Source Energy Services (FRA:S4O0) Inventory Turnover : 1.61 (As of Mar. 2024)

View and export this data going back to 2017. Start your Free Trial

What is Source Energy Services 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. Source Energy Services's Cost of Goods Sold for the three months ended in Mar. 2024 was €91.0 Mil. Source Energy Services's Average Total Inventories for the quarter that ended in Mar. 2024 was €56.4 Mil. Source Energy Services's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.61.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Source Energy Services's Days Inventory for the three months ended in Mar. 2024 was 56.55.

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. Source Energy Services's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.49.

Source Energy Services Inventory Turnover Historical Data

The historical data trend for Source Energy Services'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.

* Premium members only.

Source Energy Services Inventory Turnover Chart

Source Energy Services Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

Get a 7-Day Free Trial

4.71

3.81

5.29

5.56

5.80

Source Energy Services Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial															1.84	1.42	1.24	1.48	1.61

Source Energy Services Inventory Turnover Calculation

Source Energy Services'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 )
=	314.65	/ (	(50.402	+	58.166)	/	2 )
=	314.65	/	54.284
=	5.80

Source Energy Services's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

	Inventory Turnover (Q: Mar. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2024 )	/ (	(Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )
=	91.029	/ (	(58.166	+	54.654)	/	2 )
=	91.029	/	56.41
=	1.61

Source Energy Services (FRA:S4O0) 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.

Source Energy Services's Days Inventory for the three months ended in Mar. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2024 )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
	=	56.41	/	91.029	*	365 / 4
	=	56.55

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.

Source Energy Services's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	56.41	/	115.25
	=	0.49

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.

Source Energy Services Inventory Turnover Related Terms

Thank you for viewing the detailed overview of Source Energy Services's Inventory Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Source Energy Services (FRA:S4O0) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Source Energy Services Ltd (FRA:S4O0) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

SCEYF:USA SHLE:Canada

Address

500, 1060 - 7th Street SW, Calgary, AB, CAN, T2R 0C4

Website

https://www.sourceenergyservices.com

Source Energy Services Ltd is a Canada based company engaged in the integrated production and distribution of frac sand as well as the distribution of other bulk oil and gas well completion materials that aren't produced by Source. It provides customers with an end-to-end solution for frac sand supported by its Wisconsin mines and processing facilities, its Western Canadian terminal network and its last mile logistics capabilities. The company also offers storage and logistics services for other bulk oil and gas well completion materials and has developed Sahara, a proprietary wellsite mobile sand storage and handling system. The geographical segments of the group are the US Operations and Canadian Operations.

Source Energy Services (FRA:S4O0) Headlines

No Headlines