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Sino Oil and Gas Holdings (HKSE:00702) Days Inventory : 28.51 (As of Dec. 2023)


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What is Sino Oil and Gas Holdings Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Sino Oil and Gas Holdings's Average Total Inventories for the six months ended in Dec. 2023 was HK$16.2 Mil. Sino Oil and Gas Holdings's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$103.7 Mil. Hence, Sino Oil and Gas Holdings's Days Inventory for the six months ended in Dec. 2023 was 28.51.

The historical rank and industry rank for Sino Oil and Gas Holdings's Days Inventory or its related term are showing as below:

HKSE:00702' s Days Inventory Range Over the Past 10 Years
Min: 9.56   Med: 12.92   Max: 337.58
Current: 29.96

During the past 13 years, Sino Oil and Gas Holdings's highest Days Inventory was 337.58. The lowest was 9.56. And the median was 12.92.

HKSE:00702's Days Inventory is ranked better than
52.17% of 115 companies
in the Other Energy Sources industry
Industry Median: 32.53 vs HKSE:00702: 29.96

Sino Oil and Gas Holdings's Days Inventory increased from Dec. 2022 (22.66) to Dec. 2023 (28.51). It might indicate that Sino Oil and Gas Holdings's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Sino Oil and Gas Holdings's Inventory Turnover for the six months ended in Dec. 2023 was 6.40.

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. Sino Oil and Gas Holdings's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.08.


Sino Oil and Gas Holdings Days Inventory Historical Data

The historical data trend for Sino Oil and Gas Holdings'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.

Sino Oil and Gas Holdings Days Inventory Chart

Sino Oil and Gas Holdings Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Days Inventory
Get a 7-Day Free Trial Premium Member Only Premium Member Only 9.56 12.89 12.95 13.24 26.79

Sino Oil and Gas Holdings Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Days Inventory Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 18.06 20.59 22.66 35.27 28.51

Competitive Comparison of Sino Oil and Gas Holdings's Days Inventory

For the Thermal Coal subindustry, Sino Oil and Gas Holdings'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.


Sino Oil and Gas Holdings's Days Inventory Distribution in the Other Energy Sources Industry

For the Other Energy Sources industry and Energy sector, Sino Oil and Gas Holdings's Days Inventory distribution charts can be found below:

* The bar in red indicates where Sino Oil and Gas Holdings's Days Inventory falls into.



Sino Oil and Gas Holdings Days Inventory Calculation

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

Sino Oil and Gas Holdings'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
=( (13.891 + 13.702) / 2 ) / 187.997*365
=13.7965 / 187.997*365
=26.79

Sino Oil and Gas Holdings'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: Jun. 2023 ) + Total Inventories (Q: Dec. 2023 )) / count ) / Cost of Goods Sold (Q: Dec. 2023 )*Days in Period
=( (18.695 + 13.702) / 2 ) / 103.685*365 / 2
=16.1985 / 103.685*365 / 2
=28.51

* 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.


Sino Oil and Gas Holdings  (HKSE:00702) 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.

Sino Oil and Gas Holdings's Inventory Turnover for the six months ended in Dec. 2023 is calculated as

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.

Sino Oil and Gas Holdings's Inventory to Revenue for the six months ended in Dec. 2023 is calculated as

* 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.


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.


Sino Oil and Gas Holdings Days Inventory Related Terms

Thank you for viewing the detailed overview of Sino Oil and Gas Holdings's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.


Sino Oil and Gas Holdings (HKSE:00702) Business Description

Traded in Other Exchanges
N/A
Address
188 Connaught Road West, Room 3710, 37th Floor, Hong Kong Plaza, Hong Kong, HKG
Sino Oil and Gas Holdings Ltd is an investment holding company. It operates in four segments, namely Coalbed methane, which includes exploration, development, and production of coalbed methane; Raw & cleaned coal, which consists of raw coal washing and sale of raw and cleaned coal; Oil and gas exploitation segment is into exploitation and sale of crude oil and natural gas; and Financial Services. The group generates majority of its revenues from Raw and cleaned coal segment. It geographically earns revenues from the People's Republic of China.

Sino Oil and Gas Holdings (HKSE:00702) Headlines

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