Tian Yuan Group Holdings (HKSE:06119) Inventory Turnover : 1.42 (As of Jun. 2024)

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What is Tian Yuan Group 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. Tian Yuan Group Holdings's Cost of Goods Sold for the six months ended in Jun. 2024 was HK$205.0 Mil. Tian Yuan Group Holdings's Average Total Inventories for the quarter that ended in Jun. 2024 was HK$144.1 Mil. Tian Yuan Group Holdings's Inventory Turnover for the quarter that ended in Jun. 2024 was 1.42.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Tian Yuan Group Holdings's Days Inventory for the six months ended in Jun. 2024 was 128.25.

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. Tian Yuan Group Holdings's Inventory-to-Revenue for the quarter that ended in Jun. 2024 was 0.62.

Tian Yuan Group Holdings Inventory Turnover Historical Data

The historical data trend for Tian Yuan Group 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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Tian Yuan Group Holdings Inventory Turnover Chart

Tian Yuan Group Holdings Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Inventory Turnover

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1.13

1.65

1.64

1.74

1.84

Tian Yuan Group Holdings Semi-Annual Data
	Dec15	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Inventory Turnover	Get a 7-Day Free Trial													1.64	1.21	0.45	1.42	0.43

Tian Yuan Group Holdings Inventory Turnover Calculation

Tian Yuan Group 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 )
=	277.444	/ (	(179.572	+	140.175)	/	2 )
=	277.444	/	159.8735
=	1.74

Tian Yuan Group Holdings's Inventory Turnover for the quarter that ended in Jun. 2024 is calculated as

	Inventory Turnover (Q: Jun. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jun. 2024 )	/ (	(Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Jun. 2024 ))	/	count )
=	205.002	/ (	(140.175	+	147.95)	/	2 )
=	205.002	/	144.0625
=	1.42

Tian Yuan Group Holdings (HKSE:06119) 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.

Tian Yuan Group Holdings's Days Inventory for the six months ended in Jun. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2024 )	/	Cost of Goods Sold (Q: Jun. 2024 )	*	Days in Period
	=	144.0625	/	205.002	*	365 / 2
	=	128.25

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.

Tian Yuan Group Holdings's Inventory to Revenue for the quarter that ended in Jun. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2024 )	/	Revenue (Q: Jun. 2024 )
	=	144.0625	/	231.901
	=	0.62

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.

Tian Yuan Group Holdings Inventory Turnover Related Terms

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Tian Yuan Group Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Tian Yuan Group Holdings Ltd (HKSE:06119) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

Dianhai Street, 12th Floor, Academic Exchange Center Intersection of Panzhou Avenue and Yingbin Avenue, Dianbai District, Guangdong Province, Maoming, CHN

Website

https://www.tianyuangroupholdings.com

Tian Yuan Group Holdings Ltd is engaged in the provision of bulk and general cargo uploading and unloading services supply and sales of oil products and related ancillary value-added port services in The People's Republic of China. Cargo uploading and unloading services handle bulk cargo such as coal, quartz sand, oil products, grain, asphalt, and kaolinite, as well as a small portion of break bulk cargo and neo-bulk cargo. Related ancillary value-added port services consist of storage services at oil tanks and grain barns as well as leasing of shovel trucks. It operates in two segments: Cargo handling and ancillary services and Sales of oil products. The company generates a majority of its revenue from the Cargo handling and ancillary service segment.

Executives

Greenpro Trust Limited	2301 Trustee
Sino Ford Enterprises Limited
Yang Jinming
Zhang Dan
Huang Yongcheng	2101 Beneficial owner

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