ENN Energy Holdings (HKSE:02688) Inventory Turnover : 32.56 (As of Dec. 2023)

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What is ENN Energy 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. ENN Energy Holdings's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$57,496 Mil. ENN Energy Holdings's Average Total Inventories for the quarter that ended in Dec. 2023 was HK$1,766 Mil. ENN Energy Holdings's Inventory Turnover for the quarter that ended in Dec. 2023 was 32.56.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. ENN Energy Holdings's Days Inventory for the six months ended in Dec. 2023 was 5.61.

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. ENN Energy Holdings's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.03.

ENN Energy Holdings Inventory Turnover Historical Data

The historical data trend for ENN Energy 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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ENN Energy Holdings Inventory Turnover Chart

ENN Energy Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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46.62

49.77

57.45

56.10

58.10

ENN Energy Holdings 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															33.40	33.58	26.21	28.54	32.56

ENN Energy Holdings Inventory Turnover Calculation

ENN Energy 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 )
=	108852.874	/ (	(1907.349	+	1839.736)	/	2 )
=	108852.874	/	1873.5425
=	58.10

ENN Energy 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 )
=	57495.581	/ (	(1692.079	+	1839.736)	/	2 )
=	57495.581	/	1765.9075
=	32.56

ENN Energy Holdings (HKSE:02688) 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.

ENN Energy 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
	=	1765.9075	/	57495.581	*	365 / 2
	=	5.61

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.

ENN Energy 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 )
	=	1765.9075	/	65350.007
	=	0.03

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.

ENN Energy Holdings Inventory Turnover Related Terms

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ENN Energy Holdings (HKSE:02688) Business Description

Industry

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Address

Xinyuan DongDao Road, Building A, ENN Industrial Park, Economic and Technological Development Zone, Hebei Province, Langfang, CHN, 065001

Website

https://www.ennenergy.com

ENN Energy Holdings is primarily engaged in distributing and retailing natural gas. By year-end 2022, ENN owned 254 city gas projects in China, with annual gas sales volume of 32.7 billion cubic meters. Meanwhile, the aggregate number of connected piped gas residential households reached 27.9 million, with an average gas penetration rate of 62.9%. ENN Energy also has ventured into integrated energy business with 210 projects in operation.

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