Perdana Petroleum Bhd (XKLS:7108) Inventory Turnover : 21.97 (As of Mar. 2024)

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What is Perdana Petroleum Bhd 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. Perdana Petroleum Bhd's Cost of Goods Sold for the three months ended in Mar. 2024 was RM73.7 Mil. Perdana Petroleum Bhd's Average Total Inventories for the quarter that ended in Mar. 2024 was RM3.4 Mil. Perdana Petroleum Bhd's Inventory Turnover for the quarter that ended in Mar. 2024 was 21.97.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Perdana Petroleum Bhd's Days Inventory for the three months ended in Mar. 2024 was 4.15.

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. Perdana Petroleum Bhd's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.03.

Perdana Petroleum Bhd Inventory Turnover Historical Data

The historical data trend for Perdana Petroleum Bhd'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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Perdana Petroleum Bhd Inventory Turnover Chart

Perdana Petroleum Bhd Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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104.15

99.82

62.98

42.34

62.08

Perdana Petroleum Bhd Quarterly Data
	Jun19	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															6.65	6.13	8.86	11.74	21.97

Perdana Petroleum Bhd Inventory Turnover Calculation

Perdana Petroleum Bhd'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 )
=	220.274	/ (	(2.823	+	4.273)	/	2 )
=	220.274	/	3.548
=	62.08

Perdana Petroleum Bhd'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 )
=	73.735	/ (	(4.273	+	2.439)	/	2 )
=	73.735	/	3.356
=	21.97

Perdana Petroleum Bhd (XKLS:7108) 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.

Perdana Petroleum Bhd'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
	=	3.356	/	73.735	*	365 / 4
	=	4.15

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.

Perdana Petroleum Bhd'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 )
	=	3.356	/	99.219
	=	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.

Perdana Petroleum Bhd Inventory Turnover Related Terms

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Perdana Petroleum Bhd (XKLS:7108) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Perdana Petroleum Bhd (XKLS:7108) » Definitions » Inventory Turnover

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Traded in Other Exchanges

N/A

Address

VSQ at PJCC, Jalan Utara, Level 18, Block 2, Petaling Jaya, SGR, MYS, 46200

Website

https://www.perdana.my

Perdana Petroleum Bhd is a Malaysia based company that engages in the provision of offshore marine support services for the upstream oil and gas industry in the domestic and regional markets. It operates through the only segment: Marine offshore support services. The Marine offshore support services segment is engaged in the provision of vessels for the upstream oil and gas industry, ranging from towing, mooring and anchoring of non-self-propelled marine vessels, and transportation of drilling equipment, production chemicals, and project materials to engineering and workshop facilities onboard. Geographically, it derives majority revenue from Malaysia.

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