Towngas Smart Energy Co (HKSE:01083) Inventory Turnover : 11.70 (As of Dec. 2023)

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What is Towngas Smart 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. Towngas Smart Energy Co's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$7,601 Mil. Towngas Smart Energy Co's Average Total Inventories for the quarter that ended in Dec. 2023 was HK$649 Mil. Towngas Smart Energy Co's Inventory Turnover for the quarter that ended in Dec. 2023 was 11.70.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Towngas Smart Energy Co's Days Inventory for the six months ended in Dec. 2023 was 15.59.

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. Towngas Smart Energy Co's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.07.

Towngas Smart Energy Co Inventory Turnover Historical Data

The historical data trend for Towngas Smart 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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Towngas Smart Energy Co Inventory Turnover Chart

Towngas Smart Energy Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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15.32

14.21

18.19

22.37

23.80

Towngas Smart 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															10.06	11.27	11.19	10.81	11.70

Towngas Smart Energy Co Inventory Turnover Calculation

Towngas Smart 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 )
=	15124.809	/ (	(682.235	+	588.608)	/	2 )
=	15124.809	/	635.4215
=	23.80

Towngas Smart 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 )
=	7600.595	/ (	(710.139	+	588.608)	/	2 )
=	7600.595	/	649.3735
=	11.70

Towngas Smart Energy Co (HKSE:01083) 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.

Towngas Smart 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
	=	649.3735	/	7600.595	*	365 / 2
	=	15.59

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.

Towngas Smart 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 )
	=	649.3735	/	9958.8
	=	0.07

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.

Towngas Smart Energy Co Inventory Turnover Related Terms

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Towngas Smart Energy Co (HKSE:01083) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Towngas Smart Energy Co Ltd (HKSE:01083) » Definitions » Inventory Turnover

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PGJ:Germany

Address

363 Java Road, North Point, 23rd Floor, Hong Kong, HKG

Website

https://www.towngaschina.com

Towngas Smart Energy Co Ltd is an investment holding company engaged in the sales of pipe gas and other types of energy, the construction of gas pipelines, the sale of gas appliances and related products, and other value-added services in the People's Republic of China. It has three operating segments; Sales of piped gas and energy including Sales of piped gas (mainly natural gas) and other types of energy, Gas connection include Construction of gas pipeline networks under gas connection contracts, and Extended business including Sales of gas-related household appliances and related products, and other related value-added services.

Executives

Henderson Development Limited	2201 Interest of corporation controlled by you
Planwise Properties Limited	2101 Beneficial owner
Towngas Investment Company Limited	2201 Interest of corporation controlled by you
Lee Ka Kit	2501 Other
Lee Shau Kee	2201 Interest of corporation controlled by you
Faxson Investment Limited	2201 Interest of corporation controlled by you
Towngas International Company Limited	2201 Interest of corporation controlled by you
Hong Kong & China Gas (china) Limited	2101 Beneficial owner
The Hong Kong And China Gas Company Limited	2201 Interest of corporation controlled by you
Rimmer (cayman) Limited	2301 Trustee
Riddick (cayman) Limited	2301 Trustee
Hopkins (cayman) Limited	2201 Interest of corporation controlled by you
Henderson Land Development Company Limited	2201 Interest of corporation controlled by you
Industrial And Commercial Bank Of China Limited	2201 Interest of corporation controlled by you
Tang Kok Yew	2201 Interest of corporation controlled by you

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