China Environmental Technology and Bioenergy Holdings (HKSE:01237) Inventory Turnover : 1.52 (As of Jun. 2024)

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What is China Environmental Technology and Bioenergy 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. China Environmental Technology and Bioenergy Holdings's Cost of Goods Sold for the six months ended in Jun. 2024 was HK$186.4 Mil. China Environmental Technology and Bioenergy Holdings's Average Total Inventories for the quarter that ended in Jun. 2024 was HK$122.6 Mil. China Environmental Technology and Bioenergy Holdings's Inventory Turnover for the quarter that ended in Jun. 2024 was 1.52.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. China Environmental Technology and Bioenergy Holdings's Days Inventory for the six months ended in Jun. 2024 was 120.09.

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 Environmental Technology and Bioenergy Holdings's Inventory-to-Revenue for the quarter that ended in Jun. 2024 was 0.61.

China Environmental Technology and Bioenergy Holdings Inventory Turnover Historical Data

The historical data trend for China Environmental Technology and Bioenergy 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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China Environmental Technology and Bioenergy Holdings Inventory Turnover Chart

China Environmental Technology and Bioenergy Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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2.37

2.97

3.97

3.48

2.67

China Environmental Technology and Bioenergy Holdings Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Inventory Turnover	Get a 7-Day Free Trial															2.59	1.69	1.80	1.20	1.52

China Environmental Technology and Bioenergy Holdings Inventory Turnover Calculation

China Environmental Technology and Bioenergy 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 )
=	303.362	/ (	(100.364	+	126.813)	/	2 )
=	303.362	/	113.5885
=	2.67

China Environmental Technology and Bioenergy Holdings's Inventory Turnover for the quarter that ended in Jun. 2024 is calculated as

	Inventory Turnover (Q: Jun. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jun. 2024 )	/ (	(Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Jun. 2024 ))	/	count )
=	186.361	/ (	(126.813	+	118.446)	/	2 )
=	186.361	/	122.6295
=	1.52

China Environmental Technology and Bioenergy Holdings (HKSE:01237) 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 Environmental Technology and Bioenergy Holdings's Days Inventory for the six months ended in Jun. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2024 )	/	Cost of Goods Sold (Q: Jun. 2024 )	*	Days in Period
	=	122.6295	/	186.361	*	365 / 2
	=	120.09

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 Environmental Technology and Bioenergy Holdings's Inventory to Revenue for the quarter that ended in Jun. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2024 )	/	Revenue (Q: Jun. 2024 )
	=	122.6295	/	200.766
	=	0.61

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 Environmental Technology and Bioenergy Holdings Inventory Turnover Related Terms

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China Environmental Technology and Bioenergy Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » China Environmental Technology and Bioenergy Holdings Ltd (HKSE:01237) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Fushan Industrial District, Fujian, Zhangping, CHN

Website

http://www.merrygardenholdings.com

China Environmental Technology and Bioenergy Holdings Ltd is a leisure wooden product enterprise. The company is organized into three principal operating divisions: Manufacturing and Sales of Wooden Products; Retail sales of outdoor wooden products; and Manufacturing and sales of renewable energy products. It derives prime revenue from the Manufacturing and sales of wooden products segment which involves manufacturing and sales of outdoor wooden products to both domestic and overseas customers, and trading of timber. The company has operational footprints across The People's Republic of China, North America, Europe, Asia Pacific (exclusive of the PRC), and Australasia, from which it receives maximum key revenue from Australasia.

Executives

Hong Kong Cheng Kun Holdings Limited	2101 Beneficial owner
Wong Shun Yi	2201 Interest of corporation controlled by you
Wu Zheyan	2201 Interest of corporation controlled by you
Green Seas Capital Limited	2101 Beneficial owner
Hong Kong Guoyuan Group Capital Holdings Limited	2101 Beneficial owner
Wang Xin	2201 Interest of corporation controlled by you
Lin Jian	2201 Interest of corporation controlled by you
Han Hong	2101 Beneficial owner
Han Jin	2101 Beneficial owner
Shang Hai Jing Xun Gong Ye She Bei Kong Gu You Xian Gong Si	2201 Interest of corporation controlled by you
Fu Jian Wo Ruo Shi You Hua Gong You Xian Gong Si	2201 Interest of corporation controlled by you

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