Ghana Oil Co (XGHA:GOIL) Total Inventories : GHS684 Mil (As of Dec. 2023)

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What is Ghana Oil Co Total Inventories?

Ghana Oil Co's total inventories for the quarter that ended in Dec. 2023 was GHS684 Mil. Ghana Oil Co's average total inventories from the quarter that ended in Dec. 2022 to the quarter that ended in Dec. 2023 was GHS788 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Ghana Oil Co's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was GHS-4.25.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Ghana Oil Co's Days Inventory for the six months ended in Dec. 2023 was 7.22.

Inventory Turnover measures how fast the company turns over its inventory within a year. Ghana Oil Co's Inventory Turnover for the quarter that ended in Dec. 2023 was 25.27.

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. Ghana Oil Co's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.04.

Ghana Oil Co Total Inventories Historical Data

The historical data trend for Ghana Oil Co's Total Inventories 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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Ghana Oil Co Total Inventories Chart

Ghana Oil Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

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102.00

169.32

195.21

890.65

684.37

Ghana Oil Co Semi-Annual Data
	Dec09	Dec10	Dec11	Dec12	Dec13	Dec14	Dec15	Dec16	Dec17	Dec18	Dec19	Dec20	Dec21	Dec22	Dec23
Total Inventories	Get a 7-Day Free Trial										102.00	169.32	195.21	890.65	684.37

Ghana Oil Co Total Inventories Calculation

Total Inventories includes the raw materials, work-in-process goods and completely finished goods of a company. It is a portion of a company's current assets.

Ghana Oil Co (XGHA:GOIL) Total Inventories Explanation

Inventory control is an important part of business operation. If a company does not have enough inventory, it may not be able to meet customers' required delivery time. If it has too much inventory, the cost of holding the inventory can be high.

1. In Ben Graham's calculation of Net-Net Working Capital (NNWC), inventory is only considered worth half of its book value.

Ghana Oil Co's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2023 is

	Net-Net Working Capital Per Share (Q: Dec. 2023 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(223.991	+	0.75 * 1261.08	+	0.5 * 684.366	-	3175.753
-	0	-	0)	/	391.863
=	-4.25

2. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Ghana Oil Co'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
	=	787.5055	/	19898.015	*	365 / 2
	=	7.22

3. Inventory Turnover measures how fast the company turns over its inventory within a year.

Ghana Oil Co's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Dec. 2023 )	/	Average Total Inventories (Q: Dec. 2023 )
	=	19898.015	/	787.5055
	=	25.27

4. 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.

Ghana Oil Co'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 )
	=	787.5055	/	20606.778
	=	0.04

Be Aware

Manufacturers with durable competitive advantages have the advantage that the products they sell do not change, and therefore will never become obsolete. Buffett likes this advantage.

When identifying manufacturers with durable competitive advantage, look for inventory and net earnings that rise correspondingly. This indicates that the company is finding profitable ways to increase sales which called for an increase in inventory.

Manufacturers with inventories that spike up and down are indicative of competitive industries subject to boom and bust.

Ghana Oil Co Total Inventories Related Terms

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Ghana Oil Co Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Ghana Oil Co Ltd (XGHA:GOIL) » Definitions » Total Inventories

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Address

Junction of Kojo Thompson and Adjaben Roads, Building No. D 659/4, P.O. Box GP 3183, Adabraka, Accra, GHA

Website

https://www.goil.com.gh

Ghana Oil Co Ltd (GOIL) is engaged in the marketing and distribution of petroleum products. Its objective is to market petroleum products and related products particularly fuels, liquefied petroleum gas (LPG), lubricants, bitumen, and specialty products in Ghana. The company is engaged in the business of marketing quality petroleum and other energy products and services in all its branches in a healthy, safe, environmentally friendly and socially responsible manner.

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