Inner Mongolia Yuan Xing Energy Co (SZSE:000683) Inventory Turnover : 2.72 (As of Mar. 2024)

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What is Inner Mongolia Yuan Xing Energy 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. Inner Mongolia Yuan Xing Energy Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥1,822 Mil. Inner Mongolia Yuan Xing Energy Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥670 Mil. Inner Mongolia Yuan Xing Energy Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 2.72.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Inner Mongolia Yuan Xing Energy Co's Days Inventory for the three months ended in Mar. 2024 was 33.57.

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. Inner Mongolia Yuan Xing Energy Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.20.

Inner Mongolia Yuan Xing Energy Co Inventory Turnover Historical Data

The historical data trend for Inner Mongolia Yuan Xing Energy 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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Inner Mongolia Yuan Xing Energy Co Inventory Turnover Chart

Inner Mongolia Yuan Xing Energy Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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10.70

13.10

13.56

8.96

10.82

Inner Mongolia Yuan Xing Energy 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															1.88	2.98	2.62	3.24	2.72

Inner Mongolia Yuan Xing Energy Co Inventory Turnover Calculation

Inner Mongolia Yuan Xing Energy 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 )
=	7094.432	/ (	(776.254	+	534.822)	/	2 )
=	7094.432	/	655.538
=	10.82

Inner Mongolia Yuan Xing Energy 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 )
=	1821.668	/ (	(534.822	+	805.623)	/	2 )
=	1821.668	/	670.2225
=	2.72

Inner Mongolia Yuan Xing Energy Co (SZSE:000683) 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.

Inner Mongolia Yuan Xing Energy 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
	=	670.2225	/	1821.668	*	365 / 4
	=	33.57

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.

Inner Mongolia Yuan Xing Energy 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 )
	=	670.2225	/	3280.473
	=	0.20

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.

Inner Mongolia Yuan Xing Energy Co Inventory Turnover Related Terms

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Inner Mongolia Yuan Xing Energy Co (SZSE:000683) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Inner Mongolia Yuan Xing Energy Co Ltd (SZSE:000683) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

Etok West Street, 12th Floor, Boyuan Building, Dongsheng District, Ordos, Inner Mongolia, CHN, 017000

Website

http://www.yuanxing.com

Inner Mongolia Yuan Xing Energy Co Ltd is engaged in natural gas, coal, and alkali chemical development activities in China. Its products include industrial methanol, coal, baking soda, soda ash, liquefied natural gas, fertilizers, dimethylformamide, and fruits and vegetable net.

Executives

Hao Zhan Biao	Executives
Ding Xi Mei	Director
Chen Yue Qing	Securities Affairs Representative
Liu Bao Long	Directors, executives
Sun Chao Hui	Director
Dai Ji Feng	Directors, executives
Song Wei Tu	Director
Liang Run Biao	Directors, executives
Zhao Guo Zhi	Executives
Fu Yong Li	Executives
Ji Yu Hu	Directors, executives
Wu Ai Guo	Directors, executives
Yang Hong Xing	Director
Liu Yi	Executives
Zhang Yin Rong	Director

Inner Mongolia Yuan Xing Energy Co (SZSE:000683) Headlines

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