Beijing Enterprises Holdings (HKSE:00392) Inventory Turnover : 6.96 (As of Jun. 2023)

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What is Beijing Enterprises 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. Beijing Enterprises Holdings's Cost of Goods Sold for the six months ended in Jun. 2023 was HK$41,198 Mil. Beijing Enterprises Holdings's Average Total Inventories for the quarter that ended in Jun. 2023 was HK$5,916 Mil. Beijing Enterprises Holdings's Inventory Turnover for the quarter that ended in Jun. 2023 was 6.96.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Beijing Enterprises Holdings's Days Inventory for the six months ended in Jun. 2023 was 26.21.

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. Beijing Enterprises Holdings's Inventory-to-Revenue for the quarter that ended in Jun. 2023 was 0.12.

Beijing Enterprises Holdings Inventory Turnover Historical Data

The historical data trend for Beijing Enterprises 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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Beijing Enterprises Holdings Inventory Turnover Chart

Beijing Enterprises Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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11.01

11.14

12.00

13.45

13.22

Beijing Enterprises 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															5.91	6.62	7.20	6.96	5.38

Beijing Enterprises Holdings Inventory Turnover Calculation

Beijing Enterprises Holdings'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 )
=	80007.875	/ (	(6218.945	+	5680.631)	/	2 )
=	80007.875	/	5949.788
=	13.45

Beijing Enterprises Holdings'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 )
=	41197.66	/ (	(5680.631	+	6152.09)	/	2 )
=	41197.66	/	5916.3605
=	6.96

Beijing Enterprises Holdings (HKSE:00392) 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.

Beijing Enterprises Holdings'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
	=	5916.3605	/	41197.66	*	365 / 2
	=	26.21

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.

Beijing Enterprises Holdings'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 )
	=	5916.3605	/	48363.805
	=	0.12

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.

Beijing Enterprises Holdings Inventory Turnover Related Terms

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Beijing Enterprises Holdings (HKSE:00392) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Beijing Enterprises Holdings Ltd (HKSE:00392) » Definitions » Inventory Turnover

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Traded in Other Exchanges

BJINF:USA BJEB:Germany

Address

18 Harbour Road, 66th Floor, Central Plaza, Wanchai, Hong Kong, HKG

Website

https://www.behl.com.hk

Beijing Enterprises Holdings was founded in 1997 and it is the listed flagship of the Beijing municipal government. It has a diversified business portfolio with focus on public utilities, including gas distribution and transmission, sewage and water treatment, and waste-to-energy business. It also invests in an upstream Russia oil and gas company, and owns 80% of Yanjing Brewery, one of the leading domestic brewers. The business mix is approximately 70% in gas operation, with the rest in water, waste treatment, and beer businesses.

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