Grand Ocean Advanced Resources Co (HKSE:00065) Inventory Turnover : 6.47 (As of Dec. 2023)

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What is Grand Ocean Advanced Resources 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. Grand Ocean Advanced Resources Co's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$72.4 Mil. Grand Ocean Advanced Resources Co's Average Total Inventories for the quarter that ended in Dec. 2023 was HK$11.2 Mil. Grand Ocean Advanced Resources Co's Inventory Turnover for the quarter that ended in Dec. 2023 was 6.47.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Grand Ocean Advanced Resources Co's Days Inventory for the six months ended in Dec. 2023 was 28.21.

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. Grand Ocean Advanced Resources Co's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.11.

Grand Ocean Advanced Resources Co Inventory Turnover Historical Data

The historical data trend for Grand Ocean Advanced Resources 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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Grand Ocean Advanced Resources Co Inventory Turnover Chart

Grand Ocean Advanced Resources Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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17.68

15.70

16.81

10.57

13.54

Grand Ocean Advanced Resources Co Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															8.65	7.20	5.15	3.20	6.47

Grand Ocean Advanced Resources Co Inventory Turnover Calculation

Grand Ocean Advanced Resources 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 )
=	122.749	/ (	(13.597	+	4.535)	/	2 )
=	122.749	/	9.066
=	13.54

Grand Ocean Advanced Resources Co's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

	Inventory Turnover (Q: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2023 )	/ (	(Total Inventories (Q: Jun. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	72.422	/ (	(17.852	+	4.535)	/	2 )
=	72.422	/	11.1935
=	6.47

Grand Ocean Advanced Resources Co (HKSE:00065) 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.

Grand Ocean Advanced Resources Co's Days Inventory for the six months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	11.1935	/	72.422	*	365 / 2
	=	28.21

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.

Grand Ocean Advanced Resources Co's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	11.1935	/	106.217
	=	0.11

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.

Grand Ocean Advanced Resources Co Inventory Turnover Related Terms

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Grand Ocean Advanced Resources Co (HKSE:00065) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Other Energy Sources » Grand Ocean Advanced Resources Co Ltd (HKSE:00065) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

255-257 Gloucester Road, Suite 1602, Sino Plaza, Hong Kong, HKG

Website

https://www.grandocean65.com

Grand Ocean Advanced Resources Co Ltd is an investment holding company that is engaged in the coal mining business. The Group has one reportable operating segment which is the Coal Mining Business. Majority of its revenue is generated from PRC except Hong Kong.

Executives

Cao Min	2201 Interest of corporation controlled by you
Yuan Nian Guo Ji Kong Gu You Xian Gong Si	2201 Interest of corporation controlled by you
Sungold Developments Group Limited	2101 Beneficial owner
Ninetynine Technology Service Limited	2101 Beneficial owner
Liu Chang Deng	2101 Beneficial owner
Xiao Bingnan	2101 Beneficial owner
Blossom International Investment Holdings Limited	2201 Interest of corporation controlled by you
Blossom Investment Consultant Limited	2101 Beneficial owner
Yang Fang	2201 Interest of corporation controlled by you

Grand Ocean Advanced Resources Co (HKSE:00065) Headlines

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