Liaoning Port Co (Liaoning Port Co) Inventory Turnover : 21.31 (As of Dec. 2023)

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What is Liaoning Port 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. Liaoning Port Co's Cost of Goods Sold for the three months ended in Dec. 2023 was $385 Mil. Liaoning Port Co's Average Total Inventories for the quarter that ended in Dec. 2023 was $18 Mil. Liaoning Port Co's Inventory Turnover for the quarter that ended in Dec. 2023 was 21.31.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Liaoning Port Co's Days Inventory for the three months ended in Dec. 2023 was 4.28.

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. Liaoning Port Co's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.04.

Liaoning Port Co Inventory Turnover Historical Data

The historical data trend for Liaoning Port 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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Liaoning Port Co Inventory Turnover Chart

Liaoning Port Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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36.17

77.10

78.35

69.11

64.88

Liaoning Port Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															20.40	15.45	15.88	16.27	21.31

Liaoning Port Co Inventory Turnover Calculation

Liaoning Port 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 )
=	1236.63	/ (	(19.449	+	18.67)	/	2 )
=	1236.63	/	19.0595
=	64.88

Liaoning Port 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: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	385.236	/ (	(17.483	+	18.67)	/	2 )
=	385.236	/	18.0765
=	21.31

Liaoning Port Co (OTCPK:DLPTF) 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.

Liaoning Port Co's Days Inventory for the three 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
	=	18.0765	/	385.236	*	365 / 4
	=	4.28

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.

Liaoning Port 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 )
	=	18.0765	/	501.201
	=	0.04

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.

Liaoning Port Co Inventory Turnover Related Terms

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Liaoning Port Co (Liaoning Port Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Liaoning Port Co Ltd (OTCPK:DLPTF) » Definitions » Inventory Turnover

Traded in Other Exchanges

02880:Hong Kong D7P:Germany 601880:China

Address

Xingang Commercial Building, Dalian Free Trade Zone, Dayao Bay, Liaoning Province, Dalian, CHN, 116600

Website

http://www.liaoganggf.cn

Liaoning Port Co Ltd is a China-based company providing port and logistics services. It operates in seven segments: Oil/liquefied chemicals terminal and related logistics services; Container terminal and related logistics services; Bulk and general cargo terminal and related logistics services; Bulk grain terminal and related logistics services; Passenger and roll-on, roll-off terminal and related logistics services; Port value-added and ancillary services; and Automobile terminal and related logistics services.

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