Dongguang Chemical (HKSE:01702) Inventory Turnover : 14.32 (As of Dec. 2024)

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What is Dongguang Chemical 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. Dongguang Chemical's Cost of Goods Sold for the six months ended in Dec. 2024 was HK$1,291 Mil. Dongguang Chemical's Average Total Inventories for the quarter that ended in Dec. 2024 was HK$90 Mil. Dongguang Chemical's Inventory Turnover for the quarter that ended in Dec. 2024 was 14.32.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Dongguang Chemical's Days Inventory for the six months ended in Dec. 2024 was 12.75.

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. Dongguang Chemical's Inventory-to-Revenue for the quarter that ended in Dec. 2024 was 0.07.

Dongguang Chemical Inventory Turnover Historical Data

The historical data trend for Dongguang Chemical'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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Dongguang Chemical Inventory Turnover Chart

Dongguang Chemical Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Inventory Turnover

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21.74

22.12

19.87

20.97

23.63

Dongguang Chemical Semi-Annual Data
	Dec14	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Inventory Turnover	Get a 7-Day Free Trial															10.59	15.98	12.86	12.00	14.32

Dongguang Chemical Inventory Turnover Calculation

Dongguang Chemical's Inventory Turnover for the fiscal year that ended in Dec. 2024 is calculated as

	Inventory Turnover (A: Dec. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2024 )	/ (	(Total Inventories (A: Dec. 2023 )	+	Total Inventories (A: Dec. 2024 ))	/	count )
=	2565.989	/ (	(125.537	+	91.68)	/	2 )
=	2565.989	/	108.6085
=	23.63

Dongguang Chemical's Inventory Turnover for the quarter that ended in Dec. 2024 is calculated as

	Inventory Turnover (Q: Dec. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2024 )	/ (	(Total Inventories (Q: Jun. 2024 )	+	Total Inventories (Q: Dec. 2024 ))	/	count )
=	1291.395	/ (	(88.703	+	91.68)	/	2 )
=	1291.395	/	90.1915
=	14.32

Dongguang Chemical (HKSE:01702) 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.

Dongguang Chemical's Days Inventory for the six months ended in Dec. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2024 )	/	Cost of Goods Sold (Q: Dec. 2024 )	*	Days in Period
	=	90.1915	/	1291.395	*	365 / 2
	=	12.75

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.

Dongguang Chemical's Inventory to Revenue for the quarter that ended in Dec. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2024 )	/	Revenue (Q: Dec. 2024 )
	=	90.1915	/	1321.952
	=	0.07

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.

Dongguang Chemical Inventory Turnover Related Terms

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Dongguang Chemical Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Dongguang Chemical Ltd (HKSE:01702) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

Chengdong Industrial Zone, Dongguang County, Hebei Province, Dongguang, CHN

Website

https://www.dg-chemical.com

Dongguang Chemical Ltd is a coal-based urea producer. It produces and sells urea. It also produces and sells other by-products of urea which includes vehicle urea solution, including methanol, liquid carbon dioxide, and liquefied natural gas (LNG). The group's product and application of urea can be broadly categorized into agricultural and industrial uses. Its products are used in wide industrial applications, such as the production of adhesives, coatings plastics, and cosmetics. The group generates the majority of its revenue from sales of urea by-products.

Executives

Sun Yukun	2202 Interest of your spouse
Timely Moon Limited	2201 Interest of corporation controlled by you
Wang Zhihe	2201 Interest of corporation controlled by you
Sino-coal Chemical Holding Group Limited	2101 Beneficial owner
Bloom Ocean Investments Limited	2101 Beneficial owner
Plenty Sun Limited	2201 Interest of corporation controlled by you
Sun Yi	2201 Interest of corporation controlled by you
Yao Juan	2202 Interest of your spouse

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