ELL Environmental Holdings (HKSE:01395) Inventory Turnover : 7.87 (As of Dec. 2023)

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What is ELL Environmental 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. ELL Environmental Holdings's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$46.5 Mil. ELL Environmental Holdings's Average Total Inventories for the quarter that ended in Dec. 2023 was HK$5.9 Mil. ELL Environmental Holdings's Inventory Turnover for the quarter that ended in Dec. 2023 was 7.87.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. ELL Environmental Holdings's Days Inventory for the six months ended in Dec. 2023 was 23.20.

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. ELL Environmental Holdings's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.09.

ELL Environmental Holdings Inventory Turnover Historical Data

The historical data trend for ELL Environmental 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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ELL Environmental Holdings Inventory Turnover Chart

ELL Environmental Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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64.95

37.28

33.71

47.45

14.75

ELL Environmental 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															21.91	48.00	32.50	4.82	7.87

ELL Environmental Holdings Inventory Turnover Calculation

ELL Environmental 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 )
=	72.609	/ (	(4.417	+	5.43)	/	2 )
=	72.609	/	4.9235
=	14.75

ELL Environmental 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 )
=	46.544	/ (	(6.404	+	5.43)	/	2 )
=	46.544	/	5.917
=	7.87

ELL Environmental Holdings (HKSE:01395) 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.

ELL Environmental 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
	=	5.917	/	46.544	*	365 / 2
	=	23.20

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.

ELL Environmental 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 )
	=	5.917	/	67.814
	=	0.09

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.

ELL Environmental Holdings Inventory Turnover Related Terms

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ELL Environmental Holdings (HKSE:01395) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » ELL Environmental Holdings Ltd (HKSE:01395) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

North of Huimin Road, Rugao Hengfa Municipal and Industrial Wastewater Treatment Facility, Rugao Economic and Technological Development Zone, Jiangsu, Nantong, CHN

Website

https://www.ellhk.com

ELL Environmental Holdings Ltd is an investment holding company principally engaged in the construction and operation of wastewater treatment facilities and biomass power generation businesses. Its businesses are mainly operated under the build-operate-transfer (BOT) model, including the design of wastewater treatment facilities, through procurement of suitable equipment and materials, the supervision of the construction as well as the ongoing operation and maintenance of the facilities throughout the long term. Its business mainly covers the treatment of municipal, industrial, and heavy metal wastewater. The wastewater treatment facilities constitute revenue for the company. Its geographical segments are Hong Kong, Indonesia, and China.

Executives

Everbest Environmental Investment Limited	2101 Beneficial owner
Wealthy Sea Holdings Limited	2106 Person having a security interest in shares
Chan Chun Keung	2202 Interest of your spouse
Wong Shu Ying	2201 Interest of corporation controlled by you
Chan Kwan	2201 Interest of corporation controlled by you
Chau On Ta Yuen	2106 Person having a security interest in shares
Wong Mei Ling	2202 Interest of your spouse

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