TransGlobe Energy (TransGlobe Energy) Inventory Turnover : 30.48 (As of Jun. 2022)

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What is TransGlobe 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. TransGlobe Energy's Cost of Goods Sold for the three months ended in Jun. 2022 was $22.1 Mil. TransGlobe Energy's Average Total Inventories for the quarter that ended in Jun. 2022 was $0.7 Mil. TransGlobe Energy's Inventory Turnover for the quarter that ended in Jun. 2022 was 30.48.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. TransGlobe Energy's Days Inventory for the three months ended in Jun. 2022 was 2.99.

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. TransGlobe Energy's Inventory-to-Revenue for the quarter that ended in Jun. 2022 was 0.01.

TransGlobe Energy Inventory Turnover Historical Data

The historical data trend for TransGlobe 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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TransGlobe Energy Inventory Turnover Chart

TransGlobe Energy Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Inventory Turnover

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12.56

8.69

17.13

14.53

40.59

TransGlobe Energy Quarterly Data
	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22
Inventory Turnover	Get a 7-Day Free Trial															3.83	10.50	-	27.75	30.48

TransGlobe Energy Inventory Turnover Calculation

TransGlobe Energy's Inventory Turnover for the fiscal year that ended in Dec. 2021 is calculated as

	Inventory Turnover (A: Dec. 2021 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2021 )	/ (	(Total Inventories (A: Dec. 2020 )	+	Total Inventories (A: Dec. 2021 ))	/	count )
=	236.537	/ (	(5.828	+	0)	/	1 )
=	236.537	/	5.828
=	40.59

TransGlobe Energy's Inventory Turnover for the quarter that ended in Jun. 2022 is calculated as

	Inventory Turnover (Q: Jun. 2022 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jun. 2022 )	/ (	(Total Inventories (Q: Mar. 2022 )	+	Total Inventories (Q: Jun. 2022 ))	/	count )
=	22.129	/ (	(0.726	+	0)	/	1 )
=	22.129	/	0.726
=	30.48

TransGlobe Energy (NAS:TGA) 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.

TransGlobe Energy's Days Inventory for the three months ended in Jun. 2022 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2022 )	/	Cost of Goods Sold (Q: Jun. 2022 )	*	Days in Period
	=	0.726	/	22.129	*	365 / 4
	=	2.99

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.

TransGlobe Energy's Inventory to Revenue for the quarter that ended in Jun. 2022 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2022 )	/	Revenue (Q: Jun. 2022 )
	=	0.726	/	74.691
	=	0.01

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.

TransGlobe Energy Inventory Turnover Related Terms

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TransGlobe Energy (TransGlobe Energy) Business Description

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Address

444 - 5th Street SW, Suit 900, Calgary, AB, CAN, T2P 2T8

Website

http://www.trans-globe.com

TransGlobe Energy Corp and its subsidiaries are engaged in oil and natural gas exploration, development and production, and the acquisition of oil and natural gas properties in Egypt and Alberta, Canada. The company has two reportable segments namely, the Arab Republic of Egypt and Canada. The company holds 100% working interests in four Production Sharing Concessions in Egypt, namely, West Gharib Concession, North West Gharib Concession, West Bakr Concession and South Ghazalat Concession.