Gazprom Neft PJSC (XTER:SCF) Inventory Turnover: 2.31 (As of Jun. 2023)

What is Gazprom Neft PJSC Inventory Turnover?

Gazprom Neft PJSC XTER:SCF 17 Inventory Turnover is 2.31 as of Jun. 2023. GuruFocus rates XTER:SCF 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. Gazprom Neft PJSC's Cost of Goods Sold for the six months ended in Jun. 2023 was €6,730 Mil. Gazprom Neft PJSC's Average Total Inventories for the quarter that ended in Jun. 2023 was €2,918 Mil. Gazprom Neft PJSC's Inventory Turnover for the quarter that ended in Jun. 2023 was 2.31.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Gazprom Neft PJSC's Days Inventory for the six months ended in Jun. 2023 was 79.13.

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. Gazprom Neft PJSC's Inventory-to-Revenue for the quarter that ended in Jun. 2023 was 0.17.

Gazprom Neft PJSC (XTER:SCF) 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.

Gazprom Neft 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
	=	2917.881	/	6729.545	*	365 / 2
	=	79.13

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.

Gazprom Neft 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 )
	=	2917.881	/	17655.186
	=	0.17

* 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.

Gazprom Neft PJSC Inventory Turnover Related Terms

Gazprom Neft PJSC Inventory Turnover Historical Data

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

Gazprom Neft PJSC Inventory Turnover Chart

Gazprom Neft PJSC Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Inventory Turnover

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7.20

7.11

7.27

4.38

6.53

Gazprom Neft PJSC Semi-Annual Data
	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Jun23
Inventory Turnover	Get a 7-Day Free Trial															2.54	2.37	3.44	4.10	2.31

17GF Score

Gazprom Neft PJSC XTER:SCF

Inventory Turnover is just one metric. See GF Score™, valuation, warning signs, and more.

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Gazprom Neft PJSC Inventory Turnover Calculation

Gazprom Neft 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 )
=	16823.631	/ (	(2398.141	+	2751.897)	/	2 )
=	16823.631	/	2575.019
=	6.53

Gazprom Neft 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. 2022 )	+	Total Inventories (Q: Jun. 2023 ))	/	count )
=	6729.545	/ (	(0	+	2917.881)	/	1 )
=	6729.545	/	2917.881
=	2.31

Frequently Asked Questions Learn more about Inventory Turnover →

What does a Inventory Turnover of 2.31 mean?

Gazprom Neft PJSC (XTER:SCF) has a Inventory Turnover of 2.31 as of Jun. 2023. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Gazprom Neft PJSC and its competitors.

Is Gazprom Neft PJSC's Inventory Turnover too high?

Gazprom Neft PJSC's current Inventory Turnover is 2.31. Overall, Gazprom Neft PJSC has a GF Score™ of 17/100, reflecting its overall financial health beyond just this single metric.

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

Gazprom Neft PJSC's Inventory Turnover of 2.31 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 Gazprom Neft PJSC and its competitors. Gazprom Neft PJSC's current Inventory Turnover is 2.31. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Gazprom Neft PJSC stock overvalued right now?

Gazprom Neft PJSC (XTER:SCF) has a current Inventory Turnover of 2.31. The current Inventory Turnover is 2.31. Gazprom Neft 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 Gazprom Neft PJSC (XTER:SCF), the current Inventory Turnover is 2.31 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.

Gazprom Neft PJSC Business Description

Industry Energy Oil & Gas

Comparable Companies MIC:GAZP MIC:LKOH MIC:SNGS MIC:BANE MIC:YAKG SAU:2222 XOM CVX LSE:SHEL SHSE:601857 XPAR:TTE LSE:BP.OSL:EQNR BSP:PETR3 HKSE:00386 MIL:ENI TSX:SU TSX:CVE TSX:IMO BOM:500312

Address 3-5 Pochtamtskaya Street, Saint Petersburg, RUS, 190000

Website https://www.gazprom-neft.com

Gazprom Neft PJSC is a vertically integrated oil company. The company along with its subsidiaries is engaged in the exploration, development of crude oil and gas as well as the production and sale of petroleum products. It operates in two segments namely; the exploration, development, and production of crude oil and natural gas, and oilfield services, and key revenue driver segment includes refining and marketing including processing crude into refined products and purchases, sells and transports crude and refined petroleum products.

17GF Score

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