Guodian Technology & Environment Group (HKSE:01296) Inventory Turnover : 2.51 (As of Dec. 2021)

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What is Guodian Technology & Environment Group 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. Guodian Technology & Environment Group's Cost of Goods Sold for the six months ended in Dec. 2021 was HK$8,900 Mil. Guodian Technology & Environment Group's Average Total Inventories for the quarter that ended in Dec. 2021 was HK$3,552 Mil. Guodian Technology & Environment Group's Inventory Turnover for the quarter that ended in Dec. 2021 was 2.51.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Guodian Technology & Environment Group's Days Inventory for the six months ended in Dec. 2021 was 72.84.

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. Guodian Technology & Environment Group's Inventory-to-Revenue for the quarter that ended in Dec. 2021 was 0.39.

Guodian Technology & Environment Group Inventory Turnover Historical Data

The historical data trend for Guodian Technology & Environment Group'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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Guodian Technology & Environment Group Inventory Turnover Chart

Guodian Technology & Environment Group Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Inventory Turnover

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3.09

2.78

2.52

2.88

4.02

Guodian Technology & Environment Group Semi-Annual Data
	Jun12	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21
Inventory Turnover	Get a 7-Day Free Trial															1.48	0.83	2.05	0.83	2.51

Guodian Technology & Environment Group Inventory Turnover Calculation

Guodian Technology & Environment Group's Inventory Turnover for the fiscal year that ended in Dec. 2021 is calculated as

	Inventory Turnover (A: Dec. 2021 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2021 )	/ (	(Total Inventories (A: Dec. 2020 )	+	Total Inventories (A: Dec. 2021 ))	/	count )
=	13901.044	/ (	(5818.364	+	1098.71)	/	2 )
=	13901.044	/	3458.537
=	4.02

Guodian Technology & Environment Group's Inventory Turnover for the quarter that ended in Dec. 2021 is calculated as

	Inventory Turnover (Q: Dec. 2021 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2021 )	/ (	(Total Inventories (Q: Jun. 2021 )	+	Total Inventories (Q: Dec. 2021 ))	/	count )
=	8900.205	/ (	(6005.66	+	1098.71)	/	2 )
=	8900.205	/	3552.185
=	2.51

Guodian Technology & Environment Group (HKSE:01296) 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.

Guodian Technology & Environment Group's Days Inventory for the six months ended in Dec. 2021 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2021 )	/	Cost of Goods Sold (Q: Dec. 2021 )	*	Days in Period
	=	3552.185	/	8900.205	*	365 / 2
	=	72.84

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.

Guodian Technology & Environment Group's Inventory to Revenue for the quarter that ended in Dec. 2021 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2021 )	/	Revenue (Q: Dec. 2021 )
	=	3552.185	/	8997.62
	=	0.39

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.

Guodian Technology & Environment Group Inventory Turnover Related Terms

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Guodian Technology & Environment Group (HKSE:01296) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Guodian Technology & Environment Group Corp Ltd (HKSE:01296) » Definitions » Inventory Turnover

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Address

W.4th Ring Middle Road, Suite 1101, 11th Floor, Building 1, Yard 16, Haidian District, Beijing, CHN, 100039

Website

http://www.khjt.com.cn

Guodian Technology & Environment Group Corp Ltd together with its subsidiaries offers flagship platform for environmental protection and energy conservation solutions businesses. It operates in the following segments: Environmental Protection; Energy Conservation Solutions; Wind Power Products and Services; and All Others. The Environmental Protection segment offers environmental protection products and services which mainly consist of sulphur oxide, nitrogen oxide control technologies, rental of desulphurization and denitrification facilities. Energy Conservation Solutions segment which derives the majority of revenue covers energy-saving products and services. Wind Power Products and Services segment manufactures and sells wind turbine parts and components.

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