Kunlun Energy Co (Kunlun Energy Co) Inventory Turnover : 68.68 (As of Dec. 2023)

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What is Kunlun Energy Co 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. Kunlun Energy Co's Cost of Goods Sold for the six months ended in Dec. 2023 was $11,097 Mil. Kunlun Energy Co's Average Total Inventories for the quarter that ended in Dec. 2023 was $162 Mil. Kunlun Energy Co's Inventory Turnover for the quarter that ended in Dec. 2023 was 68.68.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Kunlun Energy Co's Days Inventory for the six months ended in Dec. 2023 was 2.66.

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. Kunlun Energy Co's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.01.

Kunlun Energy Co Inventory Turnover Historical Data

The historical data trend for Kunlun Energy Co'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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Kunlun Energy Co Inventory Turnover Chart

Kunlun Energy Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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52.69

84.99

113.11

124.39

138.00

Kunlun Energy Co 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															48.27	66.25	76.46	67.81	68.68

Kunlun Energy Co Inventory Turnover Calculation

Kunlun Energy Co'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 )
=	21859.752	/ (	(155.055	+	161.76)	/	2 )
=	21859.752	/	158.4075
=	138.00

Kunlun Energy Co'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 )
=	11097.449	/ (	(161.421	+	161.76)	/	2 )
=	11097.449	/	161.5905
=	68.68

Kunlun Energy Co (OTCPK:KUNUF) 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.

Kunlun Energy Co'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
	=	161.5905	/	11097.449	*	365 / 2
	=	2.66

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.

Kunlun Energy Co'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 )
	=	161.5905	/	12644.184
	=	0.01

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.

Kunlun Energy Co Inventory Turnover Related Terms

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Kunlun Energy Co (Kunlun Energy Co) Business Description

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KLYCY:USA 00135:Hong Kong CTJ1:Germany

Address

118 Connaught Road West, 39th Floor, Hong Kong, HKG

Website

https://www.kunlun.com.hk

Kunlun Energy Co Ltd is an integrated oil and gas service company. The firm is engaged in multiple activities which include exploration and production operations at its oils fields located internationally, operating natural gas pipeline mainly providing support services to the oil and gas industry, and offers processing and storage facilities of liquified natural gas(LNG), and sale of sale of LNG and liquified petroleum gas across China. The Group is engaged in a broad range of oil and gas related activities and derives its revenue from its four operating segments: Natural Gas Sales, Sales of LPG, LNG Processing and Terminal and Exploration and Production.

Kunlun Energy Co (Kunlun Energy Co) Headlines

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