Petroleo Brasileiro Petrobras (Petroleo Brasileiro Petrobras) Total Inventories

: $7,608 Mil (As of Dec. 2023)

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Petroleo Brasileiro Petrobras's total inventories for the quarter that ended in Dec. 2023 was $7,608 Mil. Petroleo Brasileiro Petrobras's average total inventories from the quarter that ended in Sep. 2023 to the quarter that ended in Dec. 2023 was $7,827 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Petroleo Brasileiro Petrobras's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-17.53.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Petroleo Brasileiro Petrobras's Days Inventory for the three months ended in Dec. 2023 was 64.96.

Inventory Turnover measures how fast the company turns over its inventory within a year. Petroleo Brasileiro Petrobras's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.40.

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. Petroleo Brasileiro Petrobras's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.33.

Petroleo Brasileiro Petrobras Total Inventories Historical Data

The historical data trend for Petroleo Brasileiro Petrobras's Total Inventories 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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Petroleo Brasileiro Petrobras Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

8,029.39

5,736.92

7,150.18

8,849.96

7,607.95

Petroleo Brasileiro Petrobras Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Total Inventories																8,849.96	7,795.29	8,151.22	8,045.13	7,607.95

Petroleo Brasileiro Petrobras Total Inventories Calculation

Total Inventories includes the raw materials, work-in-process goods and completely finished goods of a company. It is a portion of a company's current assets.

Petroleo Brasileiro Petrobras (NYSE:PBR.A) Total Inventories Explanation

Inventory control is an important part of business operation. If a company does not have enough inventory, it may not be able to meet customers' required delivery time. If it has too much inventory, the cost of holding the inventory can be high.

1. In Ben Graham's calculation of Net-Net Working Capital (NNWC), inventory is only considered worth half of its book value.

Petroleo Brasileiro Petrobras's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2023 is

	Net-Net Working Capital Per Share (Q: Dec. 2023 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(15398.148	+	0.75 * 6076.653	+	0.5 * 7607.949	-	136778.663
-	0	-	388.272)	/	6470.07
=	-17.53

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

Petroleo Brasileiro Petrobras's Days Inventory for the three months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	7826.5375	/	10993.63	*	365 / 4
	=	64.96

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

Petroleo Brasileiro Petrobras's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Dec. 2023 )	/	Average Total Inventories (Q: Dec. 2023 )
	=	10993.63	/	7826.5375
	=	1.40

4. 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.

Petroleo Brasileiro Petrobras's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	7826.5375	/	24042.93
	=	0.33

Be Aware

Manufacturers with durable competitive advantages have the advantage that the products they sell do not change, and therefore will never become obsolete. Buffett likes this advantage.

When identifying manufacturers with durable competitive advantage, look for inventory and net earnings that rise correspondingly. This indicates that the company is finding profitable ways to increase sales which called for an increase in inventory.

Manufacturers with inventories that spike up and down are indicative of competitive industries subject to boom and bust.

Petroleo Brasileiro Petrobras Total Inventories Related Terms

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Petroleo Brasileiro Petrobras (Petroleo Brasileiro Petrobras) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Petroleo Brasileiro SA Petrobras (NYSE:PBR.A) » Definitions » Total Inventories

Traded in Other Exchanges

PBR:USA PBRN:Mexico PBRA:Mexico XPBRA:Spain XPBR:Spain PJXC:Germany PJXB:Germany PJXA:Germany PJX:Germany PJXC:Germany PJXB:Germany PJXA:Germany PJX:Germany PETR4:Brazil PETR3:Brazil

Address

Avenida Republica do Chile, 65, Rio de Janeiro, RJ, BRA, 20031-912

Website

https://www.petrobras.com.br

Petrobras is a Brazil-based integrated energy company controlled by the Brazilian government. The company focuses on exploration and production for oil and gas in Brazilian offshore fields. Production in 2022 was 2.7 million barrels of oil equivalent a day (80% oil production), and reserves stood at 10.5 billion boe (85% oil). At year-end 2022, Petrobras operated 11 refineries in Brazil with capacity of 1.9 million barrels a day and distributes refined products and natural gas throughout Brazil.