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Shandong Gold Mining Co (HKSE:01787) Inventory-to-Revenue : 0.49 (As of Dec. 2023)


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What is Shandong Gold Mining Co Inventory-to-Revenue?

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. Shandong Gold Mining Co's Average Total Inventories for the quarter that ended in Dec. 2023 was HK$9,514 Mil. Shandong Gold Mining Co's Revenue for the three months ended in Dec. 2023 was HK$19,636 Mil. Shandong Gold Mining Co's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.49.

Shandong Gold Mining Co's Inventory-to-Revenue for the quarter that ended in Dec. 2023 declined from Sep. 2023 (0.51) to Sep. 2023 (0.49)

A decrease in the Inventory-to-Revenue from one quarter to next indicates that one of these is occurring:

1. investment in inventory is shrinking in relation to revenue
2. revenue are increasing
No matter which situation is causing the reduction in the Inventory-to-Revenue, either one suggests that business's inventory levels and its cash flow are effectively managed.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Shandong Gold Mining Co's Days Inventory for the three months ended in Dec. 2023 was 55.21.

Inventory Turnover measures how fast the company turns over its inventory within a year. Shandong Gold Mining Co's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.65.


Shandong Gold Mining Co Inventory-to-Revenue Historical Data

The historical data trend for Shandong Gold Mining Co's Inventory-to-Revenue 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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Shandong Gold Mining Co Inventory-to-Revenue Chart

Shandong Gold Mining Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Inventory-to-Revenue
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.06 0.05 0.09 0.07 0.11

Shandong Gold Mining Co Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Inventory-to-Revenue Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.45 0.35 0.37 0.51 0.49

Competitive Comparison of Shandong Gold Mining Co's Inventory-to-Revenue

For the Gold subindustry, Shandong Gold Mining Co's Inventory-to-Revenue, along with its competitors' market caps and Inventory-to-Revenue data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Shandong Gold Mining Co's Inventory-to-Revenue Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Shandong Gold Mining Co's Inventory-to-Revenue distribution charts can be found below:

* The bar in red indicates where Shandong Gold Mining Co's Inventory-to-Revenue falls into.



Shandong Gold Mining Co Inventory-to-Revenue Calculation

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.

Shandong Gold Mining Co's Inventory-to-Revenue for the fiscal year that ended in Dec. 2023 is calculated as

Inventory-to-Revenue (A: Dec. 2023 )
=Average Total Inventories / Revenue
=( (Total Inventories (A: Dec. 2022 ) + Total Inventories (A: Dec. 2023 )) / count ) / Revenue (A: Dec. 2023 )
=( (4569.909 + 9677.807) / 2 ) / 64834.044
=7123.858 / 64834.044
=0.11

Shandong Gold Mining Co's Inventory-to-Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue (Q: Dec. 2023 )
=Average Total Inventories / Revenue
=( (Total Inventories (Q: Sep. 2023 ) + Total Inventories (Q: Dec. 2023 )) / count ) / Revenue (Q: Dec. 2023 )
=( (9349.809 + 9677.807) / 2 ) / 19635.702
=9513.808 / 19635.702
=0.48

* 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.


Shandong Gold Mining Co  (HKSE:01787) Inventory-to-Revenue Explanation

An increase in Inventory-to-Revenue from one quarter to the next indicates that one of the following is happening:

1. investment in inventory is growing more rapidly than revenue
2. revenue are dropping
No matter which situation is causing the problem, an increase in the Inventory-to-Revenue may signal an oncoming cash flow problem.

Likewise, a decrease in the Inventory-to-Revenue from one quarter to next indicates that one of these is occurring:

1. investment in inventory is shrinking in relation to revenue
2. revenue are increasing
No matter which situation is causing the reduction in the Inventory-to-Revenue, either one suggests that business's inventory levels and its cash flow are effectively managed.

More Related Terms:

1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Shandong Gold Mining Co's Days Inventory for the three months ended in Dec. 2023 is calculated as:

Days Inventory=Average Total Inventories (Q: Dec. 2023 )/Cost of Goods Sold (Q: Dec. 2023 )*Days in Period
=9513.808/15723.562*365 / 4
=55.21

2. Inventory Turnover measures how fast the company turns over its inventory within a year.

Shandong Gold Mining Co's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

Inventory Turnover=Cost of Goods Sold (Q: Dec. 2023 ) / Average Total Inventories (Q: Dec. 2023 )
=15723.562 / 9513.808
=1.65

* 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.


Shandong Gold Mining Co Inventory-to-Revenue Related Terms

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Shandong Gold Mining Co (HKSE:01787) Business Description

Traded in Other Exchanges
Address
No. 2503 Jingshi Road, Licheng District, Shandong Province, Jinan, CHN, 250107
Shandong Gold Mining Co Ltd is a China-based company engaged in the exploration, mining, and smelting of gold mines. It is also engaged in the purification, processing, manufacturing, and distribution of precious metal, nonferrous metal products, and gold jewelry. The operating segments of the company are Gold Mining, Gold Refining, and Investment Management. It derives key revenue from the Gold Refining segment which involves the production and sales of gold. The group operates in the PRC and Outside PRC, of which most of the revenue is from the PRC.

Shandong Gold Mining Co (HKSE:01787) Headlines

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