Lingbao Gold Group Company (HKSE:03330) Inventory Turnover : 2.67 (As of Dec. 2023)

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What is Lingbao Gold Group Company 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. Lingbao Gold Group Company's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$4,463 Mil. Lingbao Gold Group Company's Average Total Inventories for the quarter that ended in Dec. 2023 was HK$1,671 Mil. Lingbao Gold Group Company's Inventory Turnover for the quarter that ended in Dec. 2023 was 2.67.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Lingbao Gold Group Company's Days Inventory for the six months ended in Dec. 2023 was 68.33.

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. Lingbao Gold Group Company's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.33.

Lingbao Gold Group Company Inventory Turnover Historical Data

The historical data trend for Lingbao Gold Group Company'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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Lingbao Gold Group Company Inventory Turnover Chart

Lingbao Gold Group Company Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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4.36

3.12

2.93

6.34

6.60

Lingbao Gold Group Company 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															1.91	2.19	3.98	3.96	2.67

Lingbao Gold Group Company Inventory Turnover Calculation

Lingbao Gold Group Company'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 )
=	10460.661	/ (	(1430.241	+	1740.065)	/	2 )
=	10460.661	/	1585.153
=	6.60

Lingbao Gold Group Company'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 )
=	4463.245	/ (	(1602.121	+	1740.065)	/	2 )
=	4463.245	/	1671.093
=	2.67

Lingbao Gold Group Company (HKSE:03330) 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.

Lingbao Gold Group Company'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
	=	1671.093	/	4463.245	*	365 / 2
	=	68.33

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.

Lingbao Gold Group Company'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 )
	=	1671.093	/	5135.399
	=	0.33

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.

Lingbao Gold Group Company Inventory Turnover Related Terms

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Lingbao Gold Group Company (HKSE:03330) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Lingbao Gold Group Company Ltd (HKSE:03330) » Definitions » Inventory Turnover

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Traded in Other Exchanges

LI9:Germany

Address

77 Leighton Road, Room 1104, 11th Floor, Leighton Centre, Causeway Bay, Hong Kong, HKG

Website

https://www.lbgold.com

Lingbao Gold Group Company Ltd is engaged in mining, processing, smelting, and selling of gold and other metallic products in the People's Republic of China (PRC). The company operates in four segments: Mining in PRC, Mining in KR (Kyrgyz Republic), Smelting and Retailing. The vast majority of its revenue comes from the smelting segment, which includes gold and other metal smelting and refinery operations in PRC. The company generates revenue from selling Gold bullion, Silver, Copper products, Sulphuric acid, and Gold concentrates.

Executives

Wang Guan Ran	2201 Interest of corporation controlled by you
Da Ren Shi Ye Fa Zhan Xiang Gang You Xian Gong Si	2101 Beneficial owner
Shen Zhen Jie Si Wei Ye Kong Gu Gu Fen You Xian Gong Si Qian Cheng Bei Jing Jie Si Wei Ye Kong Gu Gu Fen You Xian Gong Si	2201 Interest of corporation controlled by you
Shen Zhen Jie Si Ding Xin Kong Gu You Xian Gong Si Qian Cheng Shen Zhen Da Ren Shi Ye Fa Zhan You Xian Gong Si	2201 Interest of corporation controlled by you
Shen Zhen Da Ren Shi Ye Fa Zhan You Xian Gong Si	2201 Interest of corporation controlled by you
Da Ren Tou Zi Guan Li Ji Tuan Gu Fen You Xian Gong Si	2201 Interest of corporation controlled by you
Shen Zhen Jie Si Wei Ye Kong Gu Gu Fen You Xian Gong Si Qian Cheng Bei Jing Jie Si Wei Ye Kong Gu Gu	2106 Person having a security interest in shares
Bei Jing Jie Si Wei Ye Kong Gu Gu Fen You Xian Gong Si	2201 Interest of corporation controlled by you
Bei Jing Jie Si Wei Ye Kong Gu You Xian Gong Si	2201 Interest of corporation controlled by you

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