Guangdong Yueyun Transportation Co (HKSE:03399) Inventory Turnover : 30.35 (As of Dec. 2023)

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What is Guangdong Yueyun Transportation 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. Guangdong Yueyun Transportation Co's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$3,698 Mil. Guangdong Yueyun Transportation Co's Average Total Inventories for the quarter that ended in Dec. 2023 was HK$122 Mil. Guangdong Yueyun Transportation Co's Inventory Turnover for the quarter that ended in Dec. 2023 was 30.35.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Guangdong Yueyun Transportation Co's Days Inventory for the six months ended in Dec. 2023 was 6.01.

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. Guangdong Yueyun Transportation Co's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.03.

Guangdong Yueyun Transportation Co Inventory Turnover Historical Data

The historical data trend for Guangdong Yueyun Transportation 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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Guangdong Yueyun Transportation Co Inventory Turnover Chart

Guangdong Yueyun Transportation Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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54.41

51.58

53.81

51.22

58.93

Guangdong Yueyun Transportation 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															27.18	26.94	28.08	30.00	30.35

Guangdong Yueyun Transportation Co Inventory Turnover Calculation

Guangdong Yueyun Transportation 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 )
=	7197.559	/ (	(116.979	+	127.309)	/	2 )
=	7197.559	/	122.144
=	58.93

Guangdong Yueyun Transportation 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 )
=	3697.64	/ (	(116.339	+	127.309)	/	2 )
=	3697.64	/	121.824
=	30.35

Guangdong Yueyun Transportation Co (HKSE:03399) 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.

Guangdong Yueyun Transportation 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
	=	121.824	/	3697.64	*	365 / 2
	=	6.01

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.

Guangdong Yueyun Transportation 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 )
	=	121.824	/	4078.663
	=	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.

Guangdong Yueyun Transportation Co Inventory Turnover Related Terms

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Guangdong Yueyun Transportation Co (HKSE:03399) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Guangdong Yueyun Transportation Co Ltd (HKSE:03399) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

188 Connaught Road West, Rooms 3108 - 3112, 31st Floor, Hong Kong Plaza, Hong Kong, HKG

Website

http://www.gdyueyun.com

Guangdong Yueyun Transportation Co Ltd is an investment holding company principally engaged in the travel services business. The group along with its subsidiaries is an integrated transportation and logistics service provider. The segments of the company are expressway service zones operation, road passenger transportation and auxiliary, taiping interchange operation, and other business. It derives a majority of its revenue from the expressway service zones operation segment. The Travel services business is categorized into Expressway Service Zones Operation (Energy Business, Retail Business, Merchant Solicitation Business, Advertising Business), Road Passenger Transportation and Auxiliary Services, and Operation of Taiping Interchange.

Executives

Pope Asset Management Llc	2102 Investment manager
Shah Capital Management	2102 Investment manager

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