PRT (PermRock Royalty Trust) Inventory Turnover : 0.00 (As of Sep. 2024)

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What is PermRock Royalty Trust 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. PermRock Royalty Trust's Cost of Goods Sold for the three months ended in Sep. 2024 was $0.00 Mil. PermRock Royalty Trust's Average Total Inventories for the quarter that ended in Sep. 2024 was $0.00 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

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. PermRock Royalty Trust's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 0.00.

PermRock Royalty Trust Inventory Turnover Historical Data

The historical data trend for PermRock Royalty Trust'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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PermRock Royalty Trust Inventory Turnover Chart

PermRock Royalty Trust Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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PermRock Royalty Trust 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															-	-	-	-	-

PermRock Royalty Trust Inventory Turnover Calculation

PermRock Royalty Trust'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 )
=	0	/ (	(0	+	0)	/	1 )
=	0	/	0
=	N/A

PermRock Royalty Trust'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 )
=	0	/ (	(0	+	0)	/	1 )
=	0	/	0
=	N/A

PermRock Royalty Trust (NYSE:PRT) 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.

PermRock Royalty Trust'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	/	0	*	365 / 4
	=

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.

PermRock Royalty Trust'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	/	1.564
	=	0.00

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.

PermRock Royalty Trust Inventory Turnover Related Terms

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PermRock Royalty Trust Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » PermRock Royalty Trust (NYSE:PRT) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

3838 Oak Lawn Avenue, Suite 1720, Argent Trust Company, Trustee, Dallas, TX, USA, 75219

Website

https://www.permrock.com

PermRock Royalty Trust operates as a statutory trust. Its purpose is to own the Net Profits Interest, to distribute to the Trust unitholders cash that it receives in respect of the Net Profits Interest, and to perform certain administrative functions. The Net Profits Interest entitles the trust to receive 80% of the net profits from the sale of oil and natural gas production from the underlying properties of its trustor.

Executives

Boaz Energy Ii, Llc	10 percent owner	3300 N. A STREET BLDG. 7 #150, MIDLAND TX 79705
Karan E Eves	10 percent owner	3300 N. A. STREET, BUILDING 7, MIDLAND TX 79705
Marshall J Eves	10 percent owner	3300 N. A. STREET, BUILDING 7, MIDLAND TX 79705
Ngp X Us Holdings Lp	10 percent owner	5221 N. O'CONNOR BOULEVARD, SUITE 1100, IRVING TX 75039
Ngp Boaz Energy Ii Co-invest Llc	10 percent owner	5221 N. O'CONNOR BOULEVARD, SUITE 1100, IRVING TX 75039