Orlen (WAR:PKN) Days Inventory : 34.61 (As of Dec. 2023)

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What is Orlen Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Orlen's Average Total Inventories for the three months ended in Dec. 2023 was zł34,395 Mil. Orlen's Cost of Goods Sold for the three months ended in Dec. 2023 was zł90,688 Mil. Hence, Orlen's Days Inventory for the three months ended in Dec. 2023 was 34.61.

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

WAR:PKN' s Days Inventory Range Over the Past 10 Years
Min: 42.22 Med: 50.74 Max: 65.11
Current: 42.22

During the past 13 years, Orlen's highest Days Inventory was 65.11. The lowest was 42.22. And the median was 50.74.

WAR:PKN's Days Inventory is ranked worse than
60.44% of 728 companies
in the Oil & Gas industry
Industry Median: 31.3 vs WAR:PKN: 42.22

Orlen's Days Inventory declined from Dec. 2022 (42.31) to Dec. 2023 (34.61).

Inventory Turnover measures how fast the company turns over its inventory within a year. Orlen's Inventory Turnover for the three months ended in Dec. 2023 was 2.64.

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. Orlen's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.31.

Orlen Days Inventory Historical Data

The historical data trend for Orlen'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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Orlen Days Inventory Chart

Orlen Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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55.21

65.11

50.55

50.92

45.12

Orlen 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															42.31	39.23	47.49	48.51	34.61

Competitive Comparison of Orlen's Days Inventory

For the Oil & Gas Integrated subindustry, Orlen'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.

Orlen's Days Inventory Distribution in the Oil & Gas Industry

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

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

Orlen Days Inventory Calculation

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

Orlen'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
=	( (44304	+	32794)	/	2 )	/	311847	*	365
=	38549					/	311847	*	365
=	45.12

Orlen'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
=	( (35995	+	32794)	/	2 )	/	90688	*	365 / 4
=	34394.5					/	90688	*	365 / 4
=	34.61

Orlen (WAR:PKN) 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.

Orlen's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	90688	/	34394.5
	=	2.64

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.

Orlen's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	34394.5	/	112452
	=	0.31

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.

Orlen Days Inventory Related Terms

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

Orlen (WAR:PKN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Orlen SA (WAR:PKN) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

PSKOF:USA 0FMN:UK PKY1:Germany PKN:Czech Republic

Address

Chemikow 7 Street, Plock, POL, 09-411

Website

https://www.orlen.pl

Orlen SA is an energy conglomerate that refines and distributes oil in Poland, the Czech Republic, Germany, and Lithuania. Through a group of refineries, it processes crude oil into gasoline, diesel oil, fuel oil, and aviation fuel. The company also produces petrochemicals and products used by chemical companies as feedstock. Additional operations include exploration and production activities in Poland, where it is domiciled, and Canada. Oil products are offered through thousands of service stations, which is supported by logistics infrastructure. This infrastructure includes surface and underground storage depots and a long-distance pipeline network.