Rizhao Port Jurong Co (HKSE:06117) Inventory Turnover : 216.53 (As of Dec. 2024)

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What is Rizhao Port Jurong 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. Rizhao Port Jurong Co's Cost of Goods Sold for the six months ended in Dec. 2024 was HK$283.6 Mil. Rizhao Port Jurong Co's Average Total Inventories for the quarter that ended in Dec. 2024 was HK$1.3 Mil. Rizhao Port Jurong Co's Inventory Turnover for the quarter that ended in Dec. 2024 was 216.53.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Rizhao Port Jurong Co's Days Inventory for the six months ended in Dec. 2024 was 0.84.

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. Rizhao Port Jurong Co's Inventory-to-Revenue for the quarter that ended in Dec. 2024 was 0.00.

Rizhao Port Jurong Co Inventory Turnover Historical Data

The historical data trend for Rizhao Port Jurong 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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Rizhao Port Jurong Co Inventory Turnover Chart

Rizhao Port Jurong Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Inventory Turnover

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97.75

140.14

169.08

232.81

375.58

Rizhao Port Jurong Co Semi-Annual Data
	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Inventory Turnover	Get a 7-Day Free Trial											101.56	110.04	160.47	165.00	216.53

Rizhao Port Jurong Co Inventory Turnover Calculation

Rizhao Port Jurong Co's Inventory Turnover for the fiscal year that ended in Dec. 2024 is calculated as

	Inventory Turnover (A: Dec. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2024 )	/ (	(Total Inventories (A: Dec. 2023 )	+	Total Inventories (A: Dec. 2024 ))	/	count )
=	547.592	/ (	(1.762	+	1.154)	/	2 )
=	547.592	/	1.458
=	375.58

Rizhao Port Jurong Co's Inventory Turnover for the quarter that ended in Dec. 2024 is calculated as

	Inventory Turnover (Q: Dec. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2024 )	/ (	(Total Inventories (Q: Jun. 2024 )	+	Total Inventories (Q: Dec. 2024 ))	/	count )
=	283.551	/ (	(1.465	+	1.154)	/	2 )
=	283.551	/	1.3095
=	216.53

Rizhao Port Jurong Co (HKSE:06117) 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.

Rizhao Port Jurong Co's Days Inventory for the six months ended in Dec. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2024 )	/	Cost of Goods Sold (Q: Dec. 2024 )	*	Days in Period
	=	1.3095	/	283.551	*	365 / 2
	=	0.84

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.

Rizhao Port Jurong Co's Inventory to Revenue for the quarter that ended in Dec. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2024 )	/	Revenue (Q: Dec. 2024 )
	=	1.3095	/	451.879
	=	0.00

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.

Rizhao Port Jurong Co Inventory Turnover Related Terms

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Rizhao Port Jurong Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Rizhao Port Jurong Co Ltd (HKSE:06117) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

Haibin 5th Road, South End, Donggang District, Shandong Province, Rizhao, CHN, 276826

Website

http://www.rzportjurong.com

Rizhao Port Jurong Co Ltd is engaged in port operation in Rizhao City, Shandong Province of the PRC, which includes handling grains, woodchips and dried tapioca along with berth leasing, port services such as warehousing, cargo storage, and related supporting business. It provides comprehensive port-related services, including stevedoring, berth leasing, port management, storage, and logistics agency services, mainly covering soybeans, dried tapioca, woodchips, maize, and vegetable oils. Geographically, it derives all of its revenue from China.

Executives

Jurong Port Pte Ltd	2201 Interest of corporation controlled by you
Jurong Port Rizhao Holding Pte Ltd	2101 Beneficial owner
Dong Fang Ji Jin Guan Li You Xian Ze Ren Gong Si

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