Capricorn Energy (LSE:CNE) Inventory Turnover : 7.10 (As of Jun. 2024)

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What is Capricorn Energy 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. Capricorn Energy's Cost of Goods Sold for the six months ended in Jun. 2024 was £47.0 Mil. Capricorn Energy's Average Total Inventories for the quarter that ended in Jun. 2024 was £6.6 Mil. Capricorn Energy's Inventory Turnover for the quarter that ended in Jun. 2024 was 7.10.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Capricorn Energy's Days Inventory for the six months ended in Jun. 2024 was 25.70.

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. Capricorn Energy's Inventory-to-Revenue for the quarter that ended in Jun. 2024 was 0.08.

Capricorn Energy Inventory Turnover Historical Data

The historical data trend for Capricorn Energy'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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Capricorn Energy Inventory Turnover Chart

Capricorn Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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26.05

4.50

22.51

21.53

Capricorn Energy Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Inventory Turnover	Get a 7-Day Free Trial															10.08	10.40	10.04	10.70	7.10

Capricorn Energy Inventory Turnover Calculation

Capricorn Energy'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 )
=	142.2	/ (	(6.65	+	6.557)	/	2 )
=	142.2	/	6.6035
=	21.53

Capricorn Energy's Inventory Turnover for the quarter that ended in Jun. 2024 is calculated as

	Inventory Turnover (Q: Jun. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jun. 2024 )	/ (	(Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Jun. 2024 ))	/	count )
=	47.003	/ (	(6.557	+	6.681)	/	2 )
=	47.003	/	6.619
=	7.10

Capricorn Energy (LSE:CNE) 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.

Capricorn Energy's Days Inventory for the six months ended in Jun. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2024 )	/	Cost of Goods Sold (Q: Jun. 2024 )	*	Days in Period
	=	6.619	/	47.003	*	365 / 2
	=	25.70

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.

Capricorn Energy's Inventory to Revenue for the quarter that ended in Jun. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2024 )	/	Revenue (Q: Jun. 2024 )
	=	6.619	/	81.587
	=	0.08

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.

Capricorn Energy Inventory Turnover Related Terms

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Capricorn Energy Business Description

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CRNZF:USA CRNCY:USA CNEl:UK

Address

50 Lothian Road, Edinburgh, GBR, EH3 9BY

Website

https://www.capricornenergy.com

Capricorn Energy PLC is an independent oil and gas exploration and development company. The company has explored, discovered, developed, and produced oil and gas in a variety of locations throughout the world. The company's production, development, and exploration activities are focused on the Egyptian Western Deserts and UK North Sea.

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