ANE (Cayman) (HKSE:09956) Inventory Turnover : 467.05 (As of Jun. 2023)

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What is ANE (Cayman) 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. ANE (Cayman)'s Cost of Goods Sold for the six months ended in Jun. 2023 was HK$4,373 Mil. ANE (Cayman)'s Average Total Inventories for the quarter that ended in Jun. 2023 was HK$9 Mil. ANE (Cayman)'s Inventory Turnover for the quarter that ended in Jun. 2023 was 467.05.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. ANE (Cayman)'s Days Inventory for the six months ended in Jun. 2023 was 0.39.

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. ANE (Cayman)'s Inventory-to-Revenue for the quarter that ended in Jun. 2023 was 0.00.

ANE (Cayman) Inventory Turnover Historical Data

The historical data trend for ANE (Cayman)'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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ANE (Cayman) Inventory Turnover Chart

ANE (Cayman) Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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657.19

840.61

848.20

792.94

1,020.99

ANE (Cayman) Semi-Annual Data
	Dec18	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Inventory Turnover	Get a 7-Day Free Trial				401.63	348.70	481.41	467.05	597.86

ANE (Cayman) Inventory Turnover Calculation

ANE (Cayman)'s Inventory Turnover for the fiscal year that ended in Dec. 2022 is calculated as

	Inventory Turnover (A: Dec. 2022 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2022 )	/ (	(Total Inventories (A: Dec. 2021 )	+	Total Inventories (A: Dec. 2022 ))	/	count )
=	9608.849	/ (	(14.117	+	10.119)	/	2 )
=	9608.849	/	12.118
=	792.94

ANE (Cayman)'s Inventory Turnover for the quarter that ended in Jun. 2023 is calculated as

	Inventory Turnover (Q: Jun. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jun. 2023 )	/ (	(Total Inventories (Q: Dec. 2022 )	+	Total Inventories (Q: Jun. 2023 ))	/	count )
=	4372.798	/ (	(10.119	+	8.606)	/	2 )
=	4372.798	/	9.3625
=	467.05

ANE (Cayman) (HKSE:09956) 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.

ANE (Cayman)'s Days Inventory for the six months ended in Jun. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2023 )	/	Cost of Goods Sold (Q: Jun. 2023 )	*	Days in Period
	=	9.3625	/	4372.798	*	365 / 2
	=	0.39

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.

ANE (Cayman)'s Inventory to Revenue for the quarter that ended in Jun. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2023 )	/	Revenue (Q: Jun. 2023 )
	=	9.3625	/	4976.873
	=	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.

ANE (Cayman) Inventory Turnover Related Terms

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ANE (Cayman) (HKSE:09956) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » ANE (Cayman) Inc (HKSE:09956) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

999 Huaxu Road, 8th Floor, Block B, E Linke World North District, Xujing Town, Qingpu District, Shanghai, CHN

Website

https://www.ane56.com

ANE (Cayman) Inc is a express freight network in China's less-than-truckload market. The Company mainly provide transportation services, value-added services and dispatch services to their freight partners, direct customers The company's business has one single operating segment namely provision of transportation and related services.

Executives

Qin Xinghua	2101 Beneficial owner
Wang Yongjun	2201 Interest of corporation controlled by you
Liu Haiyan	2501 Other
Zhu Jianhui	2501 Other
Advance Step Holdings Limited	2201 Interest of corporation controlled by you
Centurium Capital Partners 2018, L.p.	2201 Interest of corporation controlled by you
Topaz Gem Investment Holdings Limited	2101 Beneficial owner
Cdf Ane Limited	2501 Other
Max Choice Ventures Limited	2101 Beneficial owner
Trident Trust Company (hk) Limited	2301 Trustee

ANE (Cayman) (HKSE:09956) Headlines

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