International Petroleum (OSTO:IPCO) Inventory Turnover : 7.42 (As of Mar. 2024)

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What is International Petroleum 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. International Petroleum's Cost of Goods Sold for the three months ended in Mar. 2024 was kr1,811 Mil. International Petroleum's Average Total Inventories for the quarter that ended in Mar. 2024 was kr244 Mil. International Petroleum's Inventory Turnover for the quarter that ended in Mar. 2024 was 7.42.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. International Petroleum's Days Inventory for the three months ended in Mar. 2024 was 12.30.

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. International Petroleum's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.10.

International Petroleum Inventory Turnover Historical Data

The historical data trend for International Petroleum'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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International Petroleum Inventory Turnover Chart

International Petroleum Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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22.98

23.17

27.69

43.61

37.38

International Petroleum Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial															7.66	6.09	6.79	12.04	7.42

International Petroleum Inventory Turnover Calculation

International Petroleum'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 )
=	7275.603	/ (	(165.612	+	223.698)	/	2 )
=	7275.603	/	194.655
=	37.38

International Petroleum's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

	Inventory Turnover (Q: Mar. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2024 )	/ (	(Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )
=	1810.952	/ (	(223.698	+	264.697)	/	2 )
=	1810.952	/	244.1975
=	7.42

International Petroleum (OSTO:IPCO) 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.

International Petroleum's Days Inventory for the three months ended in Mar. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2024 )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
	=	244.1975	/	1810.952	*	365 / 4
	=	12.30

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.

International Petroleum's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	244.1975	/	2385.489
	=	0.10

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.

International Petroleum Inventory Turnover Related Terms

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International Petroleum (OSTO:IPCO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » International Petroleum Corp (OSTO:IPCO) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

IPCFF:USA IPCOs:UK 0V1L:UK IPT:Germany IPCO:Canada

Address

885 West Georgia Street, Suite 2000, Vancouver, BC, CAN, V6C 3E8

Website

https://www.international-petroleum.com

International Petroleum Corp is an international oil and gas exploration and production company. It is engaged in the exploration, development, and production of oil and gas. Geographically, the company holds a portfolio of oil and gas production assets and development projects in Canada, Malaysia, and France. It is based in Canada and derives revenue from the sales of gas, crude oil, and natural gas liquids, of which key revenue is derived from the sales of crude oil.

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