Saras SpA (Saras SpA) Change In Inventory : $71 Mil (TTM As of Mar. 2024)

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What is Saras SpA Change In Inventory?

Saras SpA's change in inventory for the quarter that ended in Mar. 2024 was $-23 Mil. It means Saras SpA's inventory increased by $23 Mil from Dec. 2023 to Mar. 2024 .

Saras SpA's change in inventory for the fiscal year that ended in Dec. 2023 was $44 Mil. It means Saras SpA's inventory declined by $44 Mil from Dec. 2022 to Dec. 2023 .

Saras SpA's Total Inventories for the quarter that ended in Mar. 2024 was $1,378 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Saras SpA's Days Inventory for the quarter that ended in Mar. 2024 was 40.11.

Inventory Turnover measures how fast the company turns over its inventory within a year. Saras SpA's Inventory Turnover for the quarter that ended in Mar. 2024 was 2.28.

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. Saras SpA's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.42.

Saras SpA Change In Inventory Historical Data

The historical data trend for Saras SpA's Change In Inventory 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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Saras SpA Change In Inventory Chart

Saras SpA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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-199.16

369.16

-487.89

-125.15

43.87

Saras SpA Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Change In Inventory	Get a 7-Day Free Trial															-50.61	124.12	38.86	-69.23	-22.70

Saras SpA Change In Inventory Calculation

Change In Inventory is the difference between last period's ending inventory and the current period's ending inventory.

Change In Inventory for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $71 Mil.

Saras SpA (OTCPK:SAAFF) Change In Inventory Explanation

1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Saras SpA's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	1369.096	/	3114.801	*	365 / 4
	=	40.11

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

Saras SpA's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	3114.801	/	1369.096
	=	2.28

3. 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.

Saras SpA's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	1369.096	/	3286.021
	=	0.42

Saras SpA Change In Inventory Related Terms

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Saras SpA (Saras SpA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Saras SpA (OTCPK:SAAFF) » Definitions » Change In Inventory

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Traded in Other Exchanges

SAAFY:USA SRS:Italy SRSm:UK 0O2D:UK

Address

S.S. 195 Sulcitana, Km 19, Cagliari, Sarroch, ITA, 09018

Website

https://www.saras.it

Saras SpA is a processor of crude oil and marketer and distributor of petroleum byproducts. Refining operations are conducted at facilities located near the Mediterranean Sea. Majority of the refineries production is medium and light distillates with low environmental impact (mainly diesel and gasoline). Under Saras Trading, the company purchases crude oils and other feedstock for the refinery, sells the refined oil, and participates in third party trading. Products sold and distributed by Saras and its subsidiaries include diesel, gasoline, heating oil, liquefied petroleum gas, naphtha, and aviation fuel. Products are sold primarily on Spanish and Italian markets. Additional services include wind farm operations, and engineering and scientific research services.