Petroleo Brasileiro Petrobras (XBUL:PJXA) Days Inventory : 59.36 (As of Sep. 2024)

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What is Petroleo Brasileiro Petrobras Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Petroleo Brasileiro Petrobras's Average Total Inventories for the three months ended in Sep. 2024 was лв13,756 Mil. Petroleo Brasileiro Petrobras's Cost of Goods Sold for the three months ended in Sep. 2024 was лв21,147 Mil. Hence, Petroleo Brasileiro Petrobras's Days Inventory for the three months ended in Sep. 2024 was 59.36.

The historical rank and industry rank for Petroleo Brasileiro Petrobras's Days Inventory or its related term are showing as below:

XBUL:PJXA' s Days Inventory Range Over the Past 10 Years
Min: 40.18 Med: 56.44 Max: 76.33
Current: 59.14

During the past 13 years, Petroleo Brasileiro Petrobras's highest Days Inventory was 76.33. The lowest was 40.18. And the median was 56.44.

XBUL:PJXA's Days Inventory is ranked worse than
72.87% of 704 companies
in the Oil & Gas industry
Industry Median: 31.715 vs XBUL:PJXA: 59.14

Petroleo Brasileiro Petrobras's Days Inventory declined from Sep. 2023 (61.05) to Sep. 2024 (59.36).

Inventory Turnover measures how fast the company turns over its inventory within a year. Petroleo Brasileiro Petrobras's Inventory Turnover for the three months ended in Sep. 2024 was 1.54.

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. Petroleo Brasileiro Petrobras's Inventory-to-Revenue for the three months ended in Sep. 2024 was 0.32.

Petroleo Brasileiro Petrobras Days Inventory Historical Data

The historical data trend for Petroleo Brasileiro Petrobras'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.

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Petroleo Brasileiro Petrobras Days Inventory Chart

Petroleo Brasileiro Petrobras Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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68.54

86.68

54.68

49.19

62.02

Petroleo Brasileiro Petrobras 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															61.05	57.05	62.85	60.30	59.36

Competitive Comparison of Petroleo Brasileiro Petrobras's Days Inventory

For the Oil & Gas Integrated subindustry, Petroleo Brasileiro Petrobras'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.

Petroleo Brasileiro Petrobras's Days Inventory Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Petroleo Brasileiro Petrobras's Days Inventory falls into.

Petroleo Brasileiro Petrobras Days Inventory Calculation

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

Petroleo Brasileiro Petrobras'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
=	( (16340.678	+	14296.929)	/	2 )	/	90153.858	*	365
=	15318.8035					/	90153.858	*	365
=	62.02

Petroleo Brasileiro Petrobras'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
=	( (13660.352	+	13852.07)	/	2 )	/	21146.649	*	365 / 4
=	13756.211					/	21146.649	*	365 / 4
=	59.36

Petroleo Brasileiro Petrobras (XBUL:PJXA) 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.

Petroleo Brasileiro Petrobras's Inventory Turnover for the three months ended in Sep. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	21146.649	/	13756.211
	=	1.54

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.

Petroleo Brasileiro Petrobras's Inventory to Revenue for the three months ended in Sep. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	13756.211	/	43492
	=	0.32

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.

Petroleo Brasileiro Petrobras Days Inventory Related Terms

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

Petroleo Brasileiro Petrobras Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Petroleo Brasileiro SA Petrobras (XBUL:PJXA) » Definitions » Days Inventory

Traded in Other Exchanges

PBR.A:USA PBR:USA PBRN:Mexico 0KHP:UK XPBRA:Spain XPBR:Spain PJXC:Germany PJXB:Germany PJXA:Germany PJX:Germany PJXC:Germany PJXB:Germany PJXA:Germany PJX:Germany PETR4:Brazil PETR3:Brazil

Address

Avenida Republica do Chile, 65, Rio de Janeiro, RJ, BRA, 20031-912

Website

https://www.petrobras.com.br

Petrobras is a Brazil-based integrated energy company controlled by the Brazilian government. The company focuses on exploration and production of oil and gas in Brazilian offshore fields. Production in 2023 was 2.8 million barrels of oil equivalent a day (80% oil production), and reserves stood at 10.9 billion boe (85% oil). At end-2023, Petrobras operated 10 refineries in Brazil with capacity of 1.8 million barrels a day and distributes refined products and natural gas throughout Brazil.

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