Longboat Energy (LSE:LBE) Inventory Turnover : 0.00 (As of Dec. 2023)

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What is Longboat 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. Longboat Energy's Cost of Goods Sold for the six months ended in Dec. 2023 was £0.00 Mil. Longboat Energy's Average Total Inventories for the quarter that ended in Dec. 2023 was £0.00 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

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.

Longboat Energy Inventory Turnover Historical Data

The historical data trend for Longboat 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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Longboat Energy Inventory Turnover Chart

Longboat Energy Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

Longboat Energy Semi-Annual Data
	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Inventory Turnover	Get a 7-Day Free Trial					-	-	-	-	-

Longboat Energy Inventory Turnover Calculation

Longboat 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 )
=	0	/ (	(0.123	+	0)	/	1 )
=	0	/	0.123
=	0.00

Longboat Energy'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 )
=	0	/ (	(0	+	0)	/	1 )
=	0	/	0
=	N/A

Longboat Energy (LSE:LBE) 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.

Longboat Energy'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	/	0	*	365 / 2
	=

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.

Longboat Energy'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	/	0
	=

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.

Longboat Energy Inventory Turnover Related Terms

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Longboat Energy (LSE:LBE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Longboat Energy PLC (LSE:LBE) » Definitions » Inventory Turnover

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Traded in Other Exchanges

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Address

8 Tavistock Street, Hudson House, London, GBR, WC2E 7PP

Website

https://www.longboatenergy.com

Longboat Energy PLC is an oil and gas exploration and production company. The company focuses on drill-bit, both through infill drilling in existing fields and through near-field exploration drilling. The company's business operations are held in Norway and Malaysia.

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