PetroVietnam Technical Services (HSTC:PVS) Inventory Turnover : 6.82 (As of Dec. 2024)

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What is PetroVietnam Technical 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. PetroVietnam Technical Services's Cost of Goods Sold for the three months ended in Dec. 2024 was ₫9,476,563 Mil. PetroVietnam Technical Services's Average Total Inventories for the quarter that ended in Dec. 2024 was ₫1,389,864 Mil. PetroVietnam Technical Services's Inventory Turnover for the quarter that ended in Dec. 2024 was 6.82.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. PetroVietnam Technical Services's Days Inventory for the three months ended in Dec. 2024 was 13.38.

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. PetroVietnam Technical Services's Inventory-to-Revenue for the quarter that ended in Dec. 2024 was 0.14.

PetroVietnam Technical Services Inventory Turnover Historical Data

The historical data trend for PetroVietnam Technical 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.

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PetroVietnam Technical Services Inventory Turnover Chart

PetroVietnam Technical Services Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Inventory Turnover

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10.72

6.36

9.62

14.32

13.76

PetroVietnam Technical Services Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Inventory Turnover	Get a 7-Day Free Trial															2.75	2.37	3.61	3.63	6.82

PetroVietnam Technical Services Inventory Turnover Calculation

PetroVietnam Technical Services's Inventory Turnover for the fiscal year that ended in Dec. 2024 is calculated as

	Inventory Turnover (A: Dec. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2024 )	/ (	(Total Inventories (A: Dec. 2023 )	+	Total Inventories (A: Dec. 2024 ))	/	count )
=	22704782.954	/ (	(1470404.313	+	1830251.469)	/	2 )
=	22704782.954	/	1650327.891
=	13.76

PetroVietnam Technical Services's Inventory Turnover for the quarter that ended in Dec. 2024 is calculated as

	Inventory Turnover (Q: Dec. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2024 )	/ (	(Total Inventories (Q: Sep. 2024 )	+	Total Inventories (Q: Dec. 2024 ))	/	count )
=	9476562.94	/ (	(949477.106	+	1830251.469)	/	2 )
=	9476562.94	/	1389864.2875
=	6.82

PetroVietnam Technical Services (HSTC:PVS) 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.

PetroVietnam Technical Services's Days Inventory for the three months ended in Dec. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2024 )	/	Cost of Goods Sold (Q: Dec. 2024 )	*	Days in Period
	=	1389864.2875	/	9476562.94	*	365 / 4
	=	13.38

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.

PetroVietnam Technical Services's Inventory to Revenue for the quarter that ended in Dec. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2024 )	/	Revenue (Q: Dec. 2024 )
	=	1389864.2875	/	9776990.82
	=	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.

PetroVietnam Technical Services Inventory Turnover Related Terms

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PetroVietnam Technical Services Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » PetroVietnam Technical Services Corp (HSTC:PVS) » Definitions » Inventory Turnover

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Traded in Other Exchanges

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Address

No. 1-5, Le Duan Street, 5th floor, PetroVietnam Tower, Ben Nghe ward, District 1, Ho Chi Minh, VNM

Website

https://www.ptsc.com.vn

PetroVietnam Technical Services Corp provides technical services for the oil and gas industry in Vietnam. The principal activities of the Corporation are comprised of Supplying oil and gas technical services; Management, operation and supply of the technology service vessels; Supplying business management and administrative services; port-based services; ship services, tallying services and freight forwarding; Management, business, and operation of the floating storage and offloading (FSO), floating production storage and offloading (FPSO); Supplying services for geophysical survey activities engineering geology, diving services, ROV provision services for oil and gas exploration, exploration and exploitation and industrial and civil works.

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