Binhai Investment Co (HKSE:02886) Inventory Turnover : 25.41 (As of Dec. 2023)

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What is Binhai Investment 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. Binhai Investment Co's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$2,923 Mil. Binhai Investment Co's Average Total Inventories for the quarter that ended in Dec. 2023 was HK$115 Mil. Binhai Investment Co's Inventory Turnover for the quarter that ended in Dec. 2023 was 25.41.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Binhai Investment Co's Days Inventory for the six months ended in Dec. 2023 was 7.18.

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. Binhai Investment Co's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.03.

Binhai Investment Co Inventory Turnover Historical Data

The historical data trend for Binhai Investment 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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Binhai Investment Co Inventory Turnover Chart

Binhai Investment Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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29.26

23.18

27.41

37.97

45.86

Binhai Investment 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															15.46	18.67	20.13	20.95	25.41

Binhai Investment Co Inventory Turnover Calculation

Binhai Investment 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 )
=	5657.702	/ (	(138.853	+	107.863)	/	2 )
=	5657.702	/	123.358
=	45.86

Binhai Investment 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 )
=	2922.814	/ (	(122.196	+	107.863)	/	2 )
=	2922.814	/	115.0295
=	25.41

Binhai Investment Co (HKSE:02886) 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.

Binhai Investment 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
	=	115.0295	/	2922.814	*	365 / 2
	=	7.18

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.

Binhai Investment 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 )
	=	115.0295	/	3287.378
	=	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.

Binhai Investment Co Inventory Turnover Related Terms

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Binhai Investment Co (HKSE:02886) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Binhai Investment Co Ltd (HKSE:02886) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

WS7A:Germany

Address

1 Matheson Street, Causeway Bay, Suites 3205-07, 32nd Floor, Tower Two, Times Square, Hong Kong, HKG

Website

https://www.binhaiinv.com

Binhai Investment Co Ltd is an investment holding company engaged in the sales of piped natural gas, construction, and gas pipeline installation service, gas passing through service, and sales of bottled natural gas. It derives a majority of its revenue from construction, and gas pipeline installation services in which the group constructs gas pipelines for its clients and connects such pipelines to the group's main gas pipeline networks and charges construction and gas pipeline installation service fees from industrial and commercial customers, property developers and property management companies.

Executives

Teda Investment Holding Co., Ltd.
Tian Jin Tai Da Shi Ye Ji Tuan You Xian Gong Si	2201 Interest of corporation controlled by you
Tian Jin Bo Hai Guo You Zi Chan Jing Ying Guan Li You Xian Gong Si	2201 Interest of corporation controlled by you
Tianjin Teda Investment Holding Co., Ltd.	2201 Interest of corporation controlled by you
China Petrochemical Corporation	2101 Beneficial owner
Zhong Guo Shi You Hua Gong Gu Fen You Xian Gong Si	2101 Beneficial owner

Binhai Investment Co (HKSE:02886) Headlines

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