Sino Oil and Gas Holdings (HKSE:00702) Inventory Turnover : 6.40 (As of Dec. 2023)

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What is Sino Oil and Gas Holdings 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. Sino Oil and Gas Holdings's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$103.7 Mil. Sino Oil and Gas Holdings's Average Total Inventories for the quarter that ended in Dec. 2023 was HK$16.2 Mil. Sino Oil and Gas Holdings's Inventory Turnover for the quarter that ended in Dec. 2023 was 6.40.

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 six months ended in Dec. 2023 was 28.51.

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 quarter that ended in Dec. 2023 was 0.08.

Sino Oil and Gas Holdings Inventory Turnover Historical Data

The historical data trend for Sino Oil and Gas Holdings'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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Sino Oil and Gas Holdings Inventory Turnover Chart

Sino Oil and Gas Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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38.18

28.32

28.19

27.58

13.63

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
Inventory Turnover	Get a 7-Day Free Trial															10.11	8.86	8.05	5.17	6.40

Sino Oil and Gas Holdings Inventory Turnover Calculation

Sino Oil and Gas Holdings'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 )
=	187.997	/ (	(13.891	+	13.702)	/	2 )
=	187.997	/	13.7965
=	13.63

Sino Oil and Gas Holdings'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 )
=	103.685	/ (	(18.695	+	13.702)	/	2 )
=	103.685	/	16.1985
=	6.40

Sino Oil and Gas Holdings (HKSE:00702) 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.

Sino Oil and Gas 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
	=	16.1985	/	103.685	*	365 / 2
	=	28.51

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 quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	16.1985	/	212.108
	=	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.

Sino Oil and Gas Holdings Inventory Turnover Related Terms

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

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Other Energy Sources » Sino Oil and Gas Holdings Ltd (HKSE:00702) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

188 Connaught Road West, Room 3710, 37th Floor, Hong Kong Plaza, Hong Kong, HKG

Website

https://www.sino-oilgas.hk

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.

Executives

China Lidai International Asset Investment Limited	2101 Beneficial owner
Top Resource & Lidai Investment Limited	2101 Beneficial owner
Dai Xiaobing	2201 Interest of corporation controlled by you
Tian Hao Neng Yuan Gu Fen You Xian Gong Si	2201 Interest of corporation controlled by you
Zhong Guo Hua Rong Zi Chan Guan Li Gu Fen You Xian Gong Si	2201 Interest of corporation controlled by you
Hua Rong Hua Qiao Zi Chan Guan Li Gu Fen You Xian Gong Si	2201 Interest of corporation controlled by you
China Huarong (macau) International Company Limited	2201 Interest of corporation controlled by you
Chen Jiajun
Liang Da Tou Zi You Xian Gong Si
Sino Oil And Gas Resources Limited
Lai Chun Lam
Zhang Victor Ri Chun
Zhuo Kun	2101 Beneficial owner
Zhang Yongdong	2101 Beneficial owner

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