The historical rank and industry rank for New Times Energy's Days Inventory or its related term are showing as below:
HKSE:00166'
s Days Inventory Range Over the Past 10 Years
Min: 1.2 Med: 23.42 Max: 93.36
Current: 1.64
During the past 13 years, New Times Energy's highest Days Inventory was 93.36. The lowest was 1.20. And the median was 23.42.
HKSE:00166's Days Inventory is ranked better than 99.09% of 662
companies
in the Metals & Mining industry
Industry Median: 88.535
vs HKSE:00166: 1.64
New Times Energy's Days Inventory
increased
from Dec. 2022 (1.89) to Dec. 2023 (2.29).
It might indicate that New Times Energy's sales slowed down.
Inventory Turnover measures how fast the company turns over its inventory within a year.
New Times Energy's Inventory Turnover for the
six
months ended in Dec. 2023 was 79.60.
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.
New Times Energy's Inventory-to-Revenue for the
six
months ended in Dec. 2023 was 0.01.
New Times Energy Days Inventory Historical Data
The historical data trend for New Times Energy'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.
Competitive Comparison of New Times Energy's Days Inventory
For the Other Industrial Metals & Mining subindustry, New Times Energy'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.
New Times Energy's Days Inventory Distribution in the Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, New Times Energy's Days Inventory distribution charts can be found below:
* The bar in red indicates where New Times Energy's Days Inventory falls into.
New Times Energy Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
New Times Energy's Days Inventory for the fiscal year that ended in Dec. 2023 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.
New Times Energy (HKSE:00166) 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.
New Times Energy's Inventory Turnover for the
six
months ended in Dec. 2023 is calculated as
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.
New Times Energy's Inventory to Revenue for the
six
months ended in Dec. 2023 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.
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.
New Times Energy Days Inventory Related Terms
Thank you for viewing the detailed overview of New Times Energy's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
New Times Energy (HKSE:00166) Business Description
New Times Energy Corp Ltd is an investment holding company. The company's operating segment includes Upstream, which is engaged in the exploration, development, production, and sale of crude oil; and the General and commodities trading segment includes trading of non-ferrous metals, gold, and petroleum-related products. The Company operates its business through two segments. The General and Commodities Refinery and Trading segment and The Upstream segment. It generates maximum revenue from the Commodities trading segment. The company's geographical segments are Hong Kong, Mainland China, Argentina, Singapore, and the United Arab Emirates, of which Hong Kong accounts for the majority of its revenue.
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