Galp Energia SGPS (XLIS:GALP) Total Inventories : €1,447 Mil (As of Dec. 2023)

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What is Galp Energia SGPS Total Inventories?

Galp Energia SGPS's total inventories for the quarter that ended in Dec. 2023 was €1,447 Mil. Galp Energia SGPS's average total inventories from the quarter that ended in Sep. 2023 to the quarter that ended in Dec. 2023 was €1,450 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Galp Energia SGPS's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was €-10.43.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Galp Energia SGPS's Days Inventory for the three months ended in Dec. 2023 was 28.70.

Inventory Turnover measures how fast the company turns over its inventory within a year. Galp Energia SGPS's Inventory Turnover for the quarter that ended in Dec. 2023 was 3.18.

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. Galp Energia SGPS's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.28.

Galp Energia SGPS Total Inventories Historical Data

The historical data trend for Galp Energia SGPS'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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Galp Energia SGPS Total Inventories Chart

Galp Energia SGPS Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

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1,055.00

708.00

1,008.00

1,362.00

1,447.00

Galp Energia SGPS Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Total Inventories	Get a 7-Day Free Trial															1,362.00	1,238.00	1,194.00	1,452.00	1,447.00

Galp Energia SGPS 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.

Galp Energia SGPS (XLIS:GALP) 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.

Galp Energia SGPS'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)
=	(2366	+	0.75 * 1396	+	0.5 * 1447	-	11277
-	0	-	920)	/	773.083
=	-10.43

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

Galp Energia SGPS's Days Inventory for the three 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
	=	1449.5	/	4608	*	365 / 4
	=	28.70

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

Galp Energia SGPS'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 )
	=	4608	/	1449.5
	=	3.18

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.

Galp Energia SGPS'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 )
	=	1449.5	/	5218
	=	0.28

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.

Galp Energia SGPS Total Inventories Related Terms

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Galp Energia SGPS (XLIS:GALP) Business Description

Industry

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GLPEY:USA GLPEF:USA GALPu:UK 0B67:UK GZ5:Germany

Address

Rua Tomas da Fonseca, Torre A, Lisboa, PRT, 1600-209

Website

https://www.galp.com

Galp Energia SGPS SA is an integrated operator with business lines spanning from exploration and production to refining and marketing of oil products. Its operating segments include Upstream, Industrial and Midstream, Commercial and Renewables and New Businesses. The Upstream segment involves the management of all activities relating to the exploration, development, and production of hydrocarbons. The Industrial & Midstream segment operates the Sines industrial site in Portugal, which includes all current refining activities, The Commercial segment encompasses the area of retail to final B2B and B2C customers of oil, gas, electricity, and convenience. The Renewables & New businesses segment represents Galp's presence in the renewable and new energies space.

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