GEPIC Energy Development Co (SZSE:000791) Inventory Turnover : 50.41 (As of Mar. 2024)

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What is GEPIC Energy Development 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. GEPIC Energy Development Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥360 Mil. GEPIC Energy Development Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥7 Mil. GEPIC Energy Development Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 50.41.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. GEPIC Energy Development Co's Days Inventory for the three months ended in Mar. 2024 was 1.81.

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. GEPIC Energy Development Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.01.

GEPIC Energy Development Co Inventory Turnover Historical Data

The historical data trend for GEPIC Energy Development 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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GEPIC Energy Development Co Inventory Turnover Chart

GEPIC Energy Development Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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178.30

192.00

165.80

120.03

165.99

GEPIC Energy Development 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															28.53	34.81	41.22	70.90	50.41

GEPIC Energy Development Co Inventory Turnover Calculation

GEPIC Energy Development 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 )
=	1585.277	/ (	(11.728	+	7.373)	/	2 )
=	1585.277	/	9.5505
=	165.99

GEPIC Energy Development 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 )
=	359.618	/ (	(7.373	+	6.895)	/	2 )
=	359.618	/	7.134
=	50.41

GEPIC Energy Development Co (SZSE:000791) 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.

GEPIC Energy Development 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
	=	7.134	/	359.618	*	365 / 4
	=	1.81

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.

GEPIC Energy Development 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 )
	=	7.134	/	504.526
	=	0.01

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.

GEPIC Energy Development Co Inventory Turnover Related Terms

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GEPIC Energy Development Co (SZSE:000791) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » GEPIC Energy Development Co Ltd (SZSE:000791) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

Road No. 69 Building Investment Group, 24th Floor, Gansu North Riverside, Gansu Province, Lanzhou, CHN

Website

http://www.gepiced.com

GEPIC Energy Development Co Ltd manufactures and distributes paints, pigments and pipes. It also involved in property development and management, as well as commercial trading and logistics businesses.

Executives

Li Ning Ping	Director
Li Hui	Director
Zhang Jian Hong	Executives
Hu Zhong Qun	Executives
Li Qing Biao	Supervisors
Kou Shi Min	Secretary Dong
Fu Li Rong	Director
Luo Zhi He	Directors, executives
Fu Shu Li	Director
Zhang Jing Bao	Director

GEPIC Energy Development Co (SZSE:000791) Headlines

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