Avance Gas Holding (Avance Gas Holding) Change In Inventory : $-29.1 Mil (TTM As of Dec. 2023)

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What is Avance Gas Holding Change In Inventory?

Avance Gas Holding's change in inventory for the quarter that ended in Dec. 2023 was $0.0 Mil. It means Avance Gas Holding's inventory stayed the same from Sep. 2023 to Dec. 2023 .

Avance Gas Holding's change in inventory for the fiscal year that ended in Dec. 2023 was $0.0 Mil. It means Avance Gas Holding's inventory stayed the same from Dec. 2022 to Dec. 2023 .

Avance Gas Holding's Total Inventories for the quarter that ended in Dec. 2023 was $9.8 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Avance Gas Holding's Days Inventory for the quarter that ended in Dec. 2023 was 18.38.

Inventory Turnover measures how fast the company turns over its inventory within a year. Avance Gas Holding's Inventory Turnover for the quarter that ended in Dec. 2023 was 4.96.

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. Avance Gas Holding's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.08.

Avance Gas Holding Change In Inventory Historical Data

The historical data trend for Avance Gas Holding'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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Avance Gas Holding Change In Inventory Chart

Avance Gas Holding Annual Data

Trend

Nov13

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Dec23

Change In Inventory

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Avance Gas Holding Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Change In Inventory	Get a 7-Day Free Trial															-	2.39	-9.28	-22.24	-

Avance Gas Holding 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. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-29.1 Mil.

Avance Gas Holding (OTCPK:AVACF) Change In Inventory Explanation

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

Avance Gas Holding's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	9.3615	/	46.469	*	365 / 4
	=	18.38

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

Avance Gas Holding's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	46.469	/	9.3615
	=	4.96

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.

Avance Gas Holding's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	9.3615	/	111.219
	=	0.08

Avance Gas Holding Change In Inventory Related Terms

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Avance Gas Holding (Avance Gas Holding) Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Avance Gas Holding Ltd (OTCPK:AVACF) » Definitions » Change In Inventory

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AVANCEo:Sweden AGAS:Norway 0QTX:UK A07:Germany

Address

14 Par-la-Ville Road, 4th floor, PO Box HM 1593, Par-la-Ville Place, Hamilton, BMU, HM 08

Website

https://www.avancegas.com

Avance Gas Holding Ltd is engaged in the transportation of liquefied petroleum gas (LPG). It owns and operates very large gas carriers (VLGCs) providing transportation services to oil majors and traders of LPG on a global basis. It operates a fleet of vessels providing customers with global transportation services through the combination of the contract of affreightments and spot market voyages. The company transports liquefied petroleum to destinations in Europe, South America, India, and Asia, mainly loading the Middle East Gulf and the United States Gulf/United States East Coast. The company operates in a single segment that is liquefied petroleum gas.

Avance Gas Holding (Avance Gas Holding) Headlines

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