Strathcona Resources (TSX:SCR) Inventory Turnover : 35.25 (As of Dec. 2024)

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What is Strathcona Resources 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. Strathcona Resources's Cost of Goods Sold for the three months ended in Dec. 2024 was C$1,463 Mil. Strathcona Resources's Average Total Inventories for the quarter that ended in Dec. 2024 was C$42 Mil. Strathcona Resources's Inventory Turnover for the quarter that ended in Dec. 2024 was 35.25.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Strathcona Resources's Days Inventory for the three months ended in Dec. 2024 was 2.59.

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. Strathcona Resources's Inventory-to-Revenue for the quarter that ended in Dec. 2024 was 0.03.

Strathcona Resources Inventory Turnover Historical Data

The historical data trend for Strathcona Resources'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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Strathcona Resources Inventory Turnover Chart

Strathcona Resources Annual Data

Trend

Dec22

Dec23

Dec24

Inventory Turnover

48.56

68.35

89.60

Strathcona Resources Quarterly Data
	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Inventory Turnover	Get a 7-Day Free Trial					31.09	17.09	19.50	22.15	35.25

Strathcona Resources Inventory Turnover Calculation

Strathcona Resources's Inventory Turnover for the fiscal year that ended in Dec. 2024 is calculated as

	Inventory Turnover (A: Dec. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2024 )	/ (	(Total Inventories (A: Dec. 2023 )	+	Total Inventories (A: Dec. 2024 ))	/	count )
=	4081.4	/ (	(43.3	+	47.8)	/	2 )
=	4081.4	/	45.55
=	89.60

Strathcona Resources's Inventory Turnover for the quarter that ended in Dec. 2024 is calculated as

	Inventory Turnover (Q: Dec. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2024 )	/ (	(Total Inventories (Q: Sep. 2024 )	+	Total Inventories (Q: Dec. 2024 ))	/	count )
=	1462.8	/ (	(35.2	+	47.8)	/	2 )
=	1462.8	/	41.5
=	35.25

Strathcona Resources (TSX:SCR) 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.

Strathcona Resources's Days Inventory for the three months ended in Dec. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2024 )	/	Cost of Goods Sold (Q: Dec. 2024 )	*	Days in Period
	=	41.5	/	1462.8	*	365 / 4
	=	2.59

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.

Strathcona Resources's Inventory to Revenue for the quarter that ended in Dec. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2024 )	/	Revenue (Q: Dec. 2024 )
	=	41.5	/	1308.4
	=	0.03

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.

Strathcona Resources Inventory Turnover Related Terms

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Strathcona Resources Business Description

Industry

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STHRF:USA YE2:Germany

Address

421-7th Avenue S.W, Suite 1900, Calgary, AB, CAN, T2P4K9

Website

https://www.strathconaresources.com

Strathcona Resources Ltd is an energy company, it is a consolidator and developer of oil and gas assets. It has three segments Cold Lake Thermal, which includes three producing assets in the Cold Lake region of Northern Alberta: Lindbergh, Orion, and Tucker; Lloydminster Heavy Oil which has multiple large oil-in-place reservoirs accessed through enhanced oil recovery techniques and thermal steam-assisted gravity drainage (SAGD), located in Southwest Saskatchewan; and Montney which includes assets in the Northwest Alberta Kakwa and Grande Prairie regions and the Northeast British Columbia Groundbirch region.