China Oil And Gas Group (China Oil And Gas Group) Inventory Turnover : 14.37 (As of Dec. 2023)

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

What is China Oil And Gas Group 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. China Oil And Gas Group's Cost of Goods Sold for the six months ended in Dec. 2023 was $1,089 Mil. China Oil And Gas Group's Average Total Inventories for the quarter that ended in Dec. 2023 was $76 Mil. China Oil And Gas Group's Inventory Turnover for the quarter that ended in Dec. 2023 was 14.37.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. China Oil And Gas Group's Days Inventory for the six months ended in Dec. 2023 was 12.70.

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. China Oil And Gas Group's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.06.

China Oil And Gas Group Inventory Turnover Historical Data

The historical data trend for China Oil And Gas Group'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.

China Oil And Gas Group Inventory Turnover Chart

China Oil And Gas Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

Get a 7-Day Free Trial

32.12

29.70

30.25

28.67

28.08

China Oil And Gas Group Semi-Annual Data
	Jun14	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															14.07	13.14	14.32	13.69	14.37

China Oil And Gas Group Inventory Turnover Calculation

China Oil And Gas Group'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 )
=	2119.988	/ (	(74.827	+	76.165)	/	2 )
=	2119.988	/	75.496
=	28.08

China Oil And Gas Group'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 )
=	1089.009	/ (	(75.397	+	76.165)	/	2 )
=	1089.009	/	75.781
=	14.37

China Oil And Gas Group (OTCPK:CLSZF) 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.

China Oil And Gas Group'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
	=	75.781	/	1089.009	*	365 / 2
	=	12.70

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.

China Oil And Gas Group'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 )
	=	75.781	/	1187.915
	=	0.06

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.

China Oil And Gas Group Inventory Turnover Related Terms

Thank you for viewing the detailed overview of China Oil And Gas Group's Inventory Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

China Oil And Gas Group (China Oil And Gas Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » China Oil And Gas Group Ltd (OTCPK:CLSZF) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

00603:Hong Kong GPI1:Germany

Address

255-257 Gloucester Road, Suite 2805, 28th Floor, Sino Plaza, Causeway Bay, Hong Kong, HKG

Website

https://www.hk603.com

China Oil And Gas Group Ltd and its subsidiaries are principally engaged in investment in natural gas and energy-related business. The business operations of the company include piped city gas business, pipeline design, and construction; transportation, distribution and sale of compressed natural gas and liquefied natural gas; and development, production and sale of crude oil and gas and other upstream energy resources. The company operates through the segments of Sales and distribution of natural gas and other related products; Gas pipeline construction and connection; Exploitation and production of crude oil and natural gas; and Production and sales of coal gasification and other related products. The majority of the company's revenue comes from Mainland China.