Kelin Environmental Protection Equipment (SZSE:002499) Inventory Turnover : 6.70 (As of Sep. 2022)

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What is Kelin Environmental Protection Equipment 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. Kelin Environmental Protection Equipment's Cost of Goods Sold for the three months ended in Sep. 2022 was ¥3.0 Mil. Kelin Environmental Protection Equipment's Average Total Inventories for the quarter that ended in Sep. 2022 was ¥0.5 Mil. Kelin Environmental Protection Equipment's Inventory Turnover for the quarter that ended in Sep. 2022 was 6.70.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Kelin Environmental Protection Equipment's Days Inventory for the three months ended in Sep. 2022 was 13.63.

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. Kelin Environmental Protection Equipment's Inventory-to-Revenue for the quarter that ended in Sep. 2022 was 0.07.

Kelin Environmental Protection Equipment Inventory Turnover Historical Data

The historical data trend for Kelin Environmental Protection Equipment'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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Kelin Environmental Protection Equipment Inventory Turnover Chart

Kelin Environmental Protection Equipment Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Inventory Turnover

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8.71

3.15

6.60

Kelin Environmental Protection Equipment Quarterly Data
	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22
Inventory Turnover	Get a 7-Day Free Trial															-	-	30.36	6.65	6.70

Kelin Environmental Protection Equipment Inventory Turnover Calculation

Kelin Environmental Protection Equipment's Inventory Turnover for the fiscal year that ended in Dec. 2021 is calculated as

	Inventory Turnover (A: Dec. 2021 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2021 )	/ (	(Total Inventories (A: Dec. 2020 )	+	Total Inventories (A: Dec. 2021 ))	/	count )
=	128.622	/ (	(0	+	0)	/	1 )
=	128.622	/	0
=	N/A

Kelin Environmental Protection Equipment's Inventory Turnover for the quarter that ended in Sep. 2022 is calculated as

	Inventory Turnover (Q: Sep. 2022 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2022 )	/ (	(Total Inventories (Q: Jun. 2022 )	+	Total Inventories (Q: Sep. 2022 ))	/	count )
=	3.027	/ (	(0.452	+	0.452)	/	2 )
=	3.027	/	0.452
=	6.70

Kelin Environmental Protection Equipment (SZSE:002499) 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.

Kelin Environmental Protection Equipment's Days Inventory for the three months ended in Sep. 2022 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2022 )	/	Cost of Goods Sold (Q: Sep. 2022 )	*	Days in Period
	=	0.452	/	3.027	*	365 / 4
	=	13.63

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.

Kelin Environmental Protection Equipment's Inventory to Revenue for the quarter that ended in Sep. 2022 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2022 )	/	Revenue (Q: Sep. 2022 )
	=	0.452	/	6.692
	=	0.07

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.

Kelin Environmental Protection Equipment Inventory Turnover Related Terms

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Kelin Environmental Protection Equipment Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Kelin Environmental Protection Equipment Inc (SZSE:002499) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

Address: No. 8 Jiaotong Road, Bache District, Songling town, Wujiang city, Jiangsu Province, CHN, 215222

Website

http://www.kelin-china.com

Kelin Environmental Protection Equipment Inc manufactures and sells environmental protection equipment in China. It is a supplier of flue gas purification and treatment solution integrating environmental engineering system design, bag filter, desulfurization and denitrification product design, manufacture, and sales service in the field of air pollution control. The company's products include Bag Filter; Bag and Electrical filter; Cyclone and Furnace shell.

Executives

Wu Hong Guang	Director
Deng Bu Li	Director
Li Ceng Min	Directors, executives
Zhou Xing Xiang	Supervisors
Chen Guo Zhong	Directors, executives
Xu Tian Ping	Directors, executives
Zhang Gen Rong	Director
Song Qi Di	Director
Wu Jian Xin	Executives
Wu Shan Gan	Independent director
Zhou He Rong	Executives
Chen An Qi	Director
Shi Huan Zhang	Supervisors

Kelin Environmental Protection Equipment Headlines

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