Antelope Enterprise Holdings (Antelope Enterprise Holdings) Inventory Turnover : 3.19 (As of Dec. 2022)

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What is Antelope Enterprise Holdings 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. Antelope Enterprise Holdings's Cost of Goods Sold for the six months ended in Dec. 2022 was $17.65 Mil. Antelope Enterprise Holdings's Average Total Inventories for the quarter that ended in Dec. 2022 was $5.53 Mil. Antelope Enterprise Holdings's Inventory Turnover for the quarter that ended in Dec. 2022 was 3.19.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Antelope Enterprise Holdings's Days Inventory for the six months ended in Dec. 2022 was 57.19.

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. Antelope Enterprise Holdings's Inventory-to-Revenue for the quarter that ended in Dec. 2022 was 0.25.

Antelope Enterprise Holdings Inventory Turnover Historical Data

The historical data trend for Antelope Enterprise Holdings'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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Antelope Enterprise Holdings Inventory Turnover Chart

Antelope Enterprise Holdings Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Inventory Turnover

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3.05

1.67

1.59

7.47

Antelope Enterprise Holdings Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Inventory Turnover	Get a 7-Day Free Trial															1.44	0.30	3.85	3.19	-

Antelope Enterprise Holdings Inventory Turnover Calculation

Antelope Enterprise Holdings's Inventory Turnover for the fiscal year that ended in Dec. 2022 is calculated as

	Inventory Turnover (A: Dec. 2022 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2022 )	/ (	(Total Inventories (A: Dec. 2021 )	+	Total Inventories (A: Dec. 2022 ))	/	count )
=	37.069	/ (	(4.96	+	0)	/	1 )
=	37.069	/	4.96
=	7.47

Antelope Enterprise Holdings's Inventory Turnover for the quarter that ended in Dec. 2022 is calculated as

	Inventory Turnover (Q: Dec. 2022 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2022 )	/ (	(Total Inventories (Q: Jun. 2022 )	+	Total Inventories (Q: Dec. 2022 ))	/	count )
=	17.652	/ (	(5.532	+	0)	/	1 )
=	17.652	/	5.532
=	3.19

Antelope Enterprise Holdings (NAS:AEHL) 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.

Antelope Enterprise Holdings's Days Inventory for the six months ended in Dec. 2022 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2022 )	/	Cost of Goods Sold (Q: Dec. 2022 )	*	Days in Period
	=	5.532	/	17.652	*	365 / 2
	=	57.19

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.

Antelope Enterprise Holdings's Inventory to Revenue for the quarter that ended in Dec. 2022 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2022 )	/	Revenue (Q: Dec. 2022 )
	=	5.532	/	21.714
	=	0.25

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.

Antelope Enterprise Holdings Inventory Turnover Related Terms

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Antelope Enterprise Holdings (Antelope Enterprise Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Antelope Enterprise Holdings Ltd (NAS:AEHL) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Zhonghai International Center, Room 1802, Block D, Hi-Tech Zone, Sichuan Province, Chengdu, CHN

Website

http://www.aehl-kylin.com

Antelope Enterprise Holdings Ltd is a manufacturer of ceramic tiles in China. Its ceramic tiles are used for exterior siding, interior flooring, and design in residential and commercial buildings. The company's products are Porcelain, Glazed, Glazed porcelain, Rustic, and Ultra-thin tiles which are sold under the Hengda or HD brand, the Hengdeli or HDL brand, TOERTO, WULIQIAO, and Pottery Capital of Tang Dynasty brands. It also provides business management consulting, information system technology consulting services including the sales of software use rights for digital data deposit platforms and asset management systems, and online social media platform development and consulting.

Executives

Nisswa Acquisition Master Fund Ltd.	other: no longer 10% owner	C/O MAPLES CORPORATE SVCS LIMITED, PO BOX 309, UGLAND HOUSE, GRAND CAYMAN E9 KY1-1104
Pine River Capital Management L.p.	other: no longer 10% owner	601 CARLSON PARKWAY, 7TH FLOOR, MINNETONKA MN 55305
Brian Taylor	other: no longer 10% owner	C/O PINE RIVER CAPITAL MANAGEMENT, 601 CARLSON PARKWAY, 7TH FLOOR, MINNETONKA MN 55305