National Refinery (KAR:NRL) Inventory Turnover: 1.69 (As of Mar. 2026)

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KAR:NRL National Refinery Ltd KAR:NRL
71 GF Score
Price ₨382.24
GF Value ₨331.92
Valuation Modestly Overvalued
! 4 Warning Signs
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What is National Refinery Inventory Turnover?

National Refinery KAR:NRL -1.47% 71 Inventory Turnover is 1.69 as of Mar. 2026. GuruFocus rates KAR:NRL with a GF Score™ of 71/100 and a GF Value™ of ₨331.92 (Modestly Overvalued). The stock has 4 warning signs investors should review.

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 Mar. 2026 was ₨101,880 Mil. National Refinery's Average Total Inventories for the quarter that ended in Mar. 2026 was ₨60,164 Mil. National Refinery's Inventory Turnover for the quarter that ended in Mar. 2026 was 1.69.

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 Mar. 2026 was 53.89.

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 Mar. 2026 was 0.51.

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 Mar. 2026 is calculated as:

Days Inventory =Average Total Inventories (Q: Mar. 2026 )/Cost of Goods Sold (Q: Mar. 2026 )*Days in Period
=60163.7095/101880.218*365 / 4
=53.89

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 Mar. 2026 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Mar. 2026 ) / Revenue (Q: Mar. 2026 )
=60163.7095 / 117034.348
=0.51

* 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

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

National Refinery Inventory Turnover Historical Data

* Premium members only.

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.

National Refinery Inventory Turnover Chart

National Refinery Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Inventory Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.44 6.45 5.81 6.19 7.56

National Refinery Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Inventory Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.20 2.59 2.18 2.32 1.69
KAR:NRL
71GF Score
National Refinery Ltd KAR:NRL
Inventory Turnover is just one metric. See GF Score™, valuation, warning signs, and more.
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National Refinery Inventory Turnover Calculation

National Refinery's Inventory Turnover for the fiscal year that ended in Jun. 2025 is calculated as

Inventory Turnover (A: Jun. 2025 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (A: Jun. 2025 ) / ((Total Inventories (A: Jun. 2024 ) + Total Inventories (A: Jun. 2025 )) / count )
=313897.084 / ((51522.268 + 31478.835) / 2 )
=313897.084 / 41500.5515
=7.56

National Refinery's Inventory Turnover for the quarter that ended in Mar. 2026 is calculated as

Inventory Turnover (Q: Mar. 2026 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (Q: Mar. 2026 ) / ((Total Inventories (Q: Dec. 2025 ) + Total Inventories (Q: Mar. 2026 )) / count )
=101880.218 / ((40600.707 + 79726.712) / 2 )
=101880.218 / 60163.7095
=1.69

* 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.

Frequently Asked Questions Learn more about Inventory Turnover →
What does a Inventory Turnover of 1.69 mean?
National Refinery (KAR:NRL) has a Inventory Turnover of 1.69 as of Mar. 2026. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on National Refinery and its competitors.
Is National Refinery's Inventory Turnover too high?
National Refinery's current Inventory Turnover is 1.69. Overall, National Refinery has a GF Score™ of 71/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does National Refinery's Inventory Turnover compare to VLO and MPC?
National Refinery's Inventory Turnover of 1.69 can be compared against companies in the Oil & Gas industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Inventory Turnover for an Oil & Gas company?
A good Inventory Turnover depends on the Oil & Gas industry context. However, Inventory Turnover should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Inventory Turnover mean?
A high Inventory Turnover can signal that a stock is expensive relative to its fundamentals. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on National Refinery and its competitors. National Refinery's current Inventory Turnover is 1.69. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is National Refinery stock overvalued right now?
Based on GuruFocus' analysis, National Refinery (KAR:NRL) is currently considered Modestly Overvalued. The stock's GF Value™ is ₨331.92, compared to a current price of ₨382.24 — trading 15.2% above its estimated fair value. The current Inventory Turnover is 1.69. National Refinery's overall GF Score™ is 71/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Inventory Turnover calculated?
Inventory Turnover is calculated from a company's financial statements. For National Refinery (KAR:NRL), the current Inventory Turnover is 1.69 as of Mar. 2026. 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.

Is National Refinery (KAR:NRL) Overvalued in 2026?

Based on GuruFocus' analysis, National Refinery stock appears to be overvalued. The current stock price of ₨382.24 is trading 15.2% above its estimated GF Value™ of ₨331.92. GuruFocus considers National Refinery to be Modestly Overvalued.

Key valuation signals for KAR:NRL:

  • Inventory Turnover: 1.69
  • GF Value™: ₨331.92 vs. price of ₨382.24 (15.2% above fair value)
  • GF Score™: 71/100 with 4 warning signs

No single metric tells the full story. See the KAR:NRL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

National Refinery Business Description

Industry EnergyOil & Gas
Address 7-B, Korangi Industrial Area, P.O. Box 8228, Karachi, PAK, 74900
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.
71GF Score

Get the complete analysis for KAR:NRL

Inventory Turnover is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₨382.24
Price
₨331.92
GF Value