China Oil And Gas Group (China Oil And Gas Group) Total Inventories : $76 Mil (As of Dec. 2023)

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What is China Oil And Gas Group Total Inventories?

China Oil And Gas Group's total inventories for the quarter that ended in Dec. 2023 was $76 Mil. China Oil And Gas Group's average total inventories from the quarter that ended in Jun. 2023 to the quarter that ended in Dec. 2023 was $76 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. China Oil And Gas Group's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-0.27.

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 Turnover measures how fast the company turns over its inventory within a year. China Oil And Gas Group's Inventory Turnover for the quarter that ended in Dec. 2023 was 14.37.

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 Total Inventories Historical Data

The historical data trend for China Oil And Gas Group's Total Inventories 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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China Oil And Gas Group Total Inventories Chart

China Oil And Gas Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

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33.68

42.36

61.14

74.83

76.17

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
Total Inventories	Get a 7-Day Free Trial															61.14	73.18	74.83	75.40	76.17

China Oil And Gas Group Total Inventories Calculation

Total Inventories includes the raw materials, work-in-process goods and completely finished goods of a company. It is a portion of a company's current assets.

China Oil And Gas Group (OTCPK:CLSZF) Total Inventories Explanation

Inventory control is an important part of business operation. If a company does not have enough inventory, it may not be able to meet customers' required delivery time. If it has too much inventory, the cost of holding the inventory can be high.

1. In Ben Graham's calculation of Net-Net Working Capital (NNWC), inventory is only considered worth half of its book value.

China Oil And Gas Group's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2023 is

	Net-Net Working Capital Per Share (Q: Dec. 2023 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(415.617	+	0.75 * 254.675	+	0.5 * 76.165	-	1700.314
-	0	-	479.363)	/	5636.8
=	-0.27

2. 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

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

China Oil And Gas Group'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 )
	=	1089.009	/	75.781
	=	14.37

4. 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

Manufacturers with durable competitive advantages have the advantage that the products they sell do not change, and therefore will never become obsolete. Buffett likes this advantage.

When identifying manufacturers with durable competitive advantage, look for inventory and net earnings that rise correspondingly. This indicates that the company is finding profitable ways to increase sales which called for an increase in inventory.

Manufacturers with inventories that spike up and down are indicative of competitive industries subject to boom and bust.

China Oil And Gas Group Total Inventories Related Terms

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

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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.