Chu Kong Petroleum and Natural Gas Steel Pipe Holdings (HKSE:01938) Inventory-to-Revenue : 1.83 (As of Dec. 2023)

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What is Chu Kong Petroleum and Natural Gas Steel Pipe Holdings Inventory-to-Revenue?

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. Chu Kong Petroleum and Natural Gas Steel Pipe Holdings's Average Total Inventories for the quarter that ended in Dec. 2023 was HK$2,917 Mil. Chu Kong Petroleum and Natural Gas Steel Pipe Holdings's Revenue for the six months ended in Dec. 2023 was HK$1,593 Mil. Chu Kong Petroleum and Natural Gas Steel Pipe Holdings's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 1.83.

Chu Kong Petroleum and Natural Gas Steel Pipe Holdings's Inventory-to-Revenue for the quarter that ended in Dec. 2023 declined from Jun. 2023 (2.26) to Jun. 2023 (1.83)

A decrease in the Inventory-to-Revenue from one quarter to next indicates that one of these is occurring:

1. investment in inventory is shrinking in relation to revenue
2. revenue are increasing
No matter which situation is causing the reduction in the Inventory-to-Revenue, either one suggests that business's inventory levels and its cash flow are effectively managed.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Chu Kong Petroleum and Natural Gas Steel Pipe Holdings's Days Inventory for the six months ended in Dec. 2023 was 406.14.

Inventory Turnover measures how fast the company turns over its inventory within a year. Chu Kong Petroleum and Natural Gas Steel Pipe Holdings's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.45.

Chu Kong Petroleum and Natural Gas Steel Pipe Holdings Inventory-to-Revenue Historical Data

The historical data trend for Chu Kong Petroleum and Natural Gas Steel Pipe Holdings's Inventory-to-Revenue 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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Chu Kong Petroleum and Natural Gas Steel Pipe Holdings Inventory-to-Revenue Chart

Chu Kong Petroleum and Natural Gas Steel Pipe Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory-to-Revenue

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2.16

2.24

1.60

1.26

1.00

Chu Kong Petroleum and Natural Gas Steel Pipe Holdings Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Inventory-to-Revenue	Get a 7-Day Free Trial															3.14	2.76	2.61	2.26	1.83

Competitive Comparison of Chu Kong Petroleum and Natural Gas Steel Pipe Holdings's Inventory-to-Revenue

For the Steel subindustry, Chu Kong Petroleum and Natural Gas Steel Pipe Holdings's Inventory-to-Revenue, along with its competitors' market caps and Inventory-to-Revenue 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.

Chu Kong Petroleum and Natural Gas Steel Pipe Holdings's Inventory-to-Revenue Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Chu Kong Petroleum and Natural Gas Steel Pipe Holdings's Inventory-to-Revenue distribution charts can be found below:

* The bar in red indicates where Chu Kong Petroleum and Natural Gas Steel Pipe Holdings's Inventory-to-Revenue falls into.

Chu Kong Petroleum and Natural Gas Steel Pipe Holdings Inventory-to-Revenue Calculation

Chu Kong Petroleum and Natural Gas Steel Pipe Holdings's Inventory-to-Revenue for the fiscal year that ended in Dec. 2023 is calculated as

	Inventory-to-Revenue (A: Dec. 2023 )
=	Average Total Inventories					/	Revenue
=	( (Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )	/	Revenue (A: Dec. 2023 )
=	( (2920.787	+	2850.554)	/	2 )	/	2899.446
=	2885.6705					/	2899.446
=	1.00

Chu Kong Petroleum and Natural Gas Steel Pipe Holdings's Inventory-to-Revenue for the quarter that ended in Dec. 2023 is calculated as

	Inventory-to-Revenue (Q: Dec. 2023 )
=	Average Total Inventories					/	Revenue
=	( (Total Inventories (Q: Jun. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Revenue (Q: Dec. 2023 )
=	( (2984.2	+	2850.554)	/	2 )	/	1592.783
=	2917.377					/	1592.783
=	1.83

Chu Kong Petroleum and Natural Gas Steel Pipe Holdings (HKSE:01938) Inventory-to-Revenue Explanation

An increase in Inventory-to-Revenue from one quarter to the next indicates that one of the following is happening:

1. investment in inventory is growing more rapidly than revenue
2. revenue are dropping
No matter which situation is causing the problem, an increase in the Inventory-to-Revenue may signal an oncoming cash flow problem.

Likewise, a decrease in the Inventory-to-Revenue from one quarter to next indicates that one of these is occurring:

More Related Terms:

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

Chu Kong Petroleum and Natural Gas Steel Pipe Holdings'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
	=	2917.377	/	1310.933	*	365 / 2
	=	406.14

2. Inventory Turnover measures how fast the company turns over its inventory within a year.

Chu Kong Petroleum and Natural Gas Steel Pipe Holdings's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Dec. 2023 )	/	Average Total Inventories (Q: Dec. 2023 )
	=	1310.933	/	2917.377
	=	0.45

Chu Kong Petroleum and Natural Gas Steel Pipe Holdings Inventory-to-Revenue Related Terms

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Chu Kong Petroleum and Natural Gas Steel Pipe Holdings (HKSE:01938) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Chu Kong Petroleum and Natural Gas Steel Pipe Holdings Ltd (HKSE:01938) » Definitions » Inventory-to-Revenue

Comparable Companies

Traded in Other Exchanges

N/A

Address

2nd Floor, 3-5 Golden Dragon City, Yayun Avenue, Panyu District, Guangdong Province, Guangzhou, CHN, 511450

Website

http://www.pck.com.cn

Chu Kong Petroleum and Natural Gas Steel Pipe Holdings Ltd operates in the steel pipe business. The group is involved in its key revenue-generating business which is to manufacture and sell welded steel pipes and the provision of related manufacturing services. The group's steel pipes are mainly used for energy transmission including oil and gas transmission pipelines, deep-sea pipelines, city gas networks, petrochemicals, mining, infrastructure construction, offshore engineering, steel structures, and water utilities industries. Further, it is also involved in the development of properties for sale; and property investment activities. The group has a business presence in Mainland China and other countries, of which maximum revenue is derived from Mainland China.

Executives

Bournam Profits Limited
Chen Chang

Chu Kong Petroleum and Natural Gas Steel Pipe Holdings (HKSE:01938) Headlines

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