Irico Group New Energy Co (HKSE:00438) Inventory Turnover : 5.85 (As of Dec. 2023)

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What is Irico Group New Energy 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. Irico Group New Energy Co's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$1,823 Mil. Irico Group New Energy Co's Average Total Inventories for the quarter that ended in Dec. 2023 was HK$312 Mil. Irico Group New Energy Co's Inventory Turnover for the quarter that ended in Dec. 2023 was 5.85.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Irico Group New Energy Co's Days Inventory for the six months ended in Dec. 2023 was 31.20.

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. Irico Group New Energy Co's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.15.

Irico Group New Energy Co Inventory Turnover Historical Data

The historical data trend for Irico Group New Energy 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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Irico Group New Energy Co Inventory Turnover Chart

Irico Group New Energy Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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12.12

12.44

8.10

6.98

9.88

Irico Group New Energy Co 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															3.71	4.12	4.12	3.58	5.85

Irico Group New Energy Co Inventory Turnover Calculation

Irico Group New Energy 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 )
=	3202.237	/ (	(398.072	+	250.348)	/	2 )
=	3202.237	/	324.21
=	9.88

Irico Group New Energy Co'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 )
=	1823.414	/ (	(373.195	+	250.348)	/	2 )
=	1823.414	/	311.7715
=	5.85

Irico Group New Energy Co (HKSE:00438) 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.

Irico Group New Energy Co'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
	=	311.7715	/	1823.414	*	365 / 2
	=	31.20

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.

Irico Group New Energy Co'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 )
	=	311.7715	/	2032.115
	=	0.15

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.

Irico Group New Energy Co Inventory Turnover Related Terms

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Irico Group New Energy Co (HKSE:00438) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Irico Group New Energy Co Ltd (HKSE:00438) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 1 Caihong Road, Qingdu District, Shaanxi Province, Xianyang, CHN, 712021

Website

http://www.irico.com.cn/en

Irico Group New Energy Co Ltd is mainly engaged in the solar photovoltaic business. It operates through the following segments: Solar photovoltaic & module business segment, and Others. The majority of its revenue is derived from Solar Photovoltaic, which includes Solar photovoltaic glass, Solar photovoltaic modules, Solar photovoltaic power stations, and Quartz sand business. Its geographical segments are China (excluding Hong Kong), Hong Kong, and Other countries, of which the majority of its revenue comes from China.

Executives

Xian Yang Zhong Dian Cai Hong Ji Tuan Kong Gu You Xian Gong Si	2101 Beneficial owner
Zhong Dian Jin Tou Kong Gu You Xian Gong Si	2101 Beneficial owner
Zhong Guo Dian Zi Xin Xi Chan Ye Ji Tuan You Xian Gong Si	2201 Interest of corporation controlled by you
Cai Hong Ji Tuan You Xian Gong Si	2201 Interest of corporation controlled by you
Hua An Ji Jin Guan Li You Xian Gong Si	2501 Other
Hua An Ji Jin Xin Cheng Dan Yi Zi Chan Guan Li Ji Hua	2501 Other
He Fei Xin Cheng Guo You Zi Chan Jing Ying You Xian Gong Si	2501 Other
Pactera Technologies Na, Inc	2201 Interest of corporation controlled by you

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