Tupras-Turkiye Petrol Rafineleri AS (IST:TUPRS) Days Inventory : 17.13 (As of Dec. 2023)

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What is Tupras-Turkiye Petrol Rafineleri AS Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Tupras-Turkiye Petrol Rafineleri AS's Average Total Inventories for the three months ended in Dec. 2023 was ₺48,564 Mil. Tupras-Turkiye Petrol Rafineleri AS's Cost of Goods Sold for the three months ended in Dec. 2023 was ₺258,701 Mil. Hence, Tupras-Turkiye Petrol Rafineleri AS's Days Inventory for the three months ended in Dec. 2023 was 17.13.

The historical rank and industry rank for Tupras-Turkiye Petrol Rafineleri AS's Days Inventory or its related term are showing as below:

IST:TUPRS' s Days Inventory Range Over the Past 10 Years
Min: 18.94 Med: 33.61 Max: 51.51
Current: 29.34

During the past 13 years, Tupras-Turkiye Petrol Rafineleri AS's highest Days Inventory was 51.51. The lowest was 18.94. And the median was 33.61.

IST:TUPRS's Days Inventory is ranked better than
51.99% of 729 companies
in the Oil & Gas industry
Industry Median: 31.44 vs IST:TUPRS: 29.34

Tupras-Turkiye Petrol Rafineleri AS's Days Inventory increased from Dec. 2022 (8.99) to Dec. 2023 (17.13). It might indicate that Tupras-Turkiye Petrol Rafineleri AS's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Tupras-Turkiye Petrol Rafineleri AS's Inventory Turnover for the three months ended in Dec. 2023 was 5.33.

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. Tupras-Turkiye Petrol Rafineleri AS's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.16.

Tupras-Turkiye Petrol Rafineleri AS Days Inventory Historical Data

The historical data trend for Tupras-Turkiye Petrol Rafineleri AS'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.

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Tupras-Turkiye Petrol Rafineleri AS Days Inventory Chart

Tupras-Turkiye Petrol Rafineleri AS Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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35.32

51.51

42.22

18.94

33.02

Tupras-Turkiye Petrol Rafineleri AS Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Inventory	Get a 7-Day Free Trial															8.99	55.07	39.43	27.54	17.13

Competitive Comparison of Tupras-Turkiye Petrol Rafineleri AS's Days Inventory

For the Oil & Gas Refining & Marketing subindustry, Tupras-Turkiye Petrol Rafineleri AS'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.

Tupras-Turkiye Petrol Rafineleri AS's Days Inventory Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Tupras-Turkiye Petrol Rafineleri AS's Days Inventory distribution charts can be found below:

* The bar in red indicates where Tupras-Turkiye Petrol Rafineleri AS's Days Inventory falls into.

Tupras-Turkiye Petrol Rafineleri AS Days Inventory Calculation

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

Tupras-Turkiye Petrol Rafineleri AS's Days Inventory for the fiscal year that ended in Dec. 2023 is calculated as

	Days Inventory (A: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (59591.335	+	44765.959)	/	2 )	/	576796.119	*	365
=	52178.647					/	576796.119	*	365
=	33.02

Tupras-Turkiye Petrol Rafineleri AS's Days Inventory for the quarter that ended in Dec. 2023 is calculated as:

	Days Inventory (Q: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (52361.489	+	44765.959)	/	2 )	/	258701.496	*	365 / 4
=	48563.724					/	258701.496	*	365 / 4
=	17.13

Tupras-Turkiye Petrol Rafineleri AS (IST:TUPRS) 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.

Tupras-Turkiye Petrol Rafineleri AS's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	258701.496	/	48563.724
	=	5.33

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.

Tupras-Turkiye Petrol Rafineleri AS's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	48563.724	/	304159.791
	=	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.

Tupras-Turkiye Petrol Rafineleri AS Days Inventory Related Terms

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

Tupras-Turkiye Petrol Rafineleri AS (IST:TUPRS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Tupras-Turkiye Petrol Rafineleri AS (IST:TUPRS) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

Guney Mahallesi, Petrol Caddesi No:25, Korfez, Kocaeli, TUR, 41790

Website

http://www.tupras.com.tr

Tupras-Turkiye Petrol Rafineleri AS provides and refines crude oil through Turkish and international refineries. It also operates petrochemical factories and facilities. The company's complete line of products includes liquefied petroleum gas(LPG), fuel oil, waxes and extracts, bitumen, and other products. In addition to refining and producing products, the firm engages in the purchase, sell, import, export, store, marketing, and distribution of a variety of petroleum products. Distribution is completed through a network of foreign and domestic wholesalers and retailers. The majority of sales from refineries are domestic.

Tupras-Turkiye Petrol Rafineleri AS (IST:TUPRS) Headlines

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