Bashneft PJSOC (Bashneft PJSOC) Inventory Turnover : 0.00 (As of Dec. 2023)

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What is Bashneft PJSOC 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. Bashneft PJSOC's Cost of Goods Sold for the three months ended in Dec. 2023 was $500 Mil. Bashneft PJSOC's Average Total Inventories for the quarter that ended in Dec. 2023 was $0 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Bashneft PJSOC's Days Inventory for the three months ended in Dec. 2023 was 0.00.

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. Bashneft PJSOC's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.00.

Bashneft PJSOC Inventory Turnover Historical Data

The historical data trend for Bashneft PJSOC'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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Bashneft PJSOC Inventory Turnover Chart

Bashneft PJSOC Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec23

Inventory Turnover

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8.12

9.06

6.77

10.46

3.04

Bashneft PJSOC Quarterly Data
	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Jun23	Sep23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															2.79	2.58	-	-	-

Bashneft PJSOC Inventory Turnover Calculation

Bashneft PJSOC's Inventory Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Inventory Turnover (A: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2023 )	/ (	(Total Inventories (A: Dec. 2021 )	+	Total Inventories (A: Dec. 2023 ))	/	count )
=	1883.786	/ (	(620.667	+	0)	/	1 )
=	1883.786	/	620.667
=	3.04

Bashneft PJSOC's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

	Inventory Turnover (Q: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2023 )	/ (	(Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	499.89	/ (	(0	+	0)	/	1 )
=	499.89	/	0
=	N/A

Bashneft PJSOC (GREY:BHNFF) 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.

Bashneft PJSOC's Days Inventory for the three months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	0	/	499.89	*	365 / 4
	=	0.00

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.

Bashneft PJSOC's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	0	/	3368.891
	=	0.00

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.

Bashneft PJSOC Inventory Turnover Related Terms

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Bashneft PJSOC (Bashneft PJSOC) Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Bashneft PJSOC (GREY:BHNFF) » Definitions » Inventory Turnover

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BANEP:Russia BANE:Russia

Address

30, Building 1, Karla Marksa Street, The city of Ufa, Republic of Bashkortostan, RUS, 450077

Website

https://www.bashneft.ru

Bashneft PJSOC is an integrated oil company that engages in exploration and production, refining, and marketing activities. Its operational assets are located in the Russian producing regions of the Republic of Bashkortostan, Khanty-Mansiysk Autonomous Okrug, Nenets Autonomous Okrug, Orenburg Region and the Republic of Tatarstan, and also conducts geological exploration in Iraq and Myanmar. In many of its fields, Bashneft has utilized a number of geological and engineering operations, like hydraulic fracturing, to sustain production numbers. Refining and marketing (downstream) operations are also located throughout Russia.

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