Tsaker New Energy Tech Co (HKSE:01986) Inventory Turnover : 3.46 (As of Dec. 2024)

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What is Tsaker New Energy Tech 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. Tsaker New Energy Tech Co's Cost of Goods Sold for the six months ended in Dec. 2024 was HK$1,155 Mil. Tsaker New Energy Tech Co's Average Total Inventories for the quarter that ended in Dec. 2024 was HK$334 Mil. Tsaker New Energy Tech Co's Inventory Turnover for the quarter that ended in Dec. 2024 was 3.46.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Tsaker New Energy Tech Co's Days Inventory for the six months ended in Dec. 2024 was 52.78.

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. Tsaker New Energy Tech Co's Inventory-to-Revenue for the quarter that ended in Dec. 2024 was 0.27.

Tsaker New Energy Tech Co Inventory Turnover Historical Data

The historical data trend for Tsaker New Energy Tech 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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Tsaker New Energy Tech Co Inventory Turnover Chart

Tsaker New Energy Tech Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Inventory Turnover

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3.81

5.73

5.56

6.20

6.87

Tsaker New Energy Tech Co Semi-Annual Data
	Jun15	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															3.42	2.94	3.28	2.69	3.46

Tsaker New Energy Tech Co Inventory Turnover Calculation

Tsaker New Energy Tech Co'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 )
=	2073.2	/ (	(312.084	+	291.572)	/	2 )
=	2073.2	/	301.828
=	6.87

Tsaker New Energy Tech Co'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 )
=	1155.437	/ (	(376.706	+	291.572)	/	2 )
=	1155.437	/	334.139
=	3.46

Tsaker New Energy Tech Co (HKSE:01986) 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.

Tsaker New Energy Tech Co'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
	=	334.139	/	1155.437	*	365 / 2
	=	52.78

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.

Tsaker New Energy Tech Co'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 )
	=	334.139	/	1229.896
	=	0.27

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.

Tsaker New Energy Tech Co Inventory Turnover Related Terms

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Tsaker New Energy Tech Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Tsaker New Energy Tech Co Ltd (HKSE:01986) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Yard 109, Jinghai 3rd Road, 1st Floor, Building 10, Beijing Economic-Technological Development Area, Beijing, CHN, 100020

Website

http://www.tsaker.com

Tsaker New Energy Tech Co Ltd is engaged in integrating green technology into research and development (R&D) and the production of fine chemicals such as dyes and pigment intermediates. It has many advanced production plants, including the world's largest production plant for DSD Acid, DMSS, as well as one of the world's three largest mononitrotoluene production plants. The company has three reportable operating segments; the battery materials segment, the dye and agricultural chemical intermediates segment, and the pigment intermediates and new materials segment. The majority of the revenue is from the dye and agricultural chemical intermediates segment.

Executives

Ge Yi
Hero Time Ventures Limited
Qi Lin
Radiant Pearl Holdings Limited
Star Path Ventures Limited
Cavalli Enterprises Inc.
Ge Chenghui
Ge Chengyu
Hero Time Corporate Management Pte. Ltd.
Star Path Corporate Management Pte. Ltd.
Pan Deyuan	2101 Beneficial owner

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