Gazprom Neft PJSC (XTER:SCF) Inventory Turnover : 1.28 (As of Jun. 2023)

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What is Gazprom Neft PJSC 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. Gazprom Neft PJSC's Cost of Goods Sold for the three months ended in Jun. 2023 was €3,745 Mil. Gazprom Neft PJSC's Average Total Inventories for the quarter that ended in Jun. 2023 was €2,918 Mil. Gazprom Neft PJSC's Inventory Turnover for the quarter that ended in Jun. 2023 was 1.28.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Gazprom Neft PJSC's Days Inventory for the three months ended in Jun. 2023 was 71.09.

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. Gazprom Neft PJSC's Inventory-to-Revenue for the quarter that ended in Jun. 2023 was 0.31.

Gazprom Neft PJSC Inventory Turnover Historical Data

The historical data trend for Gazprom Neft PJSC'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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Gazprom Neft PJSC Inventory Turnover Chart

Gazprom Neft PJSC Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Inventory Turnover

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7.20

7.11

7.27

4.38

6.53

Gazprom Neft PJSC Quarterly Data
	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Jun22	Jun23
Inventory Turnover	Get a 7-Day Free Trial															1.26	1.39	1.72	2.18	1.28

Gazprom Neft PJSC Inventory Turnover Calculation

Gazprom Neft PJSC's Inventory Turnover for the fiscal year that ended in Dec. 2021 is calculated as

	Inventory Turnover (A: Dec. 2021 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2021 )	/ (	(Total Inventories (A: Dec. 2020 )	+	Total Inventories (A: Dec. 2021 ))	/	count )
=	16823.631	/ (	(2398.141	+	2751.897)	/	2 )
=	16823.631	/	2575.019
=	6.53

Gazprom Neft PJSC's Inventory Turnover for the quarter that ended in Jun. 2023 is calculated as

	Inventory Turnover (Q: Jun. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jun. 2023 )	/ (	(Total Inventories (Q: Jun. 2022 )	+	Total Inventories (Q: Jun. 2023 ))	/	count )
=	3745.157	/ (	(0	+	2917.881)	/	1 )
=	3745.157	/	2917.881
=	1.28

Gazprom Neft PJSC (XTER:SCF) 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.

Gazprom Neft PJSC's Days Inventory for the three months ended in Jun. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2023 )	/	Cost of Goods Sold (Q: Jun. 2023 )	*	Days in Period
	=	2917.881	/	3745.157	*	365 / 4
	=	71.09

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.

Gazprom Neft PJSC's Inventory to Revenue for the quarter that ended in Jun. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2023 )	/	Revenue (Q: Jun. 2023 )
	=	2917.881	/	9344.035
	=	0.31

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.

Gazprom Neft PJSC Inventory Turnover Related Terms

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Gazprom Neft PJSC (XTER:SCF) Business Description

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SIBN:Russia

Address

3-5 Pochtamtskaya Street, Saint Petersburg, RUS, 190000

Website

https://www.gazprom-neft.com

Gazprom Neft PJSC is a vertically integrated oil company. The company along with its subsidiaries is engaged in the exploration, development of crude oil and gas as well as the production and sale of petroleum products. It operates in two segments namely; the exploration, development, and production of crude oil and natural gas, and oilfield services, and key revenue driver segment includes refining and marketing including processing crude into refined products and purchases, sells and transports crude and refined petroleum products.

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