Hunan Gold (SZSE:002155) Inventory Turnover : 19.12 (As of Mar. 2024)

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What is Hunan Gold 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 Gold's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥7,376 Mil. Hunan Gold's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥386 Mil. Hunan Gold's Inventory Turnover for the quarter that ended in Mar. 2024 was 19.12.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Hunan Gold's Days Inventory for the three months ended in Mar. 2024 was 4.77.

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 Gold's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.05.

Hunan Gold Inventory Turnover Historical Data

The historical data trend for Hunan Gold'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 Gold Inventory Turnover Chart

Hunan Gold Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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24.11

30.60

40.87

49.95

66.71

Hunan Gold 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															13.62	14.06	12.38	11.58	19.12

Hunan Gold Inventory Turnover Calculation

Hunan Gold'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 )
=	21644.494	/ (	(307.559	+	341.358)	/	2 )
=	21644.494	/	324.4585
=	66.71

Hunan Gold'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 )
=	7375.735	/ (	(341.358	+	430.331)	/	2 )
=	7375.735	/	385.8445
=	19.12

Hunan Gold (SZSE:002155) 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 Gold'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
	=	385.8445	/	7375.735	*	365 / 4
	=	4.77

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 Gold'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 )
	=	385.8445	/	7818.319
	=	0.05

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 Gold Inventory Turnover Related Terms

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Hunan Gold (SZSE:002155) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Hunan Gold Corp Ltd (SZSE:002155) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

Furong Middle Road, 16th Floor, Jinyuan Hotel, Section 2, Yuhua District, Hunan, Changsha, CHN

Website

http://www.hngoldcorp.com

Hunan Gold Corp Ltd is a China-based company engaged in the exploration, mining, smelting, and processing of nonferrous metal. Its main products include gold, pure antimony, antimony oxide, ethylene glycol antimony and tungsten products. Its gold products include gold ingots and gold bars. The company distributes its products in domestic and overseas markets.

Executives

Huang Jian Qi	Executives
Chen Jian Quan	Directors, executives
Chen Fang Bin	Supervisors
Liu Yu Qiang	Independent director
Hu Chun Ming	Supervisors
Chen Gong Rong	Independent director
Chen Ze Lv	Director
Zhang Fan	Directors, executives
Liu Yong	Executives
Li Zhong Ping	Executives
Zhan Fei Qing	Executives
Li Xi Shan	Executives
Cui Wen	Executives
Zhu Ben Yuan	Supervisors
Xie Jian Long	Director

Hunan Gold (SZSE:002155) Headlines

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