China Vanadium Titano-Magnetite Mining Co (HKSE:00893) Inventory Turnover : 28.39 (As of Dec. 2023)

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What is China Vanadium Titano-Magnetite Mining Co 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 Vanadium Titano-Magnetite Mining Co's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$528.3 Mil. China Vanadium Titano-Magnetite Mining Co's Average Total Inventories for the quarter that ended in Dec. 2023 was HK$18.6 Mil. China Vanadium Titano-Magnetite Mining Co's Inventory Turnover for the quarter that ended in Dec. 2023 was 28.39.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. China Vanadium Titano-Magnetite Mining Co's Days Inventory for the six months ended in Dec. 2023 was 6.43.

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 Vanadium Titano-Magnetite Mining Co's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.03.

China Vanadium Titano-Magnetite Mining Co Inventory Turnover Historical Data

The historical data trend for China Vanadium Titano-Magnetite Mining Co'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 Vanadium Titano-Magnetite Mining Co Inventory Turnover Chart

China Vanadium Titano-Magnetite Mining Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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17.82

26.42

78.74

52.53

45.91

China Vanadium Titano-Magnetite Mining Co Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															42.97	20.40	39.66	18.15	28.39

China Vanadium Titano-Magnetite Mining Co Inventory Turnover Calculation

China Vanadium Titano-Magnetite Mining Co'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 )
=	818.603	/ (	(15.216	+	20.448)	/	2 )
=	818.603	/	17.832
=	45.91

China Vanadium Titano-Magnetite Mining Co'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 )
=	528.299	/ (	(16.768	+	20.448)	/	2 )
=	528.299	/	18.608
=	28.39

China Vanadium Titano-Magnetite Mining Co (HKSE:00893) 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 Vanadium Titano-Magnetite Mining Co'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
	=	18.608	/	528.299	*	365 / 2
	=	6.43

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 Vanadium Titano-Magnetite Mining Co'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 )
	=	18.608	/	550.746
	=	0.03

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 Vanadium Titano-Magnetite Mining Co Inventory Turnover Related Terms

Thank you for viewing the detailed overview of China Vanadium Titano-Magnetite Mining Co's Inventory Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

China Vanadium Titano-Magnetite Mining Co (HKSE:00893) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » China Vanadium Titano-Magnetite Mining Co Ltd (HKSE:00893) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

CV8S:Germany

Address

1 Matheson Street, 31st Floor, Tower Two Times Square, Causeway Bay, Hong Kong, HKG

Website

https://www.chinavtmmining.com

China Vanadium Titano-Magnetite Mining Co Ltd is engaged in mining and ore processing; sale of self-produced products; trading of steels; management of strategic investments; and rendering of specialized mining services. Its segments include the High-Fe Mining operation segment comprises the operation of the sale of self-produced high-grade iron concentrates within the range of 65% TFe to 72% TFe and the provision of consultancy and management services; the Trading segment comprises the operation of the sale of traded products; and the Corporate and others segment covers the nonoperating activities supporting the group which includes the central functions such as the functional costs that have not been allocated to the other segments.

Executives

Erie Investments Limited	2101 Beneficial owner
Jiang Hua	2202 Interest of your spouse
Zou Hua	2201 Interest of corporation controlled by you
Kingston Grand Limited	2201 Interest of corporation controlled by you
Li Hesheng	2401 A concert party to an agreement to buy shares
Long Sino International Limited	2201 Interest of corporation controlled by you
Shi Yinjun	2401 A concert party to an agreement to buy shares
Trisonic International Limited	2101 Beneficial owner
Wang Jin	2201 Interest of corporation controlled by you
Wu Wendong	2401 A concert party to an agreement to buy shares
Yang Xianlu	2401 A concert party to an agreement to buy shares
Zhang Yuangui	2401 A concert party to an agreement to buy shares
Si Chuan Xin Tuo You Xian Gong Si	2106 Person having a security interest in shares

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