Galp Energia SGPS (XLIS:GALP) Inventory Turnover : 3.18 (As of Dec. 2023)

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What is Galp Energia SGPS 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. Galp Energia SGPS's Cost of Goods Sold for the three months ended in Dec. 2023 was €4,608 Mil. Galp Energia SGPS's Average Total Inventories for the quarter that ended in Dec. 2023 was €1,450 Mil. Galp Energia SGPS's Inventory Turnover for the quarter that ended in Dec. 2023 was 3.18.

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-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 Inventory Turnover Historical Data

The historical data trend for Galp Energia SGPS'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.

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Galp Energia SGPS Inventory Turnover Chart

Galp Energia SGPS Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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13.68

12.77

16.64

20.41

12.67

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
Inventory Turnover	Get a 7-Day Free Trial															3.72	3.43	3.52	3.36	3.18

Galp Energia SGPS Inventory Turnover Calculation

Galp Energia SGPS's Inventory Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Inventory Turnover (A: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2023 )	/ (	(Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )
=	17791	/ (	(1362	+	1447)	/	2 )
=	17791	/	1404.5
=	12.67

Galp Energia SGPS's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

	Inventory Turnover (Q: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2023 )	/ (	(Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	4608	/ (	(1452	+	1447)	/	2 )
=	4608	/	1449.5
=	3.18

Galp Energia SGPS (XLIS:GALP) 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.

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

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.

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

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.

Galp Energia SGPS Inventory Turnover Related Terms

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Galp Energia SGPS (XLIS:GALP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Galp Energia SGPS SA (XLIS:GALP) » Definitions » Inventory Turnover

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Traded in Other Exchanges

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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