OAOFY (Tatneft PJSC) Inventory Turnover: 1.26 (As of Jun. 2022)

What is Tatneft PJSC Inventory Turnover?

Tatneft PJSC OAOFY 17 Inventory Turnover is 1.26 as of Jun. 2022. GuruFocus rates OAOFY 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. Tatneft PJSC's Cost of Goods Sold for the six months ended in Jun. 2022 was $1,445 Mil. Tatneft PJSC's Average Total Inventories for the quarter that ended in Jun. 2022 was $1,150 Mil. Tatneft PJSC's Inventory Turnover for the quarter that ended in Jun. 2022 was 1.26.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Tatneft PJSC's Days Inventory for the six months ended in Jun. 2022 was 145.29.

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. Tatneft PJSC's Inventory-to-Revenue for the quarter that ended in Jun. 2022 was 0.09.

Tatneft PJSC (OTCPK:OAOFY) 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.

Tatneft PJSC's Days Inventory for the six months ended in Jun. 2022 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2022 )	/	Cost of Goods Sold (Q: Jun. 2022 )	*	Days in Period
	=	1150.2995	/	1444.949	*	365 / 2
	=	145.29

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.

Tatneft PJSC's Inventory to Revenue for the quarter that ended in Jun. 2022 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2022 )	/	Revenue (Q: Jun. 2022 )
	=	1150.2995	/	12553.147
	=	0.09

* 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.

Tatneft PJSC Inventory Turnover Related Terms

Tatneft PJSC Inventory Turnover Historical Data

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

Tatneft PJSC Inventory Turnover Chart

Tatneft PJSC Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Inventory Turnover

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2.70

2.17

1.89

2.39

2.68

Tatneft PJSC Semi-Annual Data
	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22
Inventory Turnover	Get a 7-Day Free Trial															1.07	1.61	1.55	1.13	1.26

17GF Score

Tatneft PJSC OAOFY

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Tatneft PJSC Inventory Turnover Calculation

Tatneft PJSC's Inventory Turnover for the fiscal year that ended in Dec. 2021 is calculated as

	Inventory Turnover (A: Dec. 2021 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2021 )	/ (	(Total Inventories (A: Dec. 2020 )	+	Total Inventories (A: Dec. 2021 ))	/	count )
=	2278.988	/ (	(603.687	+	1096.396)	/	2 )
=	2278.988	/	850.0415
=	2.68

Tatneft PJSC's Inventory Turnover for the quarter that ended in Jun. 2022 is calculated as

	Inventory Turnover (Q: Jun. 2022 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jun. 2022 )	/ (	(Total Inventories (Q: Dec. 2021 )	+	Total Inventories (Q: Jun. 2022 ))	/	count )
=	1444.949	/ (	(1096.396	+	1204.203)	/	2 )
=	1444.949	/	1150.2995
=	1.26

Frequently Asked Questions Learn more about Inventory Turnover →

What does a Inventory Turnover of 1.26 mean?

Tatneft PJSC (OAOFY) has a Inventory Turnover of 1.26 as of Jun. 2022. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Tatneft PJSC and its competitors.

Is Tatneft PJSC's Inventory Turnover too high?

Tatneft PJSC's current Inventory Turnover is 1.26. Overall, Tatneft PJSC has a GF Score™ of 17/100, reflecting its overall financial health beyond just this single metric.

How does Tatneft PJSC's Inventory Turnover compare to XOM and CVX?

Tatneft PJSC's Inventory Turnover of 1.26 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 Tatneft PJSC and its competitors. Tatneft PJSC's current Inventory Turnover is 1.26. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Tatneft PJSC stock overvalued right now?

Tatneft PJSC (OAOFY) has a current Inventory Turnover of 1.26. The current Inventory Turnover is 1.26. Tatneft 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 Tatneft PJSC (OAOFY), the current Inventory Turnover is 1.26 as of Jun. 2022. 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.

Tatneft PJSC Business Description

Industry Energy Oil & Gas

Comparable Companies MIC:YAKG SAU:2222 XOM CVX LSE:SHEL SHSE:601857 XPAR:TTE LSE:BP.HKSE:00386 OSL:EQNR BSP:PETR3 ADX:ADNOCGAS MIL:ENI TSX:SU TSX:CVE TSX:IMO BKK:PTT BOM:500312 BOG:ECOPETROL WAR:PKN

Address 75 Lenin Street, Republic of Tatarstan, Almetyevsk, RUS, 423450

Website https://www.tatneft.ru

Tatneft PJSC is an integrated oil and gas company based in Russia. Its operations include developing, producing, refining, and retailing oil and gas. Upstream, the company explores and produces oil within Western Russian oilfields. A large portion of its crude oil is sent to its Taneco refinery, or is sold to other Russian refineries. The remaining crude is exported to further markets, mainly Europe. Downstream, Tatneft refines and markets numerous petroleum and gas products. It then captures retail revenue from its filling stations, most of which are in Russia.

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