Slovnaft AS (LTS:0MZI) Days Inventory: 34.67 (As of Dec. 2019) — 13% Above Median

What is Slovnaft AS Days Inventory?

Slovnaft AS LTS:0MZI 8 Days Inventory is 34.67 as of Dec. 2019, which is 13% above its 10-year median of 30.78. GuruFocus rates LTS:0MZI with a GF Score™ of 8/100. The stock has 5 warning signs investors should review.

Days Inventory is also known as Days Sales of Inventory (DSI). Slovnaft AS's Average Total Inventories for the six months ended in Dec. 2019 was €294.46 Mil. Slovnaft AS's Cost of Goods Sold for the six months ended in Dec. 2019 was €1,549.93 Mil. Hence, Slovnaft AS's Days Inventory for the six months ended in Dec. 2019 was 34.67.

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

LTS:0MZI' s Days Inventory Range Over the Past 10 Years
Min: 23.98 Med: 30.78 Max: 35.1
Current: 33.88

During the past 13 years, Slovnaft AS's highest Days Inventory was 35.10. The lowest was 23.98. And the median was 30.78.

LTS:0MZI's Days Inventory is not ranked
in the Oil & Gas industry.
Industry Median: 30.99 vs LTS:0MZI: 33.88

Slovnaft AS's Days Inventory increased from Dec. 2018 (32.47) to Dec. 2019 (34.67). It might indicate that Slovnaft AS's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Slovnaft AS's Inventory Turnover for the six months ended in Dec. 2019 was 5.26.

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. Slovnaft AS's Inventory-to-Revenue for the six months ended in Dec. 2019 was 0.16.

Slovnaft AS (LTS:0MZI) 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.

Slovnaft AS's Inventory Turnover for the six months ended in Dec. 2019 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	1549.931	/	294.4555
	=	5.26

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.

Slovnaft AS's Inventory to Revenue for the six months ended in Dec. 2019 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	294.4555	/	1891.838
	=	0.16

* 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.

Slovnaft AS Days Inventory Related Terms

Slovnaft AS Days Inventory Historical Data

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The historical data trend for Slovnaft AS's Days Inventory can be seen below:

Slovnaft AS Days Inventory Chart

Slovnaft AS Annual Data

Trend

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Days Inventory

Get a 7-Day Free Trial

27.17

35.10

33.88

31.24

34.83

Slovnaft AS Semi-Annual Data
	Jun10	Dec10	Jun11	Dec11	Jun12	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19
Days Inventory	Get a 7-Day Free Trial															33.80	31.51	32.47	32.21	34.67

LTS:0MZI vs NGL, INT, SUN: Days Inventory Comparison

For the Oil & Gas Refining & Marketing subindustry, Slovnaft AS'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.

Slovnaft AS Days Inventory vs Oil & Gas Industry

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

* The bar in red indicates where Slovnaft AS's Days Inventory falls into.

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Slovnaft AS Days Inventory Calculation

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

Slovnaft AS's Days Inventory for the fiscal year that ended in Dec. 2019 is calculated as

	Days Inventory (A: Dec. 2019 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2018 )	+	Total Inventories (A: Dec. 2019 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2019 )	*	Days in Period
=	( (301.243	+	308.907)	/	2 )	/	3196.672	*	365
=	305.075					/	3196.672	*	365
=	34.83

Slovnaft AS's Days Inventory for the quarter that ended in Dec. 2019 is calculated as:

	Days Inventory (Q: Dec. 2019 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Jun. 2019 )	+	Total Inventories (Q: Dec. 2019 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2019 )	*	Days in Period
=	( (280.004	+	308.907)	/	2 )	/	1549.931	*	365 / 2
=	294.4555					/	1549.931	*	365 / 2
=	34.67

Frequently Asked Questions Learn more about Days Inventory →

What does a Days Inventory of 34.67 mean?

Slovnaft AS (LTS:0MZI) has a Days Inventory of 34.67 as of Dec. 2019. Days inventory represents the average amount of days a company holds inventory before selling it. View historical data on Slovnaft AS and its competitors. This is 13% above median its historical median of 30.78. Over the past decade, Slovnaft AS's Days Inventory has ranged from 23.98 to 35.10.

Is Slovnaft AS's Days Inventory too high?

Slovnaft AS's current Days Inventory of 34.67 is 13% above median its 10-year median of 30.78. Over the past 10 years, this metric has ranged from a low of 23.98 to a high of 35.10. The Oil & Gas industry median Days Inventory is 30.99. Slovnaft AS's value of 34.67 is 11.9% above this industry median. Overall, Slovnaft AS has a GF Score™ of 8/100, reflecting its overall financial health beyond just this single metric.

How does Slovnaft AS's Days Inventory compare to NGL and INT?

Slovnaft AS's Days Inventory of 34.67 can be compared against companies in the Oil & Gas industry. The industry median Days Inventory is 30.99. Slovnaft AS's value of 34.67 is 11.9% above this benchmark. Historically, Slovnaft AS's own Days Inventory has ranged from 23.98 to 35.10 over the past decade. While the company's 10-year median is 30.78 vs. the industry median of 30.99, Slovnaft AS has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good Days Inventory for an Oil & Gas company?

The median Days Inventory among Oil & Gas companies is 30.99, based on 685 companies in the industry. Companies in the top quartile (top 25%) have a Days Inventory significantly above this median, while those in the bottom quartile fall well below. However, Days Inventory should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Slovnaft AS's current Days Inventory of 34.67 is 11.9% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.

What does a high Days Inventory mean?

A high Days Inventory can signal that a stock is expensive relative to its fundamentals. Days inventory represents the average amount of days a company holds inventory before selling it. View historical data on Slovnaft AS and its competitors. For the Oil & Gas industry, the median Days Inventory is 30.99 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Slovnaft AS's current Days Inventory is 34.67, which is 13% above median its own 10-year median of 30.78. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Slovnaft AS stock overvalued right now?

Slovnaft AS (LTS:0MZI) has a current Days Inventory of 34.67. The current Days Inventory is 34.67, which is 13% above median its 10-year median of 30.78 and 11.9% above the Oil & Gas industry median of 30.99. Slovnaft AS's overall GF Score™ is 8/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is Days Inventory calculated?

Days Inventory is calculated from a company's financial statements. For Slovnaft AS (LTS:0MZI), the current Days Inventory is 34.67 as of Dec. 2019. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Slovnaft AS Business Description

Industry Energy Oil & Gas

Comparable Companies LSE:VVO NGL XTAE:ILCO NZSE:ZEL SHSE:601139 XTAE:ORL PHS:TFHI INT MIL:SRS XTAE:PZOL BKK:SPRC BOM:500109 BKK:BCP ATH:MOH SUN CAS:GAZ PHS:SHLPH CAS:TMA BKK:ESSO ISX:AKRA

Address Vlcie hrdlo 1, Bratislava, SVK, 824 12

Website http://www.slovnaft.sk

Slovnaft AS is engaged in processing crude oil and motor fuels, heating oils and other products, their distribution and sale to wholesale customers as well as to end-customers through its own network of service stations. The group manages its operations in the following segments: Refining and Marketing, Retail, and Other segments. Refining and Marketing segment processes crude oil and markets refinery products and plastics. The retail segment operates a network of petrol stations. It generates maximum revenue from the Refining and Marketing segment. Geographically, it derives a majority of revenue from the Slovak Republic and also has a presence in Czech Republic, Austria, Hungary, Poland, Germany, Italy, Croatia, Romania, The Netherlands, Serbia, and Other Countries.