Indian Oil (NSE:IOC) Total Inventories : ₹1,213,758 Mil (As of Mar. 2024)

View and export this data going back to 1996. Start your Free Trial

What is Indian Oil Total Inventories?

Indian Oil's total inventories for the quarter that ended in Mar. 2024 was ₹1,213,758 Mil. Indian Oil's average total inventories from the quarter that ended in Dec. 2023 to the quarter that ended in Mar. 2024 was ₹606,879 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Indian Oil's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was ₹-149.84.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Indian Oil's Days Inventory for the three months ended in Mar. 2024 was 31.70.

Inventory Turnover measures how fast the company turns over its inventory within a year. Indian Oil's Inventory Turnover for the quarter that ended in Mar. 2024 was 2.88.

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. Indian Oil's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.31.

Indian Oil Total Inventories Historical Data

The historical data trend for Indian Oil'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.

* Premium members only.

Indian Oil Total Inventories Chart

Indian Oil Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Total Inventories

Get a 7-Day Free Trial

670,107.60

834,274.60

1,117,365.10

1,211,075.80

1,213,758.30

Indian Oil Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
Total Inventories	Get a 7-Day Free Trial															-	1,211,075.80	1,222,462.00	-	1,213,758.30

Indian Oil 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.

Indian Oil (NSE:IOC) 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.

Indian Oil's Net-Net Working Capital Per Share for the quarter that ended in Mar. 2024 is

	Net-Net Working Capital Per Share (Q: Mar. 2024 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(162970.3	+	0.75 * 138314.5	+	0.5 * 1213758.3	-	2941990.2
-	0	-	47467.1)	/	14121.2
=	-149.84

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

Indian Oil'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
	=	606879.15	/	1746890	*	365 / 4
	=	31.70

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

Indian Oil's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Mar. 2024 )	/	Average Total Inventories (Q: Mar. 2024 )
	=	1746890	/	606879.15
	=	2.88

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.

Indian Oil'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 )
	=	606879.15	/	1986497.6
	=	0.31

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.

Indian Oil Total Inventories Related Terms

Thank you for viewing the detailed overview of Indian Oil's Total Inventories provided by GuruFocus.com. Please click on the following links to see related term pages.

Indian Oil (NSE:IOC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Indian Oil Corp Ltd (NSE:IOC) » Definitions » Total Inventories

Comparable Companies

Traded in Other Exchanges

530965:India

Address

J.B. Tito Marg, 3079/3, Sadiq Nagar, New Delhi, IND, 110 049

Website

https://www.iocl.com

Indian Oil Corp Ltd conducts business across the energy value chain as India's national oil company. The Petroleum Products business generates the majority of the group's revenue. Indian Oil pursues exploration and production opportunities both domestically and internationally. Sale of Petrochemicals , Other operating segment of the Corporation comprises; Gas, Oil & Gas Exploration Activities, Explosives & Cryogenic Business and Wind Mill & Solar Power Generation. A network of pipelines in India not only transport oil from company fields but also to and from its refineries. The pipeline network spans across India and can move various petroleum products. The firm's refinery operations include a host of technologies for processing oil and gas to meet the needs of a diverse client base.