Block Energy (STU:BE9) Inventory Turnover : 0.51 (As of Jun. 2024)

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What is Block Energy 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. Block Energy's Cost of Goods Sold for the six months ended in Jun. 2024 was €2.07 Mil. Block Energy's Average Total Inventories for the quarter that ended in Jun. 2024 was €4.06 Mil. Block Energy's Inventory Turnover for the quarter that ended in Jun. 2024 was 0.51.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Block Energy's Days Inventory for the six months ended in Jun. 2024 was 357.65.

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. Block Energy's Inventory-to-Revenue for the quarter that ended in Jun. 2024 was 1.19.

Block Energy Inventory Turnover Historical Data

The historical data trend for Block Energy'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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Block Energy Inventory Turnover Chart

Block Energy Annual Data

Trend

Jun16

Jun17

Jun18

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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0.98

1.34

1.40

1.31

1.12

Block Energy Semi-Annual Data
	Jun16	Jun17	Dec17	Jun18	Dec18	Jun19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Inventory Turnover	Get a 7-Day Free Trial										0.45	0.75	0.60	0.54	0.51

Block Energy Inventory Turnover Calculation

Block Energy'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 )
=	4.769	/ (	(4.523	+	4.014)	/	2 )
=	4.769	/	4.2685
=	1.12

Block Energy'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 )
=	2.073	/ (	(4.014	+	4.111)	/	2 )
=	2.073	/	4.0625
=	0.51

Block Energy (STU:BE9) 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.

Block Energy'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
	=	4.0625	/	2.073	*	365 / 2
	=	357.65

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.

Block Energy'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 )
	=	4.0625	/	3.428
	=	1.19

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.

Block Energy Inventory Turnover Related Terms

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Block Energy Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Block Energy PLC (STU:BE9) » Definitions » Inventory Turnover

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BLOE:UK

Address

25 Eccleston Place, Eccleston Yards, London, GBR, SW1W 9NF

Website

https://www.blockenergy.co.uk

Block Energy PLC is an oil exploration, development, and production company whose main country of operation is the Republic of Georgia. Its segments include Oil extraction in Georgia and the Corporate function. The company has interests in the Norio oil field, Satskhenisi, and West Rustavi field.

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