Surgutneftegas PJSC (MIC:SNGS) Inventory Turnover : 1.02 (As of Jun. 2023)

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What is Surgutneftegas 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. Surgutneftegas PJSC's Cost of Goods Sold for the six months ended in Jun. 2023 was ₽108,935 Mil. Surgutneftegas PJSC's Average Total Inventories for the quarter that ended in Jun. 2023 was ₽106,857 Mil. Surgutneftegas PJSC's Inventory Turnover for the quarter that ended in Jun. 2023 was 1.02.

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 179.02.

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 Inventory Turnover Historical Data

The historical data trend for Surgutneftegas 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.

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Surgutneftegas PJSC Inventory Turnover Chart

Surgutneftegas PJSC Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Inventory Turnover

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8.03

9.62

2.05

2.06

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
Inventory Turnover	Get a 7-Day Free Trial															1.07	1.15	0.99	1.01	1.02

Surgutneftegas PJSC Inventory Turnover Calculation

Surgutneftegas PJSC's Inventory Turnover for the fiscal year that ended in Dec. 2020 is calculated as

	Inventory Turnover (A: Dec. 2020 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2020 )	/ (	(Total Inventories (A: Dec. 2019 )	+	Total Inventories (A: Dec. 2020 ))	/	count )
=	196145	/ (	(97736	+	92450)	/	2 )
=	196145	/	95093
=	2.06

Surgutneftegas 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. 2021 )	+	Total Inventories (Q: Jun. 2023 ))	/	count )
=	108935	/ (	(96537	+	117176)	/	2 )
=	108935	/	106856.5
=	1.02

Surgutneftegas PJSC (MIC:SNGS) 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.

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
	=	106856.5	/	108935	*	365 / 2
	=	179.02

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.

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 )
	=	106856.5	/	917361
	=	0.12

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.

Surgutneftegas PJSC Inventory Turnover Related Terms

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Surgutneftegas PJSC (MIC:SNGS) Business Description

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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.

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