Anhui Expressway Co (HKSE:00995) Inventory Turnover : 354.74 (As of Sep. 2024)

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What is Anhui Expressway 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. Anhui Expressway Co's Cost of Goods Sold for the three months ended in Sep. 2024 was HK$1,509 Mil. Anhui Expressway Co's Average Total Inventories for the quarter that ended in Sep. 2024 was HK$4 Mil. Anhui Expressway Co's Inventory Turnover for the quarter that ended in Sep. 2024 was 354.74.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Anhui Expressway Co's Days Inventory for the three months ended in Sep. 2024 was 0.26.

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. Anhui Expressway Co's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 0.00.

Anhui Expressway Co Inventory Turnover Historical Data

The historical data trend for Anhui Expressway 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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Anhui Expressway Co Inventory Turnover Chart

Anhui Expressway Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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235.03

245.46

257.33

556.41

865.54

Anhui Expressway Co Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Inventory Turnover	Get a 7-Day Free Trial															309.96	393.59	151.09	302.34	354.74

Anhui Expressway Co Inventory Turnover Calculation

Anhui Expressway 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 )
=	4384.388	/ (	(5.255	+	4.876)	/	2 )
=	4384.388	/	5.0655
=	865.54

Anhui Expressway Co's Inventory Turnover for the quarter that ended in Sep. 2024 is calculated as

	Inventory Turnover (Q: Sep. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2024 )	/ (	(Total Inventories (Q: Jun. 2024 )	+	Total Inventories (Q: Sep. 2024 ))	/	count )
=	1509.225	/ (	(4.215	+	4.294)	/	2 )
=	1509.225	/	4.2545
=	354.74

Anhui Expressway Co (HKSE:00995) 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.

Anhui Expressway Co's Days Inventory for the three months ended in Sep. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2024 )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
	=	4.2545	/	1509.225	*	365 / 4
	=	0.26

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.

Anhui Expressway Co's Inventory to Revenue for the quarter that ended in Sep. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2024 )	/	Revenue (Q: Sep. 2024 )
	=	4.2545	/	2191.605
	=	0.00

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.

Anhui Expressway Co Inventory Turnover Related Terms

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Anhui Expressway Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Anhui Expressway Co Ltd (HKSE:00995) » Definitions » Inventory Turnover

Traded in Other Exchanges

AUHEF:USA HU7:Germany 600012:China

Address

No. 520, West Wangjiang Road, Anhui, Hefei, CHN, 230088

Website

https://www.anhui-expressway.net

Anhui Expressway Co Ltd is engaged in the investment, construction, operation, and management of toll roads within Anhui province. The Company acquires operating expressway assets through various means such as investment and construction, acquisition, or cooperative operation. The Company provides toll service for vehicles, collects vehicles' tolls according to the charging standard, and maintains repairs, and carries out safety maintenance for the operating expressways. All of the company's external revenue is derived from customers based in Mainland China.

Executives

Zhao Shang Ju Gong Lu Wang Luo Ke Ji Kong Gu Gu Fen You Xian Gong Si

2201 Interest of corporation controlled by you

Anhui Expressway Co Headlines

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