Petrofac (LSE:PFC) Inventory Turnover : 117.59 (As of Jun. 2024)

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What is Petrofac 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. Petrofac's Cost of Goods Sold for the six months ended in Jun. 2024 was £973 Mil. Petrofac's Average Total Inventories for the quarter that ended in Jun. 2024 was £8 Mil. Petrofac's Inventory Turnover for the quarter that ended in Jun. 2024 was 117.59.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Petrofac's Days Inventory for the six months ended in Jun. 2024 was 1.55.

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. Petrofac's Inventory-to-Revenue for the quarter that ended in Jun. 2024 was 0.01.

Petrofac Inventory Turnover Historical Data

The historical data trend for Petrofac'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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Petrofac Inventory Turnover Chart

Petrofac Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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253.41

298.97

188.13

140.12

187.25

Petrofac 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															55.59	82.60	81.09	128.79	117.59

Petrofac Inventory Turnover Calculation

Petrofac'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 )
=	2120.36	/ (	(13.957	+	8.69)	/	2 )
=	2120.36	/	11.3235
=	187.25

Petrofac'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 )
=	973.068	/ (	(8.69	+	7.86)	/	2 )
=	973.068	/	8.275
=	117.59

Petrofac (LSE:PFC) 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.

Petrofac'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
	=	8.275	/	973.068	*	365 / 2
	=	1.55

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.

Petrofac'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 )
	=	8.275	/	974.64
	=	0.01

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.

Petrofac Inventory Turnover Related Terms

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Petrofac Business Description

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Address

26 New Street, St Helier, JEY, JE2 3RA

Website

https://www.petrofac.com

Petrofac Ltd provides engineering and construction services to the oil and gas production and processing industry. It designs, builds, operates, and maintains oil and gas facilities. The operating segments of the company include Engineering and Construction, Asset solutions, and Integrated Energy Services. It derives the majority of its revenue from the Asset Solutions segment which mainly includes reimbursable engineering and production services activities to the oil and gas industry. Geographically, the company derives maximum revenue from the United Kingdom and the rest from Algeria, Lithuania, Malaysia, the United States of America, Oman, and various other countries.