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Ratio Petroleum Energy LP (XTAE:RTPT) Inventory Turnover : 0.00 (As of Jun. 2023)


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What is Ratio Petroleum Energy LP 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. Ratio Petroleum Energy LP's Cost of Goods Sold for the six months ended in Jun. 2023 was ₪0.50 Mil. Ratio Petroleum Energy LP's Average Total Inventories for the quarter that ended in Jun. 2023 was ₪0.00 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Ratio Petroleum Energy LP's Days Inventory for the six months ended in Jun. 2023 was 0.00.

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.

Ratio Petroleum Energy LP Inventory Turnover Historical Data

The historical data trend for Ratio Petroleum Energy LP'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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Ratio Petroleum Energy LP Inventory Turnover Chart

Ratio Petroleum Energy LP Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Inventory Turnover
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Ratio Petroleum Energy LP Semi-Annual Data
Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23
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Ratio Petroleum Energy LP Inventory Turnover Calculation

Ratio Petroleum Energy LP's Inventory Turnover for the fiscal year that ended in Dec. 2022 is calculated as

Inventory Turnover (A: Dec. 2022 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (A: Dec. 2022 ) / ((Total Inventories (A: Dec. 2021 ) + Total Inventories (A: Dec. 2022 )) / count )
=1.929 / ((0 + 0) / 1 )
=1.929 / 0
=N/A

Ratio Petroleum Energy LP's Inventory Turnover for the quarter that ended in Jun. 2023 is calculated as

Inventory Turnover (Q: Jun. 2023 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (Q: Jun. 2023 ) / ((Total Inventories (Q: Dec. 2022 ) + Total Inventories (Q: Jun. 2023 )) / count )
=0.496 / ((0 + 0) / 1 )
=0.496 / 0
=N/A

* 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.

Ratio Petroleum Energy LP  (XTAE:RTPT) 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.

Ratio Petroleum Energy LP's Days Inventory for the six months ended in Jun. 2023 is calculated as:

Days Inventory =Average Total Inventories (Q: Jun. 2023 )/Cost of Goods Sold (Q: Jun. 2023 )*Days in Period
=0/0.496*365 / 2
=0.00

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.

Ratio Petroleum Energy LP's Inventory to Revenue for the quarter that ended in Jun. 2023 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Jun. 2023 ) / Revenue (Q: Jun. 2023 )
=0 / 0
=

* 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.

Ratio Petroleum Energy LP Inventory Turnover Related Terms

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Ratio Petroleum Energy LP (XTAE:RTPT) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Ratio Petroleum Energy LP (XTAE:RTPT) » Definitions » Inventory Turnover
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XTAE:ISOP XTAE:PTX XTAE:GLEN-M XTAE:GIVO COP HKSE:00883 EOG TSX:CNQ PXD OXY MIC:NVTK HES ASX:WDS DVN FANG CTRA BKK:PTTEP TSE:1605 TSX:TOU OSL:AKRBP
Traded in Other Exchanges
N/A
Address
85 Yehuda Halevy, Tel Aviv, ISR, 6579614
Website
https://www.ratiopetroleum.com
Ratio Petroleum Energy LP is engaged in the exploration, development, and production of oil and gas around the world. It holds petroleum rights in four different basins around the world in Guyana-Suriname, Ireland, and the Philippines.

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