PJSC RussNeft (MIC:RNFT) Inventory Turnover : 7.65 (As of Jun. 2024)

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What is PJSC RussNeft 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. PJSC RussNeft's Cost of Goods Sold for the six months ended in Jun. 2024 was ₽100,077 Mil. PJSC RussNeft's Average Total Inventories for the quarter that ended in Jun. 2024 was ₽13,089 Mil. PJSC RussNeft's Inventory Turnover for the quarter that ended in Jun. 2024 was 7.65.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. PJSC RussNeft's Days Inventory for the six months ended in Jun. 2024 was 23.87.

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. PJSC RussNeft's Inventory-to-Revenue for the quarter that ended in Jun. 2024 was 0.09.

PJSC RussNeft Inventory Turnover Historical Data

The historical data trend for PJSC RussNeft'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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PJSC RussNeft Inventory Turnover Chart

PJSC RussNeft Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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17.95

16.44

28.01

29.10

12.40

PJSC RussNeft Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Inventory Turnover	Get a 7-Day Free Trial															17.60	-	6.41	8.16	7.65

PJSC RussNeft Inventory Turnover Calculation

PJSC RussNeft'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. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )
=	172205	/ (	(0	+	13889)	/	1 )
=	172205	/	13889
=	12.40

PJSC RussNeft's Inventory Turnover for the quarter that ended in Jun. 2024 is calculated as

	Inventory Turnover (Q: Jun. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jun. 2024 )	/ (	(Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Jun. 2024 ))	/	count )
=	100077	/ (	(13889	+	12288)	/	2 )
=	100077	/	13088.5
=	7.65

PJSC RussNeft (MIC:RNFT) 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.

PJSC RussNeft's Days Inventory for the six months ended in Jun. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2024 )	/	Cost of Goods Sold (Q: Jun. 2024 )	*	Days in Period
	=	13088.5	/	100077	*	365 / 2
	=	23.87

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.

PJSC RussNeft's Inventory to Revenue for the quarter that ended in Jun. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2024 )	/	Revenue (Q: Jun. 2024 )
	=	13088.5	/	147257
	=	0.09

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.

PJSC RussNeft Inventory Turnover Related Terms

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PJSC RussNeft Business Description

Industry

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Traded in Other Exchanges

N/A

Address

69 Pyatnitskaya Street, Moscow, RUS, 115054

Website

https://www.russneft.ru

PJSC RussNeft is engaged in the exploration, development, production, and marketing of oil and gas. Its operations include oil production, gas production, exploration and reserves, and technological development. The company has activities in Moscow, Raduzhny, Tomsk, Saratov, Bryansk, Ulyanovsk, Khanty-Mansiysk, and Nizhnevartovsk. The company operates in three principal geographical areas: Europe and other export, the Commonwealth of Independent States (the "CIS") and the Russian Federation (Russia).

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