LNGNF (LNG Energy Group) Inventory Turnover: 0.82 (As of Sep. 2024)


What is LNG Energy Group Inventory Turnover?

LNG Energy Group LNGNF -99.99% Inventory Turnover is 0.82 as of Sep. 2024.

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. LNG Energy Group's Cost of Goods Sold for the three months ended in Sep. 2024 was $6.09 Mil. LNG Energy Group's Average Total Inventories for the quarter that ended in Sep. 2024 was $7.43 Mil. LNG Energy Group's Inventory Turnover for the quarter that ended in Sep. 2024 was 0.82.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. LNG Energy Group's Days Inventory for the three months ended in Sep. 2024 was 111.34.

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. LNG Energy Group's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 0.73.

LNG Energy Group  (OTCPK:LNGNF) 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.

LNG Energy Group's Days Inventory for the three months ended in Sep. 2024 is calculated as:

Days Inventory =Average Total Inventories (Q: Sep. 2024 )/Cost of Goods Sold (Q: Sep. 2024 )*Days in Period
=7.426/6.086*365 / 4
=111.34

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.

LNG Energy Group's Inventory to Revenue for the quarter that ended in Sep. 2024 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Sep. 2024 ) / Revenue (Q: Sep. 2024 )
=7.426 / 10.15
=0.73

* 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.

LNG Energy Group Inventory Turnover Related Terms

LNG Energy Group Inventory Turnover Historical Data

* Premium members only.

The historical data trend for LNG Energy Group'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.

LNG Energy Group Inventory Turnover Chart

LNG Energy Group Annual Data
Trend May22 May23
Inventory Turnover
0.00 0.00

LNG Energy Group Quarterly Data
May22 Aug22 Dec22 Mar23 Jul23 Dec23 Mar24 Sep24
Inventory Turnover Get a 7-Day Free Trial 0.00 0.00 1.09 0.97 0.82

LNG Energy Group Inventory Turnover Calculation

LNG Energy Group's Inventory Turnover for the fiscal year that ended in May. 2023 is calculated as

Inventory Turnover (A: May. 2023 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (A: May. 2023 ) / ((Total Inventories (A: May. 2022 ) + Total Inventories (A: May. 2023 )) / count )
=0.001 / ((0 + 0) / 1 )
=0.001 / 0
=N/A

LNG Energy Group's Inventory Turnover for the quarter that ended in Sep. 2024 is calculated as

Inventory Turnover (Q: Sep. 2024 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (Q: Sep. 2024 ) / ((Total Inventories (Q: Mar. 2024 ) + Total Inventories (Q: Sep. 2024 )) / count )
=6.086 / ((7.602 + 7.25) / 2 )
=6.086 / 7.426
=0.82

* 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 0.82 mean?
LNG Energy Group (LNGNF) has a Inventory Turnover of 0.82 as of Sep. 2024. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on LNG Energy Group and its competitors.
Is LNG Energy Group's Inventory Turnover too high?
LNG Energy Group's current Inventory Turnover is 0.82.
How does LNG Energy Group's Inventory Turnover compare to ALTX and CRCE?
LNG Energy Group's Inventory Turnover of 0.82 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 LNG Energy Group and its competitors. LNG Energy Group's current Inventory Turnover is 0.82. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is LNG Energy Group stock overvalued right now?
LNG Energy Group (LNGNF) has a current Inventory Turnover of 0.82. The current Inventory Turnover is 0.82. 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 LNG Energy Group (LNGNF), the current Inventory Turnover is 0.82 as of Sep. 2024. 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.

LNG Energy Group Business Description

Industry EnergyOil & Gas
Address 40 Temperance Street, Suite 3200, Bay Adelaide Centre - North Tower, Toronto, ON, CAN, M5H 0B4
LNG Energy Group Corp is a production, exploration and development company focused on natural gas projects in South America. LNG Energy has entered into a binding agreement with respect to the purchase of 100% of LEC and will own and operate the SSJN-1 Block, the SSJN-3-1 Block, the Perdices Block, the VIM-41 Block, and the VIM-42 Block. The company's business objective is to build a diversified energy company in South America and is currently focused on Colombia.