China Boqi Environmental (Holding) Co (HKSE:02377) Inventory Turnover : 21.40 (As of Jun. 2024)

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What is China Boqi Environmental (Holding) 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. China Boqi Environmental (Holding) Co's Cost of Goods Sold for the six months ended in Jun. 2024 was HK$808 Mil. China Boqi Environmental (Holding) Co's Average Total Inventories for the quarter that ended in Jun. 2024 was HK$38 Mil. China Boqi Environmental (Holding) Co's Inventory Turnover for the quarter that ended in Jun. 2024 was 21.40.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. China Boqi Environmental (Holding) Co's Days Inventory for the six months ended in Jun. 2024 was 8.53.

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. China Boqi Environmental (Holding) Co's Inventory-to-Revenue for the quarter that ended in Jun. 2024 was 0.04.

China Boqi Environmental (Holding) Co Inventory Turnover Historical Data

The historical data trend for China Boqi Environmental (Holding) 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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China Boqi Environmental (Holding) Co Inventory Turnover Chart

China Boqi Environmental (Holding) Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Inventory Turnover

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47.64

60.50

46.07

50.84

47.48

China Boqi Environmental (Holding) Co Semi-Annual Data
	Dec14	Dec15	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														25.79	23.19	26.51	21.40	25.73

China Boqi Environmental (Holding) Co Inventory Turnover Calculation

China Boqi Environmental (Holding) 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 )
=	1861.72	/ (	(36.996	+	36.24)	/	2 )
=	1861.72	/	36.618
=	50.84

China Boqi Environmental (Holding) Co's Inventory Turnover for the quarter that ended in Jun. 2024 is calculated as

	Inventory Turnover (Q: Jun. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jun. 2024 )	/ (	(Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Jun. 2024 ))	/	count )
=	807.564	/ (	(36.24	+	39.228)	/	2 )
=	807.564	/	37.734
=	21.40

China Boqi Environmental (Holding) Co (HKSE:02377) 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.

China Boqi Environmental (Holding) Co's Days Inventory for the six months ended in Jun. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2024 )	/	Cost of Goods Sold (Q: Jun. 2024 )	*	Days in Period
	=	37.734	/	807.564	*	365 / 2
	=	8.53

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.

China Boqi Environmental (Holding) Co's Inventory to Revenue for the quarter that ended in Jun. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2024 )	/	Revenue (Q: Jun. 2024 )
	=	37.734	/	1022.087
	=	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.

China Boqi Environmental (Holding) Co Inventory Turnover Related Terms

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China Boqi Environmental (Holding) Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » China Boqi Environmental (Holding) Co Ltd (HKSE:02377) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 5 Laiguangying West Road, 9-10th Floor, CCT Center, Chaoyang District, Beijing, CHN, 100123

Website

http://www.chinaboqi.com

China Boqi Environmental (Holding) Co Ltd is an investment holding company providing independent flue gas treatment service and environmental protection solution services by various business models, including environmental protection facility engineering, operation, and maintenance, and concession operation. It operates in four segments: Flue gas treatment; Water treatment; Hazardous and solid waste treatment/disposal business; and Dual-carbon new energy+ business. The group operates in the PRC.

Executives

Cheng Liquan Richard	2401 A concert party to an agreement to buy shares
World Hero International Limited	2101 Beneficial owner
Zhou Xuan	2202 Interest of your spouse
Zhong Guo Shi You Hua Gong Ji Tuan You Xian Gong Si
Zhong Guo Shi Hua Hai Wai Tou Zi Kong Gu You Xian Gong Si
Ge Tong	2202 Interest of your spouse
Zhong Guo Shi You Hua Gong Gu Fen You Xian Gong Si
Best Dawn Limited	2101 Beneficial owner
Zeng Zhijun	2201 Interest of corporation controlled by you
New Asia Limited	2101 Beneficial owner
Zhu Weihang	2201 Interest of corporation controlled by you
Great Origin Ventures Limited	2201 Interest of corporation controlled by you
Cheng Liquan Richard
Cheng Liquan Richard	2401 A concert party to an agreement to buy shares
Bright Hope Global Investments Limited	2201 Interest of corporation controlled by you

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