Motor Oil (Hellas) Corinth Refineries (LTS:0MQT) Total Inventories : €1,114 Mil (As of Mar. 2024)

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What is Motor Oil (Hellas) Corinth Refineries Total Inventories?

Motor Oil (Hellas) Corinth Refineries's total inventories for the quarter that ended in Mar. 2024 was €1,114 Mil. Motor Oil (Hellas) Corinth Refineries's average total inventories from the quarter that ended in Dec. 2023 to the quarter that ended in Mar. 2024 was €1,072 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Motor Oil (Hellas) Corinth Refineries's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was €-21.06.

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 Turnover measures how fast the company turns over its inventory within a year. Motor Oil (Hellas) Corinth Refineries's Inventory Turnover for the quarter that ended in Mar. 2024 was 2.43.

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 Total Inventories Historical Data

The historical data trend for Motor Oil (Hellas) Corinth Refineries'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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Motor Oil (Hellas) Corinth Refineries Total Inventories Chart

Motor Oil (Hellas) Corinth Refineries Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

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550.33

535.65

684.44

994.84

1,031.21

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
Total Inventories	Get a 7-Day Free Trial															1,033.60	980.37	1,011.88	1,031.21	1,113.76

Motor Oil (Hellas) Corinth Refineries 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.

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

Motor Oil (Hellas) Corinth Refineries's Net-Net Working Capital Per Share for the quarter that ended in Mar. 2024 is

	Net-Net Working Capital Per Share (Q: Mar. 2024 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(882.915	+	0.75 * 1160.424	+	0.5 * 1113.755	-	4552.835
-	0	-	33.672)	/	108.116
=	-21.06

2. 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

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

Motor Oil (Hellas) Corinth Refineries's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Mar. 2024 )	/	Average Total Inventories (Q: Mar. 2024 )
	=	2600.845	/	1072.4835
	=	2.43

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.

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

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.

Motor Oil (Hellas) Corinth Refineries Total Inventories Related Terms

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

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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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