Seplat Energy (LSE:SEPL) Inventory Turnover : 2.65 (As of Mar. 2024)

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What is Seplat 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. Seplat Energy's Cost of Goods Sold for the three months ended in Mar. 2024 was £107.9 Mil. Seplat Energy's Average Total Inventories for the quarter that ended in Mar. 2024 was £40.7 Mil. Seplat Energy's Inventory Turnover for the quarter that ended in Mar. 2024 was 2.65.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Seplat Energy's Days Inventory for the three months ended in Mar. 2024 was 34.42.

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. Seplat Energy's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.29.

Seplat Energy Inventory Turnover Historical Data

The historical data trend for Seplat 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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Seplat Energy Inventory Turnover Chart

Seplat Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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3.17

5.03

6.02

7.85

9.62

Seplat Energy 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															2.39	2.42	2.23	2.47	2.65

Seplat Energy Inventory Turnover Calculation

Seplat 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 )
=	418.127	/ (	(45.488	+	41.418)	/	2 )
=	418.127	/	43.453
=	9.62

Seplat 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 )
=	107.901	/ (	(41.418	+	39.979)	/	2 )
=	107.901	/	40.6985
=	2.65

Seplat Energy (LSE:SEPL) 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.

Seplat 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
	=	40.6985	/	107.901	*	365 / 4
	=	34.42

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.

Seplat 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 )
	=	40.6985	/	141.518
	=	0.29

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.

Seplat Energy Inventory Turnover Related Terms

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Seplat Energy (LSE:SEPL) Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Seplat Energy PLC (LSE:SEPL) » Definitions » Inventory Turnover

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SEPLAT:Nigeria SEPLl:UK 134:Germany

Address

16A Temple Road (Olu Holloway), Ikoyi, Lagos, NGA

Website

https://www.seplatenergy.com

Seplat Energy PLC formerly SEPLAT Petroleum Development Company PLC is a Nigerian independent upstream oil and gas company which focuses on production and development opportunities in Nigeria. The company has two reportable segments namely Oil and Gas. Geographically, it derives a majority of revenue from Switzerland. The company's exploration assets include OMLs 4, 38 and 41 which are located in Edo and Delta States onshore Nigeria; OPL 283 Marginal Field Area; and OML 53, which is located onshore in Imo State in the North-Eastern Niger Delta.

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