TIL Enviro (HKSE:01790) Inventory Turnover : 23.20 (As of Dec. 2023)

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What is TIL Enviro 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. TIL Enviro's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$35.2 Mil. TIL Enviro's Average Total Inventories for the quarter that ended in Dec. 2023 was HK$1.5 Mil. TIL Enviro's Inventory Turnover for the quarter that ended in Dec. 2023 was 23.20.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. TIL Enviro's Days Inventory for the six months ended in Dec. 2023 was 7.87.

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. TIL Enviro's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.02.

TIL Enviro Inventory Turnover Historical Data

The historical data trend for TIL Enviro'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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TIL Enviro Inventory Turnover Chart

TIL Enviro Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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366.87

90.14

27.59

38.76

35.03

TIL Enviro Semi-Annual Data
	Dec15	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Inventory Turnover	Get a 7-Day Free Trial										2.21	22.15	20.15	19.50	23.20

TIL Enviro Inventory Turnover Calculation

TIL Enviro'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 )
=	66.244	/ (	(1.961	+	1.821)	/	2 )
=	66.244	/	1.891
=	35.03

TIL Enviro'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 )
=	35.247	/ (	(1.218	+	1.821)	/	2 )
=	35.247	/	1.5195
=	23.20

TIL Enviro (HKSE:01790) 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.

TIL Enviro'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
	=	1.5195	/	35.247	*	365 / 2
	=	7.87

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.

TIL Enviro'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 )
	=	1.5195	/	79.518
	=	0.02

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.

TIL Enviro Inventory Turnover Related Terms

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TIL Enviro (HKSE:01790) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » TIL Enviro Ltd (HKSE:01790) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 233 Tianhe North Road, Unit 08, Level 61, CITIC Plaza, Tianhe District, Guangdong Province, Guangzhou, CHN, 510613

Website

http://www.tilenviro.com

TIL Enviro Ltd is a wastewater treatment service provider operating and managing wastewater treatment facilities. The company's business divisions include Wastewater treatment operation services, Recycle water supply operation services, Wastewater treatment construction services, and Finance income from service concession arrangement. Geographically, it generates a majority of its revenue from the People's Republic of China.

Executives

Cheong Sze Theng	2202 Interest of your spouse
Lee Li-may	2202 Interest of your spouse
Lgb (malaysia) Sdn. Bhd.	2201 Interest of corporation controlled by you
Lgb Group (hk) Limited	2201 Interest of corporation controlled by you
Lim Chee Meng	2103 Interests held jointly with another person
Lim Chin Sean	2103 Interests held jointly with another person
Sparkle Century Group Limited	2101 Beneficial owner

TIL Enviro (HKSE:01790) Headlines

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