JX Energy (HKSE:03395) Inventory Turnover : 0.00 (As of Mar. 2024)

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What is JX Energy 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. JX Energy's Cost of Goods Sold for the three months ended in Mar. 2024 was HK$27.07 Mil. JX Energy's Average Total Inventories for the quarter that ended in Mar. 2024 was HK$0.00 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. JX Energy's Days Inventory for the three months ended in Mar. 2024 was 0.00.

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. JX Energy's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.00.

JX Energy Inventory Turnover Historical Data

The historical data trend for JX Energy'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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JX Energy Inventory Turnover Chart

JX Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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JX Energy Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial															-	-	-	-	-

JX Energy Inventory Turnover Calculation

JX Energy'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 )
=	118.573	/ (	(0	+	0)	/	1 )
=	118.573	/	0
=	N/A

JX Energy's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

	Inventory Turnover (Q: Mar. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2024 )	/ (	(Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )
=	27.065	/ (	(0	+	0)	/	1 )
=	27.065	/	0
=	N/A

JX Energy (HKSE:03395) 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.

JX Energy's Days Inventory for the three months ended in Mar. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2024 )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
	=	0	/	27.065	*	365 / 4
	=	0.00

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.

JX Energy's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	0	/	16.356
	=	0.00

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.

JX Energy Inventory Turnover Related Terms

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JX Energy (HKSE:03395) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » JX Energy Ltd (HKSE:03395) » Definitions » Inventory Turnover

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Traded in Other Exchanges

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Address

717-7th Avenue South West, Suite 900, Calgary, AB, CAN, T2P 0Z3

Website

https://www.jxenergy.ca

JX Energy Ltd formerly Persta Resources Inc is a Canada-based oil and gas exploration development company pursuing petroleum and natural gas production. It focuses on liquids-rich gas and light crude oil in Western Canada with two core areas comprising: Alberta Foothills which includes natural gas properties in the two areas of Basing and Voyager, and Peace River, which includes light crude oil properties in the key areas of Dawson.

Executives

Liu Yongtan
Zhang Lijun
Aspen Investment Holdings Ltd.
Jing Guang
Jing Yuan
Zhang Zhong
Zhang Chun Shi Ji Xing Che Yong Qi You Xian Gong Si
Ji Lin Sheng Hong Yuan Jing Mao Ji Tuan You Xian Gong Si
Zhang Chun Shi Li Yuan Tou Zi You Xian Gong Si
Da Lian Yong Li Shi You Hua Gong You Xian Gong Si
Jixing Gas Holdings Limited	2101 Beneficial owner

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