Feishang Anthracite Resources (Feishang Anthracite Resources) Inventory Turnover : 10.32 (As of Jun. 2023)

View and export this data going back to 2014. Start your Free Trial

What is Feishang Anthracite Resources 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. Feishang Anthracite Resources's Cost of Goods Sold for the six months ended in Jun. 2023 was $58.2 Mil. Feishang Anthracite Resources's Average Total Inventories for the quarter that ended in Jun. 2023 was $5.6 Mil. Feishang Anthracite Resources's Inventory Turnover for the quarter that ended in Jun. 2023 was 10.32.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Feishang Anthracite Resources's Days Inventory for the six months ended in Jun. 2023 was 17.69.

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. Feishang Anthracite Resources's Inventory-to-Revenue for the quarter that ended in Jun. 2023 was 0.06.

Feishang Anthracite Resources Inventory Turnover Historical Data

The historical data trend for Feishang Anthracite Resources'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.

* Premium members only.

Feishang Anthracite Resources Inventory Turnover Chart

Feishang Anthracite Resources Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

Get a 7-Day Free Trial

19.98

16.07

17.12

25.76

15.14

Feishang Anthracite Resources 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															12.43	12.86	14.00	10.32	6.72

Feishang Anthracite Resources Inventory Turnover Calculation

Feishang Anthracite Resources's Inventory Turnover for the fiscal year that ended in Dec. 2022 is calculated as

	Inventory Turnover (A: Dec. 2022 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2022 )	/ (	(Total Inventories (A: Dec. 2021 )	+	Total Inventories (A: Dec. 2022 ))	/	count )
=	135.215	/ (	(4.95	+	5.549)	/	2 )
=	135.215	/	5.2495
=	25.76

Feishang Anthracite Resources's Inventory Turnover for the quarter that ended in Jun. 2023 is calculated as

	Inventory Turnover (Q: Jun. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jun. 2023 )	/ (	(Total Inventories (Q: Dec. 2022 )	+	Total Inventories (Q: Jun. 2023 ))	/	count )
=	58.233	/ (	(5.549	+	5.738)	/	2 )
=	58.233	/	5.6435
=	10.32

Feishang Anthracite Resources (OTCPK:FSHRF) 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.

Feishang Anthracite Resources's Days Inventory for the six months ended in Jun. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2023 )	/	Cost of Goods Sold (Q: Jun. 2023 )	*	Days in Period
	=	5.6435	/	58.233	*	365 / 2
	=	17.69

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.

Feishang Anthracite Resources's Inventory to Revenue for the quarter that ended in Jun. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2023 )	/	Revenue (Q: Jun. 2023 )
	=	5.6435	/	89.556
	=	0.06

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.

Feishang Anthracite Resources Inventory Turnover Related Terms

Thank you for viewing the detailed overview of Feishang Anthracite Resources's Inventory Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Feishang Anthracite Resources (Feishang Anthracite Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Other Energy Sources » Feishang Anthracite Resources Ltd (OTCPK:FSHRF) » Definitions » Inventory Turnover

Traded in Other Exchanges

01738:Hong Kong

Address

200 Connaught Road Central, Room 2205, 22 Floor, West Tower, Shun Tak Centre, Sheung Wan, Hong Kong, HKG

Website

https://www.fsanthracite.com

Feishang Anthracite Resources Ltd is principally engaged in the acquisition, development, and construction of anthracite coal mines and the extraction and sale of anthracite coal in the People's Republic of China. It conducts its principal operation and derives revenues solely from Mainland China.

Feishang Anthracite Resources (Feishang Anthracite Resources) Headlines

No Headlines