Aluminum of China (BUE:AOCA) Inventory Turnover : 2.28 (As of Mar. 2024)

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What is Aluminum of China 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. Aluminum of China's Cost of Goods Sold for the three months ended in Mar. 2024 was ARS4,848,572 Mil. Aluminum of China's Average Total Inventories for the quarter that ended in Mar. 2024 was ARS2,127,950 Mil. Aluminum of China's Inventory Turnover for the quarter that ended in Mar. 2024 was 2.28.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Aluminum of China's Days Inventory for the three months ended in Mar. 2024 was 40.05.

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. Aluminum of China's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.37.

Aluminum of China Inventory Turnover Historical Data

The historical data trend for Aluminum of China'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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Aluminum of China Inventory Turnover Chart

Aluminum of China Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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10.80

10.34

14.09

13.22

11.33

Aluminum of China 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															2.48	2.53	2.23	1.27	2.28

Aluminum of China Inventory Turnover Calculation

Aluminum of China'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 )
=	9911536.36	/ (	(594262.61	+	1155123.909)	/	2 )
=	9911536.36	/	874693.2595
=	11.33

Aluminum of China'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 )
=	4848571.648	/ (	(1155123.909	+	3100776.238)	/	2 )
=	4848571.648	/	2127950.0735
=	2.28

Aluminum of China (BUE:AOCA) 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.

Aluminum of China'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
	=	2127950.0735	/	4848571.648	*	365 / 4
	=	40.05

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.

Aluminum of China'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 )
	=	2127950.0735	/	5727301.078
	=	0.37

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.

Aluminum of China Inventory Turnover Related Terms

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Aluminum of China (BUE:AOCA) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Aluminum Corp of China Ltd (BUE:AOCA) » Definitions » Inventory Turnover

Traded in Other Exchanges

ALMMF:USA 02600:Hong Kong AOC:Germany 601600:China

Address

No. 62 North Xizhimen Street, Haidian District, Beijing, CHN, 100082

Website

https://www.chalco.com.cn

Aluminum Corp of China Ltd is an aluminum producer. The Alumina segment consists of the mining and purchase of bauxite and other raw materials. The Primary aluminum segment consists of the procurement of alumina, supplemental materials, and electric power. Its Energy segment comprises the production and operation of energy products mainly coal mining. The Trading segment includes the trading of alumina primary aluminum, aluminum fabrication products, other non-ferrous metal products and Corporate and other operating segments. Geographically, it operates in Mainland China, as well as other countries. It generates a major part of its revenue from the Trading segment.

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