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Canvest Environmental Protection Group Co (HKSE:01381) Inventory Turnover : 32.25 (As of Dec. 2023)


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What is Canvest Environmental Protection Group 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. Canvest Environmental Protection Group Co's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$1,053 Mil. Canvest Environmental Protection Group Co's Average Total Inventories for the quarter that ended in Dec. 2023 was HK$33 Mil. Canvest Environmental Protection Group Co's Inventory Turnover for the quarter that ended in Dec. 2023 was 32.25.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Canvest Environmental Protection Group Co's Days Inventory for the six months ended in Dec. 2023 was 5.66.

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. Canvest Environmental Protection Group Co's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.02.

Canvest Environmental Protection Group Co Inventory Turnover Historical Data

The historical data trend for Canvest Environmental Protection Group 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.

* Premium members only.

Canvest Environmental Protection Group Co Inventory Turnover Chart

Canvest Environmental Protection Group Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Inventory Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 435.30 313.38 248.68 216.21 93.28

Canvest Environmental Protection Group 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 138.23 112.70 96.60 57.53 32.25

Canvest Environmental Protection Group Co Inventory Turnover Calculation

Canvest Environmental Protection Group 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 )
=2900.661 / ((30.569 + 31.625) / 2 )
=2900.661 / 31.097
=93.28

Canvest Environmental Protection Group 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 )
=1052.843 / ((33.673 + 31.625) / 2 )
=1052.843 / 32.649
=32.25

* 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.

Canvest Environmental Protection Group Co  (HKSE:01381) 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.

Canvest Environmental Protection Group 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
=32.649/1052.843*365 / 2
=5.66

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.

Canvest Environmental Protection Group 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 )
=32.649 / 1999.139
=0.02

* 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.

Canvest Environmental Protection Group Co Inventory Turnover Related Terms

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Canvest Environmental Protection Group Co (HKSE:01381) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Canvest Environmental Protection Group Co Ltd (HKSE:01381) » Definitions » Inventory Turnover
Comparable Companies
HKSE:01196 HKSE:01330 HKSE:00895 HKSE:00587 HKSE:00257 HKSE:01272 HKSE:03718 HKSE:03989 HKSE:06805 HKSE:01483 WM RSG WCN XPAR:VIE GFL CLH XMAD:FCC CWST SHSE:603568 SZSE:002340
Traded in Other Exchanges
0XC:Germany
Address
2 San Yuan Road, Level 24, Canvest Tower, Nan Cheng District, Guangdong, Dongguan, CHN
Website
http://www.canvestenvironment.com
Canvest Environmental Protection Group Co Ltd develops and operates waste-to-energy plants. Incineration systems and technologies help treat waste and process components into energy. The company sells energy to clients, and continues to monitor applications and work toward reducing emissions of carbon dioxide. Revenues can be broken down into four business areas: Power sales, Waste treatment fees, Construction, and Finance income. It treats various types of waste, including sludge, ash from incineration systems, industrial sold waste, and wastewater. The majority of the company's revenue and assets are generated and located in China.
Executives
Best Approach Developments Limited 2106 Person having a security interest in shares
Century Rise Development Limited 2106 Person having a security interest in shares
Harvest Vista Company Limited 2106 Person having a security interest in shares
Hsbc International Trustee Limited 2106 Person having a security interest in shares
Shanghai Industrial Holdings Limited 2101 Beneficial owner
Shanghai Industrial Investment (holdings) Company Limited 2201 Interest of corporation controlled by you
Lai Kin Man 2106 Person having a security interest in shares
Lai Chun Tung 2106 Person having a security interest in shares
Lee Wing Yee Loretta 2106 Person having a security interest in shares

Canvest Environmental Protection Group Co (HKSE:01381) Headlines

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