CGN New Energy Holdings Co (HKSE:01811) Inventory Turnover : 8.09 (As of Dec. 2023)

View and export this data going back to 2014. Start your Free Trial

What is CGN New Energy Holdings 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. CGN New Energy Holdings Co's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$3,189 Mil. CGN New Energy Holdings Co's Average Total Inventories for the quarter that ended in Dec. 2023 was HK$394 Mil. CGN New Energy Holdings Co's Inventory Turnover for the quarter that ended in Dec. 2023 was 8.09.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. CGN New Energy Holdings Co's Days Inventory for the six months ended in Dec. 2023 was 22.55.

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. CGN New Energy Holdings Co's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.05.

CGN New Energy Holdings Co Inventory Turnover Historical Data

The historical data trend for CGN New Energy Holdings 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.

* Premium members only.

CGN New Energy Holdings Co Inventory Turnover Chart

CGN New Energy Holdings Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

Get a 7-Day Free Trial

24.58

19.65

20.93

21.24

18.47

CGN New Energy Holdings Co 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															9.85	9.90	11.65	10.07	8.09

CGN New Energy Holdings Co Inventory Turnover Calculation

CGN New Energy Holdings 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 )
=	7989.074	/ (	(516.39	+	348.692)	/	2 )
=	7989.074	/	432.541
=	18.47

CGN New Energy Holdings Co'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 )
=	3189.194	/ (	(439.29	+	348.692)	/	2 )
=	3189.194	/	393.991
=	8.09

CGN New Energy Holdings Co (HKSE:01811) 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.

CGN New Energy Holdings Co'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
	=	393.991	/	3189.194	*	365 / 2
	=	22.55

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.

CGN New Energy Holdings Co'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 )
	=	393.991	/	7569.039
	=	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.

CGN New Energy Holdings Co Inventory Turnover Related Terms

Thank you for viewing the detailed overview of CGN New Energy Holdings Co's Inventory Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

CGN New Energy Holdings Co (HKSE:01811) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » CGN New Energy Holdings Co Ltd (HKSE:01811) » Definitions » Inventory Turnover

Traded in Other Exchanges

C41:Germany

Address

25 Harbour Road, 15th Floor, Harbour Centre, Wanchai, Hong Kong, HKG

Website

http://www.cgnne.com

CGN New Energy Holdings Co Ltd together with its subsidiaries is engaged in the generation and supply of electricity and steam, the construction and operation of power stations, and other associated facilities in PRC and Korea. The company has three reportable segments; Power plants in the PRC include the Generation and supply of electricity, Power plants in Korea include the Generation and supply of electricity, and Management companies include the Provision of management services to power plants operated by CGN and its subsidiaries.

CGN New Energy Holdings Co (HKSE:01811) Headlines

No Headlines