Enwell Energy (LSE:ENW) Inventory Turnover : 4.39 (As of Jun. 2023)

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What is Enwell Energy 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. Enwell Energy's Cost of Goods Sold for the six months ended in Jun. 2023 was £10.75 Mil. Enwell Energy's Average Total Inventories for the quarter that ended in Jun. 2023 was £2.45 Mil. Enwell Energy's Inventory Turnover for the quarter that ended in Jun. 2023 was 4.39.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Enwell Energy's Days Inventory for the six months ended in Jun. 2023 was 41.58.

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. Enwell Energy's Inventory-to-Revenue for the quarter that ended in Jun. 2023 was 0.09.

Enwell Energy Inventory Turnover Historical Data

The historical data trend for Enwell Energy'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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Enwell Energy Inventory Turnover Chart

Enwell Energy Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Inventory Turnover

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21.82

10.01

9.73

28.00

18.75

Enwell Energy Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Inventory Turnover	Get a 7-Day Free Trial															11.76	16.11	12.47	7.60	4.39

Enwell Energy Inventory Turnover Calculation

Enwell Energy's Inventory Turnover for the fiscal year that ended in Dec. 2022 is calculated as

	Inventory Turnover (A: Dec. 2022 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2022 )	/ (	(Total Inventories (A: Dec. 2021 )	+	Total Inventories (A: Dec. 2022 ))	/	count )
=	38.962	/ (	(1.4	+	2.757)	/	2 )
=	38.962	/	2.0785
=	18.75

Enwell Energy's Inventory Turnover for the quarter that ended in Jun. 2023 is calculated as

	Inventory Turnover (Q: Jun. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jun. 2023 )	/ (	(Total Inventories (Q: Dec. 2022 )	+	Total Inventories (Q: Jun. 2023 ))	/	count )
=	10.753	/ (	(2.757	+	2.143)	/	2 )
=	10.753	/	2.45
=	4.39

Enwell Energy (LSE:ENW) 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.

Enwell Energy's Days Inventory for the six months ended in Jun. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2023 )	/	Cost of Goods Sold (Q: Jun. 2023 )	*	Days in Period
	=	2.45	/	10.753	*	365 / 2
	=	41.58

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.

Enwell Energy's Inventory to Revenue for the quarter that ended in Jun. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2023 )	/	Revenue (Q: Jun. 2023 )
	=	2.45	/	26.245
	=	0.09

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.

Enwell Energy Inventory Turnover Related Terms

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Enwell Energy (LSE:ENW) Business Description

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ENW:UK RHN:Germany

Address

16 Old Queen Street, London, GBR, SW1H 9HP

Website

https://www.enwell-energy.com

Enwell Energy PLC is an independent oil and gas company. The company's principal activity is oil and gas exploration, development and production. They have four fields in appraisal, development and production which are three fields in Poltava region and one in Kharkiv region. Business operations of the company are mainly functioned through Ukraine, and the United Kingdom. The majority of its revenue is derived from gas sales and geographically from Ukraine. The Company's gas, condensate and LPG extraction and production facilities are located in Ukraine.

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