Anton Oilfield Services Group (HKSE:03337) Inventory Turnover : 2.19 (As of Dec. 2024)

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What is Anton Oilfield Services Group 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. Anton Oilfield Services Group's Cost of Goods Sold for the six months ended in Dec. 2024 was HK$1,957 Mil. Anton Oilfield Services Group's Average Total Inventories for the quarter that ended in Dec. 2024 was HK$893 Mil. Anton Oilfield Services Group's Inventory Turnover for the quarter that ended in Dec. 2024 was 2.19.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Anton Oilfield Services Group's Days Inventory for the six months ended in Dec. 2024 was 83.30.

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. Anton Oilfield Services Group's Inventory-to-Revenue for the quarter that ended in Dec. 2024 was 0.32.

Anton Oilfield Services Group Inventory Turnover Historical Data

The historical data trend for Anton Oilfield Services Group'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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Anton Oilfield Services Group Inventory Turnover Chart

Anton Oilfield Services Group Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Inventory Turnover

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2.76

2.19

2.55

3.34

3.93

Anton Oilfield Services Group 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															1.41	1.39	1.90	1.67	2.19

Anton Oilfield Services Group Inventory Turnover Calculation

Anton Oilfield Services Group's Inventory Turnover for the fiscal year that ended in Dec. 2024 is calculated as

	Inventory Turnover (A: Dec. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2024 )	/ (	(Total Inventories (A: Dec. 2023 )	+	Total Inventories (A: Dec. 2024 ))	/	count )
=	3577.628	/ (	(995.362	+	823.597)	/	2 )
=	3577.628	/	909.4795
=	3.93

Anton Oilfield Services Group's Inventory Turnover for the quarter that ended in Dec. 2024 is calculated as

	Inventory Turnover (Q: Dec. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2024 )	/ (	(Total Inventories (Q: Jun. 2024 )	+	Total Inventories (Q: Dec. 2024 ))	/	count )
=	1957.244	/ (	(963.135	+	823.597)	/	2 )
=	1957.244	/	893.366
=	2.19

Anton Oilfield Services Group (HKSE:03337) 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.

Anton Oilfield Services Group's Days Inventory for the six months ended in Dec. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2024 )	/	Cost of Goods Sold (Q: Dec. 2024 )	*	Days in Period
	=	893.366	/	1957.244	*	365 / 2
	=	83.30

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.

Anton Oilfield Services Group's Inventory to Revenue for the quarter that ended in Dec. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2024 )	/	Revenue (Q: Dec. 2024 )
	=	893.366	/	2752.045
	=	0.32

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.

Anton Oilfield Services Group Inventory Turnover Related Terms

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Anton Oilfield Services Group Business Description

Industry

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ATONY:USA ATONF:USA 5AO:Germany

Address

No. 8, Pingcui West Road, Donghuqu, Chaoyang District, Beijing, CHN, 100102

Website

https://www.antonoil.com

Anton Oilfield Services Group is an investment holding company principally engaged in the provision of integrated oil and gas field development technical services. The Company operates its business through the following segments; Oilfield technical services, Oilfield management services, Drilling rig services, and Inspection services. The majority of the company's revenue is generated from the Oilfield technical services segment which covers the full life cycle of oil and gas development, including geological technology, drilling technology, well completion and stimulation technology as well as asset leasing services for the industry. Geographically, the firm derives its key revenue from the Republic of Iraq followed by the People's Republic of China, and other countries.

Executives

Boci Trustee (hong Kong) Limited	2301 Trustee
Luo Lin	2101 Beneficial owner
Avalon Assets Limited	2101 Beneficial owner
Butterfield Trust (asia) Limited	2301 Trustee
China Oil Hbp Science & Technology Co., Ltd.
Credit Suisse Trust Limited	2101 Beneficial owner
Pro Development Holdings Corp.	2101 Beneficial owner
Hong Kong Huihua Global Technology Limited	2101 Beneficial owner

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