National Refinery (KAR:NRL) Inventory Turnover : 1.58 (As of Sep. 2024)

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What is National Refinery 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. National Refinery's Cost of Goods Sold for the three months ended in Sep. 2024 was ₨73,273 Mil. National Refinery's Average Total Inventories for the quarter that ended in Sep. 2024 was ₨46,253 Mil. National Refinery's Inventory Turnover for the quarter that ended in Sep. 2024 was 1.58.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. National Refinery's Days Inventory for the three months ended in Sep. 2024 was 57.60.

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. National Refinery's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 0.69.

National Refinery Inventory Turnover Historical Data

The historical data trend for National Refinery'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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National Refinery Inventory Turnover Chart

National Refinery Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Inventory Turnover

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6.73

7.44

6.45

5.81

6.19

National Refinery Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Inventory Turnover	Get a 7-Day Free Trial															1.13	1.51	1.38	1.33	1.58

National Refinery Inventory Turnover Calculation

National Refinery's Inventory Turnover for the fiscal year that ended in Jun. 2024 is calculated as

	Inventory Turnover (A: Jun. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Jun. 2024 )	/ (	(Total Inventories (A: Jun. 2023 )	+	Total Inventories (A: Jun. 2024 ))	/	count )
=	316609.825	/ (	(50723.087	+	51522.268)	/	2 )
=	316609.825	/	51122.6775
=	6.19

National Refinery's Inventory Turnover for the quarter that ended in Sep. 2024 is calculated as

	Inventory Turnover (Q: Sep. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2024 )	/ (	(Total Inventories (Q: Jun. 2024 )	+	Total Inventories (Q: Sep. 2024 ))	/	count )
=	73273.053	/ (	(51522.268	+	40984.264)	/	2 )
=	73273.053	/	46253.266
=	1.58

National Refinery (KAR:NRL) 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.

National Refinery's Days Inventory for the three months ended in Sep. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2024 )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
	=	46253.266	/	73273.053	*	365 / 4
	=	57.60

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.

National Refinery's Inventory to Revenue for the quarter that ended in Sep. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2024 )	/	Revenue (Q: Sep. 2024 )
	=	46253.266	/	66975.812
	=	0.69

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.

National Refinery Inventory Turnover Related Terms

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National Refinery Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » National Refinery Ltd (KAR:NRL) » Definitions » Inventory Turnover

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Address

7-B, Korangi Industrial Area, P.O. Box 8228, Karachi, PAK, 74900

Website

http://www.nrlpak.com

National Refinery Ltd is a Pakistan-based company engaged in manufacturing and supplying fuel products, lubes, BTX, asphalts and specialty products for domestic consumption and export. It is also involved in the crude oil refining business. The company operates through two segments namely Fuel and Lube. The Fuel segment, which is the key revenue driver, is engaged in the production of high-speed diesel, naphtha, motor gasoline, liquefied petroleum gas, jet fuels, and furnace oil. The Lube segment produces multiple grades of lube base oils, bitumen, waxes and rubber process oil and some quantities of other fuel products. It derives maximum revenue from Fuel Segment.

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