Beijing Haohua Energy Resource Co (SHSE:601101) Inventory Turnover : 12.36 (As of Mar. 2024)

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What is Beijing Haohua Energy Resource 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. Beijing Haohua Energy Resource Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥1,184 Mil. Beijing Haohua Energy Resource Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥96 Mil. Beijing Haohua Energy Resource Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 12.36.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Beijing Haohua Energy Resource Co's Days Inventory for the three months ended in Mar. 2024 was 7.38.

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. Beijing Haohua Energy Resource Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.04.

Beijing Haohua Energy Resource Co Inventory Turnover Historical Data

The historical data trend for Beijing Haohua Energy Resource 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.

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Beijing Haohua Energy Resource Co Inventory Turnover Chart

Beijing Haohua Energy Resource Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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7.72

10.75

20.55

43.33

40.85

Beijing Haohua Energy Resource 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															9.61	9.44	7.43	8.01	12.36

Beijing Haohua Energy Resource Co Inventory Turnover Calculation

Beijing Haohua Energy Resource 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 )
=	3994.812	/ (	(85.76	+	109.845)	/	2 )
=	3994.812	/	97.8025
=	40.85

Beijing Haohua Energy Resource 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 )
=	1183.836	/ (	(109.845	+	81.701)	/	2 )
=	1183.836	/	95.773
=	12.36

Beijing Haohua Energy Resource Co (SHSE:601101) 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.

Beijing Haohua Energy Resource 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
	=	95.773	/	1183.836	*	365 / 4
	=	7.38

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.

Beijing Haohua Energy Resource 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 )
	=	95.773	/	2412.702
	=	0.04

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.

Beijing Haohua Energy Resource Co Inventory Turnover Related Terms

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Beijing Haohua Energy Resource Co (SHSE:601101) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Other Energy Sources » Beijing Haohua Energy Resource Co Ltd (SHSE:601101) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

Beijing New Bridge Street on the 2nd Mentougou, Beijing, CHN, 102300

Website

http://www.bjhhny.com

Beijing Haohua Energy Resource Co Ltd is engaged in coal mining, washing and processing, export, and sales. The products of the company include anthracite coal, ultra-low sulphur, ultra-low phosphorus, low nitrogen, medium and low ash, high calorific value, and high stability.

Executives

Hao Hong Xia

Director

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