Huili Resources (Group) (HKSE:01303) Inventory Turnover : 3.95 (As of Dec. 2023)

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What is Huili Resources (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. Huili Resources (Group)'s Cost of Goods Sold for the six months ended in Dec. 2023 was HK$1,531 Mil. Huili Resources (Group)'s Average Total Inventories for the quarter that ended in Dec. 2023 was HK$388 Mil. Huili Resources (Group)'s Inventory Turnover for the quarter that ended in Dec. 2023 was 3.95.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Huili Resources (Group)'s Days Inventory for the six months ended in Dec. 2023 was 46.24.

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. Huili Resources (Group)'s Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.23.

Huili Resources (Group) Inventory Turnover Historical Data

The historical data trend for Huili Resources (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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Huili Resources (Group) Inventory Turnover Chart

Huili Resources (Group) Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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29.30

351.54

11.41

Huili Resources (Group) 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															-	229.50	245.84	9.63	3.95

Huili Resources (Group) Inventory Turnover Calculation

Huili Resources (Group)'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 )
=	2887.073	/ (	(5.728	+	500.24)	/	2 )
=	2887.073	/	252.984
=	11.41

Huili Resources (Group)'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 )
=	1531.417	/ (	(275.847	+	500.24)	/	2 )
=	1531.417	/	388.0435
=	3.95

Huili Resources (Group) (HKSE:01303) 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.

Huili Resources (Group)'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
	=	388.0435	/	1531.417	*	365 / 2
	=	46.24

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.

Huili Resources (Group)'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 )
	=	388.0435	/	1658.575
	=	0.23

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.

Huili Resources (Group) Inventory Turnover Related Terms

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Huili Resources (Group) (HKSE:01303) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Other Energy Sources » Huili Resources (Group) Ltd (HKSE:01303) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

Unit no.4, 23rd Floor, Overseas Trust Bank Building, No. 160 Gloucester Road, Hong Kong, HKG

Website

http://www.huili.hk

Huili Resources (Group) Ltd is an investment holding company, engaged in the mining, ore processing and sales of gold, nickel, copper, lead and zinc products, trading of materials for oil and gas exploration and coals, and financial services in the People's Republic of China. It operates through three business segments namely Mining, Financial service, and Coal business. The company derives the majority of its revenue from the Coal business segment which involve trading in coal.

Executives

Sky Circle International Limited	2101 Beneficial owner
Prosper Union Holdings Limited	2101 Beneficial owner
Bong Chin Chung	2101 Beneficial owner
Feng Yuantao	2101 Beneficial owner
Lai Long Wai	2201 Interest of corporation controlled by you
China Clean Energy Technology Limited	2101 Beneficial owner
Ye Xin	2201 Interest of corporation controlled by you
Cui Yazhou	2201 Interest of corporation controlled by you
China Asset Management (hong Kong) Limited	2102 Investment manager
Zhong Guo Hua Rong Zi Chan Guan Li Gu Fen You Xian Gong Si
Hua Rong Hua Qiao Zi Chan Guan Li Gu Fen You Xian Gong Si
Pine Success International Holdings Limited	2101 Beneficial owner
Cao Jianwei	2201 Interest of corporation controlled by you
Gao Miao Miao	2201 Interest of corporation controlled by you
Legend Vantage Limited	2101 Beneficial owner

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