Xinjiang Xinxin Mining Industry Co (HKSE:03833) Inventory Turnover : 0.72 (As of Dec. 2023)

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What is Xinjiang Xinxin Mining Industry 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. Xinjiang Xinxin Mining Industry Co's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$1,074 Mil. Xinjiang Xinxin Mining Industry Co's Average Total Inventories for the quarter that ended in Dec. 2023 was HK$1,499 Mil. Xinjiang Xinxin Mining Industry Co's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.72.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Xinjiang Xinxin Mining Industry Co's Days Inventory for the six months ended in Dec. 2023 was 254.79.

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. Xinjiang Xinxin Mining Industry Co's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 1.07.

Xinjiang Xinxin Mining Industry Co Inventory Turnover Historical Data

The historical data trend for Xinjiang Xinxin Mining Industry 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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Xinjiang Xinxin Mining Industry Co Inventory Turnover Chart

Xinjiang Xinxin Mining Industry Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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0.97

1.05

1.08

1.14

1.05

Xinjiang Xinxin Mining Industry 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															0.53	0.70	0.55	0.29	0.72

Xinjiang Xinxin Mining Industry Co Inventory Turnover Calculation

Xinjiang Xinxin Mining Industry 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 )
=	1513.107	/ (	(1469.004	+	1405.045)	/	2 )
=	1513.107	/	1437.0245
=	1.05

Xinjiang Xinxin Mining Industry 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 )
=	1073.532	/ (	(1592.457	+	1405.045)	/	2 )
=	1073.532	/	1498.751
=	0.72

Xinjiang Xinxin Mining Industry Co (HKSE:03833) 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.

Xinjiang Xinxin Mining Industry 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
	=	1498.751	/	1073.532	*	365 / 2
	=	254.79

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.

Xinjiang Xinxin Mining Industry 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 )
	=	1498.751	/	1406.701
	=	1.07

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.

Xinjiang Xinxin Mining Industry Co Inventory Turnover Related Terms

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Xinjiang Xinxin Mining Industry Co (HKSE:03833) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Xinjiang Xinxin Mining Industry Co Ltd (HKSE:03833) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

33X1:Germany

Address

Fusion South Road, No. 501, Cooperation Zone, Economic and Technological, Urumqi, Xinjiang, CHN

Website

http://kunlun.wsfg.hk

Xinjiang Xinxin Mining Industry Co Ltd is a nickel cathode producer. In addition to producing nickel cathode using nickel sulfide resources, the company is engaged in mining, ore processing, smelting and refining operations and sales of nickel, copper and other non-ferrous metals. Its product portfolio includes nickel cathode and copper cathode. It also produces Cobalt products, gold, silver, platinum, and palladium. The majority of the group's revenue is derived from sales of nickel, copper and other non-ferrous metal products in China.

Executives

Zi Jin Kuang Ye Ji Tuan Gu Fen You Xian Gong Si	2201 Interest of corporation controlled by you
Zi Jin Kuang Ye Ji Tuan Sha Men Tou Zi You Xian Gong Si	2101 Beneficial owner

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