Zenith Energy (Zenith Energy) Inventory Turnover : 0.15 (As of Sep. 2023)

View and export this data going back to 2013. Start your Free Trial

What is Zenith Energy 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. Zenith Energy's Cost of Goods Sold for the six months ended in Sep. 2023 was $0.72 Mil. Zenith Energy's Average Total Inventories for the quarter that ended in Sep. 2023 was $4.78 Mil. Zenith Energy's Inventory Turnover for the quarter that ended in Sep. 2023 was 0.15.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Zenith Energy's Days Inventory for the six months ended in Sep. 2023 was 1,213.70.

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. Zenith Energy's Inventory-to-Revenue for the quarter that ended in Sep. 2023 was 4.74.

Zenith Energy Inventory Turnover Historical Data

The historical data trend for Zenith Energy'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.

* Premium members only.

Zenith Energy Inventory Turnover Chart

Zenith Energy Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Inventory Turnover

Get a 7-Day Free Trial

5.62

6.68

1.44

0.80

1.35

Zenith Energy Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Inventory Turnover	Get a 7-Day Free Trial															1.17	0.40	0.58	0.76	0.15

Zenith Energy Inventory Turnover Calculation

Zenith Energy's Inventory Turnover for the fiscal year that ended in Mar. 2023 is calculated as

	Inventory Turnover (A: Mar. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Mar. 2023 )	/ (	(Total Inventories (A: Mar. 2022 )	+	Total Inventories (A: Mar. 2023 ))	/	count )
=	7.672	/ (	(6.671	+	4.712)	/	2 )
=	7.672	/	5.6915
=	1.35

Zenith Energy's Inventory Turnover for the quarter that ended in Sep. 2023 is calculated as

	Inventory Turnover (Q: Sep. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2023 )	/ (	(Total Inventories (Q: Mar. 2023 )	+	Total Inventories (Q: Sep. 2023 ))	/	count )
=	0.718	/ (	(4.712	+	4.838)	/	2 )
=	0.718	/	4.775
=	0.15

Zenith Energy (OTCPK:ZENAF) 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.

Zenith Energy's Days Inventory for the six months ended in Sep. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2023 )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
	=	4.775	/	0.718	*	365 / 2
	=	1,213.70

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.

Zenith Energy's Inventory to Revenue for the quarter that ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2023 )	/	Revenue (Q: Sep. 2023 )
	=	4.775	/	1.007
	=	4.74

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.

Zenith Energy Inventory Turnover Related Terms

Thank you for viewing the detailed overview of Zenith Energy's Inventory Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Zenith Energy (Zenith Energy) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Zenith Energy Ltd (OTCPK:ZENAF) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

ZENA:Norway ZEN:UK ZCL:Germany

Address

421 - 7th Avenue SW, Suite 4000, Calgary, AB, CAN, T2P 4K9

Website

https://www.zenithenergy.ca

Zenith Energy Ltd is an international independent oil and gas company with production, exploration and development assets in the Republic of the Congo, Italy and Tunisia. The company's strategic focus is the development of proven revenue generating oil production assets, as well as low-risk exploration activities in assets with existing production.

Zenith Energy (Zenith Energy) Headlines

From GuruFocus

Update on United States Portfolio

By ACCESSWIRE • 01-18-2024

ICC Arbitral Tribunal Awards Costs

By ACCESSWIRE • 11-29-2023

Zenith Energy Ltd. Publication of Half-Year Results

By ACCESSWIRE • 12-29-2023

New Kazakhstan Subsidiary and Pre-contract Terms

By ACCESSWIRE • 11-30-2023

ZENITH ENERGY LTD.: Acquisition of Devonian Petroleum Limited

By ACCESSWIRE • 12-20-2023

ICC Arbitration Proceedings Against ETAP

By ACCESSWIRE • 11-01-2023

MoU - South Sudan

By ACCESSWIRE • 11-28-2023

ICC Arbitration for SLK against Tunisia

By ACCESSWIRE • 12-06-2023