Moon Environment Technology Co (SZSE:000811) Inventory Turnover : 0.96 (As of Mar. 2024)

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What is Moon Environment Technology 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. Moon Environment Technology Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥1,242 Mil. Moon Environment Technology Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥1,295 Mil. Moon Environment Technology Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.96.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Moon Environment Technology Co's Days Inventory for the three months ended in Mar. 2024 was 95.19.

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. Moon Environment Technology Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.79.

Moon Environment Technology Co Inventory Turnover Historical Data

The historical data trend for Moon Environment Technology 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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Moon Environment Technology Co Inventory Turnover Chart

Moon Environment Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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3.77

4.18

4.51

3.67

3.93

Moon Environment Technology 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															0.86	1.12	1.00	1.07	0.96

Moon Environment Technology Co Inventory Turnover Calculation

Moon Environment Technology 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 )
=	5580.058	/ (	(1424.57	+	1414.86)	/	2 )
=	5580.058	/	1419.715
=	3.93

Moon Environment Technology 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 )
=	1241.674	/ (	(1414.86	+	1175.821)	/	2 )
=	1241.674	/	1295.3405
=	0.96

Moon Environment Technology Co (SZSE:000811) 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.

Moon Environment Technology 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
	=	1295.3405	/	1241.674	*	365 / 4
	=	95.19

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.

Moon Environment Technology 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 )
	=	1295.3405	/	1635.333
	=	0.79

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.

Moon Environment Technology Co Inventory Turnover Related Terms

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Moon Environment Technology Co (SZSE:000811) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Moon Environment Technology Co Ltd (SZSE:000811) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 1, Binglun Road, Shandong Province, Yantai, CHN

Website

http://www.moon-tech.com/

Moon Environment Technology Co Ltd operates in the refrigeration and air-conditioning industry. It is primarily involved in research and development, and manufacturing of industrial refrigeration, commercial refrigeration, and central air conditioner. The products offered by the group include refrigeration equipment, food processing equipment, auxiliary refrigeration equipment, cold storage panel, gas compression equipment. Geographically the business activities are carried out through China.

Executives

Liu Xi Jun	Independent director
Yu Jing	Supervisors
Ge Yun Jiang	Executives
Gao Feng	Director
Wu Li Li	Executives
Yu Zhi Qiang	Executives
Li Zeng Qun	Director
Sun Xiu Xin	Secretary Dong
Lu Shao Bin	Directors, executives
Chen Dian Xin	Director
Wang Xu Guang	Supervisors
Dong Da Wen	Supervisors
Wang Qin Bo	Executives
Jiao Yu Xue	Executives
Shu Jian Guo	Executives

Moon Environment Technology Co (SZSE:000811) Headlines

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