Hunan Heshun Petroleum Co (SHSE:603353) Inventory Turnover : 2.60 (As of Sep. 2024)

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What is Hunan Heshun Petroleum 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. Hunan Heshun Petroleum Co's Cost of Goods Sold for the three months ended in Sep. 2024 was ¥689 Mil. Hunan Heshun Petroleum Co's Average Total Inventories for the quarter that ended in Sep. 2024 was ¥265 Mil. Hunan Heshun Petroleum Co's Inventory Turnover for the quarter that ended in Sep. 2024 was 2.60.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Hunan Heshun Petroleum Co's Days Inventory for the three months ended in Sep. 2024 was 35.07.

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. Hunan Heshun Petroleum Co's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 0.35.

Hunan Heshun Petroleum Co Inventory Turnover Historical Data

The historical data trend for Hunan Heshun Petroleum 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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Hunan Heshun Petroleum Co Inventory Turnover Chart

Hunan Heshun Petroleum Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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19.29

19.15

46.28

21.60

11.71

Hunan Heshun Petroleum 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															3.15	0.94	2.34	1.54	2.60

Hunan Heshun Petroleum Co Inventory Turnover Calculation

Hunan Heshun Petroleum 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 )
=	2956.359	/ (	(228.142	+	276.697)	/	2 )
=	2956.359	/	252.4195
=	11.71

Hunan Heshun Petroleum 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 )
=	688.963	/ (	(278.92	+	250.665)	/	2 )
=	688.963	/	264.7925
=	2.60

Hunan Heshun Petroleum Co (SHSE:603353) 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.

Hunan Heshun Petroleum 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
	=	264.7925	/	688.963	*	365 / 4
	=	35.07

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.

Hunan Heshun Petroleum 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 )
	=	264.7925	/	754.799
	=	0.35

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.

Hunan Heshun Petroleum Co Inventory Turnover Related Terms

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Hunan Heshun Petroleum Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Hunan Heshun Petroleum Co Ltd (SHSE:603353) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Wanjiali Middle Road, Heshun Building, No. 58 Section 2, Yuhua District, Hunan Province, Changsha, CHN, 410016

Website

http://www.hnhsjt.com

Hunan Heshun Petroleum Co Ltd is engaged in the wholesale and retail of gasoline and diesel, gas station and convenience store operations, refined oil storage, refined oil logistics distribution, and investment and construction of gas stations and oil depots.

Executives

Yu Mei Ling	senior management
Ceng Yue	senior management
Wu Li Yu	Director
Long Xiao Zhen	Director
Zhao Xiong	Director

Hunan Heshun Petroleum Co Headlines

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