China Huarong Energy Co's total inventories for the quarter that ended in Jun. 2024 was HK$3.41 Mil. China Huarong Energy Co's average total inventories from the quarter that ended in Dec. 2023 to the quarter that ended in Jun. 2024 was HK$3.33 Mil.
In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. China Huarong Energy Co's Net-Net Working Capital per share for the quarter that ended in Jun. 2024 was HK$-3.17.
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
China Huarong Energy Co's Days Inventory for the
six
months ended in Jun. 2024 was 23.13.
Inventory Turnover measures how fast the company turns over its inventory within a year.
China Huarong Energy Co's Inventory Turnover for the quarter that ended in Jun. 2024 was 7.89.
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 Huarong Energy Co's Inventory-to-Revenue for the quarter that ended in Jun. 2024 was 0.08.
China Huarong Energy Co (HKSE:01101) 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.
China Huarong Energy Co's Net-Net Working Capital Per Share for the quarter that ended in Jun. 2024 is
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.
China Huarong Energy Co's Inventory to Revenue for the quarter that ended in Jun. 2024 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
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.
China Huarong Energy Co Total Inventories Related Terms
China Huarong Energy Co Total Inventories Historical Data
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The historical data trend for China Huarong Energy Co'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.
China Huarong Energy Co 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.
What does a Total Inventories of HK$3.41 Mil mean?
China Huarong Energy Co (HKSE:01101) has a Total Inventories of HK$3.41 Mil as of Jun. 2024. The total amount of inventory as recorded on a company's balance sheet. View historical data for China Huarong Energy Co and its competitors.
Is China Huarong Energy Co's Total Inventories too high?
China Huarong Energy Co's current Total Inventories is HK$3.41 Mil.
How does China Huarong Energy Co's Total Inventories compare to COP and EOG?
China Huarong Energy Co's Total Inventories of HK$3.41 Mil can be compared against companies in the Oil & Gas industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Total Inventories for an Oil & Gas company?
A good Total Inventories depends on the Oil & Gas industry context. However, Total Inventories should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Total Inventories mean?
A high Total Inventories can signal that a stock is expensive relative to its fundamentals. The total amount of inventory as recorded on a company's balance sheet. View historical data for China Huarong Energy Co and its competitors. China Huarong Energy Co's current Total Inventories is HK$3.41 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is China Huarong Energy Co stock overvalued right now?
China Huarong Energy Co (HKSE:01101) has a current Total Inventories of HK$3.41 Mil. The current Total Inventories is HK$3.41 Mil. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Total Inventories calculated?
Total Inventories is calculated from a company's financial statements. For China Huarong Energy Co (HKSE:01101), the current Total Inventories is HK$3.41 Mil as of Jun. 2024. 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.
China Huarong Energy Co Ltd is a company principally engaged in the business of energy exploration and production focusing on oil and gas-related customers and markets. Its projects include approximately four oilfields located in the Fergana Valley of the Republic of Kyrgyzstan. The company's reportable segments are; Energy exploration and production which generates revenue from sales of crude oil in Kyrgyzstan; and the Oil storage and trading segment which generates key revenue for the firm is engaged in renting its capacity in the provision of oil storage services and trading the relevant commodities in China. Geographically, the company generates a majority of its revenue from China and the rest from Kyrgyzstan.
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