E-Commodities Holdings (HKSE:01733) Inventory Turnover

: 8.87 (As of Dec. 2023)

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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. E-Commodities Holdings's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$19,701 Mil. E-Commodities Holdings's Average Total Inventories for the quarter that ended in Dec. 2023 was HK$2,222 Mil. E-Commodities Holdings's Inventory Turnover for the quarter that ended in Dec. 2023 was 8.87.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. E-Commodities Holdings's Days Inventory for the six months ended in Dec. 2023 was 20.58.

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. E-Commodities Holdings's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.10.

E-Commodities Holdings Inventory Turnover Historical Data

The historical data trend for E-Commodities Holdings'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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E-Commodities Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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23.14

19.84

22.93

15.04

14.26

E-Commodities Holdings 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															13.49	6.53	7.87	12.42	8.87

E-Commodities Holdings Inventory Turnover Calculation

E-Commodities Holdings'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 )
=	36887.007	/ (	(1749.316	+	3424.955)	/	2 )
=	36887.007	/	2587.1355
=	14.26

E-Commodities Holdings'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: Jun. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	19701.284	/ (	(1019.193	+	3424.955)	/	2 )
=	19701.284	/	2222.074
=	8.87

E-Commodities Holdings (HKSE:01733) 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.

E-Commodities Holdings's Days Inventory for the six 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
	=	2222.074	/	19701.284	*	365 / 2
	=	20.58

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.

E-Commodities Holdings'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 )
	=	2222.074	/	22074.194
	=	0.10

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.

E-Commodities Holdings Inventory Turnover Related Terms

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E-Commodities Holdings (HKSE:01733) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Other Energy Sources » E-Commodities Holdings Ltd (HKSE:01733) » Definitions » Inventory Turnover

Traded in Other Exchanges

WWY1:Germany

Address

Room 706, Tower B, Tianrun Fortune Center, No. 58, Dongzongbu Hutong, Dongcheng District, Beijing, CHN, 100005

Website

http://www.e-comm.com

E-Commodities Holdings Ltd is a company principally engaged in the processing and trading of coking coal and other products and rendering of logistics services. The group has two business divisions. The processing and trading of coking coal and other products segment manages and operates coal processing plants and generates income from processing and trading of coking coal and other products to external customers. Rendering of integrated supply chain services segment constructs, manages and operates processing factories and logistics parks and generates income from rendering of warehousing. Majority of the firm's revenue comes from the processing and trading of coking coal and other products segment.

E-Commodities Holdings (HKSE:01733) Headlines

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