Surgutneftegas PJSC (MIC:SNGS) Inventory Turnover: 1.02 (As of Jun. 2023)

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MIC:SNGS Surgutneftegas PJSC MIC:SNGS
17 GF Score
Price ₽13.03
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What is Surgutneftegas PJSC Inventory Turnover?

Surgutneftegas PJSC MIC:SNGS -3.37% 17 Inventory Turnover is 1.02 as of Jun. 2023. GuruFocus rates MIC:SNGS 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. Surgutneftegas PJSC's Cost of Goods Sold for the six months ended in Jun. 2023 was ₽108,935 Mil. Surgutneftegas PJSC's Average Total Inventories for the quarter that ended in Jun. 2023 was ₽106,857 Mil. Surgutneftegas PJSC's Inventory Turnover for the quarter that ended in Jun. 2023 was 1.02.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Surgutneftegas PJSC's Days Inventory for the six months ended in Jun. 2023 was 179.02.

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. Surgutneftegas PJSC's Inventory-to-Revenue for the quarter that ended in Jun. 2023 was 0.12.

Surgutneftegas PJSC  (MIC:SNGS) 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.

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

Days Inventory =Average Total Inventories (Q: Jun. 2023 )/Cost of Goods Sold (Q: Jun. 2023 )*Days in Period
=106856.5/108935*365 / 2
=179.02

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.

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

Inventory-to-Revenue=Average Total Inventories (Q: Jun. 2023 ) / Revenue (Q: Jun. 2023 )
=106856.5 / 917361
=0.12

* 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.

Surgutneftegas PJSC Inventory Turnover Related Terms

Surgutneftegas PJSC Inventory Turnover Historical Data

* Premium members only.

The historical data trend for Surgutneftegas 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.

Surgutneftegas PJSC Inventory Turnover Chart

Surgutneftegas PJSC Annual Data
Trend Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20
Inventory Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 8.03 9.62 2.05 2.06 2.06

Surgutneftegas PJSC Semi-Annual Data
Jun12 Dec12 Jun13 Dec13 Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Jun23
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 1.07 1.15 0.99 1.01 1.02
MIC:SNGS
17GF Score
Surgutneftegas PJSC MIC:SNGS
Inventory Turnover is just one metric. See GF Score™, valuation, warning signs, and more.
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Surgutneftegas PJSC Inventory Turnover Calculation

Surgutneftegas PJSC's Inventory Turnover for the fiscal year that ended in Dec. 2020 is calculated as

Inventory Turnover (A: Dec. 2020 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (A: Dec. 2020 ) / ((Total Inventories (A: Dec. 2019 ) + Total Inventories (A: Dec. 2020 )) / count )
=196145 / ((97736 + 92450) / 2 )
=196145 / 95093
=2.06

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

Inventory Turnover (Q: Jun. 2023 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (Q: Jun. 2023 ) / ((Total Inventories (Q: Jun. 2021 ) + Total Inventories (Q: Jun. 2023 )) / count )
=108935 / ((96537 + 117176) / 2 )
=108935 / 106856.5
=1.02

* 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 1.02 mean?
Surgutneftegas PJSC (MIC:SNGS) has a Inventory Turnover of 1.02 as of Jun. 2023. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Surgutneftegas PJSC and its competitors.
Is Surgutneftegas PJSC's Inventory Turnover too high?
Surgutneftegas PJSC's current Inventory Turnover is 1.02. Overall, Surgutneftegas PJSC has a GF Score™ of 17/100, reflecting its overall financial health beyond just this single metric.
How does Surgutneftegas PJSC's Inventory Turnover compare to XOM and CVX?
Surgutneftegas PJSC's Inventory Turnover of 1.02 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 Surgutneftegas PJSC and its competitors. Surgutneftegas PJSC's current Inventory Turnover is 1.02. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Surgutneftegas PJSC stock overvalued right now?
Surgutneftegas PJSC (MIC:SNGS) has a current Inventory Turnover of 1.02. The current Inventory Turnover is 1.02. Surgutneftegas 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 Surgutneftegas PJSC (MIC:SNGS), the current Inventory Turnover is 1.02 as of Jun. 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.

Surgutneftegas PJSC Business Description

Industry EnergyOil & Gas
Address ul. Grigoriya Kukuyevitskogo 1, Building No. 1, Khanty-Mansiysky Autonomous Okrug - Yugra, Tyumenskaya Oblast, Surgut, RUS, 628415
Surgutneftegas PJSC or simply Surgutneftegas, is a Russian-based integrated oil and gas company. The company's operations include exploration, production, refinement, and sales of oil and gas. Upstream, it produces oil and gas from fields concentrated in Eastern and Western Serbia. Much of its upstream revenue comes from exporting crude oil. Downstream, Surgutneftegas refines, markets, distributes and sells refined oil products such as gasoline and diesel fuels. Included in its distribution network are oil storage depots, tanker trucks, and filling stations. Similar to its upstream operations, the majority of downstream revenue comes from exporting refined oil products.
17GF Score

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