Delek Group (Delek Group) Inventory Turnover : 2.61 (As of Dec. 2023)

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What is Delek Group 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. Delek Group's Cost of Goods Sold for the three months ended in Dec. 2023 was $486 Mil. Delek Group's Average Total Inventories for the quarter that ended in Dec. 2023 was $186 Mil. Delek Group's Inventory Turnover for the quarter that ended in Dec. 2023 was 2.61.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Delek Group's Days Inventory for the three months ended in Dec. 2023 was 34.98.

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. Delek Group's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.23.

Delek Group Inventory Turnover Historical Data

The historical data trend for Delek Group'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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Delek Group Inventory Turnover Chart

Delek Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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4.88

8.62

8.19

8.85

9.09

Delek Group Quarterly Data
	Mar19	Jun19	Sep19	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															2.31	1.91	2.05	2.19	2.61

Delek Group Inventory Turnover Calculation

Delek Group'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 )
=	1552.731	/ (	(163.28	+	178.242)	/	2 )
=	1552.731	/	170.761
=	9.09

Delek Group'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 )
=	486.163	/ (	(194.518	+	178.242)	/	2 )
=	486.163	/	186.38
=	2.61

Delek Group (OTCPK:DLKGF) 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.

Delek Group'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
	=	186.38	/	486.163	*	365 / 4
	=	34.98

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.

Delek Group'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 )
	=	186.38	/	818.76
	=	0.23

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.

Delek Group Inventory Turnover Related Terms

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Delek Group (Delek Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Delek Group Ltd (OTCPK:DLKGF) » Definitions » Inventory Turnover

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Traded in Other Exchanges

DELKY:USA DLEKG:Israel 6D40:Germany

Address

19 Abba Eban Boulevard, P.O. Box 2054, Herzliya, ISR, 4612001

Website

https://www.delek-group.com

Delek Group Ltd operates in the oil and natural gas exploration, development, production and marketing sector in Israel and abroad. through investees. The operating segments of the company are, 1) Energy in Israel segment includes the development, production and sale of natural gas in the existing oil assets of the Partnership, and oil and natural gas exploration in the Mediterranean Sea, 2) the Foreign energy segment includes projects of the UK continental shelf in the North sea region through Ithaca Energy plc which is controlled indirectly by the company and 3) additional operations. The company operates primarily in Israel and North Sea region.