AP Oil International (SGX:5AU) Inventory Turnover : 2.56 (As of Dec. 2023)

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What is AP Oil International 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. AP Oil International's Cost of Goods Sold for the six months ended in Dec. 2023 was S$21.04 Mil. AP Oil International's Average Total Inventories for the quarter that ended in Dec. 2023 was S$8.23 Mil. AP Oil International's Inventory Turnover for the quarter that ended in Dec. 2023 was 2.56.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. AP Oil International's Days Inventory for the six months ended in Dec. 2023 was 71.36.

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. AP Oil International's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.32.

AP Oil International Inventory Turnover Historical Data

The historical data trend for AP Oil International'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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AP Oil International Inventory Turnover Chart

AP Oil International Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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8.48

6.00

5.43

5.92

4.57

AP Oil International Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															2.19	2.54	2.42	1.96	2.56

AP Oil International Inventory Turnover Calculation

AP Oil International'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 )
=	38.504	/ (	(9.117	+	7.733)	/	2 )
=	38.504	/	8.425
=	4.57

AP Oil International's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

	Inventory Turnover (Q: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2023 )	/ (	(Total Inventories (Q: Jun. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	21.037	/ (	(8.719	+	7.733)	/	2 )
=	21.037	/	8.226
=	2.56

AP Oil International (SGX:5AU) 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.

AP Oil International's Days Inventory for the six months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	8.226	/	21.037	*	365 / 2
	=	71.36

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.

AP Oil International's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	8.226	/	25.467
	=	0.32

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.

AP Oil International Inventory Turnover Related Terms

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AP Oil International (SGX:5AU) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » AP Oil International Ltd (SGX:5AU) » Definitions » Inventory Turnover

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Address

18 Pioneer Sector 1, Jurong, Singapore, SGP, 628428

Website

https://www.apoil.com.sg

AP Oil International Ltd is an investment holding company. The group operates its business through two main segments, namely Manufacturing and Trading. The manufacturing segment includes the manufacturing of a range of lubricating oil and specialty chemicals for industrial, automotive, and marine applications, as well as the provision of oil blending services and the rental of cleaning equipment to its customers. The trading segment trades in base oil and additives and specialty chemicals. Its geographical segments are Singapore, Southeast Asia, the Middle East, the Indian subcontinent, and Other regions.

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