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China Conch Environment Protection Holdings (HKSE:00587) Inventory Turnover : 18.45 (As of Dec. 2023)


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What is China Conch Environment Protection Holdings 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 Conch Environment Protection Holdings's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$551 Mil. China Conch Environment Protection Holdings's Average Total Inventories for the quarter that ended in Dec. 2023 was HK$30 Mil. China Conch Environment Protection Holdings's Inventory Turnover for the quarter that ended in Dec. 2023 was 18.45.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. China Conch Environment Protection Holdings's Days Inventory for the six months ended in Dec. 2023 was 9.89.

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 Conch Environment Protection Holdings's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.03.

China Conch Environment Protection Holdings Inventory Turnover Historical Data

The historical data trend for China Conch Environment Protection Holdings'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.

* Premium members only.

China Conch Environment Protection Holdings Inventory Turnover Chart

China Conch Environment Protection Holdings Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Inventory Turnover
Get a 7-Day Free Trial 100.03 126.31 117.92 61.43 39.77

China Conch Environment Protection Holdings Semi-Annual Data
Dec18 Dec19 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Inventory Turnover Get a 7-Day Free Trial Premium Member Only 48.62 30.65 25.31 23.44 18.45

China Conch Environment Protection Holdings Inventory Turnover Calculation

China Conch Environment Protection Holdings'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 )
=1080.638 / ((19.924 + 34.416) / 2 )
=1080.638 / 27.17
=39.77

China Conch Environment Protection Holdings'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 )
=550.782 / ((25.286 + 34.416) / 2 )
=550.782 / 29.851
=18.45

* 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.

China Conch Environment Protection Holdings  (HKSE:00587) 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 Conch Environment Protection Holdings'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
=29.851/550.782*365 / 2
=9.89

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 Conch Environment Protection Holdings'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 )
=29.851 / 996.183
=0.03

* 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

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 Conch Environment Protection Holdings Inventory Turnover Related Terms

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China Conch Environment Protection Holdings (HKSE:00587) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » China Conch Environment Protection Holdings Ltd (HKSE:00587) » Definitions » Inventory Turnover
Comparable Companies
HKSE:01272 HKSE:03718 HKSE:03989 HKSE:00895 HKSE:01483 HKSE:06805 HKSE:02265 HKSE:01790 HKSE:00154 HKSE:01845 WM RSG WCN XPAR:VIE GFL CLH XMAD:FCC CWST SHSE:603568 SZSE:002340
Traded in Other Exchanges
N/A
Address
No. 1005, South Jiuhua Road, Yijiang District, Anhui Province, Wuhu Conch International Conference Center, Wuhu, CHN, 241070
Website
https://www.conchenviro.com
China Conch Environment Protection Holdings Ltd is an energy conservation and environmental protection enterprise focusing on providing eco-friendly and cost-efficient treatment of industrial solid and hazardous waste in China. It had secured around 100 environmental protection projects in various provinces, municipalities, and regions nationwide. The group has three segments: industrial hazardous waste treatment services, industrial solid waste treatment services and comprehensive resource utilization.
Executives
Wang Jingqian 2103 Interests held jointly with another person
An Hui Hai Luo Shui Ni Gu Fen You Xian Gong Si 2103 Interests held jointly with another person
Wu Hu Hai Chuang Shi Ye You Xian Ze Ren Gong Si 2201 Interest of corporation controlled by you
An Hui Hai Luo Ji Tuan You Xian Ze Ren Gong Si 2201 Interest of corporation controlled by you
Zhong Guo Hai Luo Chuang Ye Kong Gu You Xian Gong Si 2201 Interest of corporation controlled by you
Han Zhuhua 2103 Interests held jointly with another person
Zhou Xiaochuan 2103 Interests held jointly with another person
Yan Zi 2103 Interests held jointly with another person
Qi Shengli 2103 Interests held jointly with another person
Ma Wei 2103 Interests held jointly with another person
Liao Dan 2202 Interest of your spouse
Li Xiaobo 2103 Interests held jointly with another person
Li Qunfeng 2103 Interests held jointly with another person
Ji Xian 2103 Interests held jointly with another person
Guo Dan 2103 Interests held jointly with another person

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