China Zenith Chemical Group (HKSE:00362) Inventory Turnover : 2.66 (As of Dec. 2023)

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What is China Zenith Chemical Group 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. China Zenith Chemical Group's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$17.38 Mil. China Zenith Chemical Group's Average Total Inventories for the quarter that ended in Dec. 2023 was HK$6.54 Mil. China Zenith Chemical Group's Inventory Turnover for the quarter that ended in Dec. 2023 was 2.66.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. China Zenith Chemical Group's Days Inventory for the six months ended in Dec. 2023 was 68.65.

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. China Zenith Chemical Group's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.26.

China Zenith Chemical Group Inventory Turnover Historical Data

The historical data trend for China Zenith Chemical Group'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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China Zenith Chemical Group Inventory Turnover Chart

China Zenith Chemical Group Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Inventory Turnover

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7.46

7.68

26.99

11.90

8.71

China Zenith Chemical Group Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															6.08	2.03	6.85	3.04	2.66

China Zenith Chemical Group Inventory Turnover Calculation

China Zenith Chemical Group's Inventory Turnover for the fiscal year that ended in Jun. 2023 is calculated as

	Inventory Turnover (A: Jun. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Jun. 2023 )	/ (	(Total Inventories (A: Jun. 2022 )	+	Total Inventories (A: Jun. 2023 ))	/	count )
=	105.947	/ (	(22.197	+	2.125)	/	2 )
=	105.947	/	12.161
=	8.71

China Zenith Chemical Group's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

	Inventory Turnover (Q: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2023 )	/ (	(Total Inventories (Q: Jun. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	17.376	/ (	(2.125	+	10.948)	/	2 )
=	17.376	/	6.5365
=	2.66

China Zenith Chemical Group (HKSE:00362) 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.

China Zenith Chemical Group's Days Inventory for the six 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
	=	6.5365	/	17.376	*	365 / 2
	=	68.65

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.

China Zenith Chemical Group's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	6.5365	/	24.733
	=	0.26

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.

China Zenith Chemical Group Inventory Turnover Related Terms

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China Zenith Chemical Group (HKSE:00362) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » China Zenith Chemical Group Ltd (HKSE:00362) » Definitions » Inventory Turnover

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Traded in Other Exchanges

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Address

26 Harbour Road, Room 4007, 40th Floor, China Resources Building, Wanchai, Hong Kong, HKG

Website

http://www.chinazenith.com.hk

China Zenith Chemical Group Ltd is an investment holding company which is engaged in the generation and supply of heat and power. The company's operating segments are Heat and power, Chemical products for agriculture, Calcium carbide, and Construction services. It generates maximum revenue from the Calcium carbide segment. The Calcium carbide segment is engaged in manufacture and sale of calcium carbide and lime powder. Geographically, it derives revenue from the People's Republic of China.

Executives

Cheung Hung	2101 Beneficial owner
Zhong Kuang Lian He Kong Gu Ji Tuan You Xian Gong Si	2101 Beneficial owner
Chiau Che Kong	2101 Beneficial owner
Tang Yiduan	2101 Beneficial owner
Chin Chun Hin	2101 Beneficial owner
Chan Yuen Tung	2101 Beneficial owner
Cheng Ka Kui Arnold	2101 Beneficial owner
Cha Jung Hoon	2101 Beneficial owner
Sze Ching Lau

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