Hunan Silver Co (SZSE:002716) Inventory Turnover : 1.02 (As of Mar. 2024)

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What is Hunan Silver 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 Silver Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥1,569 Mil. Hunan Silver Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥1,538 Mil. Hunan Silver Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.02.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Hunan Silver Co's Days Inventory for the three months ended in Mar. 2024 was 89.43.

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 Silver Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.97.

Hunan Silver Co Inventory Turnover Historical Data

The historical data trend for Hunan Silver 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 Silver Co Inventory Turnover Chart

Hunan Silver Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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1.94

1.18

2.63

2.84

3.54

Hunan Silver 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															0.90	0.69	1.05	1.08	1.02

Hunan Silver Co Inventory Turnover Calculation

Hunan Silver 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 )
=	5050.973	/ (	(1169.785	+	1685.601)	/	2 )
=	5050.973	/	1427.693
=	3.54

Hunan Silver 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 )
=	1568.826	/ (	(1685.601	+	1389.511)	/	2 )
=	1568.826	/	1537.556
=	1.02

Hunan Silver Co (SZSE:002716) 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 Silver 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
	=	1537.556	/	1568.826	*	365 / 4
	=	89.43

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 Silver 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 )
	=	1537.556	/	1588.403
	=	0.97

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 Silver Co Inventory Turnover Related Terms

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Hunan Silver Co (SZSE:002716) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Hunan Silver Co Ltd (SZSE:002716) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

No. 680, Nanling Avenue, Jingui Building, Beihu District, Hunan Province, Chenzhou, CHN

Website

http://www.jingui-silver.com

Chenzhou City Jingui Silver Industry Co Ltd is a Chinese company engaged in the production and operation of silver and deep processing of silver. The company has the silver smelting and deep processing technology through which it produces silver products and other metals. The company offers silver nitrate, tellurium, gold, indium, copper, bismuth, antimony ingot, zinc and lead ingots.

Executives

Liu Cheng Meng	Directors, executives
Meng Jian Yi	Executives
Cao Yong De	Directors, executives
Zhang Ping Xi	Directors, executives
Zhang Xiao Hui	Supervisors
Xu Jun	Director
Feng Yuan Fa	Supervisors
Ma Shui Rong	Supervisors
Xiong De Qiang	Executives
Chen Zhan Qi	Directors, executives
Cao Yong Gui	Director
Xie Zhao Feng	Executives
Tan Wen Qing	Independent director

Hunan Silver Co (SZSE:002716) Headlines

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