Phoenix Petroleum Philippines (PHS:PNX3B.PFD) Inventory Turnover : 15.35 (As of Sep. 2023)

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What is Phoenix Petroleum Philippines 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. Phoenix Petroleum Philippines's Cost of Goods Sold for the three months ended in Sep. 2023 was ₱13,988.54 Mil. Phoenix Petroleum Philippines's Average Total Inventories for the quarter that ended in Sep. 2023 was ₱911.29 Mil. Phoenix Petroleum Philippines's Inventory Turnover for the quarter that ended in Sep. 2023 was 15.35.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Phoenix Petroleum Philippines's Days Inventory for the three months ended in Sep. 2023 was 5.94.

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. Phoenix Petroleum Philippines's Inventory-to-Revenue for the quarter that ended in Sep. 2023 was 0.06.

Phoenix Petroleum Philippines Inventory Turnover Historical Data

The historical data trend for Phoenix Petroleum Philippines'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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Phoenix Petroleum Philippines Inventory Turnover Chart

Phoenix Petroleum Philippines Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Inventory Turnover

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6.65

7.53

8.32

23.74

34.48

Phoenix Petroleum Philippines 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															5.95	9.64	8.25	12.34	15.35

Phoenix Petroleum Philippines Inventory Turnover Calculation

Phoenix Petroleum Philippines'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 )
=	121864.541	/ (	(5390.608	+	1678.208)	/	2 )
=	121864.541	/	3534.408
=	34.48

Phoenix Petroleum Philippines'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 )
=	13988.536	/ (	(1008.486	+	814.087)	/	2 )
=	13988.536	/	911.2865
=	15.35

Phoenix Petroleum Philippines (PHS:PNX3B.PFD) 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.

Phoenix Petroleum Philippines'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
	=	911.2865	/	13988.536	*	365 / 4
	=	5.94

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.

Phoenix Petroleum Philippines'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 )
	=	911.2865	/	15245.306
	=	0.06

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.

Phoenix Petroleum Philippines Inventory Turnover Related Terms

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Phoenix Petroleum Philippines (PHS:PNX3B.PFD) Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Phoenix Petroleum Philippines Inc (PHS:PNX3B.PFD) » Definitions » Inventory Turnover

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Traded in Other Exchanges

PNX4.PFD:Philippines PNX:Philippines

Address

Stella Hizon Reyes Road, Phoenix Bulk Depot, Barrio Pampanga, Lanang, Davao, PHL, 8000

Website

https://www.phoenixfuels.ph

Phoenix Petroleum Philippines Inc is a Philippines-based company. Its segments include Trading, which is the key revenue driver, engaged in marketing, merchandising, purchasing, selling, dealing, acquiring, disposing, and distribution of goods and wares such as petroleum products (on a wholesale basis), adhesives, glues, bonding agents, epoxy resins, lubricants, and other products; Depot and logistics services engaged in operating oil depots, storage facilities and provides logistics services to various entities; and Real estate involved in real estate development, management, and operations. Geographically, the company operates in the Philippines, Singapore, and Vietnam. The majority of its revenue is generated from Singapore.

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