Mongolia Energy (HKSE:00276) Inventory Turnover : 3.09 (As of Sep. 2023)

View and export this data going back to 1972. Start your Free Trial

What is Mongolia Energy 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. Mongolia Energy's Cost of Goods Sold for the six months ended in Sep. 2023 was HK$979 Mil. Mongolia Energy's Average Total Inventories for the quarter that ended in Sep. 2023 was HK$316 Mil. Mongolia Energy's Inventory Turnover for the quarter that ended in Sep. 2023 was 3.09.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Mongolia Energy's Days Inventory for the six months ended in Sep. 2023 was 59.03.

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. Mongolia Energy's Inventory-to-Revenue for the quarter that ended in Sep. 2023 was 0.20.

Mongolia Energy Inventory Turnover Historical Data

The historical data trend for Mongolia Energy'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.

Mongolia Energy Inventory Turnover Chart

Mongolia Energy Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Inventory Turnover

Get a 7-Day Free Trial

3.70

3.47

2.44

3.97

6.36

Mongolia Energy Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Inventory Turnover	Get a 7-Day Free Trial															2.30	1.73	3.87	2.53	3.09

Mongolia Energy Inventory Turnover Calculation

Mongolia Energy's Inventory Turnover for the fiscal year that ended in Mar. 2023 is calculated as

	Inventory Turnover (A: Mar. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Mar. 2023 )	/ (	(Total Inventories (A: Mar. 2022 )	+	Total Inventories (A: Mar. 2023 ))	/	count )
=	1820.213	/ (	(268.822	+	303.382)	/	2 )
=	1820.213	/	286.102
=	6.36

Mongolia Energy's Inventory Turnover for the quarter that ended in Sep. 2023 is calculated as

	Inventory Turnover (Q: Sep. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2023 )	/ (	(Total Inventories (Q: Mar. 2023 )	+	Total Inventories (Q: Sep. 2023 ))	/	count )
=	978.525	/ (	(303.382	+	329.605)	/	2 )
=	978.525	/	316.4935
=	3.09

Mongolia Energy (HKSE:00276) 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.

Mongolia Energy's Days Inventory for the six months ended in Sep. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2023 )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
	=	316.4935	/	978.525	*	365 / 2
	=	59.03

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.

Mongolia Energy's Inventory to Revenue for the quarter that ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2023 )	/	Revenue (Q: Sep. 2023 )
	=	316.4935	/	1557.257
	=	0.20

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.

Mongolia Energy Inventory Turnover Related Terms

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

Mongolia Energy (HKSE:00276) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Mongolia Energy Corp Ltd (HKSE:00276) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

MOAEF:USA NWW:Germany

Address

118 Connaught Road West, 17th Floor, Hong Kong, HKG

Website

http://www.mongolia-energy.com

Mongolia Energy Corp Ltd is an investment holding company. The company's principal business is coal mining and exploration which is operated by its indirect wholly-owned subsidiary in Mongolia. Its principal project is the Khushuut Coking Coal Project in Western Mongolia, it also has interest in the Gobi Altay and Olon Bulag project. The Khushuut Coal Mine is located approximately 1,350 km west of Ulaanbaatar in the Khovd Province of Western Mongolia. It is about 311 km from the Xinjiang Takeshiken border, connecting the Khushuut Road. The group is principally engaged in mining, processing and sale of coal in the PRC and Mongolia. Mongolia Energy derives all of its revenue from Coal mining. Geographically company derives a majority of its revenue from PRC.

Executives

Ku Ming Mei Rouisa	2202 Interest of your spouse
Lo Lin Shing, Simon	2101 Beneficial owner
Cheng Yu Tung Family (holdings Ii) Limited	2101 Beneficial owner
Cheng Yu Tung Family (holdings) Limited	2101 Beneficial owner
Chow Tai Fook (holding) Limited	2101 Beneficial owner
Chow Tai Fook Capital Limited	2101 Beneficial owner
Chow Tai Fook Nominee Limited	2101 Beneficial owner
Golden Infinity Co., Ltd.	2101 Beneficial owner

Mongolia Energy (HKSE:00276) Headlines

No Headlines