Pangang Group Vanadium & Titanium Resources Co (SZSE:000629) Inventory Turnover : 3.09 (As of Mar. 2024)

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What is Pangang Group Vanadium & Titanium Resources 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. Pangang Group Vanadium & Titanium Resources Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥3,297 Mil. Pangang Group Vanadium & Titanium Resources Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥1,068 Mil. Pangang Group Vanadium & Titanium Resources Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 3.09.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Pangang Group Vanadium & Titanium Resources Co's Days Inventory for the three months ended in Mar. 2024 was 29.56.

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. Pangang Group Vanadium & Titanium Resources Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.30.

Pangang Group Vanadium & Titanium Resources Co Inventory Turnover Historical Data

The historical data trend for Pangang Group Vanadium & Titanium Resources 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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Pangang Group Vanadium & Titanium Resources Co Inventory Turnover Chart

Pangang Group Vanadium & Titanium Resources Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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11.38

10.38

10.85

11.99

11.79

Pangang Group Vanadium & Titanium Resources 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															3.58	3.56	3.48	2.73	3.09

Pangang Group Vanadium & Titanium Resources Co Inventory Turnover Calculation

Pangang Group Vanadium & Titanium Resources 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 )
=	12308.718	/ (	(985.026	+	1103.506)	/	2 )
=	12308.718	/	1044.266
=	11.79

Pangang Group Vanadium & Titanium Resources 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 )
=	3296.609	/ (	(1103.506	+	1032.426)	/	2 )
=	3296.609	/	1067.966
=	3.09

Pangang Group Vanadium & Titanium Resources Co (SZSE:000629) 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.

Pangang Group Vanadium & Titanium Resources 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
	=	1067.966	/	3296.609	*	365 / 4
	=	29.56

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.

Pangang Group Vanadium & Titanium Resources 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 )
	=	1067.966	/	3586.292
	=	0.30

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.

Pangang Group Vanadium & Titanium Resources Co Inventory Turnover Related Terms

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Pangang Group Vanadium & Titanium Resources Co (SZSE:000629) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Pangang Group Vanadium & Titanium Resources Co Ltd (SZSE:000629) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

West Section of Gangcheng Avenue, Panzhihua Culture Square, No. 21, East District, Sichuan Province, Panzhihua, CHN, 617067

Website

http://www.pgvt.cn

Pangang Group Vanadium Titanium & Resources Co Ltd is engaged in manufacturing and distributing vanadium pentoxide, vanadium iron, high-vanadium iron, vanadium trioxide, vanadium nitrogen alloy, titanium dioxide, and titanium dioxide. The company products are used in steel, chemical, military, electronics, and other industries.

Executives

Zhang Yu Dong	Supervisors
Xie Zheng Min	Executives
Liu Jie	Director
Zheng Yong Xiong	Supervisors
Du Si Hong	Executives
Zhang Da De	Director
Wang Zhang Min	Executives
Zhang Zhi Jie	Supervisors
Sun Ren Xiao	Director
Tian Ye	Director
Liu Jun	Executives
Xue Pei Hua	Executives
Xue Shi Cheng	Director
Jiao Jing Min	Executives
Liu Xin Hui	Supervisors

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