Motor Oil (Hellas) Corinth Refineries (FRA:MHZ) Days Inventory : 30.27 (As of Dec. 2023)

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What is Motor Oil (Hellas) Corinth Refineries Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Motor Oil (Hellas) Corinth Refineries's Average Total Inventories for the three months ended in Dec. 2023 was €1,022 Mil. Motor Oil (Hellas) Corinth Refineries's Cost of Goods Sold for the three months ended in Dec. 2023 was €3,079 Mil. Hence, Motor Oil (Hellas) Corinth Refineries's Days Inventory for the three months ended in Dec. 2023 was 30.27.

The historical rank and industry rank for Motor Oil (Hellas) Corinth Refineries's Days Inventory or its related term are showing as below:

FRA:MHZ' s Days Inventory Range Over the Past 10 Years
Min: 20.95 Med: 25.08 Max: 33.88
Current: 31.44

During the past 13 years, Motor Oil (Hellas) Corinth Refineries's highest Days Inventory was 33.88. The lowest was 20.95. And the median was 25.08.

FRA:MHZ's Days Inventory is ranked better than
50.07% of 729 companies
in the Oil & Gas industry
Industry Median: 31.46 vs FRA:MHZ: 31.44

Motor Oil (Hellas) Corinth Refineries's Days Inventory increased from Dec. 2022 (25.69) to Dec. 2023 (30.27). It might indicate that Motor Oil (Hellas) Corinth Refineries's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Motor Oil (Hellas) Corinth Refineries's Inventory Turnover for the three months ended in Dec. 2023 was 3.01.

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. Motor Oil (Hellas) Corinth Refineries's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.31.

Motor Oil (Hellas) Corinth Refineries Days Inventory Historical Data

The historical data trend for Motor Oil (Hellas) Corinth Refineries's Days 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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Motor Oil (Hellas) Corinth Refineries Days Inventory Chart

Motor Oil (Hellas) Corinth Refineries Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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23.27

33.88

23.18

20.95

31.52

Motor Oil (Hellas) Corinth Refineries Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Inventory	Get a 7-Day Free Trial															25.69	32.52	37.85	26.93	30.27

Competitive Comparison of Motor Oil (Hellas) Corinth Refineries's Days Inventory

For the Oil & Gas Refining & Marketing subindustry, Motor Oil (Hellas) Corinth Refineries's Days Inventory, along with its competitors' market caps and Days Inventory data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Motor Oil (Hellas) Corinth Refineries's Days Inventory Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Motor Oil (Hellas) Corinth Refineries's Days Inventory distribution charts can be found below:

* The bar in red indicates where Motor Oil (Hellas) Corinth Refineries's Days Inventory falls into.

Motor Oil (Hellas) Corinth Refineries Days Inventory Calculation

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

Motor Oil (Hellas) Corinth Refineries's Days Inventory for the fiscal year that ended in Dec. 2023 is calculated as

	Days Inventory (A: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (994.84	+	1031.212)	/	2 )	/	11729.1	*	365
=	1013.026					/	11729.1	*	365
=	31.52

Motor Oil (Hellas) Corinth Refineries's Days Inventory for the quarter that ended in Dec. 2023 is calculated as:

	Days Inventory (Q: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (1011.875	+	1031.212)	/	2 )	/	3079.377	*	365 / 4
=	1021.5435					/	3079.377	*	365 / 4
=	30.27

Motor Oil (Hellas) Corinth Refineries (FRA:MHZ) Days Inventory Explanation

Days Inventory indicates the liquidity of the inventory. Generally, a lower Days Inventory is preferred as it indicates a shorter duration to clear off the inventory. An increase of the ratio may indicate the company's sales slowed. Similar ratios related to Days Inventory are:

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

Motor Oil (Hellas) Corinth Refineries's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	3079.377	/	1021.5435
	=	3.01

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.

Motor Oil (Hellas) Corinth Refineries's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	1021.5435	/	3347.876
	=	0.31

Be Aware

A lot of business are seasonable. It makes more sense to compare Days Inventory from the same period in the previous year instead of from the previous quarter.

Motor Oil (Hellas) Corinth Refineries Days Inventory Related Terms

Thank you for viewing the detailed overview of Motor Oil (Hellas) Corinth Refineries's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.

Motor Oil (Hellas) Corinth Refineries (FRA:MHZ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Motor Oil (Hellas) Corinth Refineries SA (FRA:MHZ) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

MOHCY:USA MOH:Greece 0MQT:UK MHZ:Germany

Address

12A, Irodou Attikou Street, Maroussi, GRC, 151 24

Website

https://www.moh.gr

Motor Oil (Hellas) Corinth Refineries SA operates a series of ancillary plants and offsite facilities that make up its refinery business. Its operations can process crude oils of various characteristics and produce a full range of petroleum products, complying with myriad international specifications. It serves major petroleum marketing companies in Greece and internationally. Motor Oil Hellas' production ranges from light ends and gasoline to middle distillates, fuel, bitumen, and lubricants. The company is one of very few in its region that produces and packages lubricants. Its base oils and lubricants are approved by several prominent international organizations.

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