United Energy Group (HKSE:00467) Total Inventories : HK$253 Mil (As of Dec. 2023)

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What is United Energy Group Total Inventories?

United Energy Group's total inventories for the quarter that ended in Dec. 2023 was HK$253 Mil. United Energy Group's average total inventories from the quarter that ended in Jun. 2023 to the quarter that ended in Dec. 2023 was HK$299 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. United Energy Group's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was HK$-0.17.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. United Energy Group's Days Inventory for the six months ended in Dec. 2023 was 9.96.

Inventory Turnover measures how fast the company turns over its inventory within a year. United Energy Group's Inventory Turnover for the quarter that ended in Dec. 2023 was 18.32.

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. United Energy Group's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.04.

United Energy Group Total Inventories Historical Data

The historical data trend for United Energy 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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United Energy Group Total Inventories Chart

United Energy Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

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324.92

331.44

287.22

389.31

252.57

United Energy 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															287.22	364.20	389.31	345.14	252.57

United Energy 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.

United Energy Group (HKSE:00467) 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.

United Energy 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)
=	(3329.956	+	0.75 * 6864.308	+	0.5 * 252.57	-	12993.001
-	0	-	5.423)	/	26040.5
=	-0.17

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

United Energy 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
	=	298.8545	/	5474.967	*	365 / 2
	=	9.96

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

United Energy 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 )
	=	5474.967	/	298.8545
	=	18.32

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.

United Energy 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 )
	=	298.8545	/	7364.938
	=	0.04

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.

United Energy Group Total Inventories Related Terms

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United Energy Group (HKSE:00467) Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » United Energy Group Ltd (HKSE:00467) » Definitions » Total Inventories

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UNEGF:USA 1UEN:Germany

Address

Two Pacific Place, 88 Queensway, Admiralty, Suite 2505, 25th Floor, Hong Kong, HKG

Website

http://www.uegl.com.hk

United Energy Group Ltd is principally engaged in the investment and operation of upstream oil, natural gas, and other energy-related businesses. Geographically, the firm has operational footprints in Pakistan, Singapore, Egypt, and Iraq. Though the company generates majority of its revenue in Pakistan, Its oil and natural gas resources are the primary sources of revenue.

Executives

He Fu International Limited	2101 Beneficial owner
Huilan Investment Limited	2201 Interest of corporation controlled by you
Ming Ze Dong Fang Tou Zi You Xian Gong Si	2201 Interest of corporation controlled by you
Dong Fang Ji Tuan You Xian Gong Si	2201 Interest of corporation controlled by you
Zhang Hong Wei	2201 Interest of corporation controlled by you
Dong Fang Ji Tuan Chan Ye Fa Zhan You Xian Gong Si	2201 Interest of corporation controlled by you
United Petroleum & Natural Gas Holdings Limited	2101 Beneficial owner
United Energy Holdings Limited	2101 Beneficial owner
Million Fortune Enterprises Limited	2201 Interest of corporation controlled by you
Bei Jing Qing Long Hu Jia He Qi Ye Guan Li You Xian Gong Si	2101 Beneficial owner
Dong Fang Ji Tuan Gu Fen You Xian Gong Si	2201 Interest of corporation controlled by you
Dong Fang Ji Tuan Liang You Shi Pin You Xian Gong Si	2201 Interest of corporation controlled by you
Haitong Securities Co., Ltd.	2201 Interest of corporation controlled by you
Haitong International Securities Group Limited	2201 Interest of corporation controlled by you
Haitong International Holdings Limited	2201 Interest of corporation controlled by you

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