Yanchang Petroleum International (HKSE:00346) Total Inventories : HK$347 Mil (As of Dec. 2023)

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What is Yanchang Petroleum International Total Inventories?

Yanchang Petroleum International's total inventories for the quarter that ended in Dec. 2023 was HK$347 Mil. Yanchang Petroleum International's average total inventories from the quarter that ended in Jun. 2023 to the quarter that ended in Dec. 2023 was HK$465 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Yanchang Petroleum International's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was HK$-1.12.

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 Turnover measures how fast the company turns over its inventory within a year. Yanchang Petroleum International's Inventory Turnover for the quarter that ended in Dec. 2023 was 34.78.

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 Total Inventories Historical Data

The historical data trend for Yanchang Petroleum International'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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Yanchang Petroleum International Total Inventories Chart

Yanchang Petroleum International Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

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31.54

195.99

460.65

846.18

346.58

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
Total Inventories	Get a 7-Day Free Trial															460.65	863.58	846.18	584.10	346.58

Yanchang Petroleum International 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.

Yanchang Petroleum International (HKSE:00346) 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.

Yanchang Petroleum International's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2023 is

	Net-Net Working Capital Per Share (Q: Dec. 2023 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(226.188	+	0.75 * 1014.916	+	0.5 * 346.58	-	2336.376
-	0	-	57.253)	/	1100.1
=	-1.12

2. 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

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

Yanchang Petroleum International's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Dec. 2023 )	/	Average Total Inventories (Q: Dec. 2023 )
	=	16185.067	/	465.3395
	=	34.78

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.

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

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.

Yanchang Petroleum International Total Inventories 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 » Total Inventories

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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