Dynagreen Environmental Protection Group Co (HKSE:01330) Inventory Turnover : 7.34 (As of Mar. 2024)

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What is Dynagreen Environmental Protection Group Co 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. Dynagreen Environmental Protection Group Co's Cost of Goods Sold for the three months ended in Mar. 2024 was HK$488 Mil. Dynagreen Environmental Protection Group Co's Average Total Inventories for the quarter that ended in Mar. 2024 was HK$67 Mil. Dynagreen Environmental Protection Group Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 7.34.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Dynagreen Environmental Protection Group Co's Days Inventory for the three months ended in Mar. 2024 was 12.43.

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. Dynagreen Environmental Protection Group Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.08.

Dynagreen Environmental Protection Group Co Inventory Turnover Historical Data

The historical data trend for Dynagreen Environmental Protection Group Co'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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Dynagreen Environmental Protection Group Co Inventory Turnover Chart

Dynagreen Environmental Protection Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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32.50

30.00

83.66

61.08

42.57

Dynagreen Environmental Protection Group Co Quarterly Data
	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial															13.39	14.49	9.49	9.29	7.34

Dynagreen Environmental Protection Group Co Inventory Turnover Calculation

Dynagreen Environmental Protection Group Co'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 )
=	2659.85	/ (	(56.345	+	68.618)	/	2 )
=	2659.85	/	62.4815
=	42.57

Dynagreen Environmental Protection Group Co's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

	Inventory Turnover (Q: Mar. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2024 )	/ (	(Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )
=	488.141	/ (	(68.618	+	64.412)	/	2 )
=	488.141	/	66.515
=	7.34

Dynagreen Environmental Protection Group Co (HKSE:01330) 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.

Dynagreen Environmental Protection Group Co's Days Inventory for the three months ended in Mar. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2024 )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
	=	66.515	/	488.141	*	365 / 4
	=	12.43

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.

Dynagreen Environmental Protection Group Co's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	66.515	/	874.339
	=	0.08

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.

Dynagreen Environmental Protection Group Co Inventory Turnover Related Terms

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Dynagreen Environmental Protection Group Co (HKSE:01330) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Dynagreen Environmental Protection Group Co Ltd (HKSE:01330) » Definitions » Inventory Turnover

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Traded in Other Exchanges

601330:China

Address

007 Keji South 12th Street, Jiuzhou Electronic Building, 2nd Floor, Northeastern Wing, Nanshan District, Guangdong Province, Shenzhen, CHN, 518057

Website

https://www.dynagreen.com.cn

Dynagreen Environmental Protection Group Co Ltd invests, constructs, operates, and maintains waste-to-energy plants that use waste incineration technology in China. Business activity of the group is operated under the build-operate-transfer and build-transfer arrangements. In addition, it also provides technical consulting service for these facilities.

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