Jutal Offshore Oil Services (HKSE:03303) Days Inventory : 15.66 (As of Dec. 2023)

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What is Jutal Offshore Oil Services Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Jutal Offshore Oil Services's Average Total Inventories for the six months ended in Dec. 2023 was HK$123 Mil. Jutal Offshore Oil Services's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$1,430 Mil. Hence, Jutal Offshore Oil Services's Days Inventory for the six months ended in Dec. 2023 was 15.66.

The historical rank and industry rank for Jutal Offshore Oil Services's Days Inventory or its related term are showing as below:

HKSE:03303' s Days Inventory Range Over the Past 10 Years
Min: 13.33 Med: 18.65 Max: 35.05
Current: 19.22

During the past 13 years, Jutal Offshore Oil Services's highest Days Inventory was 35.05. The lowest was 13.33. And the median was 18.65.

HKSE:03303's Days Inventory is ranked better than
64.26% of 719 companies
in the Oil & Gas industry
Industry Median: 32.54 vs HKSE:03303: 19.22

Jutal Offshore Oil Services's Days Inventory declined from Dec. 2022 (41.64) to Dec. 2023 (15.66).

Inventory Turnover measures how fast the company turns over its inventory within a year. Jutal Offshore Oil Services's Inventory Turnover for the six months ended in Dec. 2023 was 11.65.

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. Jutal Offshore Oil Services's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.06.

Jutal Offshore Oil Services Days Inventory Historical Data

The historical data trend for Jutal Offshore Oil Services'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.

* Premium members only.

Jutal Offshore Oil Services Days Inventory Chart

Jutal Offshore Oil Services Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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35.05

17.66

14.72

33.54

22.17

Jutal Offshore Oil Services Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Days Inventory	Get a 7-Day Free Trial															24.48	41.64	34.59	15.66	22.36

Competitive Comparison of Jutal Offshore Oil Services's Days Inventory

For the Oil & Gas Equipment & Services subindustry, Jutal Offshore Oil Services'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.

Jutal Offshore Oil Services's Days Inventory Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Jutal Offshore Oil Services's Days Inventory falls into.

Jutal Offshore Oil Services Days Inventory Calculation

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

Jutal Offshore Oil Services's Days Inventory for the fiscal year that ended in Dec. 2023 is calculated as

	Days Inventory (A: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (136.409	+	120.938)	/	2 )	/	2117.975	*	365
=	128.6735					/	2117.975	*	365
=	22.17

Jutal Offshore Oil Services's Days Inventory for the quarter that ended in Dec. 2023 is calculated as:

	Days Inventory (Q: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Jun. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (124.434	+	120.938)	/	2 )	/	1429.78	*	365 / 2
=	122.686					/	1429.78	*	365 / 2
=	15.66

Jutal Offshore Oil Services (HKSE:03303) 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.

Jutal Offshore Oil Services's Inventory Turnover for the six months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	1429.78	/	122.686
	=	11.65

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.

Jutal Offshore Oil Services's Inventory to Revenue for the six months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	122.686	/	1934.07
	=	0.06

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.

Jutal Offshore Oil Services Days Inventory Related Terms

Thank you for viewing the detailed overview of Jutal Offshore Oil Services's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.

Jutal Offshore Oil Services Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Jutal Offshore Oil Services Ltd (HKSE:03303) » Definitions » Days Inventory

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JUTOF:USA JUTOY:USA I8O:Germany

Address

10th Floor, Chiwan Petroleum Building, Shekou, Nanshan District, Shenzhen, CHN, 518068

Website

https://www.jutal.com

Jutal Offshore Oil Services Ltd is an investment holding company. The company's operating segments include Fabrication of facilities and provision of integrated services for oil and gas industries, Fabrication of facilities and provision of integrated services for new energy and refining and chemical industries, and Others. It generates maximum revenue from the Fabrication of facilities and provision of integrated services for oil and gas industries segment. Geographically, it derives a majority of revenue from the United States and also has an international presence.

Executives

Wang Lishan	2101 Beneficial owner
Cheung Hing Investments Limited	2101 Beneficial owner
Hong Man Chu	2202 Interest of your spouse
Lo Chun Yim	2201 Interest of corporation controlled by you
San Ju Huan Bao Xiang Gang You Xian Gong Si	2101 Beneficial owner
Bei Jing Hai Xin Neng Yuan Ke Ji Gu Fen You Xian Gong Si	2201 Interest of corporation controlled by you
Jin Hua Xin Xiang Gang Ke Ji You Xian Gong Si	2101 Beneficial owner
Capital Pilot Limited	2106 Person having a security interest in shares
Wealthking Investments Limited	2201 Interest of corporation controlled by you
Wk Quantum Holdings Limited	2101 Beneficial owner
Shiu Shu Ming	2201 Interest of corporation controlled by you
Sanju Environmental Protection (hong Kong) Limited
Bei Jing San Ju Huan Bao Xin Cai Liao Gu Fen You Xian Gong Si
Golden Talent (hk) Technology Co.,limited	2101 Beneficial owner

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