CNOOC (SHSE:600938) Change In Inventory : ¥0 Mil (TTM As of Mar. 2025)

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What is CNOOC Change In Inventory?

CNOOC's change in inventory for the quarter that ended in Mar. 2025 was ¥0 Mil. It means CNOOC's inventory stayed the same from Dec. 2024 to Mar. 2025 .

CNOOC's change in inventory for the fiscal year that ended in Dec. 2024 was ¥533 Mil. It means CNOOC's inventory declined by ¥533 Mil from Dec. 2023 to Dec. 2024 .

CNOOC's Total Inventories for the quarter that ended in Mar. 2025 was ¥5,811 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. CNOOC's Days Inventory for the quarter that ended in Mar. 2025 was 10.87.

Inventory Turnover measures how fast the company turns over its inventory within a year. CNOOC's Inventory Turnover for the quarter that ended in Mar. 2025 was 8.40.

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. CNOOC's Inventory-to-Revenue for the quarter that ended in Mar. 2025 was 0.05.

CNOOC Change In Inventory Historical Data

The historical data trend for CNOOC'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.

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CNOOC Change In Inventory Chart

CNOOC Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Change In Inventory

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2,248.00

-99.00

-645.00

-361.00

533.00

CNOOC Quarterly Data
	Dec19	Jun20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25
Change In Inventory	Get a 7-Day Free Trial															-	-	-	-	-

CNOOC 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 Mar. 2025 adds up the quarterly data reported by the company within the most recent 12 months, which was ¥0 Mil.

CNOOC (SHSE:600938) Change In Inventory Explanation

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

CNOOC's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	5771.5	/	48462	*	365 / 4
	=	10.87

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

CNOOC's Inventory Turnover for the quarter that ended in Mar. 2025 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	48462	/	5771.5
	=	8.40

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.

CNOOC's Inventory to Revenue for the quarter that ended in Mar. 2025 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	5771.5	/	106854
	=	0.05

CNOOC Change In Inventory Related Terms

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CNOOC Business Description

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00883:Hong Kong

Address

1 Garden Road, 65th Floor, Bank of China Tower, Hong Kong, HKG, 999077

Website

https://www.cnoocltd.com

CNOOC is China's main offshore oil and gas exploration and production company. Through its parent company, it has exclusive rights to partner with foreign companies in offshore China projects. Net production for 2024 reached 726.8 million barrels of oil equivalent (78.0% oil), and year-end proven reserves were 7.27 billion barrels of oil equivalent. Assets outside China make up around 32.2% of production.

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