China Everbright Environment Group (China Everbright Environment Group) Inventory Turnover : 8.63 (As of Jun. 2023)

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What is China Everbright Environment Group 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. China Everbright Environment Group's Cost of Goods Sold for the six months ended in Jun. 2023 was $1,162 Mil. China Everbright Environment Group's Average Total Inventories for the quarter that ended in Jun. 2023 was $135 Mil. China Everbright Environment Group's Inventory Turnover for the quarter that ended in Jun. 2023 was 8.63.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. China Everbright Environment Group's Days Inventory for the six months ended in Jun. 2023 was 21.15.

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. China Everbright Environment Group's Inventory-to-Revenue for the quarter that ended in Jun. 2023 was 0.06.

China Everbright Environment Group Inventory Turnover Historical Data

The historical data trend for China Everbright Environment Group'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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China Everbright Environment Group Inventory Turnover Chart

China Everbright Environment Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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35.25

30.71

28.77

20.22

19.12

China Everbright Environment Group 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															11.39	12.12	9.04	8.63	9.26

China Everbright Environment Group Inventory Turnover Calculation

China Everbright Environment Group's Inventory Turnover for the fiscal year that ended in Dec. 2022 is calculated as

	Inventory Turnover (A: Dec. 2022 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2022 )	/ (	(Total Inventories (A: Dec. 2021 )	+	Total Inventories (A: Dec. 2022 ))	/	count )
=	2948.677	/ (	(161.372	+	130.299)	/	2 )
=	2948.677	/	145.8355
=	20.22

China Everbright Environment Group's Inventory Turnover for the quarter that ended in Jun. 2023 is calculated as

	Inventory Turnover (Q: Jun. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jun. 2023 )	/ (	(Total Inventories (Q: Dec. 2022 )	+	Total Inventories (Q: Jun. 2023 ))	/	count )
=	1162.228	/ (	(130.299	+	139.123)	/	2 )
=	1162.228	/	134.711
=	8.63

China Everbright Environment Group (OTCPK:CHFFF) 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.

China Everbright Environment Group's Days Inventory for the six months ended in Jun. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2023 )	/	Cost of Goods Sold (Q: Jun. 2023 )	*	Days in Period
	=	134.711	/	1162.228	*	365 / 2
	=	21.15

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.

China Everbright Environment Group's Inventory to Revenue for the quarter that ended in Jun. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2023 )	/	Revenue (Q: Jun. 2023 )
	=	134.711	/	2080.578
	=	0.06

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.

China Everbright Environment Group Inventory Turnover Related Terms

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China Everbright Environment Group (China Everbright Environment Group) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » China Everbright Environment Group Ltd (OTCPK:CHFFF) » Definitions » Inventory Turnover

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Traded in Other Exchanges

CHFFY:USA 00257:Hong Kong CNE:Germany

Address

16 Harcourt Road, Room 2703, 27th Floor, Far East Finance Centre, Hong Kong, HKG

Website

https://www.cebenvironment.com

China Everbright Environment Group Ltd is engaged in construction, environmental energy project operation, Greentech project operation, environmental water project operation, the conduct of environmental protection technology research and development, provision of environmental-related technological services, design of environmental protection projects, provision of environmental protection project equipment construction and installation services and sales of related equipment, provision of waste sorting, renewable resources utilization, sanitation operation services, sales of energy-saving streetlights. Its segments are Environmental energy project construction and operation, Greentech project construction and operation, Environmental water project construction and operation, and Others.

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