Lingbao Gold Group Co (FRA:LI9) Inventory Turnover : 2.55 (As of Jun. 2024)

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What is Lingbao Gold 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. Lingbao Gold Group Co's Cost of Goods Sold for the six months ended in Jun. 2024 was €496 Mil. Lingbao Gold Group Co's Average Total Inventories for the quarter that ended in Jun. 2024 was €195 Mil. Lingbao Gold Group Co's Inventory Turnover for the quarter that ended in Jun. 2024 was 2.55.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Lingbao Gold Group Co's Days Inventory for the six months ended in Jun. 2024 was 71.60.

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. Lingbao Gold Group Co's Inventory-to-Revenue for the quarter that ended in Jun. 2024 was 0.35.

Lingbao Gold Group Co Inventory Turnover Historical Data

The historical data trend for Lingbao Gold 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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Lingbao Gold Group Co Inventory Turnover Chart

Lingbao Gold Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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4.41

3.01

3.03

6.58

6.50

Lingbao Gold Group Co Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Inventory Turnover	Get a 7-Day Free Trial															2.25	3.99	3.90	2.67	2.55

Lingbao Gold Group Co Inventory Turnover Calculation

Lingbao Gold Group Co's Inventory Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Inventory Turnover (A: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2023 )	/ (	(Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )
=	1228.255	/ (	(173.42	+	204.313)	/	2 )
=	1228.255	/	188.8665
=	6.50

Lingbao Gold Group Co's Inventory Turnover for the quarter that ended in Jun. 2024 is calculated as

	Inventory Turnover (Q: Jun. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jun. 2024 )	/ (	(Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Jun. 2024 ))	/	count )
=	496.026	/ (	(204.313	+	184.89)	/	2 )
=	496.026	/	194.6015
=	2.55

Lingbao Gold Group Co (FRA:LI9) 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.

Lingbao Gold Group Co's Days Inventory for the six months ended in Jun. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2024 )	/	Cost of Goods Sold (Q: Jun. 2024 )	*	Days in Period
	=	194.6015	/	496.026	*	365 / 2
	=	71.60

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.

Lingbao Gold Group Co's Inventory to Revenue for the quarter that ended in Jun. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2024 )	/	Revenue (Q: Jun. 2024 )
	=	194.6015	/	548.232
	=	0.35

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.

Lingbao Gold Group Co Inventory Turnover Related Terms

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Lingbao Gold Group Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Lingbao Gold Group Co Ltd (FRA:LI9) » Definitions » Inventory Turnover

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Traded in Other Exchanges

03330:Hong Kong LI9:Germany

Address

77 Leighton Road, Room 1104, 11th Floor, Leighton Centre, Causeway Bay, Hong Kong, HKG

Website

https://www.lbgold.com

Lingbao Gold Group Co Ltd is engaged in the mining, processing, smelting, and selling of gold and other metallic products in the People's Republic of China (PRC). The company operates in four segments: Mining in PRC, Mining in KR (Kyrgyz Republic), Smelting, and Retailing. The vast majority of its revenue comes from the smelting segment, which includes gold and other metal smelting and refinery operations in the PRC. The company generates revenue from selling Gold bullion, Silver, Copper products, Sulphuric acid, and Gold concentrates.

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