Golden Energy Offshore Services ASA (FRA:J9X0) Inventory Turnover : 8.12 (As of Dec. 2023)

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What is Golden Energy Offshore Services ASA 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. Golden Energy Offshore Services ASA's Cost of Goods Sold for the three months ended in Dec. 2023 was €5.65 Mil. Golden Energy Offshore Services ASA's Average Total Inventories for the quarter that ended in Dec. 2023 was €0.70 Mil. Golden Energy Offshore Services ASA's Inventory Turnover for the quarter that ended in Dec. 2023 was 8.12.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Golden Energy Offshore Services ASA's Days Inventory for the three months ended in Dec. 2023 was 11.24.

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. Golden Energy Offshore Services ASA's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.10.

Golden Energy Offshore Services ASA Inventory Turnover Historical Data

The historical data trend for Golden Energy Offshore Services ASA'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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Golden Energy Offshore Services ASA Inventory Turnover Chart

Golden Energy Offshore Services ASA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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39.74

33.94

54.98

70.12

18.63

Golden Energy Offshore Services ASA Quarterly Data
	Jun17	Sep17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															10.34	17.14	36.12	17.64	8.12

Golden Energy Offshore Services ASA Inventory Turnover Calculation

Golden Energy Offshore Services ASA'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 )
=	13.02	/ (	(0.216	+	1.182)	/	2 )
=	13.02	/	0.699
=	18.63

Golden Energy Offshore Services ASA'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 )
=	5.651	/ (	(0.21	+	1.182)	/	2 )
=	5.651	/	0.696
=	8.12

Golden Energy Offshore Services ASA (FRA:J9X0) 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.

Golden Energy Offshore Services ASA'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
	=	0.696	/	5.651	*	365 / 4
	=	11.24

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.

Golden Energy Offshore Services ASA'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 )
	=	0.696	/	6.993
	=	0.10

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.

Golden Energy Offshore Services ASA Inventory Turnover Related Terms

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Golden Energy Offshore Services ASA (FRA:J9X0) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Golden Energy Offshore Services ASA (FRA:J9X0) » Definitions » Inventory Turnover

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GEOUF:USA GEOS:Norway

Address

St Olavs Plass 1, Alesund, NOR, 6002

Website

https://www.geoff.no

Golden Energy Offshore Services AS is a shipowner and operator of modern and high-spec offshore service vessels for the oil and gas service industry. The company's fleet includes Energy Empress, Larissa, and many more. Geographically, it derives a majority of its revenue from Europe.

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