Challenger Energy Group (LSE:CEG) Inventory Turnover : 7.26 (As of Dec. 2023)

View and export this data going back to 2010. Start your Free Trial

What is Challenger Energy Group 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. Challenger Energy Group's Cost of Goods Sold for the six months ended in Dec. 2023 was £1.44 Mil. Challenger Energy Group's Average Total Inventories for the quarter that ended in Dec. 2023 was £0.20 Mil. Challenger Energy Group's Inventory Turnover for the quarter that ended in Dec. 2023 was 7.26.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Challenger Energy Group's Days Inventory for the six months ended in Dec. 2023 was 25.15.

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. Challenger Energy Group's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.15.

Challenger Energy Group Inventory Turnover Historical Data

The historical data trend for Challenger 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.

* Premium members only.

Challenger Energy Group Inventory Turnover Chart

Challenger Energy Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

Get a 7-Day Free Trial

16.16

28.50

23.57

18.47

Challenger Energy Group Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															13.74	9.89	10.27	11.97	7.26

Challenger Energy Group Inventory Turnover Calculation

Challenger Energy Group'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 )
=	3.288	/ (	(0.135	+	0.221)	/	2 )
=	3.288	/	0.178
=	18.47

Challenger Energy Group'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: Jun. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	1.437	/ (	(0.175	+	0.221)	/	2 )
=	1.437	/	0.198
=	7.26

Challenger Energy Group (LSE:CEG) 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.

Challenger Energy Group's Days Inventory for the six 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
	=	0.198	/	1.437	*	365 / 2
	=	25.15

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.

Challenger Energy Group'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 )
	=	0.198	/	1.346
	=	0.15

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.

Challenger Energy Group Inventory Turnover Related Terms

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

Challenger Energy Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Challenger Energy Group PLC (LSE:CEG) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

BSHPF:USA CEG:UK BPV0:Germany

Address

Alexandra Road, The Engine House, Castletown, IMN, IM9 1TG

Website

https://www.cegplc.com

Challenger Energy Group PLC is an Caribbean and Atlantic margin Based oil and gas exploration company. All of its business activities related to oil and gas exploration &production, development, appraisal activities in Uruguay, Trinidad and Tobago, Suriname, and The Bahamas. The company is engaged in evaluating and realizing the potential of carbonate reservoir systems contained in operating leases in Bahamian waters.