Primeline Energy Holdings (TSXV:PEH.H) Inventory Turnover : 14.67 (As of Dec. 2019)

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What is Primeline Energy Holdings 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. Primeline Energy Holdings's Cost of Goods Sold for the three months ended in Dec. 2019 was C$17.12 Mil. Primeline Energy Holdings's Average Total Inventories for the quarter that ended in Dec. 2019 was C$1.17 Mil. Primeline Energy Holdings's Inventory Turnover for the quarter that ended in Dec. 2019 was 14.67.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Primeline Energy Holdings's Days Inventory for the three months ended in Dec. 2019 was 6.22.

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. Primeline Energy Holdings's Inventory-to-Revenue for the quarter that ended in Dec. 2019 was 0.10.

Primeline Energy Holdings Inventory Turnover Historical Data

The historical data trend for Primeline Energy Holdings'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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Primeline Energy Holdings Inventory Turnover Chart

Primeline Energy Holdings Annual Data

Trend

Mar10

Mar11

Mar12

Mar13

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Inventory Turnover

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3.17

8.07

37.34

67.77

65.84

Primeline Energy Holdings Quarterly Data
	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19
Inventory Turnover	Get a 7-Day Free Trial															18.67	14.35	14.42	14.39	14.67

Primeline Energy Holdings Inventory Turnover Calculation

Primeline Energy Holdings's Inventory Turnover for the fiscal year that ended in Mar. 2019 is calculated as

	Inventory Turnover (A: Mar. 2019 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Mar. 2019 )	/ (	(Total Inventories (A: Mar. 2018 )	+	Total Inventories (A: Mar. 2019 ))	/	count )
=	89.869	/ (	(1.565	+	1.165)	/	2 )
=	89.869	/	1.365
=	65.84

Primeline Energy Holdings's Inventory Turnover for the quarter that ended in Dec. 2019 is calculated as

	Inventory Turnover (Q: Dec. 2019 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2019 )	/ (	(Total Inventories (Q: Sep. 2019 )	+	Total Inventories (Q: Dec. 2019 ))	/	count )
=	17.118	/ (	(1.159	+	1.174)	/	2 )
=	17.118	/	1.1665
=	14.67

Primeline Energy Holdings (TSXV:PEH.H) 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.

Primeline Energy Holdings's Days Inventory for the three months ended in Dec. 2019 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2019 )	/	Cost of Goods Sold (Q: Dec. 2019 )	*	Days in Period
	=	1.1665	/	17.118	*	365 / 4
	=	6.22

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.

Primeline Energy Holdings's Inventory to Revenue for the quarter that ended in Dec. 2019 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2019 )	/	Revenue (Q: Dec. 2019 )
	=	1.1665	/	11.238
	=	0.10

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.

Primeline Energy Holdings Inventory Turnover Related Terms

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Primeline Energy Holdings (TSXV:PEH.H) Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Primeline Energy Holdings Inc (TSXV:PEH.H) » Definitions » Inventory Turnover

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Address

88 Tai Tam Reservoir Road, Hong Kong Parkview, Hong Kong, HKG

Website

http://www.primelineenergy.com

Primeline Energy Holdings Inc is engaged in the exploration, development, and production of offshore oil and gas properties in the People's Republic of China. It owns a right in the East China Sea in relation to Petroleum Contract 25/34 and Petroleum Contract 33/07. The company derives revenue from Natural gas, CO2, Condensate, Light Oil and LPG.

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