RZREF (Razor Energy) Inventory Turnover: 14.91 (As of Sep. 2023)

What is Razor Energy Inventory Turnover?

Razor Energy RZREF -99.00% 12 Inventory Turnover is 14.91 as of Sep. 2023. GuruFocus rates RZREF 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. Razor Energy's Cost of Goods Sold for the three months ended in Sep. 2023 was $6.21 Mil. Razor Energy's Average Total Inventories for the quarter that ended in Sep. 2023 was $0.42 Mil. Razor Energy's Inventory Turnover for the quarter that ended in Sep. 2023 was 14.91.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Razor Energy's Days Inventory for the three months ended in Sep. 2023 was 6.12.

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. Razor Energy's Inventory-to-Revenue for the quarter that ended in Sep. 2023 was 0.02.

Razor Energy (OTCPK:RZREF) 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.

Razor Energy's Days Inventory for the three months ended in Sep. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2023 )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
	=	0.4165	/	6.21	*	365 / 4
	=	6.12

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.

Razor Energy's Inventory to Revenue for the quarter that ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2023 )	/	Revenue (Q: Sep. 2023 )
	=	0.4165	/	18.8
	=	0.02

* 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.

Razor Energy Inventory Turnover Related Terms

Razor Energy Inventory Turnover Historical Data

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

Razor Energy Inventory Turnover Chart

Razor Energy Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Inventory Turnover

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46.79

59.04

66.83

53.41

84.23

Razor Energy Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Inventory Turnover	Get a 7-Day Free Trial															23.32	21.18	18.91	12.18	14.91

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Razor Energy Corp RZREF

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

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Razor Energy Inventory Turnover Calculation

Razor Energy's Inventory Turnover for the fiscal year that ended in Dec. 2022 is calculated as

	Inventory Turnover (A: Dec. 2022 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2022 )	/ (	(Total Inventories (A: Dec. 2021 )	+	Total Inventories (A: Dec. 2022 ))	/	count )
=	45.065	/ (	(0.584	+	0.486)	/	2 )
=	45.065	/	0.535
=	84.23

Razor Energy's Inventory Turnover for the quarter that ended in Sep. 2023 is calculated as

	Inventory Turnover (Q: Sep. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2023 )	/ (	(Total Inventories (Q: Jun. 2023 )	+	Total Inventories (Q: Sep. 2023 ))	/	count )
=	6.21	/ (	(0.433	+	0.4)	/	2 )
=	6.21	/	0.4165
=	14.91

Frequently Asked Questions Learn more about Inventory Turnover →

What does a Inventory Turnover of 14.91 mean?

Razor Energy (RZREF) has a Inventory Turnover of 14.91 as of Sep. 2023. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Razor Energy and its competitors.

Is Razor Energy's Inventory Turnover too high?

Razor Energy's current Inventory Turnover is 14.91. Overall, Razor Energy has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.

How does Razor Energy's Inventory Turnover compare to COP and EOG?

Razor Energy's Inventory Turnover of 14.91 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 Razor Energy and its competitors. Razor Energy's current Inventory Turnover is 14.91. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Razor Energy stock overvalued right now?

Razor Energy (RZREF) has a current Inventory Turnover of 14.91. The current Inventory Turnover is 14.91. Razor Energy'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 Razor Energy (RZREF), the current Inventory Turnover is 14.91 as of Sep. 2023. 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.

Razor Energy Business Description

Industry Energy Oil & Gas

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Address 500-5th Avenue SW, Suite 800, Calgary, AB, CAN, T2P 3L5

Website https://www.razor-energy.com

Razor Energy Corp is a junior oil and gas development and production company. The company is focused on the acquisition and production of oil and gas properties in Alberta. It is involved in the production and development of light oil in Swan Hills Beaverhill Lake and Kaybob Triassic Montney formations.

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