Shougang Fushan Resources Group (HKSE:00639) Change In Inventory : HK$-85 Mil (TTM As of Dec. 2023)

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What is Shougang Fushan Resources Group Change In Inventory?

Shougang Fushan Resources Group's change in inventory for the quarter that ended in Dec. 2023 was HK$-25 Mil. It means Shougang Fushan Resources Group's inventory increased by HK$25 Mil from Jun. 2023 to Dec. 2023 .

Shougang Fushan Resources Group's change in inventory for the fiscal year that ended in Dec. 2023 was HK$-85 Mil. It means Shougang Fushan Resources Group's inventory increased by HK$85 Mil from Dec. 2022 to Dec. 2023 .

Shougang Fushan Resources Group's Total Inventories for the quarter that ended in Dec. 2023 was HK$126 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Shougang Fushan Resources Group's Days Inventory for the quarter that ended in Dec. 2023 was 17.04.

Inventory Turnover measures how fast the company turns over its inventory within a year. Shougang Fushan Resources Group's Inventory Turnover for the quarter that ended in Dec. 2023 was 10.71.

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. Shougang Fushan Resources Group's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.05.

Shougang Fushan Resources Group Change In Inventory Historical Data

The historical data trend for Shougang Fushan Resources Group's Change In Inventory 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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Shougang Fushan Resources Group Change In Inventory Chart

Shougang Fushan Resources Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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3.09

-2.03

-8.07

90.94

-84.76

Shougang Fushan Resources Group Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Change In Inventory	Get a 7-Day Free Trial															15.09	20.73	70.21	-59.71	-25.05

Shougang Fushan Resources Group Change In Inventory Calculation

Change In Inventory is the difference between last period's ending inventory and the current period's ending inventory.

Change In Inventory for the trailing twelve months (TTM) ended in Dec. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was HK$-85 Mil.

Shougang Fushan Resources Group (HKSE:00639) Change In Inventory Explanation

1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Shougang Fushan Resources Group's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	113.5025	/	1215.386	*	365 / 2
	=	17.04

2. Inventory Turnover measures how fast the company turns over its inventory within a year.

Shougang Fushan Resources Group's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	1215.386	/	113.5025
	=	10.71

3. 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.

Shougang Fushan Resources Group's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	113.5025	/	2448.763
	=	0.05

Shougang Fushan Resources Group Change In Inventory Related Terms

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Shougang Fushan Resources Group (HKSE:00639) Business Description

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FSHYF:USA FU7:Germany

Address

56 Gloucester Road, 6th Floor, Bank of East Asia Harbour View Centre, Wanchai, Hong Kong, HKG

Website

http://www.shougang-resources.com.hk

Shougang Fushan Resources Group Ltd is engaged in coking coal mining, production and sales of coking coal products in the PRC. It derives revenue from the sale of clean coking coal and raw coking coal. The group has three operating coking coal mines and three coal preparation plants. The group has a business presence in the PRC and Hong Kong.

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