PetroChina Co (PetroChina Co) Days Inventory : 32.15 (As of Dec. 2023)

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What is PetroChina Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). PetroChina Co's Average Total Inventories for the three months ended in Dec. 2023 was $25,434 Mil. PetroChina Co's Cost of Goods Sold for the three months ended in Dec. 2023 was $72,192 Mil. Hence, PetroChina Co's Days Inventory for the three months ended in Dec. 2023 was 32.15.

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

PTRCY' s Days Inventory Range Over the Past 10 Years
Min: 22.5 Med: 33.17 Max: 41.33
Current: 27.21

During the past 13 years, PetroChina Co's highest Days Inventory was 41.33. The lowest was 22.50. And the median was 33.17.

PTRCY's Days Inventory is ranked better than
54.25% of 730 companies
in the Oil & Gas industry
Industry Median: 31.555 vs PTRCY: 27.21

PetroChina Co's Days Inventory increased from Dec. 2022 (28.78) to Dec. 2023 (32.15). It might indicate that PetroChina Co's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. PetroChina Co's Inventory Turnover for the three months ended in Dec. 2023 was 2.84.

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. PetroChina Co's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.25.

PetroChina Co Days Inventory Historical Data

The historical data trend for PetroChina Co'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.

* Premium members only.

PetroChina Co Days Inventory Chart

PetroChina Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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33.07

35.18

23.70

23.48

27.93

PetroChina Co 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															28.78	25.38	25.59	26.25	32.15

Competitive Comparison of PetroChina Co's Days Inventory

For the Oil & Gas Integrated subindustry, PetroChina Co'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.

PetroChina Co's Days Inventory Distribution in the Oil & Gas Industry

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

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

PetroChina Co Days Inventory Calculation

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

PetroChina Co'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
=	( (24061.707	+	25284.026)	/	2 )	/	322453.853	*	365
=	24672.8665					/	322453.853	*	365
=	27.93

PetroChina Co'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
=	( (25583.524	+	25284.026)	/	2 )	/	72191.815	*	365 / 4
=	25433.775					/	72191.815	*	365 / 4
=	32.15

PetroChina Co (OTCPK:PTRCY) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	72191.815	/	25433.775
	=	2.84

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	25433.775	/	102080.754
	=	0.25

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.

PetroChina Co Days Inventory Related Terms

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

PetroChina Co (PetroChina Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » PetroChina Co Ltd (OTCPK:PTRCY) » Definitions » Days Inventory

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PCCYF:USA 00857:Hong Kong PC6:Germany 601857:China

Address

No. 9 Dongzhimen North Street, Dongcheng District, Beijing, CHN, 100007

Website

http://www.petrochina.com.cn

PetroChina, the national champion that inherited the majority of Chinese onshore oil and gas assets, has developed into an international supermajor. In 2022, it produced more than 1.6 billion barrels of oil equivalent of oil and gas, and had more than 1.4 billion barrels of annual crude oil primary distillation capacity and more than 22,000 service stations. The fluctuations in the prices of crude oil, refined products, chemical products, and natural gas have a significant impact on PetroChina's revenue. State-owned China National Petroleum Corp is PetroChina's controlling shareholder with a stake of more than 80%.