United Strength Power Holdings (HKSE:02337) Inventory Turnover : 26.78 (As of Dec. 2023)

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What is United Strength Power 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. United Strength Power Holdings's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$4,280 Mil. United Strength Power Holdings's Average Total Inventories for the quarter that ended in Dec. 2023 was HK$160 Mil. United Strength Power Holdings's Inventory Turnover for the quarter that ended in Dec. 2023 was 26.78.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. United Strength Power Holdings's Days Inventory for the six months ended in Dec. 2023 was 6.81.

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. United Strength Power Holdings's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.04.

United Strength Power Holdings Inventory Turnover Historical Data

The historical data trend for United Strength Power 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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United Strength Power Holdings Inventory Turnover Chart

United Strength Power Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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65.12

28.77

55.38

50.86

42.67

United Strength Power Holdings Semi-Annual Data
	Dec14	Dec15	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Inventory Turnover	Get a 7-Day Free Trial												29.71	20.31	20.76	24.49	26.78

United Strength Power Holdings Inventory Turnover Calculation

United Strength Power 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 )
=	7574.017	/ (	(152.171	+	202.829)	/	2 )
=	7574.017	/	177.5
=	42.67

United Strength Power 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 )
=	4280.172	/ (	(116.803	+	202.829)	/	2 )
=	4280.172	/	159.816
=	26.78

United Strength Power Holdings (HKSE:02337) 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.

United Strength Power 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
	=	159.816	/	4280.172	*	365 / 2
	=	6.81

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.

United Strength Power 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 )
	=	159.816	/	4553.239
	=	0.04

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.

United Strength Power Holdings Inventory Turnover Related Terms

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United Strength Power Holdings (HKSE:02337) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » United Strength Power Holdings Ltd (HKSE:02337) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Number 2101, Unit 1, Block 23, Zone G, Jilin Province, Solana 2, Erdao District, Changchun, CHN

Website

http://www.united-strength.com

United Strength Power Holdings Ltd operates a vehicle natural gas refueling station in the Jilin province of China. The company sells compressed natural gas, liquefied natural gas, and liquefied petroleum gas. It operates through three business segments namely, the Sale of refined oil, the Sale of natural gas, and the Provision of transportation services. The company generates maximum revenue from the sale of the refined oil segment.

Executives

Dynamic Fame Global Limited	2101 Beneficial owner
Xu Hang	2201 Interest of corporation controlled by you
Golden Truth Holdings Limited	2101 Beneficial owner
Ji Yuanyuan	2202 Interest of your spouse
Zhao Jinmin	2201 Interest of corporation controlled by you
Propitious Peak Limited
Heroic Year Limited
Liu Yingwu
Ma Dan

United Strength Power Holdings (HKSE:02337) Headlines

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