Petrogress (Petrogress) Change In Inventory : $0.83 Mil (TTM As of Dec. 2021)

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What is Petrogress Change In Inventory?

Petrogress's change in inventory for the quarter that ended in Dec. 2021 was $0.20 Mil. It means Petrogress's inventory declined by $0.20 Mil from Sep. 2021 to Dec. 2021 .

Petrogress's change in inventory for the fiscal year that ended in Dec. 2021 was $0.83 Mil. It means Petrogress's inventory declined by $0.83 Mil from Dec. 2020 to Dec. 2021 .

Petrogress's Total Inventories for the quarter that ended in Dec. 2021 was $0.07 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Petrogress's Days Inventory for the quarter that ended in Dec. 2021 was 31.40.

Inventory Turnover measures how fast the company turns over its inventory within a year. Petrogress's Inventory Turnover for the quarter that ended in Dec. 2021 was 2.91.

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.

Petrogress Change In Inventory Historical Data

The historical data trend for Petrogress's Change In Inventory 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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Petrogress Change In Inventory Chart

Petrogress Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Change In Inventory

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-0.17

-0.25

-0.79

0.30

0.83

Petrogress Quarterly Data
	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21
Change In Inventory	Get a 7-Day Free Trial															0.52	0.22	-0.33	0.75	0.20

Petrogress Change In Inventory Calculation

Change In Inventory is the difference between last period's ending inventory and the current period's ending inventory.

Change In Inventory for the trailing twelve months (TTM) ended in Dec. 2021 adds up the quarterly data reported by the company within the most recent 12 months, which was $0.83 Mil.

Petrogress (OTCPK:PGAS) Change In Inventory Explanation

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

Petrogress's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	0.17	/	0.494	*	365 / 4
	=	31.40

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

Petrogress's Inventory Turnover for the quarter that ended in Dec. 2021 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	0.494	/	0.17
	=	2.91

3. 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.

Petrogress's Inventory to Revenue for the quarter that ended in Dec. 2021 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0.17	/	-0.039
	=	N/A

Petrogress Change In Inventory Related Terms

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Petrogress (Petrogress) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Petrogress Inc (OTCPK:PGAS) » Definitions » Change In Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

c/o: 1, Akti Xaveriou, 5th Floor, Piraeus, GRC, 18538

Website

https://www.petrogressinc.com

Petrogress Inc is an integrated energy company. It operates through its subsidiaries. The company has two segments: The downstream segment comprises refining crude oil into petroleum products, marketing of crude oil and refined products; marine transportation, marketing, and retailing of Gas Oil, Naphtha, Fuels, and lubricants; and the Midstream segment. The company's products and services include Crude Oil, Gas Oil, Naphtha, IFO, Lubricants, and Ships voyages. The majority of the company's revenue is generated from Crude oil sales.

Executives

Christos P Traios	director, 10 percent owner, officer: President, CEO and CFO	10, SP. TRIKOUPI STREET, PIRAEUS J3 18538
Demetrios Z. Pierides	director	4, ZENO KITIEFS STREET, LARNACA A7 6023
Barry S Hollander	officer: Chief Financial Officer	319 CLEMATIS ST, SUITE 812, WEST PALM BEACH FL 33401
Barry Michael Friedman	director, 10 percent owner, officer: President	319 CLEMATIS STREET, SUITE 1008, WEST PALM BEACH FL 33401