Kazanorgsintez PJSC (Kazanorgsintez PJSC) Inventory Turnover : 2.24 (As of Dec. 2023)

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What is Kazanorgsintez PJSC Inventory Turnover?

Inventory Turnover measures how fast the company turns over its inventory within a year. It is calculated as Cost of Goods Sold divided by Total Inventories. Kazanorgsintez PJSC's Cost of Goods Sold for the six months ended in Dec. 2023 was $229 Mil. Kazanorgsintez PJSC's Average Total Inventories for the quarter that ended in Dec. 2023 was $102 Mil. Kazanorgsintez PJSC's Inventory Turnover for the quarter that ended in Dec. 2023 was 2.24.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Kazanorgsintez PJSC's Days Inventory for the six months ended in Dec. 2023 was 81.36.

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. Kazanorgsintez PJSC's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.24.

Kazanorgsintez PJSC Inventory Turnover Historical Data

The historical data trend for Kazanorgsintez PJSC's Inventory Turnover 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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Kazanorgsintez PJSC Inventory Turnover Chart

Kazanorgsintez PJSC Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec23

Inventory Turnover

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6.50

6.29

6.83

5.31

4.73

Kazanorgsintez PJSC Semi-Annual Data
	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Jun23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															2.76	2.74	3.62	2.36	2.24

Kazanorgsintez PJSC Inventory Turnover Calculation

Kazanorgsintez PJSC's Inventory Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Inventory Turnover (A: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2023 )	/ (	(Total Inventories (A: Dec. 2020 )	+	Total Inventories (A: Dec. 2023 ))	/	count )
=	476.549	/ (	(105.365	+	96.043)	/	2 )
=	476.549	/	100.704
=	4.73

Kazanorgsintez PJSC's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

	Inventory Turnover (Q: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2023 )	/ (	(Total Inventories (Q: Jun. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	229.114	/ (	(108.244	+	96.043)	/	2 )
=	229.114	/	102.1435
=	2.24

Kazanorgsintez PJSC (OTCPK:AKGZY) Inventory Turnover Explanation

Inventory Turnover measures how fast the company turns over its inventory within a year. A higher Inventory Turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.

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

Kazanorgsintez PJSC's Days Inventory for the six months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	102.1435	/	229.114	*	365 / 2
	=	81.36

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.

Kazanorgsintez PJSC's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	102.1435	/	417.865
	=	0.24

Be Aware

Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate Inventory Turnover. An average inventory is a better indication.

Kazanorgsintez PJSC Inventory Turnover Related Terms

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Kazanorgsintez PJSC (Kazanorgsintez PJSC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Kazanorgsintez PJSC (OTCPK:AKGZY) » Definitions » Inventory Turnover

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KZOSP:Russia KZOS:Russia

Address

Belomorskaya Street 101, Republic of Tatarstan, Kazan, RUS, 420051

Website

http://www.kazanorgsintez.com

Kazanorgsintez PJSC and its subsidiaries is in the production of chemical products and derivatives mainly ethylene polymers and co-polymers which are marketed and sold mainly in Russian federation. The company's main facilities are located in Kazan, Republic of Tatarstan and Russian federation.

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