China HK Power Smart Energy Group (FRA:RYZR) Inventory Turnover : 15.07 (As of Sep. 2023)

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What is China HK Power Smart Energy Group 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. China HK Power Smart Energy Group's Cost of Goods Sold for the six months ended in Sep. 2023 was €15.55 Mil. China HK Power Smart Energy Group's Average Total Inventories for the quarter that ended in Sep. 2023 was €1.03 Mil. China HK Power Smart Energy Group's Inventory Turnover for the quarter that ended in Sep. 2023 was 15.07.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. China HK Power Smart Energy Group's Days Inventory for the six months ended in Sep. 2023 was 12.11.

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. China HK Power Smart Energy Group's Inventory-to-Revenue for the quarter that ended in Sep. 2023 was 0.07.

China HK Power Smart Energy Group Inventory Turnover Historical Data

The historical data trend for China HK Power Smart Energy Group'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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China HK Power Smart Energy Group Inventory Turnover Chart

China HK Power Smart Energy Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Mar19

Mar20

Mar21

Mar22

Mar23

Inventory Turnover

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118.72

71.32

51.10

24.32

China HK Power Smart Energy Group Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Inventory Turnover	Get a 7-Day Free Trial															32.35	15.15	13.71	8.57	15.07

China HK Power Smart Energy Group Inventory Turnover Calculation

China HK Power Smart Energy Group's Inventory Turnover for the fiscal year that ended in Mar. 2023 is calculated as

	Inventory Turnover (A: Mar. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Mar. 2023 )	/ (	(Total Inventories (A: Mar. 2022 )	+	Total Inventories (A: Mar. 2023 ))	/	count )
=	27.126	/ (	(1.156	+	1.075)	/	2 )
=	27.126	/	1.1155
=	24.32

China HK Power Smart Energy Group's Inventory Turnover for the quarter that ended in Sep. 2023 is calculated as

	Inventory Turnover (Q: Sep. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2023 )	/ (	(Total Inventories (Q: Mar. 2023 )	+	Total Inventories (Q: Sep. 2023 ))	/	count )
=	15.55	/ (	(1.075	+	0.989)	/	2 )
=	15.55	/	1.032
=	15.07

China HK Power Smart Energy Group (FRA:RYZR) 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.

China HK Power Smart Energy Group's Days Inventory for the six months ended in Sep. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2023 )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
	=	1.032	/	15.55	*	365 / 2
	=	12.11

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.

China HK Power Smart Energy Group's Inventory to Revenue for the quarter that ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2023 )	/	Revenue (Q: Sep. 2023 )
	=	1.032	/	15.395
	=	0.07

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.

China HK Power Smart Energy Group Inventory Turnover Related Terms

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China HK Power Smart Energy Group (FRA:RYZR) Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » China HK Power Smart Energy Group Ltd (FRA:RYZR) » Definitions » Inventory Turnover

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00931:Hong Kong

Address

33 Garden Road, St. John's Building, 8th Floor, Central, Hong Kong, HKG

Website

https://www.chinalng.todayir.com/en/index.php

China HK Power Smart Energy Group Ltd Formerly China LNG Group Ltd is engaged in the development of new energy businesses, which include investment, construction & operation of liquefied natural gas infrastructure, and financial leasing services. Its segments include financial services through finance leasing services for LNG vehicles, vessels, and equipment, provision of LNG in the downstream market, provision of commercial vehicle platform services, trading of securities, properties investment, and financial services through the provision of money lending business & LNG business which is Sales & distribution of LNG including wholesale of LNG, point-to-point supply of LNG, LNG pipeline network and provision of LNG logistic services in the PRC. The majority of revenue is from LNG business.

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