Zhongyu Energy Holdings (HKSE:03633) Inventory Turnover : 6.30 (As of Dec. 2023)

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What is Zhongyu Energy 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. Zhongyu Energy Holdings's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$5,942 Mil. Zhongyu Energy Holdings's Average Total Inventories for the quarter that ended in Dec. 2023 was HK$943 Mil. Zhongyu Energy Holdings's Inventory Turnover for the quarter that ended in Dec. 2023 was 6.30.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Zhongyu Energy Holdings's Days Inventory for the six months ended in Dec. 2023 was 28.95.

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. Zhongyu Energy Holdings's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.14.

Zhongyu Energy Holdings Inventory Turnover Historical Data

The historical data trend for Zhongyu Energy 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.

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Zhongyu Energy Holdings Inventory Turnover Chart

Zhongyu Energy Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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13.69

9.84

10.96

12.10

13.08

Zhongyu Energy Holdings 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															5.04	5.96	6.17	6.07	6.30

Zhongyu Energy Holdings Inventory Turnover Calculation

Zhongyu Energy 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 )
=	11731.721	/ (	(907.974	+	885.906)	/	2 )
=	11731.721	/	896.94
=	13.08

Zhongyu Energy 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 )
=	5941.93	/ (	(999.152	+	885.906)	/	2 )
=	5941.93	/	942.529
=	6.30

Zhongyu Energy Holdings (HKSE:03633) 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.

Zhongyu Energy 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
	=	942.529	/	5941.93	*	365 / 2
	=	28.95

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.

Zhongyu Energy 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 )
	=	942.529	/	6622.319
	=	0.14

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.

Zhongyu Energy Holdings Inventory Turnover Related Terms

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Zhongyu Energy Holdings (HKSE:03633) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Zhongyu Energy Holdings Ltd (HKSE:03633) » Definitions » Inventory Turnover

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Traded in Other Exchanges

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Address

27th Floor, Building B, Meilin Center Square, South Plaza, Futian District, Guangdong Province, Shenzhen, CHN

Website

https://www.zhongyuenergy.com

Zhongyu Energy Holdings Ltd is mainly engaged in the sales of piped gas. Its business segments include sales of gas; gas pipeline construction; value-added services (including sales of stoves and provision of other related services); operation of CNG/LNG vehicle filling stations; and smart energy. The majority of revenue is derived from the sale of gas segment.

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