Tian Lun Gas Holdings (HKSE:01600) Inventory Turnover : 15.95 (As of Dec. 2023)

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What is Tian Lun Gas 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. Tian Lun Gas Holdings's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$3,203 Mil. Tian Lun Gas Holdings's Average Total Inventories for the quarter that ended in Dec. 2023 was HK$201 Mil. Tian Lun Gas Holdings's Inventory Turnover for the quarter that ended in Dec. 2023 was 15.95.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Tian Lun Gas Holdings's Days Inventory for the six months ended in Dec. 2023 was 11.44.

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. Tian Lun Gas Holdings's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.05.

Tian Lun Gas Holdings Inventory Turnover Historical Data

The historical data trend for Tian Lun Gas 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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Tian Lun Gas Holdings Inventory Turnover Chart

Tian Lun Gas Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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23.68

30.19

44.01

41.16

40.10

Tian Lun Gas 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															20.10	18.35	18.88	21.02	15.95

Tian Lun Gas Holdings Inventory Turnover Calculation

Tian Lun Gas 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 )
=	6860.839	/ (	(144.347	+	197.798)	/	2 )
=	6860.839	/	171.0725
=	40.10

Tian Lun Gas 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 )
=	3202.646	/ (	(203.676	+	197.798)	/	2 )
=	3202.646	/	200.737
=	15.95

Tian Lun Gas Holdings (HKSE:01600) 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.

Tian Lun Gas 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
	=	200.737	/	3202.646	*	365 / 2
	=	11.44

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.

Tian Lun Gas 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 )
	=	200.737	/	4111.293
	=	0.05

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.

Tian Lun Gas Holdings Inventory Turnover Related Terms

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Tian Lun Gas Holdings (HKSE:01600) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Tian Lun Gas Holdings Ltd (HKSE:01600) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

TLJ:Germany

Address

No. 6 Huang He East Road, 4th Floor, Tian Lun Group Building, Zheng Dong Xin District, Henan Province, Zhengzhou City, CHN, 450003

Website

https://www.tianlungas.com

Tian Lun Gas Holdings Ltd is a Chinese investment holding company whose subsidiaries are engaged in the investment, operation and management of gas pipeline connections, transportation, distribution and sales of gas, construction and operation of gas filling stations, and production and sales of LNG in the People's Republic of China. The segments of the company are sale of natural gas in cylinders, sale of natural gas in bulk and engineering construction services. The company derives majority of its revenue from the sale of natural gas.

Executives

Zhang Yingcen	2201 Interest of corporation controlled by you
Zhang Daoyuan	2103 Interests held jointly with another person
Or Wai Sheun	2201 Interest of corporation controlled by you
Hantec Securities Company Limited	2302 Custodian
Gold Shine Development Limited
Tian Lun Group Limited
Zhuhai Port Co., Ltd.
Zhuhai Port (hong Kong) Development Co., Limited
Chequers Development Limited
Sun Yanxi
International Finance Corporation	2101 Beneficial owner
Ifc Asset Management Company, Llc	2102 Investment manager
Koo Yuen Kim	2101 Beneficial owner

Tian Lun Gas Holdings (HKSE:01600) Headlines

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