GeoPark (GeoPark) Inventory Turnover : 7.42 (As of Dec. 2023)

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What is GeoPark 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. GeoPark's Cost of Goods Sold for the three months ended in Dec. 2023 was $95.5 Mil. GeoPark's Average Total Inventories for the quarter that ended in Dec. 2023 was $12.9 Mil. GeoPark's Inventory Turnover for the quarter that ended in Dec. 2023 was 7.42.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. GeoPark's Days Inventory for the three months ended in Dec. 2023 was 12.30.

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. GeoPark's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.06.

GeoPark Inventory Turnover Historical Data

The historical data trend for GeoPark'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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GeoPark Inventory Turnover Chart

GeoPark Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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26.45

19.63

24.90

36.01

25.25

GeoPark 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															7.98	4.80	4.80	5.70	7.42

GeoPark Inventory Turnover Calculation

GeoPark'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 )
=	353.259	/ (	(14.434	+	13.552)	/	2 )
=	353.259	/	13.993
=	25.25

GeoPark'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 )
=	95.487	/ (	(12.181	+	13.552)	/	2 )
=	95.487	/	12.8665
=	7.42

GeoPark (NYSE:GPRK) 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.

GeoPark'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
	=	12.8665	/	95.487	*	365 / 4
	=	12.30

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.

GeoPark'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 )
	=	12.8665	/	199.063
	=	0.06

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.

GeoPark Inventory Turnover Related Terms

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GeoPark (GeoPark) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » GeoPark Ltd (NYSE:GPRK) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

G6O:Germany GPRK34:Brazil

Address

Calle 94 No 11 - 30, floors 8, 9, 10, Bogota, COL

Website

http://www.geo-park.com

GeoPark Ltd is a Latin American oil and gas exploration and production company with assets in Colombia, Ecuador, Chile, Brazil and Argentina. The company generates revenue from the sale of crude oil, condensate and natural gas net of value-added tax and discounts related to the sale and overriding royalties due to the ex-owners of oil and gas properties where the royalty arrangements represent a retained working interest in the property.

Executives

Manchester Financial Group, Lp	10 percent owner	ONE MARKET PLACE, 33RD FLOOR, SAN DIEGO CA 92101
Manchester Financial Group, Inc.	10 percent owner	101 ASH STREET, SUITE 1900, SAN DIEGO CA 92101