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PBF Energy (LTS:0KE0) Days Inventory : 28.78 (As of Sep. 2024)


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What is PBF Energy Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). PBF Energy's Average Total Inventories for the three months ended in Sep. 2024 was $2,735 Mil. PBF Energy's Cost of Goods Sold for the three months ended in Sep. 2024 was $8,671 Mil. Hence, PBF Energy's Days Inventory for the three months ended in Sep. 2024 was 28.78.

The historical rank and industry rank for PBF Energy's Days Inventory or its related term are showing as below:

LTS:0KE0' s Days Inventory Range Over the Past 10 Years
Min: 22.81   Med: 30.53   Max: 41.51
Current: 30.82

During the past 13 years, PBF Energy's highest Days Inventory was 41.51. The lowest was 22.81. And the median was 30.53.

LTS:0KE0's Days Inventory is ranked better than
51.7% of 704 companies
in the Oil & Gas industry
Industry Median: 31.715 vs LTS:0KE0: 30.82

PBF Energy's Days Inventory declined from Sep. 2023 (28.86) to Sep. 2024 (28.78).

Inventory Turnover measures how fast the company turns over its inventory within a year. PBF Energy's Inventory Turnover for the three months ended in Sep. 2024 was 3.17.

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. PBF Energy's Inventory-to-Revenue for the three months ended in Sep. 2024 was 0.33.


PBF Energy Days Inventory Historical Data

The historical data trend for PBF Energy's Days 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.

* Premium members only.

PBF Energy Days Inventory Chart

PBF Energy Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Days Inventory
Get a 7-Day Free Trial Premium Member Only Premium Member Only 30.85 41.51 29.01 22.81 30.21

PBF Energy Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Days Inventory Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 28.86 32.07 32.89 30.08 28.78

Competitive Comparison of PBF Energy's Days Inventory

For the Oil & Gas Refining & Marketing subindustry, PBF Energy's Days Inventory, along with its competitors' market caps and Days Inventory data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


PBF Energy's Days Inventory Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, PBF Energy's Days Inventory distribution charts can be found below:

* The bar in red indicates where PBF Energy's Days Inventory falls into.



PBF Energy Days Inventory Calculation

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

PBF Energy's Days Inventory for the fiscal year that ended in Dec. 2023 is calculated as

Days Inventory (A: Dec. 2023 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (A: Dec. 2022 ) + Total Inventories (A: Dec. 2023 )) / count ) / Cost of Goods Sold (A: Dec. 2023 )*Days in Period
=( (2763.6 + 3183.1) / 2 ) / 35926.2*365
=2973.35 / 35926.2*365
=30.21

PBF Energy's Days Inventory for the quarter that ended in Sep. 2024 is calculated as:

Days Inventory (Q: Sep. 2024 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (Q: Jun. 2024 ) + Total Inventories (Q: Sep. 2024 )) / count ) / Cost of Goods Sold (Q: Sep. 2024 )*Days in Period
=( (2864.2 + 2605.7) / 2 ) / 8670.5*365 / 4
=2734.95 / 8670.5*365 / 4
=28.78

* 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.


PBF Energy  (LTS:0KE0) Days Inventory Explanation

Days Inventory indicates the liquidity of the inventory. Generally, a lower Days Inventory is preferred as it indicates a shorter duration to clear off the inventory. An increase of the ratio may indicate the company's sales slowed. Similar ratios related to Days Inventory are:

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

PBF Energy's Inventory Turnover for the three months ended in Sep. 2024 is calculated as

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.

PBF Energy's Inventory to Revenue for the three months ended in Sep. 2024 is calculated as

* 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.


Be Aware

A lot of business are seasonable. It makes more sense to compare Days Inventory from the same period in the previous year instead of from the previous quarter.


PBF Energy Days Inventory Related Terms

Thank you for viewing the detailed overview of PBF Energy's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.


PBF Energy Business Description

Traded in Other Exchanges
Address
One Sylvan Way, Second Floor, Parsippany, NJ, USA, 07054
PBF Energy Inc is an independent petroleum refiner and supplier of unbranded transportation fuels, heating oil, petrochemical feedstocks, lubricants, and other petroleum products in the United States. The company owns refineries in Delaware, Ohio, New Jersey, California, and Louisiana. The Company operates in two reportable business segments: Refining and Logistics. The Company's oil refineries are all engaged in the refining of crude oil and other feedstocks into petroleum products and are aggregated into the Refining segment. PBFX operates logistics assets such as crude oil and refined products terminals, pipelines and storage facilities. The Logistics segment consists solely of PBFX's operations.

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