Viet Nam Petroleum Transport JSC (STC:VIP) Inventory Turnover : 1.33 (As of Mar. 2024)

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What is Viet Nam Petroleum Transport JSC 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. Viet Nam Petroleum Transport JSC's Cost of Goods Sold for the three months ended in Mar. 2024 was ₫99,948 Mil. Viet Nam Petroleum Transport JSC's Average Total Inventories for the quarter that ended in Mar. 2024 was ₫75,074 Mil. Viet Nam Petroleum Transport JSC's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.33.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Viet Nam Petroleum Transport JSC's Days Inventory for the three months ended in Mar. 2024 was 68.54.

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. Viet Nam Petroleum Transport JSC's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.59.

Viet Nam Petroleum Transport JSC Inventory Turnover Historical Data

The historical data trend for Viet Nam Petroleum Transport JSC'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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Viet Nam Petroleum Transport JSC Inventory Turnover Chart

Viet Nam Petroleum Transport JSC Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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6.34

5.26

7.01

9.35

5.91

Viet Nam Petroleum Transport JSC Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial															1.74	1.29	1.33	1.53	1.33

Viet Nam Petroleum Transport JSC Inventory Turnover Calculation

Viet Nam Petroleum Transport JSC'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 )
=	432355.19	/ (	(69440.016	+	76802.174)	/	2 )
=	432355.19	/	73121.095
=	5.91

Viet Nam Petroleum Transport JSC's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

	Inventory Turnover (Q: Mar. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2024 )	/ (	(Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )
=	99947.852	/ (	(76802.174	+	73346.257)	/	2 )
=	99947.852	/	75074.2155
=	1.33

Viet Nam Petroleum Transport JSC (STC:VIP) 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.

Viet Nam Petroleum Transport JSC's Days Inventory for the three months ended in Mar. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2024 )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
	=	75074.2155	/	99947.852	*	365 / 4
	=	68.54

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.

Viet Nam Petroleum Transport JSC's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	75074.2155	/	128299.991
	=	0.59

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.

Viet Nam Petroleum Transport JSC Inventory Turnover Related Terms

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Viet Nam Petroleum Transport JSC (STC:VIP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Viet Nam Petroleum Transport JSC (STC:VIP) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

37 Phan Boi Chau, Quang Trung Ward, Hong Bang District, Hai Phong City, VNM

Website

http://www.vipco.com.vn

Viet Nam Petroleum Transport JSC is a Vietnam based company engaged in the marine transportation of petroleum and petroleum products. It also offers shipping agency, ship brokerage, customs brokerage, and business travel and inbound tourism services. The other activities of the company are trading in petroleum and infrastructure; trading in materials, equipment, spare parts; and constructing civil, industrial, traffic works and technical infrastructure for urban area and industrial zone.

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