Yanchang Petroleum International (HKSE:00346) Inventory Turnover : 34.78 (As of Dec. 2023)

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What is Yanchang Petroleum International 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. Yanchang Petroleum International's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$16,185 Mil. Yanchang Petroleum International's Average Total Inventories for the quarter that ended in Dec. 2023 was HK$465 Mil. Yanchang Petroleum International's Inventory Turnover for the quarter that ended in Dec. 2023 was 34.78.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Yanchang Petroleum International's Days Inventory for the six months ended in Dec. 2023 was 5.25.

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. Yanchang Petroleum International's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.03.

Yanchang Petroleum International Inventory Turnover Historical Data

The historical data trend for Yanchang Petroleum International'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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Yanchang Petroleum International Inventory Turnover Chart

Yanchang Petroleum International Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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164.39

238.82

59.34

45.58

46.26

Yanchang Petroleum International 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															18.80	13.91	24.06	15.94	34.78

Yanchang Petroleum International Inventory Turnover Calculation

Yanchang Petroleum International'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 )
=	27587.829	/ (	(846.178	+	346.58)	/	2 )
=	27587.829	/	596.379
=	46.26

Yanchang Petroleum International'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 )
=	16185.067	/ (	(584.099	+	346.58)	/	2 )
=	16185.067	/	465.3395
=	34.78

Yanchang Petroleum International (HKSE:00346) 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.

Yanchang Petroleum International'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
	=	465.3395	/	16185.067	*	365 / 2
	=	5.25

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.

Yanchang Petroleum International'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 )
	=	465.3395	/	16274.588
	=	0.03

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.

Yanchang Petroleum International Inventory Turnover Related Terms

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Yanchang Petroleum International (HKSE:00346) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Yanchang Petroleum International Ltd (HKSE:00346) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

33 Hysan Avenue, Causeway Bay, Room 3403, 34th Floor, Lee Garden One, Hong Kong, HKG

Website

http://www.yanchanginternational.com

Yanchang Petroleum International Ltd is engaged in supply and procurement operation of oil-related products. The operating segments of the company are Exploration, exploitation, and operation which comprises the oil and gas exploration, exploitation, sale and operation; and Supply and procurement business segment involves storage, transportation, trading and distribution of oil-related products. It generates maximum revenue from Supply and procurement segment. Geographically, it derives majority revenue from PRC and also has an operation in Canada and Others.

Executives

Shan Xi Yan Zhang Shi You Ji Tuan You Xian Ze Ren Gong Si	2201 Interest of corporation controlled by you
Yan Zhang Shi You Ji Tuan Xiang Gang You Xian Gong Si	2101 Beneficial owner
Chang An Hui Tong Tou Zi Xiang Gang You Xian Gong Si	2101 Beneficial owner
Chang An Hui Tong You Xian Ze Ren Gong Si	2201 Interest of corporation controlled by you

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