Motor Oil (Hellas) Corinth Refineries (LTS:0MQT) Inventory Turnover : 2.43 (As of Mar. 2024)

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What is Motor Oil (Hellas) Corinth Refineries 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. Motor Oil (Hellas) Corinth Refineries's Cost of Goods Sold for the three months ended in Mar. 2024 was €2,601 Mil. Motor Oil (Hellas) Corinth Refineries's Average Total Inventories for the quarter that ended in Mar. 2024 was €1,072 Mil. Motor Oil (Hellas) Corinth Refineries's Inventory Turnover for the quarter that ended in Mar. 2024 was 2.43.

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 three months ended in Mar. 2024 was 37.63.

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 quarter that ended in Mar. 2024 was 0.36.

Motor Oil (Hellas) Corinth Refineries Inventory Turnover Historical Data

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

Motor Oil (Hellas) Corinth Refineries Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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15.68

10.77

15.75

17.42

11.58

Motor Oil (Hellas) Corinth Refineries 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															2.81	2.41	3.39	3.01	2.43

Motor Oil (Hellas) Corinth Refineries Inventory Turnover Calculation

Motor Oil (Hellas) Corinth Refineries'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 )
=	11729.1	/ (	(994.84	+	1031.212)	/	2 )
=	11729.1	/	1013.026
=	11.58

Motor Oil (Hellas) Corinth Refineries'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 )
=	2600.845	/ (	(1031.212	+	1113.755)	/	2 )
=	2600.845	/	1072.4835
=	2.43

Motor Oil (Hellas) Corinth Refineries (LTS:0MQT) 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.

Motor Oil (Hellas) Corinth Refineries'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
	=	1072.4835	/	2600.845	*	365 / 4
	=	37.63

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 quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	1072.4835	/	2979.095
	=	0.36

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.

Motor Oil (Hellas) Corinth Refineries Inventory Turnover Related Terms

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Motor Oil (Hellas) Corinth Refineries (LTS:0MQT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Motor Oil (Hellas) Corinth Refineries SA (LTS:0MQT) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

MOHCY:USA MOH:Greece 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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