Toplivo AD (XBUL:TOPL) Inventory-to-Revenue : 0.45 (As of Jun. 2023)

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What is Toplivo AD Inventory-to-Revenue?

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. Toplivo AD's Average Total Inventories for the quarter that ended in Jun. 2023 was лв46.8 Mil. Toplivo AD's Revenue for the six months ended in Jun. 2023 was лв104.6 Mil. Toplivo AD's Inventory-to-Revenue for the quarter that ended in Jun. 2023 was 0.45.

Toplivo AD's Inventory-to-Revenue for the quarter that ended in Jun. 2023 increased from Dec. 2022 (0.30) to Dec. 2022 (0.45)

An increase in Inventory-to-Revenue from one quarter to the next indicates that one of the following is happening:

1. investment in inventory is growing more rapidly than revenue
2. revenue are dropping
No matter which situation is causing the problem, an increase in the Inventory-to-Revenue may signal an oncoming cash flow problem.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Toplivo AD's Days Inventory for the six months ended in Jun. 2023 was 87.62.

Inventory Turnover measures how fast the company turns over its inventory within a year. Toplivo AD's Inventory Turnover for the quarter that ended in Jun. 2023 was 2.08.

Toplivo AD Inventory-to-Revenue Historical Data

The historical data trend for Toplivo AD's Inventory-to-Revenue 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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Toplivo AD Inventory-to-Revenue Chart

Toplivo AD Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Inventory-to-Revenue

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0.21

0.24

0.26

0.21

0.16

Toplivo AD Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Inventory-to-Revenue	Get a 7-Day Free Trial															0.52	0.37	0.35	0.30	0.45

Competitive Comparison of Toplivo AD's Inventory-to-Revenue

For the Oil & Gas Refining & Marketing subindustry, Toplivo AD's Inventory-to-Revenue, along with its competitors' market caps and Inventory-to-Revenue 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.

Toplivo AD's Inventory-to-Revenue Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Toplivo AD's Inventory-to-Revenue distribution charts can be found below:

* The bar in red indicates where Toplivo AD's Inventory-to-Revenue falls into.

Toplivo AD Inventory-to-Revenue Calculation

Toplivo AD's Inventory-to-Revenue for the fiscal year that ended in Dec. 2022 is calculated as

	Inventory-to-Revenue (A: Dec. 2022 )
=	Average Total Inventories					/	Revenue
=	( (Total Inventories (A: Dec. 2021 )	+	Total Inventories (A: Dec. 2022 ))	/	count )	/	Revenue (A: Dec. 2022 )
=	( (40.325	+	50.798)	/	2 )	/	285.991
=	45.5615					/	285.991
=	0.16

Toplivo AD's Inventory-to-Revenue for the quarter that ended in Jun. 2023 is calculated as

	Inventory-to-Revenue (Q: Jun. 2023 )
=	Average Total Inventories					/	Revenue
=	( (Total Inventories (Q: Dec. 2022 )	+	Total Inventories (Q: Jun. 2023 ))	/	count )	/	Revenue (Q: Jun. 2023 )
=	( (50.798	+	42.729)	/	2 )	/	104.61
=	46.7635					/	104.61
=	0.45

Toplivo AD (XBUL:TOPL) Inventory-to-Revenue Explanation

An increase in Inventory-to-Revenue from one quarter to the next indicates that one of the following is happening:

Likewise, a decrease in the Inventory-to-Revenue from one quarter to next indicates that one of these is occurring:

1. investment in inventory is shrinking in relation to revenue
2. revenue are increasing
No matter which situation is causing the reduction in the Inventory-to-Revenue, either one suggests that business's inventory levels and its cash flow are effectively managed.

More Related Terms:

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

Toplivo AD's Days Inventory for the six months ended in Jun. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2023 )	/	Cost of Goods Sold (Q: Jun. 2023 )	*	Days in Period
	=	46.7635	/	97.4	*	365 / 2
	=	87.62

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

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

Inventory Turnover	=	Cost of Goods Sold (Q: Jun. 2023 )	/	Average Total Inventories (Q: Jun. 2023 )
	=	97.4	/	46.7635
	=	2.08

Toplivo AD Inventory-to-Revenue Related Terms

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Toplivo AD (XBUL:TOPL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Toplivo AD (XBUL:TOPL) » Definitions » Inventory-to-Revenue

Comparable Companies

Traded in Other Exchanges

N/A

Address

Solunska Str 2, Sofia, BGR, 1000

Website

http://www.toplivo.bg

Toplivo AD is engaged in the provision of petroleum products like propane-butane, liquid petrol and liquid petroleum gas. It also offers construction and heating materials like firewood, wooden materials, decorating tiles, briquettes, wood, and metals.

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