Xinjiang Xintai Natural Gas Co (SHSE:603393) Inventory Turnover : 23.83 (As of Mar. 2024)

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What is Xinjiang Xintai Natural Gas 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. Xinjiang Xintai Natural Gas Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥705 Mil. Xinjiang Xintai Natural Gas Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥30 Mil. Xinjiang Xintai Natural Gas Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 23.83.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Xinjiang Xintai Natural Gas Co's Days Inventory for the three months ended in Mar. 2024 was 3.83.

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. Xinjiang Xintai Natural Gas Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.03.

Xinjiang Xintai Natural Gas Co Inventory Turnover Historical Data

The historical data trend for Xinjiang Xintai Natural Gas 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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Xinjiang Xintai Natural Gas Co Inventory Turnover Chart

Xinjiang Xintai Natural Gas Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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54.87

51.91

54.13

60.53

65.92

Xinjiang Xintai Natural Gas 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															19.02	16.76	12.10	15.22	23.83

Xinjiang Xintai Natural Gas Co Inventory Turnover Calculation

Xinjiang Xintai Natural Gas 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 )
=	1847.721	/ (	(27.088	+	28.974)	/	2 )
=	1847.721	/	28.031
=	65.92

Xinjiang Xintai Natural Gas 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 )
=	704.594	/ (	(28.974	+	30.172)	/	2 )
=	704.594	/	29.573
=	23.83

Xinjiang Xintai Natural Gas Co (SHSE:603393) 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.

Xinjiang Xintai Natural Gas 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
	=	29.573	/	704.594	*	365 / 4
	=	3.83

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.

Xinjiang Xintai Natural Gas 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 )
	=	29.573	/	1131.147
	=	0.03

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.

Xinjiang Xintai Natural Gas Co Inventory Turnover Related Terms

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Xinjiang Xintai Natural Gas Co (SHSE:603393) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Xinjiang Xintai Natural Gas Co Ltd (SHSE:603393) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

No 179 Aletai Road Zhizhusshan, Floor 1 Building 25, Urumqi High-tech Industrial Development Zone, Urumqi, CHN, 830011

Website

http://www.xjxtrq.com

Xinjiang Xintai Natural Gas Co Ltd produces and supplies natural gas and liquefied gas in China. It also provides compressed natural gas, industrial gas, urban residents use gas, commercial gas, and heating gas, as well as operates a pipeline and CNG filling station.

Executives

Ming Zai Yuan	Director
Ming Shang Yuan	Director

Xinjiang Xintai Natural Gas Co (SHSE:603393) Headlines

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