84	1.70	5.18	30.29

Erin Energy Inventory Turnover Calculation

Erin Energy's Inventory Turnover for the fiscal year that ended in Dec. 2017 is calculated as

	Inventory Turnover (A: Dec. 2017 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2017 )	/ (	(Total Inventories (A: Dec. 2016 )	+	Total Inventories (A: Dec. 2017 ))	/	count )
=	137.634	/ (	(9.398	+	3.604)	/	2 )
=	137.634	/	6.501
=	21.17

Erin Energy's Inventory Turnover for the quarter that ended in Dec. 2017 is calculated as

	Inventory Turnover (Q: Dec. 2017 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2017 )	/ (	(Total Inventories (Q: Sep. 2017 )	+	Total Inventories (Q: Dec. 2017 ))	/	count )
=	74.782	/ (	(1.333	+	3.604)	/	2 )
=	74.782	/	2.4685
=	30.29

Frequently Asked Questions Learn more about Inventory Turnover →

What does a Inventory Turnover of 30.29 mean?

Erin Energy (ERINQ) has a Inventory Turnover of 30.29 as of Dec. 2017. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Erin Energy and its competitors.

Is Erin Energy's Inventory Turnover too high?

Erin Energy's current Inventory Turnover is 30.29.

How does Erin Energy's Inventory Turnover compare to FPPP and UNGS?

Erin Energy's Inventory Turnover of 30.29 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 Erin Energy and its competitors. Erin Energy's current Inventory Turnover is 30.29. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Erin Energy stock overvalued right now?

Erin Energy (ERINQ) has a current Inventory Turnover of 30.29. The current Inventory Turnover is 30.29. 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 Erin Energy (ERINQ), the current Inventory Turnover is 30.29 as of Dec. 2017. 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.

Erin Energy Business Description

Industry Energy Oil & Gas

Comparable Companies TSXV:PTP.H XCNQ:EI TSXV:CEN TSXV:TPC FPPP TSXV:WTR TSXV:STMP UNGS TSXV:PPE.H TSXV:CA.H TSXV:MMO.H TSXV:ROC.H TSXV:GX GBEYF SPOWF TSXV:CE.H TSXV:KLE.H TSXV:TZR TSXV:TIP.H TSXV:CTI.H

Address 1330 Post Oak Boulevard, Suite 2250, Houston, TX, USA, 77056

Website http://www.erinenergy.com

Erin Energy Corp is an independent oil and gas exploration and production company with a focus on finding and producing oil in sub-Saharan Africa.