Meren Energy (TSX:MER) Inventory Turnover: 0.81 (As of Mar. 2026)

What is Meren Energy Inventory Turnover?

Meren Energy TSX:MER +3.54% 34 Inventory Turnover is 0.81 as of Mar. 2026. GuruFocus rates TSX:MER with a GF Score™ of 34/100. The stock has 5 warning signs investors should review.

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. Meren Energy's Cost of Goods Sold for the three months ended in Mar. 2026 was C$107.0 Mil. Meren Energy's Average Total Inventories for the quarter that ended in Mar. 2026 was C$132.8 Mil. Meren Energy's Inventory Turnover for the quarter that ended in Mar. 2026 was 0.81.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Meren Energy's Days Inventory for the three months ended in Mar. 2026 was 113.19.

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. Meren Energy's Inventory-to-Revenue for the quarter that ended in Mar. 2026 was 0.85.

Meren Energy (TSX:MER) 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.

Meren Energy's Days Inventory for the three months ended in Mar. 2026 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2026 )	/	Cost of Goods Sold (Q: Mar. 2026 )	*	Days in Period
	=	132.7515	/	107.016	*	365 / 4
	=	113.19

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.

Meren Energy's Inventory to Revenue for the quarter that ended in Mar. 2026 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2026 )	/	Revenue (Q: Mar. 2026 )
	=	132.7515	/	156.82
	=	0.85

* 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.

Meren Energy Inventory Turnover Related Terms

Meren Energy Inventory Turnover Historical Data

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

Meren Energy Inventory Turnover Chart

Meren Energy Annual Data

Trend

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Dec25

Inventory Turnover

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0.00

5.58

Meren Energy Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25	Jun25	Sep25	Dec25	Mar26
Inventory Turnover	Get a 7-Day Free Trial															0.67	0.24	1.70	2.94	0.81

34GF Score

Meren Energy Inc TSX:MER

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Meren Energy Inventory Turnover Calculation

Meren Energy's Inventory Turnover for the fiscal year that ended in Dec. 2025 is calculated as

	Inventory Turnover (A: Dec. 2025 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2025 )	/ (	(Total Inventories (A: Dec. 2024 )	+	Total Inventories (A: Dec. 2025 ))	/	count )
=	725.755	/ (	(0	+	129.949)	/	1 )
=	725.755	/	129.949
=	5.58

Meren Energy's Inventory Turnover for the quarter that ended in Mar. 2026 is calculated as

	Inventory Turnover (Q: Mar. 2026 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2026 )	/ (	(Total Inventories (Q: Dec. 2025 )	+	Total Inventories (Q: Mar. 2026 ))	/	count )
=	107.016	/ (	(129.949	+	135.554)	/	2 )
=	107.016	/	132.7515
=	0.81

Frequently Asked Questions Learn more about Inventory Turnover →

What does a Inventory Turnover of 0.81 mean?

Meren Energy (TSX:MER) has a Inventory Turnover of 0.81 as of Mar. 2026. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Meren Energy and its competitors.

Is Meren Energy's Inventory Turnover too high?

Meren Energy's current Inventory Turnover is 0.81. Overall, Meren Energy has a GF Score™ of 34/100, reflecting its overall financial health beyond just this single metric.

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

Meren Energy's Inventory Turnover of 0.81 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 Meren Energy and its competitors. Meren Energy's current Inventory Turnover is 0.81. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Meren Energy stock overvalued right now?

Meren Energy (TSX:MER) has a current Inventory Turnover of 0.81. The current Inventory Turnover is 0.81. Meren Energy's overall GF Score™ is 34/100 with 5 warning signs to review. 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 Meren Energy (TSX:MER), the current Inventory Turnover is 0.81 as of Mar. 2026. 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.

Meren Energy Business Description

Industry Energy Oil & Gas

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Other Exchanges MRNFF:USA MER:Sweden MERs:UK 0QVL:UK AFZ0:Germany

Address 666 Burrard Street, Suite 2500, 25th Floor, Vancouver, BC, CAN, V6C 2X8

Website https://www.mereninc.com

Meren Energy Inc is an Independent upstream oil and gas company with interests offshore Nigeria, Namibia, South Africa, and Equatorial Guinea. The development assets of the company are in deepwater Nigeria operated by Majors. The Company holds a forward position in the Orange Basin, including its interest in the Venus light oil project, offshore Namibia, and its direct interest in Block 3B/4B, offshore South Africa.

34GF Score

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