United States Oil and Gas (FRA:NG5B) Inventory Turnover: 3.93 (As of Sep. 2011)

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What is United States Oil and Gas Inventory Turnover?

United States Oil and Gas FRA:NG5B Inventory Turnover is 3.93 as of Sep. 2011.

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. United States Oil and Gas's Cost of Goods Sold for the three months ended in Sep. 2011 was €1.19 Mil. United States Oil and Gas's Average Total Inventories for the quarter that ended in Sep. 2011 was €0.30 Mil. United States Oil and Gas's Inventory Turnover for the quarter that ended in Sep. 2011 was 3.93.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. United States Oil and Gas's Days Inventory for the three months ended in Sep. 2011 was 23.21.

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. United States Oil and Gas's Inventory-to-Revenue for the quarter that ended in Sep. 2011 was 0.25.


United States Oil and Gas  (FRA:NG5B) 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.

United States Oil and Gas's Days Inventory for the three months ended in Sep. 2011 is calculated as:

Days Inventory =Average Total Inventories (Q: Sep. 2011 )/Cost of Goods Sold (Q: Sep. 2011 )*Days in Period
=0.3035/1.193*365 / 4
=23.21

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.

United States Oil and Gas's Inventory to Revenue for the quarter that ended in Sep. 2011 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Sep. 2011 ) / Revenue (Q: Sep. 2011 )
=0.3035 / 1.21
=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.


United States Oil and Gas Inventory Turnover Related Terms


United States Oil and Gas Inventory Turnover Historical Data

* Premium members only.

The historical data trend for United States Oil and Gas'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.

United States Oil and Gas Inventory Turnover Chart

United States Oil and Gas Annual Data
Trend Dec09 Dec10
Inventory Turnover
43.11 77.06

United States Oil and Gas Quarterly Data
Jun09 Sep09 Dec09 Mar10 Jun10 Sep10 Dec10 Mar11 Jun11 Sep11
Inventory Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.98 47.46 15.26 20.32 3.93

United States Oil and Gas Inventory Turnover Calculation

United States Oil and Gas's Inventory Turnover for the fiscal year that ended in Dec. 2010 is calculated as

Inventory Turnover (A: Dec. 2010 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (A: Dec. 2010 ) / ((Total Inventories (A: Dec. 2009 ) + Total Inventories (A: Dec. 2010 )) / count )
=17.377 / ((0.133 + 0.318) / 2 )
=17.377 / 0.2255
=77.06

United States Oil and Gas's Inventory Turnover for the quarter that ended in Sep. 2011 is calculated as

Inventory Turnover (Q: Sep. 2011 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (Q: Sep. 2011 ) / ((Total Inventories (Q: Jun. 2011 ) + Total Inventories (Q: Sep. 2011 )) / count )
=1.193 / ((0.273 + 0.334) / 2 )
=1.193 / 0.3035
=3.93

* 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.

Frequently Asked Questions Learn more about Inventory Turnover →
What does a Inventory Turnover of 3.93 mean?
United States Oil and Gas (FRA:NG5B) has a Inventory Turnover of 3.93 as of Sep. 2011. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on United States Oil and Gas and its competitors.
Is United States Oil and Gas' Inventory Turnover too high?
United States Oil and Gas' current Inventory Turnover is 3.93.
How does United States Oil and Gas' Inventory Turnover compare to competitors?
United States Oil and Gas' Inventory Turnover of 3.93 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 United States Oil and Gas and its competitors. United States Oil and Gas's current Inventory Turnover is 3.93. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is United States Oil and Gas stock overvalued right now?
United States Oil and Gas (FRA:NG5B) has a current Inventory Turnover of 3.93. The current Inventory Turnover is 3.93. 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 United States Oil and Gas (FRA:NG5B), the current Inventory Turnover is 3.93 as of Sep. 2011. 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.

United States Oil and Gas Business Description

Industry EnergyOil & Gas
United States Oil And Gas Corp was founded in April 2007. The Company identifies and attempts to acquire domestic oil and gas service companies that market and distribute refined fuels, distillates (which are liquid petroleum products that are burned in a furnace or boiler for the generation of heat or used in an engine for the generation of power) and propane to retail and wholesale customers and oversee the operations of the businesses it acquires. Its acquisition targets are small to mid-sized family-run companies. Oil and gas service companies typically purchase bulk fuel and propane from regional suppliers, then store, sell, and deliver the fuel and propane to local businesses, drillers, farms, wholesalers, and individuals.