Rompetrol Rafinare S.A. (BSE:RRC) Inventory Turnover : 2.27 (As of Sep. 2023)

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What is Rompetrol Rafinare S.A. 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. Rompetrol Rafinare S.A.'s Cost of Goods Sold for the three months ended in Sep. 2023 was lei4,231 Mil. Rompetrol Rafinare S.A.'s Average Total Inventories for the quarter that ended in Sep. 2023 was lei1,867 Mil. Rompetrol Rafinare S.A.'s Inventory Turnover for the quarter that ended in Sep. 2023 was 2.27.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Rompetrol Rafinare S.A.'s Days Inventory for the three months ended in Sep. 2023 was 40.26.

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. Rompetrol Rafinare S.A.'s Inventory-to-Revenue for the quarter that ended in Sep. 2023 was 0.38.

Rompetrol Rafinare S.A. Inventory Turnover Historical Data

The historical data trend for Rompetrol Rafinare S.A.'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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Rompetrol Rafinare S.A. Inventory Turnover Chart

Rompetrol Rafinare S.A. Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Inventory Turnover

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11.72

13.07

9.67

11.82

14.51

Rompetrol Rafinare S.A. Quarterly Data
	Sep18	Dec18	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Inventory Turnover	Get a 7-Day Free Trial															3.16	3.38	2.54	2.80	2.27

Rompetrol Rafinare S.A. Inventory Turnover Calculation

Rompetrol Rafinare S.A.'s Inventory Turnover for the fiscal year that ended in Dec. 2022 is calculated as

	Inventory Turnover (A: Dec. 2022 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2022 )	/ (	(Total Inventories (A: Dec. 2021 )	+	Total Inventories (A: Dec. 2022 ))	/	count )
=	22231.157	/ (	(1521.449	+	1543.013)	/	2 )
=	22231.157	/	1532.231
=	14.51

Rompetrol Rafinare S.A.'s Inventory Turnover for the quarter that ended in Sep. 2023 is calculated as

	Inventory Turnover (Q: Sep. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2023 )	/ (	(Total Inventories (Q: Jun. 2023 )	+	Total Inventories (Q: Sep. 2023 ))	/	count )
=	4231.241	/ (	(1753.624	+	1979.847)	/	2 )
=	4231.241	/	1866.7355
=	2.27

Rompetrol Rafinare S.A. (BSE:RRC) 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.

Rompetrol Rafinare S.A.'s Days Inventory for the three months ended in Sep. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2023 )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
	=	1866.7355	/	4231.241	*	365 / 4
	=	40.26

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.

Rompetrol Rafinare S.A.'s Inventory to Revenue for the quarter that ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2023 )	/	Revenue (Q: Sep. 2023 )
	=	1866.7355	/	4854.394
	=	0.38

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.

Rompetrol Rafinare S.A. Inventory Turnover Related Terms

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Rompetrol Rafinare S.A. (BSE:RRC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Rompetrol Rafinare S.A. (BSE:RRC) » Definitions » Inventory Turnover

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Traded in Other Exchanges

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Address

Navodari Boulevard, no. 215, Administrative Building, Navodari, Constanta, ROU, 905700

Website

http://www.rompetrol-rafinare.ro

Rompetrol Rafinare S.A. is engaged in the Refining and marketing of petrochemical products. It operates Petromidia refinery in the Black Sea coast and Vega refinery in Ploiesti city and engaged in the manufacturing and trading of Petrochemical Products and Refining products. The company's segments include Refining, Petrochemicals, and Marketing. The company products include Polypropylene, High-Density Polyethylene, Low-Density Polyethylene, Aviation fuels, Car fuels, Bitumen, and others. The company has all of its operations in Romania and also exports internationally. The majority of the revenue is generated from Romania.