Petrol AD (XBUL:PET) Inventory Turnover

: 0.20 (As of Mar. 2023)

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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. Petrol AD's Cost of Goods Sold for the three months ended in Mar. 2023 was лв4.5 Mil. Petrol AD's Average Total Inventories for the quarter that ended in Mar. 2023 was лв22.6 Mil. Petrol AD's Inventory Turnover for the quarter that ended in Mar. 2023 was 0.20.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Petrol AD's Days Inventory for the three months ended in Mar. 2023 was 455.75.

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. Petrol AD's Inventory-to-Revenue for the quarter that ended in Mar. 2023 was 0.16.

Petrol AD Inventory Turnover Historical Data

The historical data trend for Petrol AD'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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Petrol AD Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Inventory Turnover

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21.05

21.27

17.08

22.36

32.12

Petrol AD Quarterly Data
	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Dec22	Mar23
Inventory Turnover	Get a 7-Day Free Trial															19.56	0.12	12.24	-	0.20

Petrol AD Inventory Turnover Calculation

Petrol AD's Inventory Turnover for the fiscal year that ended in Dec. 2022 is calculated as

	Inventory Turnover (A: Dec. 2022 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2022 )	/ (	(Total Inventories (A: Dec. 2021 )	+	Total Inventories (A: Dec. 2022 ))	/	count )
=	757.571	/ (	(20.866	+	26.306)	/	2 )
=	757.571	/	23.586
=	32.12

Petrol AD's Inventory Turnover for the quarter that ended in Mar. 2023 is calculated as

	Inventory Turnover (Q: Mar. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2023 )	/ (	(Total Inventories (Q: Dec. 2022 )	+	Total Inventories (Q: Mar. 2023 ))	/	count )
=	4.532	/ (	(26.306	+	18.964)	/	2 )
=	4.532	/	22.635
=	0.20

Petrol AD (XBUL:PET) 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.

Petrol AD's Days Inventory for the three months ended in Mar. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2023 )	/	Cost of Goods Sold (Q: Mar. 2023 )	*	Days in Period
	=	22.635	/	4.532	*	365 / 4
	=	455.75

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.

Petrol AD's Inventory to Revenue for the quarter that ended in Mar. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2023 )	/	Revenue (Q: Mar. 2023 )
	=	22.635	/	138.78
	=	0.16

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.

Petrol AD Inventory Turnover Related Terms

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Petrol AD (XBUL:PET) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Petrol AD (XBUL:PET) » Definitions » Inventory Turnover

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Traded in Other Exchanges

N/A

Address

bul. Cherni vrah 43, rayon Lozenets, Sofia, BGR, 1407

Website

http://www.petrol.bg

Petrol AD is engaged in the distribution of fuels in Bulgaria. Its other business activities comprise selling of fuel at retail and wholesale, storage of fuels and maintenance of fuel sales facilities.