Sichuan Guangan AAA PCL (SHSE:600979) Inventory Turnover : 3.46 (As of Sep. 2023)

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What is Sichuan Guangan AAA PCL 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. Sichuan Guangan AAA PCL's Cost of Goods Sold for the three months ended in Sep. 2023 was ¥482 Mil. Sichuan Guangan AAA PCL's Average Total Inventories for the quarter that ended in Sep. 2023 was ¥139 Mil. Sichuan Guangan AAA PCL's Inventory Turnover for the quarter that ended in Sep. 2023 was 3.46.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Sichuan Guangan AAA PCL's Days Inventory for the three months ended in Sep. 2023 was 26.35.

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. Sichuan Guangan AAA PCL's Inventory-to-Revenue for the quarter that ended in Sep. 2023 was 0.20.

Sichuan Guangan AAA PCL Inventory Turnover Historical Data

The historical data trend for Sichuan Guangan AAA PCL'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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Sichuan Guangan AAA PCL Inventory Turnover Chart

Sichuan Guangan AAA PCL Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Inventory Turnover

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10.37

8.88

11.01

13.12

18.15

Sichuan Guangan AAA PCL Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Inventory Turnover	Get a 7-Day Free Trial															2.29	3.88	5.08	3.67	3.46

Sichuan Guangan AAA PCL Inventory Turnover Calculation

Sichuan Guangan AAA PCL'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 )
=	1874.098	/ (	(130.393	+	76.086)	/	2 )
=	1874.098	/	103.2395
=	18.15

Sichuan Guangan AAA PCL's Inventory Turnover for the quarter that ended in Sep. 2023 is calculated as

	Inventory Turnover (Q: Sep. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2023 )	/ (	(Total Inventories (Q: Jun. 2023 )	+	Total Inventories (Q: Sep. 2023 ))	/	count )
=	482.326	/ (	(125.097	+	153.498)	/	2 )
=	482.326	/	139.2975
=	3.46

Sichuan Guangan AAA PCL (SHSE:600979) 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.

Sichuan Guangan AAA PCL's Days Inventory for the three months ended in Sep. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2023 )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
	=	139.2975	/	482.326	*	365 / 4
	=	26.35

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.

Sichuan Guangan AAA PCL's Inventory to Revenue for the quarter that ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2023 )	/	Revenue (Q: Sep. 2023 )
	=	139.2975	/	701.13
	=	0.20

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.

Sichuan Guangan AAA PCL Inventory Turnover Related Terms

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Sichuan Guangan AAA PCL (SHSE:600979) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Sichuan Guangan AAA PCL (SHSE:600979) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 86, Qujiang North Road, Guang'an District, Guang'an, Sichuan, CHN, 638000

Website

http://www.sc-aaa.com

Sichuan Guangan AAA PCL is a China-based company engaged in the generation and distribution of electricity, natural gas and running water. Network access installation services are also offered by the Company.

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