Shanghai Datun Energy Resourses Co (SHSE:600508) Inventory Turnover : 4.22 (As of Mar. 2024)

View and export this data going back to 2001. Start your Free Trial

What is Shanghai Datun Energy Resourses 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. Shanghai Datun Energy Resourses Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥1,673 Mil. Shanghai Datun Energy Resourses Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥397 Mil. Shanghai Datun Energy Resourses Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 4.22.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Shanghai Datun Energy Resourses Co's Days Inventory for the three months ended in Mar. 2024 was 21.65.

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. Shanghai Datun Energy Resourses Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.17.

Shanghai Datun Energy Resourses Co Inventory Turnover Historical Data

The historical data trend for Shanghai Datun Energy Resourses 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.

Shanghai Datun Energy Resourses Co Inventory Turnover Chart

Shanghai Datun Energy Resourses Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

Get a 7-Day Free Trial

17.06

17.47

26.71

22.68

22.98

Shanghai Datun Energy Resourses Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial															3.74	3.50	4.25	7.43	4.22

Shanghai Datun Energy Resourses Co Inventory Turnover Calculation

Shanghai Datun Energy Resourses 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 )
=	8499.48	/ (	(450.156	+	289.682)	/	2 )
=	8499.48	/	369.919
=	22.98

Shanghai Datun Energy Resourses Co's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

	Inventory Turnover (Q: Mar. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2024 )	/ (	(Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )
=	1673.051	/ (	(289.682	+	504.054)	/	2 )
=	1673.051	/	396.868
=	4.22

Shanghai Datun Energy Resourses Co (SHSE:600508) 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.

Shanghai Datun Energy Resourses Co's Days Inventory for the three months ended in Mar. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2024 )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
	=	396.868	/	1673.051	*	365 / 4
	=	21.65

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.

Shanghai Datun Energy Resourses Co's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	396.868	/	2319.568
	=	0.17

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.

Shanghai Datun Energy Resourses Co Inventory Turnover Related Terms

Thank you for viewing the detailed overview of Shanghai Datun Energy Resourses Co's Inventory Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Shanghai Datun Energy Resourses Co (SHSE:600508) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Other Energy Sources » Shanghai Datun Energy Resourses Co Ltd (SHSE:600508) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

No. 256 Pudong South Road, Huaxia Bank Building, 12F, Pudong, Shanghai, Shanghai, CHN, 200120

Website

http://www.sdtny.com

Shanghai Datun Energy Resourses Co Ltd is mainly engaged in coal production and trade, washing and processing, coal mine construction, pit power generation, aluminum processing, railway transportation, machinery manufacturing, vocational and technical training and related engineering and technical services. Its products include coking coal, gas coal, gas fat coal, raw coal, washed coal, mixed coal, electrical power, and aluminum products.

Shanghai Datun Energy Resourses Co (SHSE:600508) Headlines

No Headlines