Shenzhen Nanshan Power Co (SZSE:200037) Inventory Turnover : 1.98 (As of Sep. 2024)

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What is Shenzhen Nanshan Power 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. Shenzhen Nanshan Power Co's Cost of Goods Sold for the three months ended in Sep. 2024 was HK$183.6 Mil. Shenzhen Nanshan Power Co's Average Total Inventories for the quarter that ended in Sep. 2024 was HK$92.7 Mil. Shenzhen Nanshan Power Co's Inventory Turnover for the quarter that ended in Sep. 2024 was 1.98.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Shenzhen Nanshan Power Co's Days Inventory for the three months ended in Sep. 2024 was 46.04.

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. Shenzhen Nanshan Power Co's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 0.46.

Shenzhen Nanshan Power Co Inventory Turnover Historical Data

The historical data trend for Shenzhen Nanshan Power 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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Shenzhen Nanshan Power Co Inventory Turnover Chart

Shenzhen Nanshan Power Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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8.43

7.31

9.16

8.83

6.71

Shenzhen Nanshan Power Co Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Inventory Turnover	Get a 7-Day Free Trial															1.83	1.62	1.03	1.10	1.98

Shenzhen Nanshan Power Co Inventory Turnover Calculation

Shenzhen Nanshan Power 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 )
=	635.969	/ (	(95.232	+	94.238)	/	2 )
=	635.969	/	94.735
=	6.71

Shenzhen Nanshan Power Co's Inventory Turnover for the quarter that ended in Sep. 2024 is calculated as

	Inventory Turnover (Q: Sep. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2024 )	/ (	(Total Inventories (Q: Jun. 2024 )	+	Total Inventories (Q: Sep. 2024 ))	/	count )
=	183.617	/ (	(90.137	+	95.164)	/	2 )
=	183.617	/	92.6505
=	1.98

Shenzhen Nanshan Power Co (SZSE:200037) 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.

Shenzhen Nanshan Power Co's Days Inventory for the three months ended in Sep. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2024 )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
	=	92.6505	/	183.617	*	365 / 4
	=	46.04

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.

Shenzhen Nanshan Power Co's Inventory to Revenue for the quarter that ended in Sep. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2024 )	/	Revenue (Q: Sep. 2024 )
	=	92.6505	/	201.607
	=	0.46

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.

Shenzhen Nanshan Power Co Inventory Turnover Related Terms

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Shenzhen Nanshan Power Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Shenzhen Nanshan Power Co Ltd (SZSE:200037) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

000037:China

Address

OCT, Nanshan District, 16th-17th Floor, Hantang Building, Guangdong Province, Shenzhen, CHN, 518053

Website

http://www.nsrd.com.cn

Shenzhen Nanshan Power Co Ltd is engaged in power and thermal supply, as well as providing technical consulting and technical services for power stations. The company has two wholly-owned or holding gas turbine plants, which are equipped with seven sets of 9E gas-steam combined cycle power generating units. These two gas turbine plants are all located in the power load center of the Pearl River Delta area, which is the main peaking power source in their areas. Its segments include Power and Heat Supply, Fuel Oil Trade, and other business.

Executives

Yang Hai Xian	Director
Zhu Wei	Executives

Shenzhen Nanshan Power Co Headlines

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