Poten Environment Group Co (SHSE:603603) Inventory Turnover : 4.83 (As of Sep. 2023)

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What is Poten Environment Group 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. Poten Environment Group Co's Cost of Goods Sold for the three months ended in Sep. 2023 was ¥92.4 Mil. Poten Environment Group Co's Average Total Inventories for the quarter that ended in Sep. 2023 was ¥19.1 Mil. Poten Environment Group Co's Inventory Turnover for the quarter that ended in Sep. 2023 was 4.83.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Poten Environment Group Co's Days Inventory for the three months ended in Sep. 2023 was 18.88.

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. Poten Environment Group Co's Inventory-to-Revenue for the quarter that ended in Sep. 2023 was 0.15.

Poten Environment Group Co Inventory Turnover Historical Data

The historical data trend for Poten Environment Group 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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Poten Environment Group Co Inventory Turnover Chart

Poten Environment Group Co Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Inventory Turnover

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5.48

6.87

6.35

9.25

33.32

Poten Environment Group Co 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															4.95	10.84	6.13	4.95	4.83

Poten Environment Group Co Inventory Turnover Calculation

Poten Environment Group Co'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 )
=	876.029	/ (	(31.676	+	20.901)	/	2 )
=	876.029	/	26.2885
=	33.32

Poten Environment Group Co'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 )
=	92.376	/ (	(18.253	+	19.975)	/	2 )
=	92.376	/	19.114
=	4.83

Poten Environment Group Co (SHSE:603603) 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.

Poten Environment Group Co'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
	=	19.114	/	92.376	*	365 / 4
	=	18.88

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.

Poten Environment Group Co'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 )
	=	19.114	/	128.739
	=	0.15

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.

Poten Environment Group Co Inventory Turnover Related Terms

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Poten Environment Group Co (SHSE:603603) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Poten Environment Group Co Ltd (SHSE:603603) » Definitions » Inventory Turnover

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Address

No. 60 Xizhimen North Street, Room 12A06-08, Shougang International Building, Haidian District, Beijing, CHN, 100082

Website

http://www.poten.cn

Poten Environment Group Co Ltd is a China based company engaged in providing integrated water systems and solutions for Urban water environment, Industrial water system, and Ecological restoration and soil remediation. The urban water environment service includes traditional water environment services like water supply, domestic sewage treatment and reclaimed water. The Industrial and energy water systems include coal chemical, petrochemical, fine chemical, thermoelectric, textile and paper, food and beverage, bio-pharmaceutical, electronic machinery and other industrial fields. The Ecological restoration and soil remediation solutions comprise groundwater pollution control, black and odorous water bodies and watershed management, and contaminated site remediation.

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