PhosAgro PJSC (MIC:PHOR) Inventory Turnover: 1.45 (As of Sep. 2023)

What is PhosAgro PJSC Inventory Turnover?

PhosAgro PJSC MIC:PHOR +0.70% 17 Inventory Turnover is 1.45 as of Sep. 2023. GuruFocus rates MIC:PHOR with a GF Score™ of 17/100.

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. PhosAgro PJSC's Cost of Goods Sold for the three months ended in Sep. 2023 was ₽62,241 Mil. PhosAgro PJSC's Average Total Inventories for the quarter that ended in Sep. 2023 was ₽42,834 Mil. PhosAgro PJSC's Inventory Turnover for the quarter that ended in Sep. 2023 was 1.45.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. PhosAgro PJSC's Days Inventory for the three months ended in Sep. 2023 was 62.80.

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. PhosAgro PJSC's Inventory-to-Revenue for the quarter that ended in Sep. 2023 was 0.37.

PhosAgro PJSC (MIC:PHOR) 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.

PhosAgro PJSC's Days Inventory for the three months ended in Sep. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2023 )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
	=	42834	/	62241	*	365 / 4
	=	62.80

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.

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

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2023 )	/	Revenue (Q: Sep. 2023 )
	=	42834	/	116133
	=	0.37

* 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.

PhosAgro PJSC Inventory Turnover Related Terms

PhosAgro PJSC Inventory Turnover Historical Data

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The historical data trend for PhosAgro PJSC's Inventory Turnover can be seen below:

PhosAgro PJSC Inventory Turnover Chart

PhosAgro PJSC Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Inventory Turnover

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4.34

4.46

5.56

6.10

6.68

PhosAgro PJSC Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Inventory Turnover	Get a 7-Day Free Trial															1.76	1.46	1.66	1.46	1.45

17GF Score

PhosAgro PJSC MIC:PHOR

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PhosAgro PJSC Inventory Turnover Calculation

PhosAgro PJSC's Inventory Turnover for the fiscal year that ended in Dec. 2022 is calculated as

	Inventory Turnover (A: Dec. 2022 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2022 )	/ (	(Total Inventories (A: Dec. 2021 )	+	Total Inventories (A: Dec. 2022 ))	/	count )
=	269018	/ (	(41177	+	39349)	/	2 )
=	269018	/	40263
=	6.68

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

	Inventory Turnover (Q: Sep. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2023 )	/ (	(Total Inventories (Q: Jun. 2023 )	+	Total Inventories (Q: Sep. 2023 ))	/	count )
=	62241	/ (	(41584	+	44084)	/	2 )
=	62241	/	42834
=	1.45

Frequently Asked Questions Learn more about Inventory Turnover →

What does a Inventory Turnover of 1.45 mean?

PhosAgro PJSC (MIC:PHOR) has a Inventory Turnover of 1.45 as of Sep. 2023. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on PhosAgro PJSC and its competitors.

Is PhosAgro PJSC's Inventory Turnover too high?

PhosAgro PJSC's current Inventory Turnover is 1.45. Overall, PhosAgro PJSC has a GF Score™ of 17/100, reflecting its overall financial health beyond just this single metric.

How does PhosAgro PJSC's Inventory Turnover compare to CTVA and CF?

PhosAgro PJSC's Inventory Turnover of 1.45 can be compared against companies in the Agriculture 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 Agriculture company?

A good Inventory Turnover depends on the Agriculture 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 PhosAgro PJSC and its competitors. PhosAgro PJSC's current Inventory Turnover is 1.45. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is PhosAgro PJSC stock overvalued right now?

PhosAgro PJSC (MIC:PHOR) has a current Inventory Turnover of 1.45. The current Inventory Turnover is 1.45. PhosAgro PJSC's overall GF Score™ is 17/100. 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 PhosAgro PJSC (MIC:PHOR), the current Inventory Turnover is 1.45 as of Sep. 2023. 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.

PhosAgro PJSC Business Description

Industry Basic Materials Agriculture

Comparable Companies MIC:AKRN CTVA TSX:NTR SAU:2020 CF SZSE:000792 MOS OSL:YAR FMC ADX:FERTIGLB XTAE:ICL NSE:PIIND BOM:590024 NSE:UPL SZSE:000408 CAI:MFPC SHSE:600096 IST:GUBRF AMM:JOPH BOM:506395

Address Leninsky Prospekt, Apartment 55/1, Building 1, Moscow, RUS, 119333

Website https://www.phosagro.com

PhosAgro PJSC produces and distributes fertilizer to the agricultural industry. The company has two segments organized by product: phosphate and nitrogen. The phosphate segment mines apatite-nepheline ore and then processes the ore into sulfate of potash fertilizer. The nitrogen segment produces nitrogen and ammonia-based fertilizers. To compete on cost, the firm controls its logistics operations through the ownership of ships, ports, and railroad cars. It generates revenue throughout the world, with Russia and Europe being its biggest markets.

17GF Score

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