SINOPEC Engineering (Group) Co (HKSE:02386) Days Inventory : 4.24 (As of Dec. 2023)

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What is SINOPEC Engineering (Group) Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). SINOPEC Engineering (Group) Co's Average Total Inventories for the six months ended in Dec. 2023 was HK$712 Mil. SINOPEC Engineering (Group) Co's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$30,646 Mil. Hence, SINOPEC Engineering (Group) Co's Days Inventory for the six months ended in Dec. 2023 was 4.24.

The historical rank and industry rank for SINOPEC Engineering (Group) Co's Days Inventory or its related term are showing as below:

HKSE:02386' s Days Inventory Range Over the Past 10 Years
Min: 4.4 Med: 8.01 Max: 16.42
Current: 4.99

During the past 12 years, SINOPEC Engineering (Group) Co's highest Days Inventory was 16.42. The lowest was 4.40. And the median was 8.01.

HKSE:02386's Days Inventory is ranked better than
86.03% of 1396 companies
in the Construction industry
Industry Median: 48.905 vs HKSE:02386: 4.99

SINOPEC Engineering (Group) Co's Days Inventory declined from Dec. 2022 (5.62) to Dec. 2023 (4.24).

Inventory Turnover measures how fast the company turns over its inventory within a year. SINOPEC Engineering (Group) Co's Inventory Turnover for the six months ended in Dec. 2023 was 43.04.

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 Engineering (Group) Co's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.02.

SINOPEC Engineering (Group) Co Days Inventory Historical Data

The historical data trend for SINOPEC Engineering (Group) Co's Days Inventory 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 Engineering (Group) Co Days Inventory Chart

SINOPEC Engineering (Group) Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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6.25

9.66

6.35

4.94

4.49

SINOPEC Engineering (Group) Co Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Inventory	Get a 7-Day Free Trial															7.15	4.68	5.62	6.47	4.24

Competitive Comparison of SINOPEC Engineering (Group) Co's Days Inventory

For the Engineering & Construction subindustry, SINOPEC Engineering (Group) Co's Days Inventory, along with its competitors' market caps and Days Inventory data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

SINOPEC Engineering (Group) Co's Days Inventory Distribution in the Construction Industry

For the Construction industry and Industrials sector, SINOPEC Engineering (Group) Co's Days Inventory distribution charts can be found below:

* The bar in red indicates where SINOPEC Engineering (Group) Co's Days Inventory falls into.

SINOPEC Engineering (Group) Co Days Inventory Calculation

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

SINOPEC Engineering (Group) Co's Days Inventory for the fiscal year that ended in Dec. 2023 is calculated as

	Days Inventory (A: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (845.906	+	517.198)	/	2 )	/	55353.791	*	365
=	681.552					/	55353.791	*	365
=	4.49

SINOPEC Engineering (Group) Co's Days Inventory for the quarter that ended in Dec. 2023 is calculated as:

	Days Inventory (Q: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Jun. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (906.974	+	517.198)	/	2 )	/	30645.943	*	365 / 2
=	712.086					/	30645.943	*	365 / 2
=	4.24

SINOPEC Engineering (Group) Co (HKSE:02386) Days Inventory Explanation

Days Inventory indicates the liquidity of the inventory. Generally, a lower Days Inventory is preferred as it indicates a shorter duration to clear off the inventory. An increase of the ratio may indicate the company's sales slowed. Similar ratios related to Days Inventory are:

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

SINOPEC Engineering (Group) Co's Inventory Turnover for the six months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	30645.943	/	712.086
	=	43.04

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 Engineering (Group) Co's Inventory to Revenue for the six months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	712.086	/	34334.792
	=	0.02

Be Aware

A lot of business are seasonable. It makes more sense to compare Days Inventory from the same period in the previous year instead of from the previous quarter.

SINOPEC Engineering (Group) Co Days Inventory Related Terms

Thank you for viewing the detailed overview of SINOPEC Engineering (Group) Co's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.

SINOPEC Engineering (Group) Co (HKSE:02386) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » SINOPEC Engineering (Group) Co Ltd (HKSE:02386) » Definitions » Days Inventory

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SENGF:USA

Address

Shenggu Middle Road, No. 8 Building, Shenggu Home, Chaoyang District, Beijing, CHN, 100029

Website

http://www.segroup.cn

SINOPEC Engineering (Group) Co Ltd is a wholly owned subsidiary of the Sinopec Group, a Chinese company. The group provides integrated engineering services and technical patents for domestic and international refining and chemical engineering businesses. The group mainly contains four segments: engineering, consulting and licensing; engineering, procurement and construction (EPC) contracting; construction; and equipment manufacturing. The company generates most of its revenue from the EPC contracting segment. Geographically, the business presence of the group is primarily seen in China, Malaysia, Kuwait, and Saudi Arabia.

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