China Agri-Products Exchange (HKSE:00149) Inventory Turnover : 0.13 (As of Sep. 2023)

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What is China Agri-Products Exchange 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 Agri-Products Exchange's Cost of Goods Sold for the six months ended in Sep. 2023 was HK$162.3 Mil. China Agri-Products Exchange's Average Total Inventories for the quarter that ended in Sep. 2023 was HK$1,266.8 Mil. China Agri-Products Exchange's Inventory Turnover for the quarter that ended in Sep. 2023 was 0.13.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. China Agri-Products Exchange's Days Inventory for the six months ended in Sep. 2023 was 1,424.23.

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 Agri-Products Exchange's Inventory-to-Revenue for the quarter that ended in Sep. 2023 was 3.90.

China Agri-Products Exchange Inventory Turnover Historical Data

The historical data trend for China Agri-Products Exchange'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 Agri-Products Exchange Inventory Turnover Chart

China Agri-Products Exchange Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Mar21

Mar22

Mar23

Inventory Turnover

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0.49

0.31

0.18

0.26

0.19

China Agri-Products Exchange Semi-Annual Data
	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Inventory Turnover	Get a 7-Day Free Trial															0.11	0.14	0.10	0.09	0.13

China Agri-Products Exchange Inventory Turnover Calculation

China Agri-Products Exchange'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 )
=	265.635	/ (	(1534.063	+	1323.709)	/	2 )
=	265.635	/	1428.886
=	0.19

China Agri-Products Exchange'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 )
=	162.323	/ (	(1323.709	+	1209.821)	/	2 )
=	162.323	/	1266.765
=	0.13

China Agri-Products Exchange (HKSE:00149) 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 Agri-Products Exchange'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
	=	1266.765	/	162.323	*	365 / 2
	=	1,424.23

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 Agri-Products Exchange'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 )
	=	1266.765	/	324.693
	=	3.90

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 Agri-Products Exchange Inventory Turnover Related Terms

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China Agri-Products Exchange (HKSE:00149) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » China Agri-Products Exchange Ltd (HKSE:00149) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

39 Wang Kwong Road, Suite 3202, 32nd Floor, Skyline Tower, Kowloon Bay, Kowloon, Hong Kong, HKG

Website

http://www.cnagri-products.com

China Agri-Products Exchange Ltd is an investment holding company. The company operates through two segments namely Agricultural produce exchange market operation; and Property sales. The majority of its revenue is derived from the Agricultural produce exchange market operation segment. Geographically, it derives revenue from China.

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