Chu Kong Petroleum and Natural Gas Steel Pipe Holdings (HKSE:01938) Days Inventory : 425.68 (As of Dec. 2024)

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What is Chu Kong Petroleum and Natural Gas Steel Pipe Holdings Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Chu Kong Petroleum and Natural Gas Steel Pipe Holdings's Average Total Inventories for the six months ended in Dec. 2024 was HK$2,718 Mil. Chu Kong Petroleum and Natural Gas Steel Pipe Holdings's Cost of Goods Sold for the six months ended in Dec. 2024 was HK$1,165 Mil. Hence, Chu Kong Petroleum and Natural Gas Steel Pipe Holdings's Days Inventory for the six months ended in Dec. 2024 was 425.68.

The historical rank and industry rank for Chu Kong Petroleum and Natural Gas Steel Pipe Holdings's Days Inventory or its related term are showing as below:

HKSE:01938' s Days Inventory Range Over the Past 10 Years
Min: 221.28 Med: 615.75 Max: 999.81
Current: 388.08

During the past 13 years, Chu Kong Petroleum and Natural Gas Steel Pipe Holdings's highest Days Inventory was 999.81. The lowest was 221.28. And the median was 615.75.

HKSE:01938's Days Inventory is ranked worse than
97.78% of 585 companies
in the Steel industry
Industry Median: 87.23 vs HKSE:01938: 388.08

Chu Kong Petroleum and Natural Gas Steel Pipe Holdings's Days Inventory increased from Dec. 2023 (406.14) to Dec. 2024 (425.68). It might indicate that Chu Kong Petroleum and Natural Gas Steel Pipe Holdings's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Chu Kong Petroleum and Natural Gas Steel Pipe Holdings's Inventory Turnover for the six months ended in Dec. 2024 was 0.43.

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. Chu Kong Petroleum and Natural Gas Steel Pipe Holdings's Inventory-to-Revenue for the six months ended in Dec. 2024 was 1.96.

Chu Kong Petroleum and Natural Gas Steel Pipe Holdings Days Inventory Historical Data

The historical data trend for Chu Kong Petroleum and Natural Gas Steel Pipe Holdings'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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Chu Kong Petroleum and Natural Gas Steel Pipe Holdings Days Inventory Chart

Chu Kong Petroleum and Natural Gas Steel Pipe Holdings Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Days Inventory

Get a 7-Day Free Trial

999.81

655.66

575.84

459.29

398.94

Chu Kong Petroleum and Natural Gas Steel Pipe Holdings Semi-Annual Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Days Inventory	Get a 7-Day Free Trial															533.09	548.52	406.14	349.29	425.68

Competitive Comparison of Chu Kong Petroleum and Natural Gas Steel Pipe Holdings's Days Inventory

For the Steel subindustry, Chu Kong Petroleum and Natural Gas Steel Pipe Holdings'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.

Chu Kong Petroleum and Natural Gas Steel Pipe Holdings's Days Inventory Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Chu Kong Petroleum and Natural Gas Steel Pipe Holdings's Days Inventory distribution charts can be found below:

* The bar in red indicates where Chu Kong Petroleum and Natural Gas Steel Pipe Holdings's Days Inventory falls into.

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Chu Kong Petroleum and Natural Gas Steel Pipe Holdings Days Inventory Calculation

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

Chu Kong Petroleum and Natural Gas Steel Pipe Holdings's Days Inventory for the fiscal year that ended in Dec. 2024 is calculated as

	Days Inventory (A: Dec. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2023 )	+	Total Inventories (A: Dec. 2024 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2024 )	*	Days in Period
=	( (2850.554	+	2803.166)	/	2 )	/	2586.395	*	365
=	2826.86					/	2586.395	*	365
=	398.94

Chu Kong Petroleum and Natural Gas Steel Pipe Holdings's Days Inventory for the quarter that ended in Dec. 2024 is calculated as:

	Days Inventory (Q: Dec. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Jun. 2024 )	+	Total Inventories (Q: Dec. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2024 )	*	Days in Period
=	( (2633.704	+	2803.166)	/	2 )	/	1165.468	*	365 / 2
=	2718.435					/	1165.468	*	365 / 2
=	425.68

Chu Kong Petroleum and Natural Gas Steel Pipe Holdings (HKSE:01938) 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.

Chu Kong Petroleum and Natural Gas Steel Pipe Holdings's Inventory Turnover for the six months ended in Dec. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	1165.468	/	2718.435
	=	0.43

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.

Chu Kong Petroleum and Natural Gas Steel Pipe Holdings's Inventory to Revenue for the six months ended in Dec. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	2718.435	/	1389.826
	=	1.96

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.

Chu Kong Petroleum and Natural Gas Steel Pipe Holdings Days Inventory Related Terms

Thank you for viewing the detailed overview of Chu Kong Petroleum and Natural Gas Steel Pipe Holdings's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.

Chu Kong Petroleum and Natural Gas Steel Pipe Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Chu Kong Petroleum and Natural Gas Steel Pipe Holdings Ltd (HKSE:01938) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

2nd Floor, 3-5 Golden Dragon City, Yayun Avenue, Panyu District, Guangdong Province, Guangzhou, CHN, 511450

Website

http://www.pck.com.cn

Chu Kong Petroleum and Natural Gas Steel Pipe Holdings Ltd operates in the steel pipe business. The group is involved in its key revenue-generating business which is to manufacture and sell welded steel pipes and the provision of related manufacturing services. The group's steel pipes are mainly used for energy transmission including oil and gas transmission pipelines, deep-sea pipelines, city gas networks, petrochemicals, mining, infrastructure construction, offshore engineering, steel structures, and water utilities industries. Further, it is also involved in the development of properties for sale; and property investment activities. The group has a business presence in Mainland China and other countries, of which maximum revenue is derived from Mainland China.

Executives

Bournam Profits Limited
Chen Chang

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