BW Energy (OSL:BWE) Inventory Turnover : 3.19 (As of Dec. 2023)

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What is BW 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. BW Energy's Cost of Goods Sold for the six months ended in Dec. 2023 was kr704 Mil. BW Energy's Average Total Inventories for the quarter that ended in Dec. 2023 was kr220 Mil. BW Energy's Inventory Turnover for the quarter that ended in Dec. 2023 was 3.19.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. BW Energy's Days Inventory for the six months ended in Dec. 2023 was 57.17.

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. BW Energy's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.06.

BW Energy Inventory Turnover Historical Data

The historical data trend for BW 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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BW Energy Inventory Turnover Chart

BW Energy Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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5.50

7.82

7.99

6.59

4.50

BW Energy Semi-Annual Data
	Dec16	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Inventory Turnover	Get a 7-Day Free Trial								2.73	1.77	1.76	3.52	3.19

BW Energy Inventory Turnover Calculation

BW 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 )
=	1049.666	/ (	(113.621	+	353.405)	/	2 )
=	1049.666	/	233.513
=	4.50

BW 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 )
=	703.644	/ (	(87.451	+	353.405)	/	2 )
=	703.644	/	220.428
=	3.19

BW Energy (OSL:BWE) 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.

BW 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
	=	220.428	/	703.644	*	365 / 2
	=	57.17

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.

BW 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 )
	=	220.428	/	3560.422
	=	0.06

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.

BW Energy Inventory Turnover Related Terms

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BW Energy (OSL:BWE) Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » BW Energy Ltd (OSL:BWE) » Definitions » Inventory Turnover

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BWEFF:USA BWERY:USA BWEo:Sweden BWEo:UK 6BW:Germany

Address

22 Church Street, Washington Mall Phase 2, 4th Floor, Suite 400, Hamilton, BMU, HM 1189

Website

https://www.bwenergy.no

BW Energy Ltd is an oil and gas company engaged in the acquisition, development, and production of oil and natural gas fields. The company has hydrocarbon licenses in Gabon, Brazil, and Namibia. The company generates its revenue from the production and sale of crude oil.

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