Yunnan Copper Co (SZSE:000878) Inventory Turnover : 2.11 (As of Mar. 2024)

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What is Yunnan 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. Yunnan Copper Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥30,233 Mil. Yunnan Copper Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥14,331 Mil. Yunnan Copper Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 2.11.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Yunnan Copper Co's Days Inventory for the three months ended in Mar. 2024 was 43.25.

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. Yunnan Copper Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.45.

Yunnan Copper Co Inventory Turnover Historical Data

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

Yunnan Copper Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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5.41

6.68

10.67

12.13

13.35

Yunnan 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															2.53	3.74	4.06	3.31	2.11

Yunnan Copper Co Inventory Turnover Calculation

Yunnan 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 )
=	140914.936	/ (	(10325.672	+	10790.108)	/	2 )
=	140914.936	/	10557.89
=	13.35

Yunnan 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 )
=	30233.481	/ (	(10790.108	+	17871.028)	/	2 )
=	30233.481	/	14330.568
=	2.11

Yunnan Copper Co (SZSE:000878) 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.

Yunnan 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
	=	14330.568	/	30233.481	*	365 / 4
	=	43.25

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.

Yunnan 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 )
	=	14330.568	/	31538.978
	=	0.45

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.

Yunnan Copper Co Inventory Turnover Related Terms

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Yunnan Copper Co (SZSE:000878) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Yunnan Copper Co Ltd (SZSE:000878) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

No. 111 People's East Road, Yunnan Province, Kunming, CHN, 650011

Website

http://www.yunnancopper.com

Yunnan Copper Co Ltd is in the business of copper exploration, mining, smelting, it relates to resource development zinc, titanium, molybdenum, phosphorus, gold, Silver, Platinum, Palladium and other rare and rare metals recycling and geological exploration, engineering consulting, chemical production, futures brokerage, logistics and transportation, international trade and many other industries.

Executives

Wang Chong	Directors, executives
Huang Yun Jing	Directors, executives
Luo Gang	Supervisors
Tian Yong Zhong	Director
Han Jin Gen	Secretary Dong
Chen Suo Kun	Independent director
Zhang Jin Feng	Supervisors
Zhang Zheng Bin	Supervisors
Shen Nan Shan	Directors, executives
Jin Yong Jing	Director
Luo Tai Xi	Executives
Zhu Qing Fen	Director
He Yun Hui	Directors, executives
Guan Hong	Supervisors

Yunnan Copper Co (SZSE:000878) Headlines

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