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JiaXing Gas Group Co (HKSE:09908) Inventory Turnover : 15.05 (As of Dec. 2023)


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What is JiaXing Gas 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. JiaXing Gas Group Co's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$1,723 Mil. JiaXing Gas Group Co's Average Total Inventories for the quarter that ended in Dec. 2023 was HK$114 Mil. JiaXing Gas Group Co's Inventory Turnover for the quarter that ended in Dec. 2023 was 15.05.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. JiaXing Gas Group Co's Days Inventory for the six months ended in Dec. 2023 was 12.13.

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. JiaXing Gas Group Co's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.06.

JiaXing Gas Group Co Inventory Turnover Historical Data

The historical data trend for JiaXing Gas 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.

JiaXing Gas Group Co Inventory Turnover Chart

JiaXing Gas Group Co Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Inventory Turnover
Get a 7-Day Free Trial 139.78 131.43 51.13 53.75 71.68

JiaXing Gas Group Co Semi-Annual Data
Dec17 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 28.14 28.14 52.09 8.95 15.05

JiaXing Gas Group Co Inventory Turnover Calculation

JiaXing Gas 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 )
=2943.271 / ((62.974 + 19.148) / 2 )
=2943.271 / 41.061
=71.68

JiaXing Gas 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 )
=1722.616 / ((209.833 + 19.148) / 2 )
=1722.616 / 114.4905
=15.05

* 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.

JiaXing Gas Group Co  (HKSE:09908) 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.

JiaXing Gas 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
=114.4905/1722.616*365 / 2
=12.13

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.

JiaXing Gas 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 )
=114.4905 / 1901.401
=0.06

* 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.

JiaXing Gas Group Co Inventory Turnover Related Terms

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JiaXing Gas Group Co (HKSE:09908) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » JiaXing Gas Group Co Ltd (HKSE:09908) » Definitions » Inventory Turnover
Comparable Companies
HKSE:06661 HKSE:06828 HKSE:01940 HKSE:01265 HKSE:01407 HKSE:00681 HKSE:02886 HKSE:01600 XMAD:NTGY ASX:APA ATO MIL:SRG HKSE:00003 NI TSE:9531 BOM:532155 HKSE:02688 TSE:9532 BOM:542066 XKLS:6033
Traded in Other Exchanges
N/A
Address
5th Floor, Building 3, Hualong Plaza,No. 32 Qinyi Road, Economic and Technological Development Zone, Zhejiang Province, Jiaxing, CHN
Website
http://www.jxrqgs.com
JiaXing Gas Group Co Ltd is a piped natural gas (PNG) operator in Jiaxing. The company engages in sales of gas, PNG in Jiaxing, LNG and LPG; construction and installation services to construct and install end-user pipeline network and gas facilities; and provision of natural gas transportation services, sales of vapour and construction materials, and leasing of properties. Its customers include residential and non-residential users, property developers and owners or occupants of residential and non-residential properties.
Executives
Xinneng (hong Kong) Energy Investment Limited 2201 Interest of corporation controlled by you
Enn Natural Gas Co., Ltd. 2201 Interest of corporation controlled by you
Zhao Baoju 2201 Interest of corporation controlled by you
Wang Yusuo 2201 Interest of corporation controlled by you
Langfang City Natural Gas Company Limited 2201 Interest of corporation controlled by you
Enn Yingchuang Technology Co., Ltd. 2201 Interest of corporation controlled by you
Enn Investment Holdings Company Limited 2201 Interest of corporation controlled by you
Enn Group International Investment Limited 2201 Interest of corporation controlled by you
Enn Capital Management Co., Ltd. 2201 Interest of corporation controlled by you
Dan Hongying 2202 Interest of your spouse
Liu Zhenjiang 2201 Interest of corporation controlled by you
Xiang Gang Mei Shi Ju Guo Ji Mao Yi You Xian Gong Si 2101 Beneficial owner
Jia Xing Jin Yuan Tou Zi You Xian Gong Si 2201 Interest of corporation controlled by you
Xiang Gang Hong Sheng Mu Ye Mao Yi You Xian Gong Si 2101 Beneficial owner
Shen Xiaohong 2201 Interest of corporation controlled by you

JiaXing Gas Group Co (HKSE:09908) Headlines

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