Petrol AD (XBUL:PET) Days Inventory : 455.75 (As of Mar. 2023)

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What is Petrol AD Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Petrol AD's Average Total Inventories for the three months ended in Mar. 2023 was лв22.6 Mil. Petrol AD's Cost of Goods Sold for the three months ended in Mar. 2023 was лв4.5 Mil. Hence, Petrol AD's Days Inventory for the three months ended in Mar. 2023 was 455.75.

The historical rank and industry rank for Petrol AD's Days Inventory or its related term are showing as below:

XBUL:PET's Days Inventory is not ranked ^*
in the Oil & Gas industry.
Industry Median: 31.94
* Ranked among companies with meaningful Days Inventory only.

Petrol AD's Days Inventory increased from Dec. 2021 (4.67) to Mar. 2023 (455.75). It might indicate that Petrol AD's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Petrol AD's Inventory Turnover for the three months ended in Mar. 2023 was 0.20.

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. Petrol AD's Inventory-to-Revenue for the three months ended in Mar. 2023 was 0.16.

Petrol AD Days Inventory Historical Data

The historical data trend for Petrol AD's Days Inventory 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.

Petrol AD Days Inventory Chart

Petrol AD Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Inventory

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17.34

17.16

21.37

16.32

11.36

Petrol AD Quarterly Data
	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Dec22	Mar23
Days Inventory	Get a 7-Day Free Trial															4.67	757.46	7.46	-	455.75

Competitive Comparison of Petrol AD's Days Inventory

For the Oil & Gas Refining & Marketing subindustry, Petrol AD's Days Inventory, along with its competitors' market caps and Days Inventory data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Petrol AD's Days Inventory Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Petrol AD's Days Inventory distribution charts can be found below:

* The bar in red indicates where Petrol AD's Days Inventory falls into.

Petrol AD Days Inventory Calculation

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

Petrol AD's Days Inventory for the fiscal year that ended in Dec. 2022 is calculated as

	Days Inventory (A: Dec. 2022 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2021 )	+	Total Inventories (A: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2022 )	*	Days in Period
=	( (20.866	+	26.306)	/	2 )	/	757.571	*	365
=	23.586					/	757.571	*	365
=	11.36

Petrol AD's Days Inventory for the quarter that ended in Mar. 2023 is calculated as:

	Days Inventory (Q: Mar. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Dec. 2022 )	+	Total Inventories (Q: Mar. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2023 )	*	Days in Period
=	( (26.306	+	18.964)	/	2 )	/	4.532	*	365 / 4
=	22.635					/	4.532	*	365 / 4
=	455.75

Petrol AD (XBUL:PET) Days Inventory Explanation

Days Inventory indicates the liquidity of the inventory. Generally, a lower Days Inventory is preferred as it indicates a shorter duration to clear off the inventory. An increase of the ratio may indicate the company's sales slowed. Similar ratios related to Days Inventory are:

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

Petrol AD's Inventory Turnover for the three months ended in Mar. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	4.532	/	22.635
	=	0.20

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.

Petrol AD's Inventory to Revenue for the three months ended in Mar. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	22.635	/	138.78
	=	0.16

Be Aware

A lot of business are seasonable. It makes more sense to compare Days Inventory from the same period in the previous year instead of from the previous quarter.

Petrol AD Days Inventory Related Terms

Thank you for viewing the detailed overview of Petrol AD's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.

Petrol AD (XBUL:PET) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Petrol AD (XBUL:PET) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

bul. Cherni vrah 43, rayon Lozenets, Sofia, BGR, 1407

Website

http://www.petrol.bg

Petrol AD is engaged in the distribution of fuels in Bulgaria. Its other business activities comprise selling of fuel at retail and wholesale, storage of fuels and maintenance of fuel sales facilities.