What is Zhongman Petroleum And Natural Gas Group Inventory-to-Revenue?
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. Zhongman Petroleum And Natural Gas Group's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥674 Mil. Zhongman Petroleum And Natural Gas Group's Revenue for the
three
months ended in Mar. 2024 was ¥807 Mil.
Zhongman Petroleum And Natural Gas Group's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.84.
An increase in Inventory-to-Revenue from one quarter to the next indicates that one of the following is happening:
1. investment in inventory is growing more rapidly than revenue
2. revenue are dropping
No matter which situation is causing the problem, an increase in the Inventory-to-Revenue may signal an oncoming cash flow problem.
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Zhongman Petroleum And Natural Gas Group's Days Inventory for the
three
months ended in Mar. 2024 was 141.07.
Inventory Turnover measures how fast the company turns over its inventory within a year.
Zhongman Petroleum And Natural Gas Group's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.65.
Zhongman Petroleum And Natural Gas Group Inventory-to-Revenue Historical Data
* 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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Zhongman Petroleum And Natural Gas Group Inventory-to-Revenue Chart
Zhongman Petroleum And Natural Gas Group Annual Data
Competitive Comparison of Zhongman Petroleum And Natural Gas Group's Inventory-to-Revenue
For the Oil & Gas Equipment & Services subindustry, Zhongman Petroleum And Natural Gas Group's Inventory-to-Revenue, along with its competitors' market caps and Inventory-to-Revenue 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.
Zhongman Petroleum And Natural Gas Group's Inventory-to-Revenue Distribution in the Oil & Gas Industry
* The bar in red indicates where Zhongman Petroleum And Natural Gas Group's Inventory-to-Revenue falls into.
Zhongman Petroleum And Natural Gas Group Inventory-to-Revenue Calculation
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.
* 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.
Zhongman Petroleum And Natural Gas Group (SHSE:603619) Inventory-to-Revenue Explanation
An increase in Inventory-to-Revenue from one quarter to the next indicates that one of the following is happening:
1. investment in inventory is growing more rapidly than revenue
2. revenue are dropping
No matter which situation is causing the problem, an increase in the Inventory-to-Revenue may signal an oncoming cash flow problem.
Likewise, a decrease in the Inventory-to-Revenue from one quarter to next indicates that one of these is occurring:
1. investment in inventory is shrinking in relation to revenue
2. revenue are increasing
No matter which situation is causing the reduction in the Inventory-to-Revenue, either one suggests that business's inventory levels and its cash flow are effectively managed.
More Related Terms:
1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Zhongman Petroleum And Natural Gas Group's Days Inventory for the
three
months ended in Mar. 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.
Zhongman Petroleum And Natural Gas Group Inventory-to-Revenue Related Terms
Thank you for viewing the detailed overview of Zhongman Petroleum And Natural Gas Group's Inventory-to-Revenue provided by GuruFocus.com. Please click on the following links to see related term pages.
Zhongman Petroleum And Natural Gas Group (SHSE:603619) Business Description
Zhongman Petroleum And Natural Gas Group Corp Ltd is a drilling engineering contractor and manufacturer of petroleum drilling equipment. It is also engaged in oil and gas exploration, geological engineering, installation of CNG/LNG Vehicle Fueling Stations and international trade.
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