HighPeak Energy (STU:58R) Inventory Turnover : 19.07 (As of Mar. 2024)

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What is HighPeak 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. HighPeak Energy's Cost of Goods Sold for the three months ended in Mar. 2024 was €161 Mil. HighPeak Energy's Average Total Inventories for the quarter that ended in Mar. 2024 was €8 Mil. HighPeak Energy's Inventory Turnover for the quarter that ended in Mar. 2024 was 19.07.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. HighPeak Energy's Days Inventory for the three months ended in Mar. 2024 was 4.79.

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. HighPeak Energy's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.03.

HighPeak Energy Inventory Turnover Historical Data

The historical data trend for HighPeak 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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HighPeak Energy Inventory Turnover Chart

HighPeak Energy Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

43.86

59.14

34.91

60.06

HighPeak Energy Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial														8.66	11.23	14.56	16.25	19.07

HighPeak Energy Inventory Turnover Calculation

HighPeak Energy'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 )
=	576.113	/ (	(12.532	+	6.652)	/	2 )
=	576.113	/	9.592
=	60.06

HighPeak Energy's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

	Inventory Turnover (Q: Mar. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2024 )	/ (	(Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )
=	161.481	/ (	(6.652	+	10.285)	/	2 )
=	161.481	/	8.4685
=	19.07

HighPeak Energy (STU:58R) 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.

HighPeak Energy's Days Inventory for the three months ended in Mar. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2024 )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
	=	8.4685	/	161.481	*	365 / 4
	=	4.79

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.

HighPeak Energy's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	8.4685	/	264.743
	=	0.03

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.

HighPeak Energy Inventory Turnover Related Terms

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HighPeak Energy (STU:58R) Business Description

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HPK:USA

Address

421 W. 3rd Street, Suite 1000, Fort Worth, TX, USA, 76102

Website

https://www.highpeakenergy.com

HighPeak Energy Inc is an independent oil and natural gas company focused on the development of unconventional oil and natural gas reserves in primarily Howard County of the Midland Basin. The company operates in a single segment, which is oil and natural gas development, exploration, and production.

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