China Daye Non-Ferrous Metals Mining (HKSE:00661) Inventory Turnover : 1.83 (As of Dec. 2024)

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What is China Daye Non-Ferrous Metals Mining 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. China Daye Non-Ferrous Metals Mining's Cost of Goods Sold for the six months ended in Dec. 2024 was HK$25,869 Mil. China Daye Non-Ferrous Metals Mining's Average Total Inventories for the quarter that ended in Dec. 2024 was HK$14,161 Mil. China Daye Non-Ferrous Metals Mining's Inventory Turnover for the quarter that ended in Dec. 2024 was 1.83.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. China Daye Non-Ferrous Metals Mining's Days Inventory for the six months ended in Dec. 2024 was 99.90.

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. China Daye Non-Ferrous Metals Mining's Inventory-to-Revenue for the quarter that ended in Dec. 2024 was 0.53.

China Daye Non-Ferrous Metals Mining Inventory Turnover Historical Data

The historical data trend for China Daye Non-Ferrous Metals Mining'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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China Daye Non-Ferrous Metals Mining Inventory Turnover Chart

China Daye Non-Ferrous Metals Mining Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Inventory Turnover

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6.23

6.73

3.96

3.77

4.48

China Daye Non-Ferrous Metals Mining Semi-Annual Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Inventory Turnover	Get a 7-Day Free Trial															1.79	1.98	1.98	2.37	1.83

China Daye Non-Ferrous Metals Mining Inventory Turnover Calculation

China Daye Non-Ferrous Metals Mining's Inventory Turnover for the fiscal year that ended in Dec. 2024 is calculated as

	Inventory Turnover (A: Dec. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2024 )	/ (	(Total Inventories (A: Dec. 2023 )	+	Total Inventories (A: Dec. 2024 ))	/	count )
=	60037.975	/ (	(13755.898	+	13042.539)	/	2 )
=	60037.975	/	13399.2185
=	4.48

China Daye Non-Ferrous Metals Mining's Inventory Turnover for the quarter that ended in Dec. 2024 is calculated as

	Inventory Turnover (Q: Dec. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2024 )	/ (	(Total Inventories (Q: Jun. 2024 )	+	Total Inventories (Q: Dec. 2024 ))	/	count )
=	25868.624	/ (	(15278.67	+	13042.539)	/	2 )
=	25868.624	/	14160.6045
=	1.83

China Daye Non-Ferrous Metals Mining (HKSE:00661) 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.

China Daye Non-Ferrous Metals Mining's Days Inventory for the six months ended in Dec. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2024 )	/	Cost of Goods Sold (Q: Dec. 2024 )	*	Days in Period
	=	14160.6045	/	25868.624	*	365 / 2
	=	99.90

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.

China Daye Non-Ferrous Metals Mining's Inventory to Revenue for the quarter that ended in Dec. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2024 )	/	Revenue (Q: Dec. 2024 )
	=	14160.6045	/	26721.235
	=	0.53

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.

China Daye Non-Ferrous Metals Mining Inventory Turnover Related Terms

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China Daye Non-Ferrous Metals Mining Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » China Daye Non-Ferrous Metals Mining Ltd (HKSE:00661) » Definitions » Inventory Turnover

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Address

1008 Tai Nan West Street, China United Plaza, Room 1, 11th Floor, Kowloon, Hong Kong, HKG

Website

https://www.hk661.com

China Daye Non-Ferrous Metals Mining Ltd is engaged in the mining and processing of mineral ores and trading of metal products in the PRC. The company's mining product portfolio consists of Copper cathodes, Other copper products, Gold and other gold products, Silver and other silver products, Iron ores, Sulphuric acid and sulphuric concentrate, and others, of which key revenue is generated from the sale of copper cathodes. The company has a business presence in Mainland China, Hong Kong, and other regions. It derives a majority of its revenue from Mainland China.

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