North Copper Co (SZSE:000737) Inventory Turnover : 1.01 (As of Mar. 2024)

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What is North Copper 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. North Copper Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥5,044 Mil. North Copper Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥5,019 Mil. North Copper Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.01.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. North Copper Co's Days Inventory for the three months ended in Mar. 2024 was 90.79.

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. North Copper Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.91.

North Copper Co Inventory Turnover Historical Data

The historical data trend for North Copper 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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North Copper Co Inventory Turnover Chart

North Copper Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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4.51

6.15

3.39

4.30

2.47

North Copper 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															1.17	0.81	0.90	0.57	1.01

North Copper Co Inventory Turnover Calculation

North Copper 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 )
=	7972.488	/ (	(1677.413	+	4787.699)	/	2 )
=	7972.488	/	3232.556
=	2.47

North Copper 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 )
=	5044.214	/ (	(4787.699	+	5249.745)	/	2 )
=	5044.214	/	5018.722
=	1.01

North Copper Co (SZSE:000737) 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.

North Copper 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
	=	5018.722	/	5044.214	*	365 / 4
	=	90.79

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.

North Copper 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 )
	=	5018.722	/	5510.715
	=	0.91

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.

North Copper Co Inventory Turnover Related Terms

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North Copper Co (SZSE:000737) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » North Copper Co Ltd (SZSE:000737) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

No. 17600, Hedong East Street, Yanhu District, Shanxi Province, Yuncheng, CHN, 043700

Website

http://www.nafine.com

North Copper Co Ltd is engaged in the mining, beneficiation, smelting and sales of copper metal.

Executives

Wei Ying Hui	Director
Zan Yue Fa	Supervisors
Gao Jian Zhong	Director
Li Chen Guang	Director
Yang Yun Tao	Secretary Dong
Lv Ren Jie	Executives
Lv Yong	Executives
Cui Gang	Supervisors
Xue Yong Hong	Executives
Jiang Wei Dong	Directors, executives
Ding Hong	Directors, executives
Wen Lin	Supervisors
Cheng Zeng Qing	Directors, executives
Zhang Wen Cheng	Director
Tan Xiang Rong	Supervisors

North Copper Co (SZSE:000737) Headlines

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