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. Avance Gas Holding's Average Total Inventories for the quarter that ended in Dec. 2023 was kr100 Mil. Avance Gas Holding's Revenue for the
three
months ended in Dec. 2023 was kr1,173 Mil.
Avance Gas Holding's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.09.
Avance Gas Holding's Inventory-to-Revenue for the quarter that ended in Dec. 2023
declined
from Sep. 2023 (0.11) to Sep. 2023 (0.09)
A decrease in the Inventory-to-Revenue from one quarter to next indicates that one of these is occurring:
1. investment in inventory is shrinking in relation to revenue
2. revenue are increasing
No matter which situation is causing the reduction in the Inventory-to-Revenue, either one suggests that business's inventory levels and its cash flow are effectively managed.
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Avance Gas Holding's Days Inventory for the
three
months ended in Dec. 2023 was 18.53.
Inventory Turnover measures how fast the company turns over its inventory within a year.
Avance Gas Holding's Inventory Turnover for the quarter that ended in Dec. 2023 was 4.92.
Avance Gas Holding Inventory-to-Revenue Historical Data
The historical data trend for Avance Gas Holding's Inventory-to-Revenue 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.
Competitive Comparison of Avance Gas Holding's Inventory-to-Revenue
For the Oil & Gas Midstream subindustry, Avance Gas Holding's Inventory-to-Revenue, along with its competitors' market caps and Inventory-to-Revenue data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Avance Gas Holding's Inventory-to-Revenue Distribution in the Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Avance Gas Holding's Inventory-to-Revenue distribution charts can be found below:
* The bar in red indicates where Avance Gas Holding's Inventory-to-Revenue falls into.
Avance Gas Holding Inventory-to-Revenue Calculation
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.
Avance Gas Holding's Inventory-to-Revenue for the fiscal year that ended in Dec. 2023 is calculated as
* 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.
Avance Gas Holding (CHIX:AGASo) Inventory-to-Revenue Explanation
An increase in Inventory-to-Revenue from one quarter to the next indicates that one of the following is happening:
1. investment in inventory is growing more rapidly than revenue
2. revenue are dropping
No matter which situation is causing the problem, an increase in the Inventory-to-Revenue may signal an oncoming cash flow problem.
Likewise, a decrease in the Inventory-to-Revenue from one quarter to next indicates that one of these is occurring:
1. investment in inventory is shrinking in relation to revenue
2. revenue are increasing
No matter which situation is causing the reduction in the Inventory-to-Revenue, either one suggests that business's inventory levels and its cash flow are effectively managed.
More Related Terms:
1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Avance Gas Holding's Days Inventory for the
three
months ended in Dec. 2023 is calculated as:
* 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.
Avance Gas Holding Inventory-to-Revenue Related Terms
Thank you for viewing the detailed overview of Avance Gas Holding's Inventory-to-Revenue provided by GuruFocus.com. Please click on the following links to see related term pages.
Avance Gas Holding (CHIX:AGASO) Business Description
Avance Gas Holding Ltd is engaged in the transportation of liquefied petroleum gas (LPG). It owns and operates very large gas carriers (VLGCs) providing transportation services to oil majors and traders of LPG on a global basis. It operates a fleet of vessels providing customers with global transportation services through the combination of the contract of affreightments and spot market voyages. The company transports liquefied petroleum to destinations in Europe, South America, India, and Asia, mainly loading the Middle East Gulf and the United States Gulf/United States East Coast. The company operates in a single segment that is liquefied petroleum gas.
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