LNG Energy Group (TSXV:LNGE) Inventory Turnover : 0.82 (As of Sep. 2024)

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What is LNG Energy Group 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. LNG Energy Group's Cost of Goods Sold for the three months ended in Sep. 2024 was C$8.24 Mil. LNG Energy Group's Average Total Inventories for the quarter that ended in Sep. 2024 was C$10.06 Mil. LNG Energy Group's Inventory Turnover for the quarter that ended in Sep. 2024 was 0.82.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. LNG Energy Group's Days Inventory for the three months ended in Sep. 2024 was 111.30.

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. LNG Energy Group's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 0.73.

LNG Energy Group Inventory Turnover Historical Data

The historical data trend for LNG Energy Group'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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LNG Energy Group Inventory Turnover Chart

LNG Energy Group Annual Data

Trend

May22

May23

Inventory Turnover

LNG Energy Group Quarterly Data
	May22	Aug22	Dec22	Mar23	Jul23	Dec23	Mar24	Sep24
Inventory Turnover	Get a 7-Day Free Trial			-	-	1.09	0.97	0.82

LNG Energy Group Inventory Turnover Calculation

LNG Energy Group's Inventory Turnover for the fiscal year that ended in May. 2023 is calculated as

	Inventory Turnover (A: May. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: May. 2023 )	/ (	(Total Inventories (A: May. 2022 )	+	Total Inventories (A: May. 2023 ))	/	count )
=	0.001	/ (	(0	+	0)	/	1 )
=	0.001	/	0
=	N/A

LNG Energy Group's Inventory Turnover for the quarter that ended in Sep. 2024 is calculated as

	Inventory Turnover (Q: Sep. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2024 )	/ (	(Total Inventories (Q: Mar. 2024 )	+	Total Inventories (Q: Sep. 2024 ))	/	count )
=	8.244	/ (	(10.29	+	9.821)	/	2 )
=	8.244	/	10.0555
=	0.82

LNG Energy Group (TSXV:LNGE) 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.

LNG Energy Group's Days Inventory for the three months ended in Sep. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2024 )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
	=	10.0555	/	8.244	*	365 / 4
	=	111.30

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.

LNG Energy Group's Inventory to Revenue for the quarter that ended in Sep. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2024 )	/	Revenue (Q: Sep. 2024 )
	=	10.0555	/	13.749
	=	0.73

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.

LNG Energy Group Inventory Turnover Related Terms

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LNG Energy Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » LNG Energy Group Corp (TSXV:LNGE) » Definitions » Inventory Turnover

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Traded in Other Exchanges

E26:Germany

Address

40 Temperance Street, Suite 3200, Bay Adelaide Centre - North Tower, Toronto, ON, CAN, M5H 0B4

Website

https://www.lngenergygroup.com

LNG Energy Group Corp is a production, exploration and development company focused on natural gas projects in South America. LNG Energy has entered into a binding agreement with respect to the purchase of 100% of LEC and will own and operate the SSJN-1 Block, the SSJN-3-1 Block, the Perdices Block, the VIM-41 Block, and the VIM-42 Block. The company's business objective is to build a diversified energy company in South America and is currently focused on Colombia.

Executives

Michael Galego	Director, Senior Officer
Pablo Navarro	Director, Senior Officer

LNG Energy Group Headlines

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