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China Energy Storage Technology Development (HKSE:01143) Inventory Turnover : 2.92 (As of Dec. 2023)


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What is China Energy Storage Technology Development 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 Energy Storage Technology Development's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$191.4 Mil. China Energy Storage Technology Development's Average Total Inventories for the quarter that ended in Dec. 2023 was HK$65.5 Mil. China Energy Storage Technology Development's Inventory Turnover for the quarter that ended in Dec. 2023 was 2.92.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. China Energy Storage Technology Development's Days Inventory for the six months ended in Dec. 2023 was 62.48.

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 Energy Storage Technology Development's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.24.

China Energy Storage Technology Development Inventory Turnover Historical Data

The historical data trend for China Energy Storage Technology Development'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.

China Energy Storage Technology Development Inventory Turnover Chart

China Energy Storage Technology Development Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Inventory Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.99 5.10 5.02 4.87 6.55

China Energy Storage Technology Development 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.51 2.27 2.72 2.61 2.92

China Energy Storage Technology Development Inventory Turnover Calculation

China Energy Storage Technology Development'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 )
=365.132 / ((56.799 + 54.66) / 2 )
=365.132 / 55.7295
=6.55

China Energy Storage Technology Development'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 )
=191.355 / ((76.353 + 54.66) / 2 )
=191.355 / 65.5065
=2.92

* 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.

China Energy Storage Technology Development  (HKSE:01143) 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 Energy Storage Technology Development'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
=65.5065/191.355*365 / 2
=62.48

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 Energy Storage Technology Development'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 )
=65.5065 / 273.542
=0.24

* 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.

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 Energy Storage Technology Development Inventory Turnover Related Terms

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

China Energy Storage Technology Development (HKSE:01143) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Hardware » China Energy Storage Technology Development Ltd (HKSE:01143) » Definitions » Inventory Turnover
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HKSE:08005 HKSE:00912 HKSE:00320 HKSE:00927 HKSE:06133 HKSE:00328 HKSE:00638 HKSE:01747 HKSE:02358 HKSE:00110 AAPL XKRX:005930 TSE:6758 HKSE:01810 TSE:6752 XKRX:066570 XKRX:003550 SZSE:002241 SHSE:603296 SZSE:300866
Traded in Other Exchanges
N/A
Address
The Gateway, Harbour City, Suites 3501 & 3513–14, 35th Floor Tower 6, Tsim Sha Tsui, Hong Kong, HKG
Website
http://www.link-asia.com.hk
China Energy Storage Technology Development Ltd Formerly Link-Asia International MedTech Group Ltd is an investment holding company. It operates in four segments: Electronic manufacturing services; Distribution of Communications Products; Securities and Other Assets Investment, which includes Equity investment, property agency service, and other operations; and Real Estate Supply Chain Services, which provide real estate advisory services and real estate purchase service and Money Lending. The company generates the vast majority of its revenue from the Electronic manufacturing services segment. Its geographical segments are China, the United States, Switzerland, France, Poland, the United Kingdom, and Others.
Executives
Chen Dezhu 2201 Interest of corporation controlled by you
Chan Allie 2106 Person having a security interest in shares
Sy Ming Yiu 2101 Beneficial owner
Power Port Holdings Limited 2101 Beneficial owner
Yang Changrong 2201 Interest of corporation controlled by you
He Xiaoming 2201 Interest of corporation controlled by you
Keywan Global Limited 2101 Beneficial owner
Cao Longbing 2201 Interest of corporation controlled by you
Hearts Capital (asia) Limited 2201 Interest of corporation controlled by you
Hearts Capital Spc - Hearts Sp2 2101 Beneficial owner
Long Asia Asset Management (hk) Limited 2102 Investment manager

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