Ashdod Refinery (XTAE:ARF) Inventory Turnover : 2.27 (As of Dec. 2024)

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What is Ashdod Refinery 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. Ashdod Refinery's Cost of Goods Sold for the three months ended in Dec. 2024 was ₪2,462 Mil. Ashdod Refinery's Average Total Inventories for the quarter that ended in Dec. 2024 was ₪1,084 Mil. Ashdod Refinery's Inventory Turnover for the quarter that ended in Dec. 2024 was 2.27.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Ashdod Refinery's Days Inventory for the three months ended in Dec. 2024 was 40.18.

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. Ashdod Refinery's Inventory-to-Revenue for the quarter that ended in Dec. 2024 was 0.43.

Ashdod Refinery Inventory Turnover Historical Data

The historical data trend for Ashdod Refinery'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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Ashdod Refinery Inventory Turnover Chart

Ashdod Refinery Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Dec24

Inventory Turnover

11.38

14.26

11.03

11.09

Ashdod Refinery Quarterly Data
	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Inventory Turnover	Get a 7-Day Free Trial								2.63	2.13	2.07	2.41	2.27

Ashdod Refinery Inventory Turnover Calculation

Ashdod Refinery's Inventory Turnover for the fiscal year that ended in Dec. 2024 is calculated as

	Inventory Turnover (A: Dec. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2024 )	/ (	(Total Inventories (A: Dec. 2023 )	+	Total Inventories (A: Dec. 2024 ))	/	count )
=	11272.251	/ (	(1041.496	+	991.901)	/	2 )
=	11272.251	/	1016.6985
=	11.09

Ashdod Refinery's Inventory Turnover for the quarter that ended in Dec. 2024 is calculated as

	Inventory Turnover (Q: Dec. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2024 )	/ (	(Total Inventories (Q: Sep. 2024 )	+	Total Inventories (Q: Dec. 2024 ))	/	count )
=	2462.041	/ (	(1176.112	+	991.901)	/	2 )
=	2462.041	/	1084.0065
=	2.27

Ashdod Refinery (XTAE:ARF) 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.

Ashdod Refinery's Days Inventory for the three months ended in Dec. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2024 )	/	Cost of Goods Sold (Q: Dec. 2024 )	*	Days in Period
	=	1084.0065	/	2462.041	*	365 / 4
	=	40.18

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.

Ashdod Refinery's Inventory to Revenue for the quarter that ended in Dec. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2024 )	/	Revenue (Q: Dec. 2024 )
	=	1084.0065	/	2518.721
	=	0.43

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.

Ashdod Refinery Inventory Turnover Related Terms

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Ashdod Refinery Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Ashdod Refinery Ltd (XTAE:ARF) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Hanet 1, Ashdod, ISR, 7752169

Website

https://www.paz.co.il

Ashdod Refinery Ltd is a company involved in imports and refining of crude oil and intermediates for petroleum distillates intended for marketing in the local market and for export purposes.

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