Oil and Gas Exploration and Production AD (XBUL:NGAZ) Inventory Turnover : 3.30 (As of Dec. 2023)

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What is Oil and Gas Exploration and Production AD 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. Oil and Gas Exploration and Production AD's Cost of Goods Sold for the six months ended in Dec. 2023 was лв25.99 Mil. Oil and Gas Exploration and Production AD's Average Total Inventories for the quarter that ended in Dec. 2023 was лв7.88 Mil. Oil and Gas Exploration and Production AD's Inventory Turnover for the quarter that ended in Dec. 2023 was 3.30.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Oil and Gas Exploration and Production AD's Days Inventory for the six months ended in Dec. 2023 was 55.36.

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. Oil and Gas Exploration and Production AD's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.19.

Oil and Gas Exploration and Production AD Inventory Turnover Historical Data

The historical data trend for Oil and Gas Exploration and Production AD'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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Oil and Gas Exploration and Production AD Inventory Turnover Chart

Oil and Gas Exploration and Production AD Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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2.32

2.02

3.02

4.56

3.30

Oil and Gas Exploration and Production AD Semi-Annual Data
	Dec09	Dec10	Dec11	Dec12	Dec13	Dec14	Dec15	Dec16	Dec17	Dec18	Dec19	Dec20	Dec21	Dec22	Dec23
Inventory Turnover	Get a 7-Day Free Trial										2.32	2.02	3.02	4.56	3.30

Oil and Gas Exploration and Production AD Inventory Turnover Calculation

Oil and Gas Exploration and Production AD's Inventory Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Inventory Turnover (A: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2023 )	/ (	(Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )
=	25.99	/ (	(7.541	+	8.228)	/	2 )
=	25.99	/	7.8845
=	3.30

Oil and Gas Exploration and Production AD's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

	Inventory Turnover (Q: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2023 )	/ (	(Total Inventories (Q: Dec. 2022 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	25.99	/ (	(7.541	+	8.228)	/	2 )
=	25.99	/	7.8845
=	3.30

Oil and Gas Exploration and Production AD (XBUL:NGAZ) 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.

Oil and Gas Exploration and Production AD's Days Inventory for the six months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	7.8845	/	25.99	*	365 / 2
	=	55.36

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.

Oil and Gas Exploration and Production AD's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	7.8845	/	42.404
	=	0.19

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.

Oil and Gas Exploration and Production AD Inventory Turnover Related Terms

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Oil and Gas Exploration and Production AD Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Oil and Gas Exploration and Production AD (XBUL:NGAZ) » Definitions » Inventory Turnover

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Address

2, Stefan Karadja Street, Sofia, BGR, 1080

Website

http://www.ogep-bg.com

Oil and Gas Exploration and Production AD is engaged in prospecting, exploration, development and exploitation of oil and gas fields, as well as processing of crude oil. Some of the services provided by the company - design and conducting of 2D and 3D seismic data acquisition, geological and geophysical data processing and interpretation, mud logging, drilling of exploration and production wells for mineralized water and geothermal energy, well logging, among others.

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