China Aviation Oil (Singapore) (SGX:G92) Inventory Turnover : 70.34 (As of Dec. 2023)

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What is China Aviation Oil (Singapore) 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. China Aviation Oil (Singapore)'s Cost of Goods Sold for the six months ended in Dec. 2023 was S$10,807 Mil. China Aviation Oil (Singapore)'s Average Total Inventories for the quarter that ended in Dec. 2023 was S$154 Mil. China Aviation Oil (Singapore)'s Inventory Turnover for the quarter that ended in Dec. 2023 was 70.34.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. China Aviation Oil (Singapore)'s Days Inventory for the six months ended in Dec. 2023 was 2.59.

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. China Aviation Oil (Singapore)'s Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.01.

China Aviation Oil (Singapore) Inventory Turnover Historical Data

The historical data trend for China Aviation Oil (Singapore)'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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China Aviation Oil (Singapore) Inventory Turnover Chart

China Aviation Oil (Singapore) Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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237.84

138.59

266.31

145.78

105.32

China Aviation Oil (Singapore) Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															58.19	190.19	60.04	38.71	70.34

China Aviation Oil (Singapore) Inventory Turnover Calculation

China Aviation Oil (Singapore)'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 )
=	19154.232	/ (	(246.148	+	117.578)	/	2 )
=	19154.232	/	181.863
=	105.32

China Aviation Oil (Singapore)'s Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

	Inventory Turnover (Q: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2023 )	/ (	(Total Inventories (Q: Jun. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	10806.734	/ (	(189.707	+	117.578)	/	2 )
=	10806.734	/	153.6425
=	70.34

China Aviation Oil (Singapore) (SGX:G92) 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.

China Aviation Oil (Singapore)'s Days Inventory for the six months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	153.6425	/	10806.734	*	365 / 2
	=	2.59

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.

China Aviation Oil (Singapore)'s Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	153.6425	/	10859.951
	=	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.

China Aviation Oil (Singapore) Inventory Turnover Related Terms

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China Aviation Oil (Singapore) (SGX:G92) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » China Aviation Oil (Singapore) Corp Ltd (SGX:G92) » Definitions » Inventory Turnover

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VZ8:Germany

Address

8 Temasek Boulevard, No. 31-02 Suntec Tower Three, Singapore, SGP, 038988

Website

https://www.caosco.com

China Aviation Oil (Singapore) Corp Ltd provides transportation fuels. With the core business involving the supply and trading of jet fuel across China and internationally, covering Asia-Pacific, North America, Europe, and the Middle East, the company also trades other oil products, which include fuel oil, gas oil, aviation gas, and crude oil in the Asia-Pacific region. The company operates in three segments: Middle Distillates, Other Oil Products, and Investments in Oil-Related Assets. The Middle Distillates segment engages in supplying and trading jet fuel and gas oil. Other oil products segment is into fuel oil, crude oil, and gasoline supply and trading.

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