Seacrest Petroleo Bermuda (OSL:SEAPT) Inventory Turnover : 1.19 (As of Dec. 2023)

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What is Seacrest Petroleo Bermuda 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. Seacrest Petroleo Bermuda's Cost of Goods Sold for the three months ended in Dec. 2023 was kr442 Mil. Seacrest Petroleo Bermuda's Average Total Inventories for the quarter that ended in Dec. 2023 was kr370 Mil. Seacrest Petroleo Bermuda's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.19.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Seacrest Petroleo Bermuda's Days Inventory for the three months ended in Dec. 2023 was 76.55.

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. Seacrest Petroleo Bermuda's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.54.

Seacrest Petroleo Bermuda Inventory Turnover Historical Data

The historical data trend for Seacrest Petroleo Bermuda'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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Seacrest Petroleo Bermuda Inventory Turnover Chart

Seacrest Petroleo Bermuda Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

3.29

5.42

Seacrest Petroleo Bermuda Quarterly Data
	Dec20	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Inventory Turnover	Get a 7-Day Free Trial						0.21	0.41	1.74	0.97	1.19

Seacrest Petroleo Bermuda Inventory Turnover Calculation

Seacrest Petroleo Bermuda'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 )
=	1192.789	/ (	(100.55	+	339.248)	/	2 )
=	1192.789	/	219.899
=	5.42

Seacrest Petroleo Bermuda'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: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	441.566	/ (	(401.597	+	339.248)	/	2 )
=	441.566	/	370.4225
=	1.19

Seacrest Petroleo Bermuda (OSL:SEAPT) 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.

Seacrest Petroleo Bermuda's Days Inventory for the three 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
	=	370.4225	/	441.566	*	365 / 4
	=	76.55

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.

Seacrest Petroleo Bermuda'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 )
	=	370.4225	/	682.166
	=	0.54

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.

Seacrest Petroleo Bermuda Inventory Turnover Related Terms

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Seacrest Petroleo Bermuda (OSL:SEAPT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Seacrest Petroleo Bermuda Ltd (OSL:SEAPT) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

Z2UA:Germany

Address

99 Front Street, Hamilton, BMU, HM 12

Website

https://www.seacrestpetroleo.com

Seacrest Petroleo Bermuda Ltd is an oil and gas exploration group. The Group is engaged in oil and gas exploration, development, production, and trade activities. It has a single operating segment, which consists of oil and gas exploration and production (E&P).

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