PAO Sovcomflot (MIC:FLOT) Inventory Turnover : 3.00 (As of Jun. 2023)

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What is PAO Sovcomflot 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. PAO Sovcomflot's Cost of Goods Sold for the three months ended in Jun. 2023 was ₽11,931 Mil. PAO Sovcomflot's Average Total Inventories for the quarter that ended in Jun. 2023 was ₽3,971 Mil. PAO Sovcomflot's Inventory Turnover for the quarter that ended in Jun. 2023 was 3.00.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. PAO Sovcomflot's Days Inventory for the three months ended in Jun. 2023 was 30.37.

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. PAO Sovcomflot's Inventory-to-Revenue for the quarter that ended in Jun. 2023 was 0.08.

PAO Sovcomflot Inventory Turnover Historical Data

The historical data trend for PAO Sovcomflot'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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PAO Sovcomflot Inventory Turnover Chart

PAO Sovcomflot Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Inventory Turnover

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19.64

19.83

17.68

24.05

21.64

PAO Sovcomflot Quarterly Data
	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Jun23
Inventory Turnover	Get a 7-Day Free Trial															3.22	2.99	3.34	9.06	3.00

PAO Sovcomflot Inventory Turnover Calculation

PAO Sovcomflot's Inventory Turnover for the fiscal year that ended in Dec. 2021 is calculated as

	Inventory Turnover (A: Dec. 2021 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2021 )	/ (	(Total Inventories (A: Dec. 2020 )	+	Total Inventories (A: Dec. 2021 ))	/	count )
=	86724.791	/ (	(3295.959	+	4718.606)	/	2 )
=	86724.791	/	4007.2825
=	21.64

PAO Sovcomflot's Inventory Turnover for the quarter that ended in Jun. 2023 is calculated as

	Inventory Turnover (Q: Jun. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jun. 2023 )	/ (	(Total Inventories (Q: Dec. 2021 )	+	Total Inventories (Q: Jun. 2023 ))	/	count )
=	11930.535	/ (	(4718.606	+	3223.798)	/	2 )
=	11930.535	/	3971.202
=	3.00

PAO Sovcomflot (MIC:FLOT) 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.

PAO Sovcomflot's Days Inventory for the three months ended in Jun. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2023 )	/	Cost of Goods Sold (Q: Jun. 2023 )	*	Days in Period
	=	3971.202	/	11930.535	*	365 / 4
	=	30.37

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.

PAO Sovcomflot's Inventory to Revenue for the quarter that ended in Jun. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2023 )	/	Revenue (Q: Jun. 2023 )
	=	3971.202	/	47733.34
	=	0.08

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.

PAO Sovcomflot Inventory Turnover Related Terms

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PAO Sovcomflot (MIC:FLOT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » PAO Sovcomflot (MIC:FLOT) » Definitions » Inventory Turnover

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Address

6 Gasheka Street, Moscow, RUS, 125047

Website

https://www.scf-group.ru

PAO Sovcomflot is a shipping company. It provides maritime transportation of hydrocarbons, as well as the servicing and support of offshore exploration and oil and gas production. The company's operating segment includes Offshore services; Gas transportation; Crude oil transportation; Oil products transportation and others. It generates maximum revenue from the Offshore services segment.