Dongjiang Environmental Co (HKSE:00895) Inventory Turnover : 1.29 (As of Dec. 2023)

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What is Dongjiang Environmental 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. Dongjiang Environmental Co's Cost of Goods Sold for the three months ended in Dec. 2023 was HK$1,118 Mil. Dongjiang Environmental Co's Average Total Inventories for the quarter that ended in Dec. 2023 was HK$865 Mil. Dongjiang Environmental Co's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.29.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Dongjiang Environmental Co's Days Inventory for the three months ended in Dec. 2023 was 70.61.

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. Dongjiang Environmental Co's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.77.

Dongjiang Environmental Co Inventory Turnover Historical Data

The historical data trend for Dongjiang Environmental 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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Dongjiang Environmental Co Inventory Turnover Chart

Dongjiang Environmental Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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7.30

7.95

7.19

5.21

5.30

Dongjiang Environmental 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															1.13	1.39	1.15	1.29	0.99

Dongjiang Environmental Co Inventory Turnover Calculation

Dongjiang Environmental 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 )
=	4209.213	/ (	(725.546	+	863.894)	/	2 )
=	4209.213	/	794.72
=	5.30

Dongjiang Environmental 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: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	1117.732	/ (	(865.959	+	863.894)	/	2 )
=	1117.732	/	864.9265
=	1.29

Dongjiang Environmental Co (HKSE:00895) 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.

Dongjiang Environmental 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
	=	864.9265	/	1117.732	*	365 / 4
	=	70.61

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.

Dongjiang Environmental 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 )
	=	864.9265	/	1119.318
	=	0.77

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.

Dongjiang Environmental Co Inventory Turnover Related Terms

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Dongjiang Environmental Co (HKSE:00895) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Dongjiang Environmental Co Ltd (HKSE:00895) » Definitions » Inventory Turnover

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Traded in Other Exchanges

DGN:Germany 002672:China

Address

No. 9 Langshan Road, 1st Floor, 3rd Floor, North of 8th Floor, 9th-12th Floor, Dongjiang Environmental Building, North Zone of Hi-tech Industrial Park, Nanshan, Shenzhen, CHN

Website

https://www.dongjiang.com.cn

Dongjiang Environmental Co Ltd is an investment holding company principally engaged in waste treatment businesses. It operates in the following segments: Industrial waste recycling; Industrial waste treatment and disposal; Rare and precious metals recycling; Municipal waste treatment and disposal; Renewable energy utilization; Environmental engineering and services and others; as well as Household appliances dismantling.

Executives

Guang Dong Sheng Guang Cheng Zi Chan Jing Ying You Xian Gong Si	2201 Interest of corporation controlled by you
Jiang Su Hui Hong Chuang Ye Tou Zi You Xian Gong Si	2101 Beneficial owner
Jiang Su Su Hui Zi Chan Guan Li You Xian Gong Si	2201 Interest of corporation controlled by you

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