Surgutneftegas PJSC (Surgutneftegas PJSC) Total Inventories : $1,444 Mil (As of Jun. 2023)

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What is Surgutneftegas PJSC Total Inventories?

Surgutneftegas PJSC's total inventories for the quarter that ended in Jun. 2023 was $1,444 Mil. Surgutneftegas PJSC's average total inventories from the quarter that ended in Jun. 2021 to the quarter that ended in Jun. 2023 was $1,379 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Surgutneftegas PJSC's Net-Net Working Capital per share for the quarter that ended in Jun. 2023 was $-2.09.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Surgutneftegas PJSC's Days Inventory for the six months ended in Jun. 2023 was 187.44.

Inventory Turnover measures how fast the company turns over its inventory within a year. Surgutneftegas PJSC's Inventory Turnover for the quarter that ended in Jun. 2023 was 0.97.

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. Surgutneftegas PJSC's Inventory-to-Revenue for the quarter that ended in Jun. 2023 was 0.12.

Surgutneftegas PJSC Total Inventories Historical Data

The historical data trend for Surgutneftegas PJSC's Total Inventories 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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Surgutneftegas PJSC Total Inventories Chart

Surgutneftegas PJSC Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Total Inventories

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1,390.52

1,499.71

1,299.22

1,577.12

1,240.57

Surgutneftegas PJSC Semi-Annual Data
	Jun12	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Jun23
Total Inventories	Get a 7-Day Free Trial															1,577.12	1,251.45	1,240.57	1,313.36	1,443.78

Surgutneftegas PJSC Total Inventories Calculation

Total Inventories includes the raw materials, work-in-process goods and completely finished goods of a company. It is a portion of a company's current assets.

Surgutneftegas PJSC (OTCPK:SGTZY) Total Inventories Explanation

Inventory control is an important part of business operation. If a company does not have enough inventory, it may not be able to meet customers' required delivery time. If it has too much inventory, the cost of holding the inventory can be high.

1. In Ben Graham's calculation of Net-Net Working Capital (NNWC), inventory is only considered worth half of its book value.

Surgutneftegas PJSC's Net-Net Working Capital Per Share for the quarter that ended in Jun. 2023 is

	Net-Net Working Capital Per Share (Q: Jun. 2023 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(475.659	+	0.75 * 1620.806	+	0.5 * 1443.783	-	9882.121
-	0	-	5.384)	/	3572.53
=	-2.09

2. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Surgutneftegas 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
	=	1378.57	/	1342.242	*	365 / 2
	=	187.44

3. Inventory Turnover measures how fast the company turns over its inventory within a year.

Surgutneftegas PJSC's Inventory Turnover for the quarter that ended in Jun. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Jun. 2023 )	/	Average Total Inventories (Q: Jun. 2023 )
	=	1342.242	/	1378.57
	=	0.97

4. 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.

Surgutneftegas 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 )
	=	1378.57	/	11303.257
	=	0.12

Be Aware

Manufacturers with durable competitive advantages have the advantage that the products they sell do not change, and therefore will never become obsolete. Buffett likes this advantage.

When identifying manufacturers with durable competitive advantage, look for inventory and net earnings that rise correspondingly. This indicates that the company is finding profitable ways to increase sales which called for an increase in inventory.

Manufacturers with inventories that spike up and down are indicative of competitive industries subject to boom and bust.

Surgutneftegas PJSC Total Inventories Related Terms

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Surgutneftegas PJSC (Surgutneftegas PJSC) Business Description

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SNGS:Russia

Address

ul. Grigoriya Kukuyevitskogo 1, Building No. 1, Khanty-Mansiysky Autonomous Okrug - Yugra, Tyumenskaya Oblast, Surgut, RUS, 628415

Website

http://www.surgutneftegas.ru

Surgutneftegas PJSC or simply Surgutneftegas, is a Russian-based integrated oil and gas company. The company's operations include exploration, production, refinement, and sales of oil and gas. Upstream, it produces oil and gas from fields concentrated in Eastern and Western Serbia. Much of its upstream revenue comes from exporting crude oil. Downstream, Surgutneftegas refines, markets, distributes and sells refined oil products such as gasoline and diesel fuels. Included in its distribution network are oil storage depots, tanker trucks, and filling stations. Similar to its upstream operations, the majority of downstream revenue comes from exporting refined oil products.

Surgutneftegas PJSC (Surgutneftegas PJSC) Headlines

From GuruFocus

Surgutneftegas PJSC Stock Is Believed To Be Significantly Overvalued

By GF Value GF Value • 06-09-2021