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3R Petroleum Oleo E Gas (BSP:RRRP3) Inventory-to-Revenue : 0.44 (As of Mar. 2024)


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What is 3R Petroleum Oleo E Gas Inventory-to-Revenue?

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. 3R Petroleum Oleo E Gas's Average Total Inventories for the quarter that ended in Mar. 2024 was R$876 Mil. 3R Petroleum Oleo E Gas's Revenue for the three months ended in Mar. 2024 was R$2,008 Mil. 3R Petroleum Oleo E Gas's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.44.

3R Petroleum Oleo E Gas's Inventory-to-Revenue for the quarter that ended in Mar. 2024 increased from Dec. 2023 (0.40) to Dec. 2023 (0.44)

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.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. 3R Petroleum Oleo E Gas's Days Inventory for the three months ended in Mar. 2024 was 58.94.

Inventory Turnover measures how fast the company turns over its inventory within a year. 3R Petroleum Oleo E Gas's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.55.


3R Petroleum Oleo E Gas Inventory-to-Revenue Historical Data

The historical data trend for 3R Petroleum Oleo E Gas'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.

* Premium members only.

3R Petroleum Oleo E Gas Inventory-to-Revenue Chart

3R Petroleum Oleo E Gas Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Inventory-to-Revenue
Get a 7-Day Free Trial - 0.02 0.02 0.06 0.09

3R Petroleum Oleo E Gas Quarterly Data
Dec17 Dec18 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Inventory-to-Revenue Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.34 0.53 0.28 0.40 0.44

Competitive Comparison of 3R Petroleum Oleo E Gas's Inventory-to-Revenue

For the Oil & Gas E&P subindustry, 3R Petroleum Oleo E Gas'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.


3R Petroleum Oleo E Gas's Inventory-to-Revenue Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, 3R Petroleum Oleo E Gas's Inventory-to-Revenue distribution charts can be found below:

* The bar in red indicates where 3R Petroleum Oleo E Gas's Inventory-to-Revenue falls into.



3R Petroleum Oleo E Gas 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.

3R Petroleum Oleo E Gas's Inventory-to-Revenue for the fiscal year that ended in Dec. 2023 is calculated as

Inventory-to-Revenue (A: Dec. 2023 )
=Average Total Inventories / Revenue
=( (Total Inventories (A: Dec. 2022 ) + Total Inventories (A: Dec. 2023 )) / count ) / Revenue (A: Dec. 2023 )
=( (187.472 + 814.819) / 2 ) / 5619.989
=501.1455 / 5619.989
=0.09

3R Petroleum Oleo E Gas's Inventory-to-Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue (Q: Mar. 2024 )
=Average Total Inventories / Revenue
=( (Total Inventories (Q: Dec. 2023 ) + Total Inventories (Q: Mar. 2024 )) / count ) / Revenue (Q: Mar. 2024 )
=( (814.819 + 937.56) / 2 ) / 2007.601
=876.1895 / 2007.601
=0.44

* 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.


3R Petroleum Oleo E Gas  (BSP:RRRP3) 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.

3R Petroleum Oleo E Gas's Days Inventory for the three months ended in Mar. 2024 is calculated as:

Days Inventory=Average Total Inventories (Q: Mar. 2024 )/Cost of Goods Sold (Q: Mar. 2024 )*Days in Period
=876.1895/1356.479*365 / 4
=58.94

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

3R Petroleum Oleo E Gas's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

Inventory Turnover=Cost of Goods Sold (Q: Mar. 2024 ) / Average Total Inventories (Q: Mar. 2024 )
=1356.479 / 876.1895
=1.55

* 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.


3R Petroleum Oleo E Gas Inventory-to-Revenue Related Terms

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3R Petroleum Oleo E Gas (BSP:RRRP3) Business Description

Traded in Other Exchanges
N/A
Address
Rua Visconde de Ouro Preto, number 5, Sala 601, Botafogo, Rio de Janeiro, RJ, BRA
3R Petroleum Oleo E Gas SA is engaged in the oil and gas sector with a focus on redevelopment of mature production fields located on land. Its purpose is to explore, produce, and sell oil and its derivatives, natural gas, and other fluid hydrocarbons.

3R Petroleum Oleo E Gas (BSP:RRRP3) Headlines

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