Neste OYJ (Neste OYJ) Change In Inventory : $0 Mil (TTM As of Mar. 2024)

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What is Neste OYJ Change In Inventory?

Neste OYJ's change in inventory for the quarter that ended in Mar. 2024 was $0 Mil. It means Neste OYJ's inventory stayed the same from Dec. 2023 to Mar. 2024 .

Neste OYJ's change in inventory for the fiscal year that ended in Dec. 2023 was $285 Mil. It means Neste OYJ's inventory declined by $285 Mil from Dec. 2022 to Dec. 2023 .

Neste OYJ's Total Inventories for the quarter that ended in Mar. 2024 was $4,433 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Neste OYJ's Days Inventory for the quarter that ended in Mar. 2024 was 79.43.

Inventory Turnover measures how fast the company turns over its inventory within a year. Neste OYJ's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.15.

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. Neste OYJ's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.78.

Neste OYJ Change In Inventory Historical Data

The historical data trend for Neste OYJ'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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Neste OYJ Change In Inventory Chart

Neste OYJ Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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-218.89

-214.11

-898.31

-1,098.52

284.62

Neste OYJ Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Change In Inventory	Get a 7-Day Free Trial															-	-	-	-	-

Neste OYJ 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $0 Mil.

Neste OYJ (OTCPK:NTOIY) Change In Inventory Explanation

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

Neste OYJ's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	4051.637	/	4654.348	*	365 / 4
	=	79.43

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

Neste OYJ's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	4654.348	/	4051.637
	=	1.15

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.

Neste OYJ's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	4051.637	/	5217.391
	=	0.78

Neste OYJ Change In Inventory Related Terms

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Neste OYJ (Neste OYJ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Neste OYJ (OTCPK:NTOIY) » Definitions » Change In Inventory

Comparable Companies

Traded in Other Exchanges

NTOIF:USA NESTE:Mexico 1NESTE:Italy NESTEh:UK 0O46:UK NESTE:Finland NEF:Germany

Address

Keilaranta 21, P.O. Box 95, Neste, Espoo, FIN, 00095

Website

https://www.neste.com

Neste OYJ Formerly Neste Corp. offers renewable products and solutions and oil products to a host of global markets. Its business is divided into various segments, including oil products, renewable products, marketing and services and others. Oil products is the largest contributor of revenue; it caters to oil companies and businesses that market oil, lubricants, and fuel products. Neste's oil products business includes diesel fuels, gasoline, aviation and marine fuels, and light and heavy fuel oils. Neste is heavily involved in the Baltic region with its network of service stations and refineries.