Strong Petrochemical Holdings (HKSE:00852) Inventory Turnover : 37.15 (As of Dec. 2023)

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What is Strong Petrochemical 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. Strong Petrochemical Holdings's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$754 Mil. Strong Petrochemical Holdings's Average Total Inventories for the quarter that ended in Dec. 2023 was HK$20 Mil. Strong Petrochemical Holdings's Inventory Turnover for the quarter that ended in Dec. 2023 was 37.15.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Strong Petrochemical Holdings's Days Inventory for the six months ended in Dec. 2023 was 4.91.

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. Strong Petrochemical Holdings's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.03.

Strong Petrochemical Holdings Inventory Turnover Historical Data

The historical data trend for Strong Petrochemical 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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Strong Petrochemical Holdings Inventory Turnover Chart

Strong Petrochemical Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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840.15

256.44

31.65

25.29

54.96

Strong Petrochemical 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															35.41	198.34	23.18	14.19	37.15

Strong Petrochemical Holdings Inventory Turnover Calculation

Strong Petrochemical 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 )
=	1224.738	/ (	(35.177	+	9.391)	/	2 )
=	1224.738	/	22.284
=	54.96

Strong Petrochemical 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 )
=	753.81	/ (	(31.193	+	9.391)	/	2 )
=	753.81	/	20.292
=	37.15

Strong Petrochemical Holdings (HKSE:00852) 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.

Strong Petrochemical 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
	=	20.292	/	753.81	*	365 / 2
	=	4.91

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.

Strong Petrochemical 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 )
	=	20.292	/	777.758
	=	0.03

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.

Strong Petrochemical Holdings Inventory Turnover Related Terms

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Strong Petrochemical Holdings (HKSE:00852) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Strong Petrochemical Holdings Ltd (HKSE:00852) » Definitions » Inventory Turnover

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Address

16 Harcourt Road, Room 1604, 16th Floor, Far East Finance Centre, Admiralty, Hong Kong, HKG

Website

http://www.strongpetrochem.com

Strong Petrochemical Holdings Ltd is a Hong Kong-based company engaged in the trading of crude oil, petroleum products, and petrochemicals. Its segments include the Trading business and Storage business. The Trading business segment includes trading of commodities including crude oil, petroleum products, petrochemicals, coal, and iron ore. The Storage business segment includes the provision of general storage and other ancillary services in respect of petroleum products and petrochemicals. The majority of the firm's revenue comes from the People's Republic of China.

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