Hunan Airbluer Environmental Protection Technology Co (SZSE:301259) Inventory Turnover : 1.03 (As of Mar. 2024)

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What is Hunan Airbluer Environmental Protection 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. Hunan Airbluer Environmental Protection Technology Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥19.1 Mil. Hunan Airbluer Environmental Protection Technology Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥18.5 Mil. Hunan Airbluer Environmental Protection Technology Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.03.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Hunan Airbluer Environmental Protection Technology Co's Days Inventory for the three months ended in Mar. 2024 was 88.23.

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 Airbluer Environmental Protection Technology Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.76.

Hunan Airbluer Environmental Protection Technology Co Inventory Turnover Historical Data

The historical data trend for Hunan Airbluer Environmental Protection 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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Hunan Airbluer Environmental Protection Technology Co Inventory Turnover Chart

Hunan Airbluer Environmental Protection Technology Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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2.51

7.94

92.95

55.75

12.45

Hunan Airbluer Environmental Protection Technology Co Quarterly Data
	Dec18	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															8.76	9.19	2.54	2.06	1.03

Hunan Airbluer Environmental Protection Technology Co Inventory Turnover Calculation

Hunan Airbluer Environmental Protection 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 )
=	134.666	/ (	(4.659	+	16.976)	/	2 )
=	134.666	/	10.8175
=	12.45

Hunan Airbluer Environmental Protection 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 )
=	19.147	/ (	(16.976	+	20.049)	/	2 )
=	19.147	/	18.5125
=	1.03

Hunan Airbluer Environmental Protection Technology Co (SZSE:301259) 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 Airbluer Environmental Protection 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
	=	18.5125	/	19.147	*	365 / 4
	=	88.23

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 Airbluer Environmental Protection 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 )
	=	18.5125	/	24.358
	=	0.76

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 Airbluer Environmental Protection Technology Co Inventory Turnover Related Terms

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Hunan Airbluer Environmental Protection Technology Co (SZSE:301259) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Hunan Airbluer Environmental Protection Technology Co Ltd (SZSE:301259) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 8 Lutian Road, Unit 2030, Building 5, Oak Garden, High-tech Development Zone, Hunan Provinc, Changsha, CHN, 410205

Website

http://www.airbluer.cn

Hunan Airbluer Environmental Protection Technology Co Ltd is committed to solving sewage, solid waste, soil pollution and ecological problems in agriculture and rural areas, and develops rural domestic sewage treatment, domestic waste treatment, rural water ecology and industrial and mining.

Executives

Yin Ming Kun	Directors, Directors, and Executives
You Jian Jun	Directors, executives

Hunan Airbluer Environmental Protection Technology Co (SZSE:301259) Headlines

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