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PhosAgro PJSC (MIC:PHOR) Inventory Turnover : 1.45 (As of Sep. 2023)


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What is PhosAgro PJSC 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. PhosAgro PJSC's Cost of Goods Sold for the three months ended in Sep. 2023 was ₽62,241 Mil. PhosAgro PJSC's Average Total Inventories for the quarter that ended in Sep. 2023 was ₽42,834 Mil. PhosAgro PJSC's Inventory Turnover for the quarter that ended in Sep. 2023 was 1.45.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. PhosAgro PJSC's Days Inventory for the three months ended in Sep. 2023 was 62.80.

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. PhosAgro PJSC's Inventory-to-Revenue for the quarter that ended in Sep. 2023 was 0.37.


PhosAgro PJSC Inventory Turnover Historical Data

The historical data trend for PhosAgro PJSC'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.

* Premium members only.

PhosAgro PJSC Inventory Turnover Chart

PhosAgro PJSC Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Inventory Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.34 4.46 5.56 6.10 6.68

PhosAgro PJSC Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
Inventory Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.76 1.46 1.66 1.46 1.45

PhosAgro PJSC Inventory Turnover Calculation

PhosAgro PJSC's Inventory Turnover for the fiscal year that ended in Dec. 2022 is calculated as

Inventory Turnover (A: Dec. 2022 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (A: Dec. 2022 ) / ((Total Inventories (A: Dec. 2021 ) + Total Inventories (A: Dec. 2022 )) / count )
=269018 / ((41177 + 39349) / 2 )
=269018 / 40263
=6.68

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

Inventory Turnover (Q: Sep. 2023 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (Q: Sep. 2023 ) / ((Total Inventories (Q: Jun. 2023 ) + Total Inventories (Q: Sep. 2023 )) / count )
=62241 / ((41584 + 44084) / 2 )
=62241 / 42834
=1.45

* 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.


PhosAgro PJSC  (MIC:PHOR) 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.

PhosAgro PJSC's Days Inventory for the three months ended in Sep. 2023 is calculated as:

Days Inventory =Average Total Inventories (Q: Sep. 2023 )/Cost of Goods Sold (Q: Sep. 2023 )*Days in Period
=42834/62241*365 / 4
=62.80

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.

PhosAgro PJSC's Inventory to Revenue for the quarter that ended in Sep. 2023 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Sep. 2023 ) / Revenue (Q: Sep. 2023 )
=42834 / 116133
=0.37

* 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.


PhosAgro PJSC Inventory Turnover Related Terms

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PhosAgro PJSC (MIC:PHOR) Business Description

Traded in Other Exchanges
N/A
Address
Leninsky Prospekt, Apartment 55/1, Building 1, Moscow, RUS, 119333
PhosAgro PJSC produces and distributes fertilizer to the agricultural industry. The company has two segments organized by product: phosphate and nitrogen. The phosphate segment mines apatite-nepheline ore and then processes the ore into sulfate of potash fertilizer. The nitrogen segment produces nitrogen and ammonia-based fertilizers. To compete on cost, the firm controls its logistics operations through the ownership of ships, ports, and railroad cars. It generates revenue throughout the world, with Russia and Europe being its biggest markets.

PhosAgro PJSC (MIC:PHOR) Headlines

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