Sinopec Kantons Holdings (HKSE:00934) Inventory Turnover : 43.21 (As of Jun. 2024)

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What is Sinopec Kantons Holdings Inventory Turnover?

Inventory Turnover measures how fast the company turns over its inventory within a year. It is calculated as Cost of Goods Sold divided by Total Inventories. Sinopec Kantons Holdings's Cost of Goods Sold for the six months ended in Jun. 2024 was HK$153.6 Mil. Sinopec Kantons Holdings's Average Total Inventories for the quarter that ended in Jun. 2024 was HK$3.6 Mil. Sinopec Kantons Holdings's Inventory Turnover for the quarter that ended in Jun. 2024 was 43.21.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Sinopec Kantons Holdings's Days Inventory for the six months ended in Jun. 2024 was 4.22.

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. Sinopec Kantons Holdings's Inventory-to-Revenue for the quarter that ended in Jun. 2024 was 0.01.

Sinopec Kantons Holdings Inventory Turnover Historical Data

The historical data trend for Sinopec Kantons Holdings's Inventory Turnover 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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Sinopec Kantons Holdings Inventory Turnover Chart

Sinopec Kantons Holdings Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Inventory Turnover

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8.65

83.29

79.65

92.59

107.94

Sinopec Kantons Holdings Semi-Annual Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Inventory Turnover	Get a 7-Day Free Trial															40.35	41.44	56.91	43.21	58.18

Sinopec Kantons Holdings Inventory Turnover Calculation

Sinopec Kantons Holdings's Inventory Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Inventory Turnover (A: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2023 )	/ (	(Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )
=	351.549	/ (	(4.119	+	3.475)	/	2 )
=	351.549	/	3.797
=	92.59

Sinopec Kantons Holdings's Inventory Turnover for the quarter that ended in Jun. 2024 is calculated as

	Inventory Turnover (Q: Jun. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jun. 2024 )	/ (	(Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Jun. 2024 ))	/	count )
=	153.626	/ (	(3.475	+	3.636)	/	2 )
=	153.626	/	3.5555
=	43.21

Sinopec Kantons Holdings (HKSE:00934) Inventory Turnover Explanation

Inventory Turnover measures how fast the company turns over its inventory within a year. A higher Inventory Turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.

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

Sinopec Kantons Holdings's Days Inventory for the six months ended in Jun. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2024 )	/	Cost of Goods Sold (Q: Jun. 2024 )	*	Days in Period
	=	3.5555	/	153.626	*	365 / 2
	=	4.22

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.

Sinopec Kantons Holdings's Inventory to Revenue for the quarter that ended in Jun. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2024 )	/	Revenue (Q: Jun. 2024 )
	=	3.5555	/	331.236
	=	0.01

Be Aware

Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate Inventory Turnover. An average inventory is a better indication.

Sinopec Kantons Holdings Inventory Turnover Related Terms

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Sinopec Kantons Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Sinopec Kantons Holdings Ltd (HKSE:00934) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

SPKOY:USA SAK:Germany

Address

18 Whitfield Road, 34th Floor, Citicorp Centre, Causeway Bay, Hong Kong, HKG

Website

http://www.sinopec.com.hk

Sinopec Kantons Holdings Ltd is a company that operates in the storage, logistics, and trading industry. It provides crude oil and oil product terminals, ancillary facilities, and logistics services including storage, transportation, and terminal services. The company has two main segments: the crude oil jetty and storage services segment which caters to crude oil transportation, unloading, storage, and other jetty services for oil tankers in the PRC, Europe, and the Middle East, and the vessel chartering and logistics services segment which provides vessel chartering services for liquefied natural gas transportation in the PRC, Australia, and Papua New Guinea. The majority of the company's revenue is generated from the crude oil jetty and storage services segment.

Executives

Citic Group Corporation	2201 Interest of corporation controlled by you
Citic Limited	2201 Interest of corporation controlled by you
Cti Capital Management Limited	2101 Beneficial owner

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