Triumph New Energy Co (SHSE:600876) Inventory Turnover : 1.09 (As of Dec. 2024)

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What is Triumph New Energy 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. Triumph New Energy Co's Cost of Goods Sold for the three months ended in Dec. 2024 was ¥1,173 Mil. Triumph New Energy Co's Average Total Inventories for the quarter that ended in Dec. 2024 was ¥1,072 Mil. Triumph New Energy Co's Inventory Turnover for the quarter that ended in Dec. 2024 was 1.09.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Triumph New Energy Co's Days Inventory for the three months ended in Dec. 2024 was 83.43.

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. Triumph New Energy Co's Inventory-to-Revenue for the quarter that ended in Dec. 2024 was 1.19.

Triumph New Energy Co Inventory Turnover Historical Data

The historical data trend for Triumph New Energy 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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Triumph New Energy Co Inventory Turnover Chart

Triumph New Energy Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Inventory Turnover

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8.26

5.58

6.42

8.44

6.08

Triumph New Energy Co Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Inventory Turnover	Get a 7-Day Free Trial															2.22	1.76	1.67	0.78	1.09

Triumph New Energy Co Inventory Turnover Calculation

Triumph New Energy 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 )
=	4794.428	/ (	(686.887	+	891.338)	/	2 )
=	4794.428	/	789.1125
=	6.08

Triumph New Energy 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: Sep. 2024 )	+	Total Inventories (Q: Dec. 2024 ))	/	count )
=	1172.805	/ (	(1253.219	+	891.338)	/	2 )
=	1172.805	/	1072.2785
=	1.09

Triumph New Energy Co (SHSE:600876) 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.

Triumph New Energy Co's Days Inventory for the three 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
	=	1072.2785	/	1172.805	*	365 / 4
	=	83.43

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.

Triumph New Energy 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 )
	=	1072.2785	/	899.698
	=	1.19

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.

Triumph New Energy Co Inventory Turnover Related Terms

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Triumph New Energy Co Business Description

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01108:Hong Kong LUG:Germany

Address

No. 9, Tang Gong Zhong Lu, Xigong District, Henan Province, Luoyang, CHN, 471009

Website

http://www.zhglb.com

Triumph New Energy Co Ltd formerly Luoyang Glass Co Ltd is engaged in the research and development, manufacturing, and sales of new energy materials. main products include glass for double-glass modules, AR photovoltaic coating glass, high transparent photovoltaic toughened glass, and other photovoltaic cell packaging materials for solar equipment. The company generates revenue from the production and sales of products. Its business segments are Namely new energy glass segment and Other functional glass.

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