Shan Xi Hua Yang Group New Energy Co (SHSE:600348) Inventory Turnover : 5.36 (As of Dec. 2023)

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What is Shan Xi Hua Yang Group New Energy 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. Shan Xi Hua Yang Group New Energy Co's Cost of Goods Sold for the three months ended in Dec. 2023 was ¥3,798 Mil. Shan Xi Hua Yang Group New Energy Co's Average Total Inventories for the quarter that ended in Dec. 2023 was ¥709 Mil. Shan Xi Hua Yang Group New Energy Co's Inventory Turnover for the quarter that ended in Dec. 2023 was 5.36.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Shan Xi Hua Yang Group New Energy Co's Days Inventory for the three months ended in Dec. 2023 was 17.02.

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. Shan Xi Hua Yang Group New Energy Co's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.10.

Shan Xi Hua Yang Group New Energy Co Inventory Turnover Historical Data

The historical data trend for Shan Xi Hua Yang Group New Energy 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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Shan Xi Hua Yang Group New Energy Co Inventory Turnover Chart

Shan Xi Hua Yang Group New Energy Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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44.76

39.21

36.72

27.97

22.83

Shan Xi Hua Yang Group New Energy 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															3.36	6.87	5.66	4.33	5.36

Shan Xi Hua Yang Group New Energy Co Inventory Turnover Calculation

Shan Xi Hua Yang Group New Energy 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 )
=	15713.227	/ (	(699.654	+	676.991)	/	2 )
=	15713.227	/	688.3225
=	22.83

Shan Xi Hua Yang Group New Energy 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 )
=	3798.383	/ (	(740.327	+	676.991)	/	2 )
=	3798.383	/	708.659
=	5.36

Shan Xi Hua Yang Group New Energy Co (SHSE:600348) 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.

Shan Xi Hua Yang Group New Energy 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
	=	708.659	/	3798.383	*	365 / 4
	=	17.02

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.

Shan Xi Hua Yang Group New Energy 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 )
	=	708.659	/	6867.021
	=	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.

Shan Xi Hua Yang Group New Energy Co Inventory Turnover Related Terms

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Shan Xi Hua Yang Group New Energy Co (SHSE:600348) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Other Energy Sources » Shan Xi Hua Yang Group New Energy Co Ltd (SHSE:600348) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

No. 2, Taobei West Street, Mining District, Shanxi Province, Yangquan, CHN, 045000

Website

https://www.ymjt.com.cn

Shan Xi Hua Yang Group New Energy Co Ltd, formerly Yang Quan Coal Industry (Group) Co Ltd is mainly engaged in coal mining, processing, and distribution as well as power generation and heat supply. The company has about 1.8 billion tons of recoverable coal reserves. In 2010, Yangquan produced 26.21 million tons of coal and distributed 45.38 million tons of coal.

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