3R Petroleum Oleo E Gas (BSP:RRRP3) Inventory Turnover : 1.73 (As of Dec. 2023)

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What is 3R Petroleum Oleo E Gas 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. 3R Petroleum Oleo E Gas's Cost of Goods Sold for the three months ended in Dec. 2023 was R$1,271 Mil. 3R Petroleum Oleo E Gas's Average Total Inventories for the quarter that ended in Dec. 2023 was R$735 Mil. 3R Petroleum Oleo E Gas's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.73.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. 3R Petroleum Oleo E Gas's Days Inventory for the three months ended in Dec. 2023 was 52.77.

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. 3R Petroleum Oleo E Gas's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.40.

3R Petroleum Oleo E Gas Inventory Turnover Historical Data

The historical data trend for 3R Petroleum Oleo E Gas'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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3R Petroleum Oleo E Gas Inventory Turnover Chart

3R Petroleum Oleo E Gas Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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22.36

29.90

8.19

7.71

3R Petroleum Oleo E Gas Quarterly Data
	Dec17	Dec18	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Inventory Turnover	Get a 7-Day Free Trial														2.62	1.89	1.36	2.44	1.73

3R Petroleum Oleo E Gas Inventory Turnover Calculation

3R Petroleum Oleo E Gas'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 )
=	3862.029	/ (	(187.472	+	814.819)	/	2 )
=	3862.029	/	501.1455
=	7.71

3R Petroleum Oleo E Gas's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

	Inventory Turnover (Q: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2023 )	/ (	(Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	1270.588	/ (	(654.654	+	814.819)	/	2 )
=	1270.588	/	734.7365
=	1.73

3R Petroleum Oleo E Gas (BSP:RRRP3) 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.

3R Petroleum Oleo E Gas's Days Inventory for the three months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	734.7365	/	1270.588	*	365 / 4
	=	52.77

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.

3R Petroleum Oleo E Gas's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	734.7365	/	1849.45
	=	0.40

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.

3R Petroleum Oleo E Gas Inventory Turnover Related Terms

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3R Petroleum Oleo E Gas (BSP:RRRP3) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » 3R Petroleum Oleo E Gas SA (BSP:RRRP3) » Definitions » Inventory Turnover

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Address

Rua Visconde de Ouro Preto, number 5, Sala 601, Botafogo, Rio de Janeiro, RJ, BRA

Website

https://ri.3rpetroleum.com.br

3R Petroleum Oleo E Gas SA is engaged in the oil and gas sector with a focus on redevelopment of mature production fields located on land. Its purpose is to explore, produce, and sell oil and its derivatives, natural gas, and other fluid hydrocarbons.

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