POFCF (Petrofac) Inventory Turnover: 117.90 (As of Jun. 2024)

What is Petrofac Inventory Turnover?

Petrofac POFCF -95.67% 12 Inventory Turnover is 117.90 as of Jun. 2024. GuruFocus rates POFCF with a GF Score™ of 12/100.

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. Petrofac's Cost of Goods Sold for the six months ended in Jun. 2024 was $1,238 Mil. Petrofac's Average Total Inventories for the quarter that ended in Jun. 2024 was $11 Mil. Petrofac's Inventory Turnover for the quarter that ended in Jun. 2024 was 117.90.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Petrofac's Days Inventory for the six months ended in Jun. 2024 was 1.55.

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. Petrofac's Inventory-to-Revenue for the quarter that ended in Jun. 2024 was 0.01.

Petrofac (OTCPK:POFCF) 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.

Petrofac's Days Inventory for the six months ended in Jun. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2024 )	/	Cost of Goods Sold (Q: Jun. 2024 )	*	Days in Period
	=	10.5	/	1238	*	365 / 2
	=	1.55

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.

Petrofac's Inventory to Revenue for the quarter that ended in Jun. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2024 )	/	Revenue (Q: Jun. 2024 )
	=	10.5	/	1240
	=	0.01

* 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.

Petrofac Inventory Turnover Related Terms

Petrofac Inventory Turnover Historical Data

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

Petrofac Inventory Turnover Chart

Petrofac Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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258.37

304.16

187.61

133.35

191.71

Petrofac Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Inventory Turnover	Get a 7-Day Free Trial															53.40	82.11	82.83	128.96	117.90

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Petrofac Ltd POFCF

Inventory Turnover is just one metric. See GF Score™, valuation, warning signs, and more.

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Petrofac Inventory Turnover Calculation

Petrofac'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 )
=	2684	/ (	(17	+	11)	/	2 )
=	2684	/	14
=	191.71

Petrofac's Inventory Turnover for the quarter that ended in Jun. 2024 is calculated as

	Inventory Turnover (Q: Jun. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jun. 2024 )	/ (	(Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Jun. 2024 ))	/	count )
=	1238	/ (	(11	+	10)	/	2 )
=	1238	/	10.5
=	117.90

Frequently Asked Questions Learn more about Inventory Turnover →

What does a Inventory Turnover of 117.90 mean?

Petrofac (POFCF) has a Inventory Turnover of 117.90 as of Jun. 2024. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Petrofac and its competitors.

Is Petrofac's Inventory Turnover too high?

Petrofac's current Inventory Turnover is 117.90. Overall, Petrofac has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.

How does Petrofac's Inventory Turnover compare to SLB and BKR?

Petrofac's Inventory Turnover of 117.90 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 Petrofac and its competitors. Petrofac's current Inventory Turnover is 117.90. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Petrofac stock overvalued right now?

Petrofac (POFCF) has a current Inventory Turnover of 117.90. The current Inventory Turnover is 117.90. Petrofac's overall GF Score™ is 12/100. 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 Petrofac (POFCF), the current Inventory Turnover is 117.90 as of Jun. 2024. 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.

Petrofac Business Description

Industry Energy Oil & Gas

Comparable Companies LSE:TAND LSE:CSC LSE:POS LSE:THAL LSE:GTC SLB BKR MIL:TEN HAL FTI XPAR:TE XPAR:GTT SHSE:601808 SHSE:600968 OSL:SUBC SGX:5E2 MIL:SPM SZSE:002353 NOV CHX

Address 26 New Street, St Helier, JEY, JE2 3RA

Website https://www.petrofac.com

Petrofac Ltd provides engineering and construction services to the oil and gas production and processing industry. It designs, builds, operates, and maintains oil and gas facilities. The operating segments of the company include Engineering and Construction, Asset solutions, and Integrated Energy Services. It derives the majority of its revenue from the Asset Solutions segment which mainly includes reimbursable engineering and production services activities to the oil and gas industry. Geographically, the company derives maximum revenue from the United Kingdom and the rest from Algeria, Lithuania, Malaysia, the United States of America, Oman, and various other countries.

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