SeaBird Exploration (FRA:E36) Inventory Turnover : 6.69 (As of Dec. 2023)

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What is SeaBird Exploration 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. SeaBird Exploration's Cost of Goods Sold for the three months ended in Dec. 2023 was €7.12 Mil. SeaBird Exploration's Average Total Inventories for the quarter that ended in Dec. 2023 was €1.07 Mil. SeaBird Exploration's Inventory Turnover for the quarter that ended in Dec. 2023 was 6.69.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. SeaBird Exploration's Days Inventory for the three months ended in Dec. 2023 was 13.64.

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. SeaBird Exploration's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.14.

SeaBird Exploration Inventory Turnover Historical Data

The historical data trend for SeaBird Exploration'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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SeaBird Exploration Inventory Turnover Chart

SeaBird Exploration Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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35.33

37.03

30.24

29.78

28.41

SeaBird Exploration Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															5.73	9.72	6.40	4.59	6.69

SeaBird Exploration Inventory Turnover Calculation

SeaBird Exploration'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 )
=	23.282	/ (	(0.607	+	1.032)	/	2 )
=	23.282	/	0.8195
=	28.41

SeaBird Exploration'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: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	7.124	/ (	(1.098	+	1.032)	/	2 )
=	7.124	/	1.065
=	6.69

SeaBird Exploration (FRA:E36) 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.

SeaBird Exploration's Days Inventory for the three 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
	=	1.065	/	7.124	*	365 / 4
	=	13.64

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.

SeaBird Exploration'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 )
	=	1.065	/	7.818
	=	0.14

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.

SeaBird Exploration Inventory Turnover Related Terms

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SeaBird Exploration (FRA:E36) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » SeaBird Exploration PLC (FRA:E36) » Definitions » Inventory Turnover

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SBXO:Sweden SBX:Norway

Address

Andrea Tselepou No. 14, Yeroskipou, Pafos, CYP, 8201

Website

https://www.sbexp.com

SeaBird Exploration PLC is engaged in providing marine 2D and 3D seismic data for the oil and gas industry. The services provided by the company include 3D and 3D water acquisition, source vessel, 2D seismic acquisition, and Multi-client. Geographically, the company operates in Europe, the Middle East & Africa (EMEA), North & South America (NSA), and derives a majority of its revenue from the Asia Pacific (APAC) region.

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