CHK Oil (HKSE:00632) Total Inventories : HK$0.0 Mil (As of Jun. 2024)

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What is CHK Oil Total Inventories?

CHK Oil's total inventories for the quarter that ended in Jun. 2024 was HK$0.0 Mil. CHK Oil's average total inventories from the quarter that ended in Dec. 2023 to the quarter that ended in Jun. 2024 was HK$0.0 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. CHK Oil's Net-Net Working Capital per share for the quarter that ended in Jun. 2024 was HK$-0.05.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. CHK Oil's Days Inventory for the six months ended in Jun. 2024 was 0.00.

Inventory Turnover measures how fast the company turns over its inventory within a year.

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. CHK Oil's Inventory-to-Revenue for the quarter that ended in Jun. 2024 was 0.00.

CHK Oil Total Inventories Historical Data

The historical data trend for CHK Oil's Total Inventories 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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CHK Oil Total Inventories Chart

CHK Oil Annual Data

Trend

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Total Inventories

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CHK Oil Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Total Inventories	Get a 7-Day Free Trial															-	-	-	-	-

CHK Oil Total Inventories Calculation

Total Inventories includes the raw materials, work-in-process goods and completely finished goods of a company. It is a portion of a company's current assets.

CHK Oil (HKSE:00632) Total Inventories Explanation

Inventory control is an important part of business operation. If a company does not have enough inventory, it may not be able to meet customers' required delivery time. If it has too much inventory, the cost of holding the inventory can be high.

1. In Ben Graham's calculation of Net-Net Working Capital (NNWC), inventory is only considered worth half of its book value.

CHK Oil's Net-Net Working Capital Per Share for the quarter that ended in Jun. 2024 is

	Net-Net Working Capital Per Share (Q: Jun. 2024 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(40.285	+	0.75 * 7.276	+	0.5 * 0	-	85.979
-	0	-	1.015)	/	841.879
=	-0.05

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

CHK Oil'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
	=	0	/	36.584	*	365 / 2
	=	0.00

3. Inventory Turnover measures how fast the company turns over its inventory within a year.

CHK Oil's Inventory Turnover for the quarter that ended in Jun. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Jun. 2024 )	/	Average Total Inventories (Q: Jun. 2024 )
	=	36.584	/	0
	=	N/A

4. 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.

CHK Oil'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 )
	=	0	/	36.705
	=	0.00

Be Aware

Manufacturers with durable competitive advantages have the advantage that the products they sell do not change, and therefore will never become obsolete. Buffett likes this advantage.

When identifying manufacturers with durable competitive advantage, look for inventory and net earnings that rise correspondingly. This indicates that the company is finding profitable ways to increase sales which called for an increase in inventory.

Manufacturers with inventories that spike up and down are indicative of competitive industries subject to boom and bust.

CHK Oil Total Inventories Related Terms

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CHK Oil Business Description

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Address

No. 132 Nathan Road, Units 2617-18, 26th Floor, Mira Place Tower A, Kowloon, Tsim Sha Tsui, Hong Kong, HKG

Website

https://www.chkoilltd.com

CHK Oil Ltd is principally engaged in the investment holding, exploring, exploiting and sale of oil and natural gas, and trading of oil, oil-related and other products. The group holds an exploitation interest in the Utah Gas and Oil Field Project located in Utah in the United States of America. The Group is principally engaged in oil and gas sales; and trading of oil and oil-related and other products. It has a business presence in Hong Kong, the PRC and the United states, of which key revenue is derived from the PRC.

Executives

Xin Hua Petroleum (hong Kong) Limited	2101 Beneficial owner
Yu Zhibo	2201 Interest of corporation controlled by you
Chen Junyan	2201 Interest of corporation controlled by you
So Kuen Kwok	2101 Beneficial owner
Mid-east Petroleum Group Ltd	2101 Beneficial owner

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