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Inventory Turnover measures how fast the company turns over its inventory within a year.
CNOOC Energy Technology & Services's Inventory Turnover for the
three
months ended in Mar. 2026 was 6.26.
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 Energy Technology & Services's Inventory-to-Revenue for the
three
months ended in Mar. 2026 was 0.14.
CNOOC Energy Technology & Services (SHSE:600968) 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.
CNOOC Energy Technology & Services's Inventory Turnover for the
three
months ended in Mar. 2026 is calculated as
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.
CNOOC Energy Technology & Services's Inventory to Revenue for the
three
months ended in Mar. 2026 is calculated as
* 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.
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.
CNOOC Energy Technology & Services Days Inventory Related Terms
CNOOC Energy Technology & Services Days Inventory Historical Data
* 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.
CNOOC Energy Technology & Services Days Inventory Chart
SHSE:600968 vs SLB, BKR, HAL: Days Inventory Comparison
For the Oil & Gas Equipment & Services subindustry, CNOOC Energy Technology & 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.
CNOOC Energy Technology & Services Days Inventory vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, CNOOC Energy Technology & Services's Days Inventory distribution charts can be found below:
* The bar in red indicates where CNOOC Energy Technology & Services's Days Inventory falls into.
* 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.
CNOOC Energy Technology & Services (SHSE:600968) has a Days Inventory of 14.58 as of Mar. 2026. Days inventory represents the average amount of days a company holds inventory before selling it. View historical data on CNOOC Energy Technology & Services and its competitors. This is 102% above median its historical median of 7.23. Over the past decade, CNOOC Energy Technology & Services' Days Inventory has ranged from 6.71 to 14.81. According to the industry distribution chart, CNOOC Energy Technology & Services ranks #171 out of 685 companies in the Oil & Gas industry, placing it in the top 25%.
Is CNOOC Energy Technology & Services' Days Inventory too high?
CNOOC Energy Technology & Services' current Days Inventory of 14.58 is 102% above median its 10-year median of 7.23. Over the past 10 years, this metric has ranged from a low of 6.71 to a high of 14.81. The Oil & Gas industry median Days Inventory is 30.99. CNOOC Energy Technology & Services' value of 14.58 is 53% below this industry median. Based on the distribution chart, CNOOC Energy Technology & Services ranks #171 out of 685 companies in the Oil & Gas industry, which is in the top quartile — a strong position relative to peers. Overall, CNOOC Energy Technology & Services has a GF Score™ of 86/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does CNOOC Energy Technology & Services' Days Inventory compare to SLB and BKR?
According to the Oil & Gas industry distribution chart, CNOOC Energy Technology & Services ranks #171 out of 685 companies for Days Inventory. This places CNOOC Energy Technology & Services in the top 25% of its industry — outperforming the majority of peers. The industry median Days Inventory is 30.99. CNOOC Energy Technology & Services' value of 14.58 is 53% below this benchmark. Historically, CNOOC Energy Technology & Services' own Days Inventory has ranged from 6.71 to 14.81 over the past decade. While the company's 10-year median is 7.23 vs. the industry median of 30.99, CNOOC Energy Technology & Services has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Days Inventory for an Oil & Gas company?
The median Days Inventory among Oil & Gas companies is 30.99, based on 685 companies in the industry. Companies in the top quartile (top 25%) have a Days Inventory significantly above this median, while those in the bottom quartile fall well below. However, Days Inventory should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. CNOOC Energy Technology & Services's current Days Inventory of 14.58 is 53% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Days Inventory mean?
A high Days Inventory can signal that a stock is expensive relative to its fundamentals. Days inventory represents the average amount of days a company holds inventory before selling it. View historical data on CNOOC Energy Technology & Services and its competitors. For the Oil & Gas industry, the median Days Inventory is 30.99 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. CNOOC Energy Technology & Services's current Days Inventory is 14.58, which is 102% above median its own 10-year median of 7.23. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is CNOOC Energy Technology & Services stock overvalued right now?
Based on GuruFocus' analysis, CNOOC Energy Technology & Services (SHSE:600968) is currently considered Fairly Valued. The stock's GF Value™ is ¥3.91, compared to a current price of ¥3.74 — trading 4.3% below its estimated fair value. The current Days Inventory is 14.58, which is 102% above median its 10-year median of 7.23 and 53% below the Oil & Gas industry median of 30.99. CNOOC Energy Technology & Services' overall GF Score™ is 86/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Days Inventory calculated?
Days Inventory is calculated from a company's financial statements. For CNOOC Energy Technology & Services (SHSE:600968), the current Days Inventory is 14.58 as of Mar. 2026. 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.
Is CNOOC Energy Technology & Services (SHSE:600968) Overvalued in 2026?
Based on GuruFocus' analysis, CNOOC Energy Technology & Services stock appears to be undervalued.
The current stock price of ¥3.74 is trading 4.3% below its estimated GF Value™ of ¥3.91.
GuruFocus considers CNOOC Energy Technology & Services to be Fairly Valued.
Key valuation signals for SHSE:600968:
Days Inventory: 14.58 (102% above median its 10-year median of 7.23)
GF Value™: ¥3.91 vs. price of ¥3.74 (4.3% below fair value)
Industry Position: 53% below the Oil & Gas median (#171 of 685)
No single metric tells the full story. See the SHSE:600968 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
CNOOC Energy Technology & Services Business Description
CNOOC Energy Technology & Services Ltd is a diversified industrial group that covers majority of the upstream and downstream sectors of the oil and gas industry chain, forming four core business segments: Energy technology services; Floating Production Storage and Offloading (FPSO) Production Technical Service segment; Energy logistics services; and the Safety, environmental protection and Energy conservation.
86GF Score
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