INA-Industrija Nafte DD (ZAG:INA) Inventory Turnover : 1.70 (As of Mar. 2024)

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What is INA-Industrija Nafte DD 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. INA-Industrija Nafte DD's Cost of Goods Sold for the three months ended in Mar. 2024 was €719 Mil. INA-Industrija Nafte DD's Average Total Inventories for the quarter that ended in Mar. 2024 was €422 Mil. INA-Industrija Nafte DD's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.70.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. INA-Industrija Nafte DD's Days Inventory for the three months ended in Mar. 2024 was 53.52.

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. INA-Industrija Nafte DD's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.52.

INA-Industrija Nafte DD Inventory Turnover Historical Data

The historical data trend for INA-Industrija Nafte DD'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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INA-Industrija Nafte DD Inventory Turnover Chart

INA-Industrija Nafte DD Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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8.00

6.86

10.14

11.73

8.95

INA-Industrija Nafte DD 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															1.94	2.09	2.45	2.11	1.70

INA-Industrija Nafte DD Inventory Turnover Calculation

INA-Industrija Nafte DD'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 )
=	3325.65	/ (	(398.012	+	345.371)	/	2 )
=	3325.65	/	371.6915
=	8.95

INA-Industrija Nafte DD'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 )
=	719.4	/ (	(345.371	+	498.5)	/	2 )
=	719.4	/	421.9355
=	1.70

INA-Industrija Nafte DD (ZAG:INA) 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.

INA-Industrija Nafte DD'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
	=	421.9355	/	719.4	*	365 / 4
	=	53.52

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.

INA-Industrija Nafte DD'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 )
	=	421.9355	/	808.2
	=	0.52

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.

INA-Industrija Nafte DD Inventory Turnover Related Terms

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INA-Industrija Nafte DD (ZAG:INA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » INA-Industrija Nafte DD (ZAG:INA) » Definitions » Inventory Turnover

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Traded in Other Exchanges

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Address

Avenija Veceslava, Holjevca 10, Zagreb, HRV, 10 020

Website

https://www.ina.hr

INA-Industrija Nafte dd is a medium-sized European oil and gas company. It is engaged in exploration and production of oil and gas deposits, import of natural gas and sale of imported and domestically produced natural gas to industrial consumers and municipal gas distributors, refining and production of oil products through refineries located at Rijeka and Sisak, and Zagreb lubricants plants. Its segments are Exploration and Production of Oil & Gas; Refining & Marketing; Corporate and other. Exploration and Production of Oil & Gas segment include exploration, production, and selling of crude oil and natural gas. Refining & Marketing segment includes crude oil processing, wholesale of refinery products, trading, and logistics.

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