CGN Mining Co (HKSE:01164) Inventory Turnover : 3.42 (As of Dec. 2023)

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What is CGN 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. CGN Mining Co's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$4,484 Mil. CGN Mining Co's Average Total Inventories for the quarter that ended in Dec. 2023 was HK$1,310 Mil. CGN Mining Co's Inventory Turnover for the quarter that ended in Dec. 2023 was 3.42.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. CGN Mining Co's Days Inventory for the six months ended in Dec. 2023 was 53.32.

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. CGN Mining Co's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.30.

CGN Mining Co Inventory Turnover Historical Data

The historical data trend for CGN 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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CGN Mining Co Inventory Turnover Chart

CGN Mining Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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1.80

1.66

2.15

1.85

5.27

CGN 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															1.30	1.54	0.81	1.38	3.42

CGN Mining Co Inventory Turnover Calculation

CGN 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 )
=	7231.197	/ (	(2048.471	+	697.245)	/	2 )
=	7231.197	/	1372.858
=	5.27

CGN 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 )
=	4484.039	/ (	(1923.127	+	697.245)	/	2 )
=	4484.039	/	1310.186
=	3.42

CGN Mining Co (HKSE:01164) 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.

CGN 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
	=	1310.186	/	4484.039	*	365 / 2
	=	53.32

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.

CGN 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 )
	=	1310.186	/	4429.308
	=	0.30

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.

CGN Mining Co Inventory Turnover Related Terms

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CGN Mining Co (HKSE:01164) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Other Energy Sources » CGN Mining Co Ltd (HKSE:01164) » Definitions » Inventory Turnover

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CGNMF:USA VBO:Germany

Address

No. 26 Harbour Road, Room 1903,19th Floor, China Resources Building, Wanchai, Hong Kong, HKG

Website

http://www.cgnmc.com

CGN Mining Co Ltd is an investment holding company. It is engaged in the development and trading of natural uranium resources for use by nuclear energy companies. The company organized into three main segments: Natural uranium trading, Property investment, and Other investment. It's Natural uranium trading segment engages in trading of natural uranium. The property investment segment engages in leasing and selling of office premises and other investments segment engages in investment in a joint venture. The company generates majority of its revenue from the trading of natural uranium.

Executives

China General Nuclear Power Corporation	2201 Interest of corporation controlled by you
Cgnpc Uranium Resources Co., Ltd
China Uranium Development Company Limited
Zhong Guo Cheng Tong Kong Gu Ji Tuan You Xian Gong Si	2201 Interest of corporation controlled by you
Zhong Guo Guo You Qi Ye Hun He Suo You Zhi Gai Ge Ji Jin You Xian Gong Si	2201 Interest of corporation controlled by you
Cheng Da Kong Gu You Xian Gong Si	2101 Beneficial owner

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