Shandong Xinchao Energy (SHSE:600777) Days Inventory

: 13.78 (As of Sep. 2023)

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Days Inventory is also known as Days Sales of Inventory (DSI). Shandong Xinchao Energy's Average Total Inventories for the three months ended in Sep. 2023 was ¥183 Mil. Shandong Xinchao Energy's Cost of Goods Sold for the three months ended in Sep. 2023 was ¥1,214 Mil. Hence, Shandong Xinchao Energy's Days Inventory for the three months ended in Sep. 2023 was 13.78.

The historical rank and industry rank for Shandong Xinchao Energy's Days Inventory or its related term are showing as below:

SHSE:600777' s Days Inventory Range Over the Past 10 Years
Min: 5.39 Med: 21.59 Max: 2024.25
Current: 16.69

During the past 13 years, Shandong Xinchao Energy's highest Days Inventory was 2024.25. The lowest was 5.39. And the median was 21.59.

SHSE:600777's Days Inventory is ranked better than
67.12% of 730 companies
in the Oil & Gas industry
Industry Median: 31.555 vs SHSE:600777: 16.69

Shandong Xinchao Energy's Days Inventory declined from Sep. 2022 (24.24) to Sep. 2023 (13.78).

Inventory Turnover measures how fast the company turns over its inventory within a year. Shandong Xinchao Energy's Inventory Turnover for the three months ended in Sep. 2023 was 6.62.

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. Shandong Xinchao Energy's Inventory-to-Revenue for the three months ended in Sep. 2023 was 0.07.

Shandong Xinchao Energy Days Inventory Historical Data

The historical data trend for Shandong Xinchao Energy's Days Inventory 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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Shandong Xinchao Energy Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Inventory

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5.39

11.35

18.97

24.21

17.63

Shandong Xinchao Energy Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Days Inventory	Get a 7-Day Free Trial															24.24	17.77	16.50	16.39	13.78

Competitive Comparison

For the Oil & Gas E&P subindustry, Shandong Xinchao Energy's Days Inventory, along with its competitors' market caps and Days Inventory data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Shandong Xinchao Energy Days Inventory Distribution

For the Oil & Gas industry and Energy sector, Shandong Xinchao Energy's Days Inventory distribution charts can be found below:

* The bar in red indicates where Shandong Xinchao Energy's Days Inventory falls into.

Shandong Xinchao Energy Days Inventory Calculation

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

Shandong Xinchao Energy's Days Inventory for the fiscal year that ended in Dec. 2022 is calculated as

	Days Inventory (A: Dec. 2022 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2021 )	+	Total Inventories (A: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2022 )	*	Days in Period
=	( (178.139	+	133.416)	/	2 )	/	3225.735	*	365
=	155.7775					/	3225.735	*	365
=	17.63

Shandong Xinchao Energy's Days Inventory for the quarter that ended in Sep. 2023 is calculated as:

	Days Inventory (Q: Sep. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Jun. 2023 )	+	Total Inventories (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (173.06	+	193.785)	/	2 )	/	1214.369	*	365 / 4
=	183.4225					/	1214.369	*	365 / 4
=	13.78

Shandong Xinchao Energy (SHSE:600777) Days Inventory Explanation

Days Inventory indicates the liquidity of the inventory. Generally, a lower Days Inventory is preferred as it indicates a shorter duration to clear off the inventory. An increase of the ratio may indicate the company's sales slowed. Similar ratios related to Days Inventory are:

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

Shandong Xinchao Energy's Inventory Turnover for the three months ended in Sep. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	1214.369	/	183.4225
	=	6.62

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.

Shandong Xinchao Energy's Inventory to Revenue for the three months ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	183.4225	/	2494.507
	=	0.07

Be Aware

A lot of business are seasonable. It makes more sense to compare Days Inventory from the same period in the previous year instead of from the previous quarter.

Shandong Xinchao Energy Days Inventory Related Terms

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Shandong Xinchao Energy (SHSE:600777) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Shandong Xinchao Energy Corp Ltd (SHSE:600777) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 301, Gangcheng East Street, Floor 14, Building B, Nanshan Century Building, Laishan District, Shandong Province, Yantai, CHN

Website

http://www.xinchaoshiye.com

Shandong Xinchao Energy Corp Ltd is engaged in overseas oil and gas exploration, production, and sale.

Shandong Xinchao Energy (SHSE:600777) Headlines

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