Gear Energy (FRA:0GY) Change In Inventory : €0.0 Mil (TTM As of Jun. 2024)

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What is Gear Energy Change In Inventory?

Gear Energy's change in inventory for the quarter that ended in Jun. 2024 was €0.0 Mil. It means Gear Energy's inventory stayed the same from Mar. 2024 to Jun. 2024 .

Gear Energy's change in inventory for the fiscal year that ended in Dec. 2023 was €0.0 Mil. It means Gear Energy's inventory stayed the same from Dec. 2022 to Dec. 2023 .

Gear Energy's Total Inventories for the quarter that ended in Jun. 2024 was €4.7 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Gear Energy's Days Inventory for the quarter that ended in Jun. 2024 was 41.95.

Inventory Turnover measures how fast the company turns over its inventory within a year. Gear Energy's Inventory Turnover for the quarter that ended in Jun. 2024 was 2.18.

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. Gear Energy's Inventory-to-Revenue for the quarter that ended in Jun. 2024 was 0.18.

Gear Energy Change In Inventory Historical Data

The historical data trend for Gear Energy'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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Gear Energy Change In Inventory Chart

Gear Energy Annual Data

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Change In Inventory

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Gear Energy Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
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Gear Energy 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 Jun. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was €0.0 Mil.

Gear Energy (FRA:0GY) Change In Inventory Explanation

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

Gear Energy's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	4.872	/	10.598	*	365 / 4
	=	41.95

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

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	10.598	/	4.872
	=	2.18

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	4.872	/	27.628
	=	0.18

Gear Energy Change In Inventory Related Terms

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Gear Energy Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Gear Energy Ltd (FRA:0GY) » Definitions » Change In Inventory

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GENGF:USA 0GY:Germany GXE:Canada

Address

205 - 5th Avenue S.W., Suite 800, Bow Valley Square II, Calgary, AB, CAN, T2P 2V7

Website

https://www.gearenergy.com

Gear Energy Ltd is engaged in the business of acquiring, developing, and holding interests in petroleum and natural gas properties and assets. The company's oil-focused operations are located in three core areas; Lloydminster Heavy Oil, Central Alberta Light/Medium Oil, and Southeast Saskatchewan Light Oil.

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