PBEGF (Touchstone Exploration) Inventory Turnover : 69.30 (As of Sep. 2024)

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What is Touchstone Exploration 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. Touchstone Exploration's Cost of Goods Sold for the three months ended in Sep. 2024 was $5.93 Mil. Touchstone Exploration's Average Total Inventories for the quarter that ended in Sep. 2024 was $0.09 Mil. Touchstone Exploration's Inventory Turnover for the quarter that ended in Sep. 2024 was 69.30.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Touchstone Exploration's Days Inventory for the three months ended in Sep. 2024 was 1.32.

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. Touchstone Exploration's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 0.01.

Touchstone Exploration Inventory Turnover Historical Data

The historical data trend for Touchstone Exploration'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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Touchstone Exploration Inventory Turnover Chart

Touchstone Exploration Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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146.22

110.33

107.80

139.51

165.29

Touchstone Exploration Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Inventory Turnover	Get a 7-Day Free Trial															51.33	71.29	64.10	58.02	69.30

Touchstone Exploration Inventory Turnover Calculation

Touchstone Exploration'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 )
=	18.182	/ (	(0.129	+	0.091)	/	2 )
=	18.182	/	0.11
=	165.29

Touchstone Exploration's Inventory Turnover for the quarter that ended in Sep. 2024 is calculated as

	Inventory Turnover (Q: Sep. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2024 )	/ (	(Total Inventories (Q: Jun. 2024 )	+	Total Inventories (Q: Sep. 2024 ))	/	count )
=	5.925	/ (	(0.091	+	0.08)	/	2 )
=	5.925	/	0.0855
=	69.30

Touchstone Exploration (OTCPK:PBEGF) 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.

Touchstone Exploration's Days Inventory for the three months ended in Sep. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2024 )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
	=	0.0855	/	5.925	*	365 / 4
	=	1.32

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.

Touchstone Exploration's Inventory to Revenue for the quarter that ended in Sep. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2024 )	/	Revenue (Q: Sep. 2024 )
	=	0.0855	/	13.251
	=	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.

Touchstone Exploration Inventory Turnover Related Terms

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Touchstone Exploration Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Touchstone Exploration Inc (OTCPK:PBEGF) » Definitions » Inventory Turnover

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TXP:UK TXP:Canada

Address

350 - 7th Avenue SW, Suite 4100, Calgary, AB, CAN, T2P 3N9

Website

https://www.touchstoneexploration.com

Touchstone Exploration Inc is engaged in the business of petroleum and natural gas exploration, development, acquisition and production. The Company is currently active in the Republic of Trinidad and Tobago. The company generates revenue from Petroleum and natural gas sales. The company's exploration project includes Ortoire, Coho, Cascadura, Chinook, Royston.