Hainan Mining Co (SHSE:601969) Inventory Turnover : 2.00 (As of Mar. 2024)

View and export this data going back to 2014. Start your Free Trial

What is Hainan Mining 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. Hainan Mining Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥699 Mil. Hainan Mining Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥350 Mil. Hainan Mining Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 2.00.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Hainan Mining Co's Days Inventory for the three months ended in Mar. 2024 was 45.74.

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. Hainan Mining Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.32.

Hainan Mining Co Inventory Turnover Historical Data

The historical data trend for Hainan Mining 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.

Hainan Mining Co Inventory Turnover Chart

Hainan Mining Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

Get a 7-Day Free Trial

6.91

5.95

7.76

9.42

9.09

Hainan Mining Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial															2.03	1.93	2.50	1.45	2.00

Hainan Mining Co Inventory Turnover Calculation

Hainan Mining 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 )
=	3206.217	/ (	(409.107	+	296.464)	/	2 )
=	3206.217	/	352.7855
=	9.09

Hainan Mining Co's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

	Inventory Turnover (Q: Mar. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2024 )	/ (	(Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )
=	698.824	/ (	(296.464	+	404.062)	/	2 )
=	698.824	/	350.263
=	2.00

Hainan Mining Co (SHSE:601969) 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.

Hainan Mining Co's Days Inventory for the three months ended in Mar. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2024 )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
	=	350.263	/	698.824	*	365 / 4
	=	45.74

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.

Hainan Mining Co's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	350.263	/	1109.777
	=	0.32

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.

Hainan Mining Co Inventory Turnover Related Terms

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

Hainan Mining Co (SHSE:601969) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Hainan Mining Co Ltd (SHSE:601969) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

Changjiang Li Autonomous County, Hainan Shilu, CHN

Website

http://www.hnmining.com

Hainan Mining Co Ltd is a China-based company engages in the business of iron ore mining. It offers a range of product that is lump ore, fine ore, and iron fine powder to iron and steel companies. It holds an interest in Shilu, a multi-metal and non-metallic mineral deposit located in China.

Hainan Mining Co (SHSE:601969) Headlines

No Headlines