China Huarong Energy Co (FRA:XYTA) Change In Inventory: €0.00 Mil (TTM As of Jun. 2024)

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What is China Huarong Energy Co Change In Inventory?

China Huarong Energy Co FRA:XYTA Change In Inventory is €0.00 Mil as of Jun. 2024.

China Huarong Energy Co's change in inventory for the quarter that ended in Jun. 2024 was €0.00 Mil. It means China Huarong Energy Co's inventory stayed the same from Dec. 2023 to Jun. 2024 .

China Huarong Energy Co's change in inventory for the fiscal year that ended in Dec. 2023 was €0.26 Mil. It means China Huarong Energy Co's inventory declined by €0.26 Mil from Dec. 2022 to Dec. 2023 .

China Huarong Energy Co's Total Inventories for the quarter that ended in Jun. 2024 was €0.41 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. China Huarong Energy Co's Days Inventory for the quarter that ended in Jun. 2024 was 22.98.

Inventory Turnover measures how fast the company turns over its inventory within a year. China Huarong Energy Co's Inventory Turnover for the quarter that ended in Jun. 2024 was 7.94.

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 Huarong Energy Co's Inventory-to-Revenue for the quarter that ended in Jun. 2024 was 0.08.

China Huarong Energy Co  (FRA:XYTA) Change In Inventory Explanation

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

China Huarong Energy Co's Days Inventory for the quarter that ended in is calculated as:

Days Inventory=Average Total Inventories/Cost of Goods Sold*Days in Period
=0.394/3.129*365 / 2
=22.98

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

China Huarong Energy Co's Inventory Turnover for the quarter that ended in Jun. 2024 is calculated as

Inventory Turnover=Cost of Goods Sold / Average Total Inventories
=3.129 / 0.394
=7.94

3. 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 Huarong Energy Co's Inventory to Revenue for the quarter that ended in Jun. 2024 is calculated as

Inventory-to-Revenue=Average Total Inventories / Revenue
=0.394 / 5.222
=0.08

* 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.

China Huarong Energy Co Change In Inventory Related Terms

China Huarong Energy Co Change In Inventory Historical Data

* Premium members only.

The historical data trend for China Huarong Energy Co's Change In 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.

China Huarong Energy Co Change In Inventory Chart

China Huarong Energy Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Change In Inventory
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.17 0.11 -0.24 -0.09 0.26

China Huarong Energy Co Semi-Annual Data
Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
Change In Inventory Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 0.00

China Huarong Energy Co Change In Inventory Calculation

Change In Inventory is the difference between last period's ending inventory and the current period's ending inventory.

Change In Inventory for the trailing twelve months (TTM) ended in Jun. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was €0.00 Mil.

* 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.

Frequently Asked Questions Learn more about Change In Inventory →
What does a Change In Inventory of €0.00 Mil mean?
China Huarong Energy Co (FRA:XYTA) has a Change In Inventory of €0.00 Mil as of Jun. 2024. Change in Inventory is the difference between current-period inventory and past-period inventory. View historical data for China Huarong Energy Co and its competitors.
Is China Huarong Energy Co's Change In Inventory too high?
China Huarong Energy Co's current Change In Inventory is €0.00 Mil.
How does China Huarong Energy Co's Change In Inventory compare to COP and EOG?
China Huarong Energy Co's Change In Inventory of €0.00 Mil can be compared against companies in the Oil & Gas industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Change In Inventory for an Oil & Gas company?
A good Change In Inventory depends on the Oil & Gas industry context. However, Change In Inventory should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Change In Inventory mean?
A high Change In Inventory can signal that a stock is expensive relative to its fundamentals. Change in Inventory is the difference between current-period inventory and past-period inventory. View historical data for China Huarong Energy Co and its competitors. China Huarong Energy Co's current Change In Inventory is €0.00 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is China Huarong Energy Co stock overvalued right now?
China Huarong Energy Co (FRA:XYTA) has a current Change In Inventory of €0.00 Mil. The current Change In Inventory is €0.00 Mil. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Change In Inventory calculated?
Change In Inventory is calculated from a company's financial statements. For China Huarong Energy Co (FRA:XYTA), the current Change In Inventory is €0.00 Mil as of Jun. 2024. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

China Huarong Energy Co Business Description

Industry EnergyOil & Gas
Address 50 Wing Tai Road, Room 807H, 8th Floor, Cornell Centre, Chaiwan, Hong Kong, HKG
China Huarong Energy Co Ltd is a company principally engaged in the business of energy exploration and production focusing on oil and gas-related customers and markets. Its projects include approximately four oilfields located in the Fergana Valley of the Republic of Kyrgyzstan. The company's reportable segments are; Energy exploration and production which generates revenue from sales of crude oil in Kyrgyzstan; and the Oil storage and trading segment which generates key revenue for the firm is engaged in renting its capacity in the provision of oil storage services and trading the relevant commodities in China. Geographically, the company generates a majority of its revenue from China and the rest from Kyrgyzstan.