Societe Nationale d'Electrolyse et de Petrochimie (CAS:SNP) Inventory Turnover : 1.05 (As of Dec. 2023)

View and export this data going back to 2007. Start your Free Trial

What is Societe Nationale d'Electrolyse et de Petrochimie 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. Societe Nationale d'Electrolyse et de Petrochimie's Cost of Goods Sold for the six months ended in Dec. 2023 was MAD276.3 Mil. Societe Nationale d'Electrolyse et de Petrochimie's Average Total Inventories for the quarter that ended in Dec. 2023 was MAD263.5 Mil. Societe Nationale d'Electrolyse et de Petrochimie's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.05.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Societe Nationale d'Electrolyse et de Petrochimie's Days Inventory for the six months ended in Dec. 2023 was 173.99.

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. Societe Nationale d'Electrolyse et de Petrochimie's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.83.

Societe Nationale d'Electrolyse et de Petrochimie Inventory Turnover Historical Data

The historical data trend for Societe Nationale d'Electrolyse et de Petrochimie'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.

* Premium members only.

Societe Nationale d'Electrolyse et de Petrochimie Inventory Turnover Chart

Societe Nationale d'Electrolyse et de Petrochimie Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

Get a 7-Day Free Trial

3.65

4.36

5.21

3.54

2.70

Societe Nationale d'Electrolyse et de Petrochimie Semi-Annual Data
	Dec13	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															2.42	2.54	1.35	1.36	1.05

Societe Nationale d'Electrolyse et de Petrochimie Inventory Turnover Calculation

Societe Nationale d'Electrolyse et de Petrochimie'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. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )
=	662.409	/ (	(266.588	+	224.481)	/	2 )
=	662.409	/	245.5345
=	2.70

Societe Nationale d'Electrolyse et de Petrochimie'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: Jun. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	276.349	/ (	(302.448	+	224.481)	/	2 )
=	276.349	/	263.4645
=	1.05

Societe Nationale d'Electrolyse et de Petrochimie (CAS:SNP) 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.

Societe Nationale d'Electrolyse et de Petrochimie's Days Inventory for the six 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
	=	263.4645	/	276.349	*	365 / 2
	=	173.99

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.

Societe Nationale d'Electrolyse et de Petrochimie'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 )
	=	263.4645	/	316.168
	=	0.83

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.

Societe Nationale d'Electrolyse et de Petrochimie Inventory Turnover Related Terms

Thank you for viewing the detailed overview of Societe Nationale d'Electrolyse et de Petrochimie's Inventory Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Societe Nationale d'Electrolyse et de Petrochimie (CAS:SNP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Societe Nationale d'Electrolyse et de Petrochimie (CAS:SNP) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Route Cotiere N 111 - Mohammadia, Casablanca, MAR

Website

http://www.snep.ma

Societe Nationale d'Electrolyse et de Petrochimie manufactures vinyl products (PVC and Compound PVC) and products resulting from electrolysis (Soda, Chlorine, Bleach) and Hydrochloric Acid. The company ioffers its products to BTP, Irrigation, Drinking water supply and sanitation, Detergency and domestic and industrial hygiene, Water treatment, and Food industry.

Societe Nationale d'Electrolyse et de Petrochimie (CAS:SNP) Headlines

No Headlines