Houpu Clean Energy Group Co (SZSE:300471) Inventory Turnover : 0.07 (As of Mar. 2024)

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What is Houpu Clean Energy Group 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. Houpu Clean Energy Group Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥33.6 Mil. Houpu Clean Energy Group Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥465.7 Mil. Houpu Clean Energy Group Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.07.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Houpu Clean Energy Group Co's Days Inventory for the three months ended in Mar. 2024 was 1,265.81.

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. Houpu Clean Energy Group Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 9.38.

Houpu Clean Energy Group Co Inventory Turnover Historical Data

The historical data trend for Houpu Clean Energy Group 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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Houpu Clean Energy Group Co Inventory Turnover Chart

Houpu Clean Energy Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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1.43

1.06

1.32

0.90

1.31

Houpu Clean Energy Group 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															0.18	0.33	0.20	0.55	0.07

Houpu Clean Energy Group Co Inventory Turnover Calculation

Houpu Clean Energy Group 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 )
=	734.941	/ (	(692.529	+	432.754)	/	2 )
=	734.941	/	562.6415
=	1.31

Houpu Clean Energy Group 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 )
=	33.574	/ (	(432.754	+	498.719)	/	2 )
=	33.574	/	465.7365
=	0.07

Houpu Clean Energy Group Co (SZSE:300471) 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.

Houpu Clean Energy Group 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
	=	465.7365	/	33.574	*	365 / 4
	=	1,265.81

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.

Houpu Clean Energy Group 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 )
	=	465.7365	/	49.639
	=	9.38

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.

Houpu Clean Energy Group Co Inventory Turnover Related Terms

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Houpu Clean Energy Group Co (SZSE:300471) Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Houpu Clean Energy Group Co Ltd (SZSE:300471) » Definitions » Inventory Turnover

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Traded in Other Exchanges

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Address

No. 599, Century City South Road, No. 3, Building 11, Building 6, High-tech Zone, Sichuan, Chengdu, CHN, 611731

Website

http://www.hqhop.com

Houpu Clean Energy Group Co Ltd is a clean energy solution provider. Its operates in five five business segments: high-end equipment integration for clean energy applications; operation and supervision platform based on Internet+, cloud computing, big data analysis; CRM-based, PLM-based Site operation and maintenance services; energy and chemical engineering consulting, survey, design, construction, installation, project management; clean energy equipment core components R & D (research and development) and manufacturing. Its product offerings include compressor control cabinet, gas supply system, barge LNG filling station, hydrogen station control system, hydrogenation machine, among others.

Executives

Wang Ji Wen	Directors, executives
Yu Xin	Supervisors
Hu Guan Ling	Secretary Dong
Guo Zhi Cheng	Executives
Zhong Xiao	Directors, executives
Wu Jun	Supervisors
Huang Ling	Executives
Jiang Tao	Directors, executives
Xiao Bin	Executives
Huang Tai Gang	Executives
Xia Cang Lan	Executives
Li Fan	Director
Wei Dai Qiang	Directors, executives

Houpu Clean Energy Group Co (SZSE:300471) Headlines

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