Southgobi Resources (HKSE:01878) Inventory Turnover : 0.83 (As of Mar. 2024)

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What is Southgobi Resources 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. Southgobi Resources's Cost of Goods Sold for the three months ended in Mar. 2024 was HK$356 Mil. Southgobi Resources's Average Total Inventories for the quarter that ended in Mar. 2024 was HK$430 Mil. Southgobi Resources's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.83.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Southgobi Resources's Days Inventory for the three months ended in Mar. 2024 was 110.11.

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. Southgobi Resources's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.67.

Southgobi Resources Inventory Turnover Historical Data

The historical data trend for Southgobi Resources'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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Southgobi Resources Inventory Turnover Chart

Southgobi Resources Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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1.70

1.24

0.67

1.34

3.61

Southgobi Resources 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															0.82	0.98	1.16	0.80	0.83

Southgobi Resources Inventory Turnover Calculation

Southgobi Resources'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 )
=	1235.472	/ (	(271.165	+	413.349)	/	2 )
=	1235.472	/	342.257
=	3.61

Southgobi Resources's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

	Inventory Turnover (Q: Mar. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2024 )	/ (	(Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )
=	356.205	/ (	(413.349	+	446.318)	/	2 )
=	356.205	/	429.8335
=	0.83

Southgobi Resources (HKSE:01878) 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.

Southgobi Resources's Days Inventory for the three months ended in Mar. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2024 )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
	=	429.8335	/	356.205	*	365 / 4
	=	110.11

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.

Southgobi Resources's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	429.8335	/	642.808
	=	0.67

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.

Southgobi Resources Inventory Turnover Related Terms

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Southgobi Resources (HKSE:01878) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Other Energy Sources » Southgobi Resources Ltd (HKSE:01878) » Definitions » Inventory Turnover

Traded in Other Exchanges

SGQRF:USA SGQ:Canada

Address

355 Burrard Street, Suite 1150, Vancouver, BC, CAN, V6C 2G8

Website

https://www.southgobi.com

Southgobi Resources Ltd together with its subsidiaries is an integrated coal mining, development, and exploration company. Its reportable operating segment is its Coal Division which is principally engaged in coal mining, development, and exploration in Mongolia and logistics and trading of coal in Mongolia and China. The company also holds the mining and exploration licenses of other metallurgical and thermal coal deposits in the South Gobi Province of Mongolia. The company owns the following operating coal mine and coal projects in Mongolia: the Ovoot Tolgoi Mine, Zag Suuj Project, and the Soumber Project.

Executives

Meng Fa Neng Yuan Kong Gu Ji Tuan You Xian Ze Ren Gong Si	2201 Interest of corporation controlled by you
Gao Zhu	2201 Interest of corporation controlled by you
Land Grand International Holding Limited	2101 Beneficial owner
Inner Mongolia Tianyu Trading Limited	2201 Interest of corporation controlled by you
Jd Dingxing Limited	2201 Interest of corporation controlled by you
Jd Zhixing Fund L.p.	2101 Beneficial owner
Zhu Chonglin	2201 Interest of corporation controlled by you
An Yong	2201 Interest of corporation controlled by you
Inner Mongolia Yuxinsheng Technology Co., Ltd.	2201 Interest of corporation controlled by you
Inner Mongolia Tianyu Innovation Investment Group Co., Ltd.	2201 Interest of corporation controlled by you
Li Gang	2201 Interest of corporation controlled by you
Wei Hong Guo Ji Neng Yuan Ke Ji Bei Jing You Xian Gong Si	2201 Interest of corporation controlled by you
Nei Meng Gu Wei Hong Neng Yuan You Xian Ze Ren Gong Si	2201 Interest of corporation controlled by you
China Cinda (hk) Holdings Company Limited	2201 Interest of corporation controlled by you
China Cinda (hk) Asset Management Co., Limited	2101 Beneficial owner

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