Shandong Yulong Gold Co (SHSE:601028) Inventory Turnover : 2.29 (As of Sep. 2024)

View and export this data going back to 2011. Start your Free Trial

What is Shandong Yulong Gold 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. Shandong Yulong Gold Co's Cost of Goods Sold for the three months ended in Sep. 2024 was ¥169 Mil. Shandong Yulong Gold Co's Average Total Inventories for the quarter that ended in Sep. 2024 was ¥74 Mil. Shandong Yulong Gold Co's Inventory Turnover for the quarter that ended in Sep. 2024 was 2.29.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Shandong Yulong Gold Co's Days Inventory for the three months ended in Sep. 2024 was 39.81.

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. Shandong Yulong Gold Co's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 0.18.

Shandong Yulong Gold Co Inventory Turnover Historical Data

The historical data trend for Shandong Yulong Gold 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.

* Premium members only.

Shandong Yulong Gold Co Inventory Turnover Chart

Shandong Yulong Gold Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

Get a 7-Day Free Trial

22.34

37.39

35.98

23.65

2.78

Shandong Yulong Gold Co Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Inventory Turnover	Get a 7-Day Free Trial															0.57	0.98	0.19	0.25	2.29

Shandong Yulong Gold Co Inventory Turnover Calculation

Shandong Yulong Gold 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 )
=	1434.87	/ (	(854.102	+	179.612)	/	2 )
=	1434.87	/	516.857
=	2.78

Shandong Yulong Gold Co's Inventory Turnover for the quarter that ended in Sep. 2024 is calculated as

	Inventory Turnover (Q: Sep. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2024 )	/ (	(Total Inventories (Q: Jun. 2024 )	+	Total Inventories (Q: Sep. 2024 ))	/	count )
=	169.444	/ (	(75.31	+	72.546)	/	2 )
=	169.444	/	73.928
=	2.29

Shandong Yulong Gold Co (SHSE:601028) 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.

Shandong Yulong Gold Co's Days Inventory for the three months ended in Sep. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2024 )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
	=	73.928	/	169.444	*	365 / 4
	=	39.81

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.

Shandong Yulong Gold Co's Inventory to Revenue for the quarter that ended in Sep. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2024 )	/	Revenue (Q: Sep. 2024 )
	=	73.928	/	418.674
	=	0.18

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.

Shandong Yulong Gold Co Inventory Turnover Related Terms

Thank you for viewing the detailed overview of Shandong Yulong Gold Co's Inventory Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Shandong Yulong Gold Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Shandong Yulong Gold Co Ltd (SHSE:601028) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

No.15 Yulong road, Yuqi Town, Wuxi, CHN, 214183

Website

http://www.yulongsteelpipe.com

Shandong Yulong Gold Co Ltd, formerly Jiangsu Yulong Steel Pipe Co Ltd is a China-based company primarily engaged in the business of steel pipes. The company's products include SAWH steel pipes, high-frequency longitudinal resistance welded pipes, rectangular steel pipes, 3PP/3PE/FBE anticorrosive pipes, corrosion steel pipes, and alloy-steel pipes. The products are widely used in the area of petroleum, petrochemical, natural gas, shale gas, pulp, water transportation and large steel structure. Geographically, the activities are carried out through China, however, its holds presence in both Chinese and international market.

Executives

Lu Fen Qi	Directors, senior managers
Liang Hai Tao	senior management
Liu Feng Yu	senior management
Wang Zhen Dong	senior management
Gao Feng	senior management
Meng Lu Sheng	Supervisors
Yan Bing Chao	senior management
Zhang Peng	Director
Niu Lei	Director
Li Zhen Chuan	Director
Wang Jian Ping	Director
Lv Yan Qing	senior management
Tang Ke Jun	Director
Tang Yong Qing	Director
Yao Guang Li	senior management

Shandong Yulong Gold Co Headlines

No Headlines