Chu Kong Petroleum and Natural Gas Steel Pipe Holdings (HKSE:01938) Inventory Turnover : 0.45 (As of Dec. 2023)

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What is Chu Kong Petroleum and Natural Gas Steel Pipe 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. Chu Kong Petroleum and Natural Gas Steel Pipe Holdings's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$1,311 Mil. 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 Inventory Turnover for the quarter that ended in Dec. 2023 was 0.45.

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-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 Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 1.83.

Chu Kong Petroleum and Natural Gas Steel Pipe Holdings Inventory Turnover Historical Data

The historical data trend for Chu Kong Petroleum and Natural Gas Steel Pipe 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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Chu Kong Petroleum and Natural Gas Steel Pipe Holdings Inventory Turnover Chart

Chu Kong Petroleum and Natural Gas Steel Pipe Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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0.38

0.37

0.56

0.63

0.79

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 Turnover	Get a 7-Day Free Trial															0.29	0.26	0.34	0.33	0.45

Chu Kong Petroleum and Natural Gas Steel Pipe Holdings Inventory Turnover Calculation

Chu Kong Petroleum and Natural Gas Steel Pipe 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 )
=	2293.263	/ (	(2920.787	+	2850.554)	/	2 )
=	2293.263	/	2885.6705
=	0.79

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 (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 )
=	1310.933	/ (	(2984.2	+	2850.554)	/	2 )
=	1310.933	/	2917.377
=	0.45

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

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-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 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 )
	=	2917.377	/	1592.783
	=	1.83

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.

Chu Kong Petroleum and Natural Gas Steel Pipe Holdings Inventory Turnover 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 Turnover

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

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