Tianjin Port Development Holdings (FRA:T9P) Inventory Turnover : 48.67 (As of Dec. 2023)

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What is Tianjin Port Development Holdings 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. Tianjin Port Development Holdings's Cost of Goods Sold for the six months ended in Dec. 2023 was €654 Mil. Tianjin Port Development Holdings's Average Total Inventories for the quarter that ended in Dec. 2023 was €13 Mil. Tianjin Port Development Holdings's Inventory Turnover for the quarter that ended in Dec. 2023 was 48.67.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Tianjin Port Development Holdings's Days Inventory for the six months ended in Dec. 2023 was 3.75.

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. Tianjin Port Development Holdings's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.02.

Tianjin Port Development Holdings Inventory Turnover Historical Data

The historical data trend for Tianjin Port Development Holdings'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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Tianjin Port Development Holdings Inventory Turnover Chart

Tianjin Port Development Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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42.60

40.34

68.88

111.72

121.75

Tianjin Port Development Holdings Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															64.74	35.25	26.30	31.42	48.67

Tianjin Port Development Holdings Inventory Turnover Calculation

Tianjin Port Development Holdings'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 )
=	1149.111	/ (	(11.796	+	7.08)	/	2 )
=	1149.111	/	9.438
=	121.75

Tianjin Port Development Holdings's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

	Inventory Turnover (Q: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2023 )	/ (	(Total Inventories (Q: Jun. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	654.346	/ (	(19.809	+	7.08)	/	2 )
=	654.346	/	13.4445
=	48.67

Tianjin Port Development Holdings (FRA:T9P) 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.

Tianjin Port Development Holdings's Days Inventory for the six months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	13.4445	/	654.346	*	365 / 2
	=	3.75

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.

Tianjin Port Development Holdings's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	13.4445	/	850.132
	=	0.02

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.

Tianjin Port Development Holdings Inventory Turnover Related Terms

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Tianjin Port Development Holdings (FRA:T9P) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Tianjin Port Development Holdings Ltd (FRA:T9P) » Definitions » Inventory Turnover

Traded in Other Exchanges

03382:Hong Kong

Address

Times Square, 1 Matheson Street, Suite 3904-3907, 39th Floor, Tower Two, Causeway Bay, Hong Kong, HKG

Website

http://www.tianjinportdev.com

Tianjin Port Development Holdings Ltd is a transportation and logistics company that operates the Tianjin Port in the People's Republic of China. The company organizes itself into three segments: non-containerised and container cargo handling, sales, and other port ancillary services. The cargo handling segment, which generates the majority of revenue, handles both container and non-container cargo. Sales, the next most significant segment, sells fuel and other supplies and materials. Other port ancillary services include tugboat services, agency services, tallying, and other services.

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