Southgobi Resources (HKSE:01878) Change In Inventory : HK$-135 Mil (TTM As of Sep. 2024)

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What is Southgobi Resources Change In Inventory?

Southgobi Resources's change in inventory for the quarter that ended in Sep. 2024 was HK$12 Mil. It means Southgobi Resources's inventory declined by HK$12 Mil from Jun. 2024 to Sep. 2024 .

Southgobi Resources's change in inventory for the fiscal year that ended in Dec. 2023 was HK$-39 Mil. It means Southgobi Resources's inventory increased by HK$39 Mil from Dec. 2022 to Dec. 2023 .

Southgobi Resources's Total Inventories for the quarter that ended in Sep. 2024 was HK$568 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Southgobi Resources's Days Inventory for the quarter that ended in Sep. 2024 was 60.49.

Inventory Turnover measures how fast the company turns over its inventory within a year. Southgobi Resources's Inventory Turnover for the quarter that ended in Sep. 2024 was 1.51.

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. Southgobi Resources's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 0.51.

Southgobi Resources Change In Inventory Historical Data

The historical data trend for Southgobi Resources'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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Southgobi Resources Change In Inventory Chart

Southgobi Resources Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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-79.69

127.22

-86.86

117.21

-39.24

Southgobi Resources Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Change In Inventory	Get a 7-Day Free Trial															28.39	22.09	-31.29	-138.48	12.40

Southgobi Resources 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 Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was HK$-135 Mil.

Southgobi Resources (HKSE:01878) Change In Inventory Explanation

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

Southgobi Resources's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	575.1235	/	867.559	*	365 / 4
	=	60.49

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

Southgobi Resources's Inventory Turnover for the quarter that ended in Sep. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	867.559	/	575.1235
	=	1.51

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.

Southgobi Resources's Inventory to Revenue for the quarter that ended in Sep. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	575.1235	/	1119.941
	=	0.51

Southgobi Resources Change In Inventory Related Terms

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Southgobi Resources Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Other Energy Sources » Southgobi Resources Ltd (HKSE:01878) » Definitions » Change In Inventory

Traded in Other Exchanges

SGQ:Canada

Address

Tower 1, 193 Prince Edward Road. West, Grand Centurey Tower, Units 1208-10, Mongkok, Corporate Department, Kowloon, HKG, V6C 2G8

Website

https://www.southgobi.com

Southgobi Resources Ltd together with its subsidiaries is an integrated coal mining, development, and exploration company. Its reportable operating segment is its Coal Division which is principally engaged in coal mining, development, and exploration in Mongolia and logistics and trading of coal in Mongolia and China. The company also holds the mining and exploration licenses of other metallurgical and thermal coal deposits in the South Gobi Province of Mongolia. The company owns the following operating coal mine and coal projects in Mongolia: the Ovoot Tolgoi Mine, Zag Suuj Project, and the Soumber Project.

Executives

Meng Fa Neng Yuan Kong Gu Ji Tuan You Xian Ze Ren Gong Si	2201 Interest of corporation controlled by you
Gao Zhu	2201 Interest of corporation controlled by you
Land Grand International Holding Limited	2101 Beneficial owner
Inner Mongolia Tianyu Trading Limited	2201 Interest of corporation controlled by you
Jd Dingxing Limited	2201 Interest of corporation controlled by you
Jd Zhixing Fund L.p.	2101 Beneficial owner
Zhu Chonglin	2201 Interest of corporation controlled by you
An Yong	2201 Interest of corporation controlled by you
Inner Mongolia Yuxinsheng Technology Co., Ltd.	2201 Interest of corporation controlled by you
Inner Mongolia Tianyu Innovation Investment Group Co., Ltd.	2201 Interest of corporation controlled by you
Li Gang	2201 Interest of corporation controlled by you
Wei Hong Guo Ji Neng Yuan Ke Ji Bei Jing You Xian Gong Si	2201 Interest of corporation controlled by you
Nei Meng Gu Wei Hong Neng Yuan You Xian Ze Ren Gong Si	2201 Interest of corporation controlled by you
China Cinda (hk) Holdings Company Limited	2201 Interest of corporation controlled by you
China Cinda (hk) Asset Management Co., Limited	2101 Beneficial owner

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