Sirius Petroleum (LSE:SRSP) Inventory Turnover: 0.00 (As of Jun. 2018)

What is Sirius Petroleum Inventory Turnover?

Sirius Petroleum LSE:SRSP Inventory Turnover is 0.00 as of Jun. 2018. The stock has 4 warning signs investors should review.

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. Sirius Petroleum's Cost of Goods Sold for the six months ended in Jun. 2018 was £0.00 Mil. Sirius Petroleum's Average Total Inventories for the quarter that ended in Jun. 2018 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.

Sirius Petroleum (LSE:SRSP) 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.

Sirius Petroleum's Days Inventory for the six months ended in Jun. 2018 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2018 )	/	Cost of Goods Sold (Q: Jun. 2018 )	*	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.

Sirius Petroleum's Inventory to Revenue for the quarter that ended in Jun. 2018 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2018 )	/	Revenue (Q: Jun. 2018 )
	=	0	/	0
	=

* 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.

Sirius Petroleum Inventory Turnover Related Terms

Sirius Petroleum Inventory Turnover Historical Data

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The historical data trend for Sirius Petroleum's Inventory Turnover can be seen below:

Sirius Petroleum Inventory Turnover Chart

Sirius Petroleum Annual Data

Trend

Jul08

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Inventory Turnover

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Sirius Petroleum Semi-Annual Data
	Jan08	Jul08	Jan09	Jul09	Jan10	Jun11	Dec11	Jun12	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18
Inventory Turnover	Get a 7-Day Free Trial															0.00	0.00	0.00	0.00	0.00

Sirius Petroleum Inventory Turnover Calculation

Sirius Petroleum's Inventory Turnover for the fiscal year that ended in Dec. 2017 is calculated as

	Inventory Turnover (A: Dec. 2017 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2017 )	/ (	(Total Inventories (A: Dec. 2016 )	+	Total Inventories (A: Dec. 2017 ))	/	count )
=	0	/ (	(0	+	0)	/	1 )
=	0	/	0
=	N/A

Sirius Petroleum's Inventory Turnover for the quarter that ended in Jun. 2018 is calculated as

	Inventory Turnover (Q: Jun. 2018 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jun. 2018 )	/ (	(Total Inventories (Q: Dec. 2017 )	+	Total Inventories (Q: Jun. 2018 ))	/	count )
=	0	/ (	(0	+	0)	/	1 )
=	0	/	0
=	N/A

Frequently Asked Questions Learn more about Inventory Turnover →

What does a Inventory Turnover of 0.00 mean?

Sirius Petroleum (LSE:SRSP) has a Inventory Turnover of 0.00 as of Jun. 2018. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Sirius Petroleum and its competitors.

Is Sirius Petroleum's Inventory Turnover too high?

Sirius Petroleum's current Inventory Turnover is 0.00.

How does Sirius Petroleum's Inventory Turnover compare to WHZT and GSPE?

Sirius Petroleum's Inventory Turnover of 0.00 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 Sirius Petroleum and its competitors. Sirius Petroleum's current Inventory Turnover is 0.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Sirius Petroleum stock overvalued right now?

Sirius Petroleum (LSE:SRSP) has a current Inventory Turnover of 0.00. The current Inventory Turnover is 0.00. 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 Sirius Petroleum (LSE:SRSP), the current Inventory Turnover is 0.00 as of Jun. 2018. 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.

Sirius Petroleum Business Description

Industry Energy Oil & Gas

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Address 25 Bury Street, 1st Floor, London, GBR, SW1Y 6AL

Website http://www.siriuspetroleum.com

Sirius Petroleum PLC is an independent oil development company. It focuses on opportunities in the oil and gas sector with particular emphasis in Nigeria. The company acquires and develops offshore proven oil discoveries in Nigeria that have beneficial indigenous tax regimes. The company has only one operating segment: Oil Extraction and Related Activities.