China Titans Energy Technology Group Co (HKSE:02188) Inventory Turnover : 0.88 (As of Dec. 2023)

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What is China Titans Energy Technology Group 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. China Titans Energy Technology Group Co's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$191.6 Mil. China Titans Energy Technology Group Co's Average Total Inventories for the quarter that ended in Dec. 2023 was HK$217.5 Mil. China Titans Energy Technology Group Co's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.88.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. China Titans Energy Technology Group Co's Days Inventory for the six months ended in Dec. 2023 was 207.18.

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. China Titans Energy Technology Group Co's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.84.

China Titans Energy Technology Group Co Inventory Turnover Historical Data

The historical data trend for China Titans Energy Technology Group 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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China Titans Energy Technology Group Co Inventory Turnover Chart

China Titans Energy Technology Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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2.61

2.27

1.91

1.46

1.43

China Titans Energy Technology Group 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															1.01	0.57	0.88	0.47	0.88

China Titans Energy Technology Group Co Inventory Turnover Calculation

China Titans Energy Technology Group 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 )
=	291.464	/ (	(198.179	+	210.114)	/	2 )
=	291.464	/	204.1465
=	1.43

China Titans Energy Technology Group 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 )
=	191.566	/ (	(224.839	+	210.114)	/	2 )
=	191.566	/	217.4765
=	0.88

China Titans Energy Technology Group Co (HKSE:02188) 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.

China Titans Energy Technology Group 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
	=	217.4765	/	191.566	*	365 / 2
	=	207.18

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.

China Titans Energy Technology Group 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 )
	=	217.4765	/	257.46
	=	0.84

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.

China Titans Energy Technology Group Co Inventory Turnover Related Terms

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China Titans Energy Technology Group Co (HKSE:02188) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » China Titans Energy Technology Group Co Ltd (HKSE:02188) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

No. 60 Shihua Road West, Titans Science and Technology Park, Guangdong Province, Zhuhai, CHN, 519015

Website

https://www.titans.com.cn

China Titans Energy Technology Group Co Ltd is engaged in the supply of power electric products and equipment, the sales and leases of electric vehicles, the provision of charging services for electric vehicles, and construction services of charging poles for electric vehicles under Build-Operate-Transfer (BOT) arrangements. Its reporting segments are DC Power System; Charging Equipment; and Charging Services and Construction. The company generates majority of its revenue from the Charging Equipment segment. Its Charging Equipment segment is engaged in the manufacturing and sales of charging equipment for electric vehicles. Geographically, it operates in the PRC.

Executives

Li Xin Qing	2101 Beneficial owner
Zeng Zhen	2202 Interest of your spouse
An Wei	2101 Beneficial owner
Yan Kai	2202 Interest of your spouse
Li Xiao Bin	2101 Beneficial owner
Zhang Lina	2202 Interest of your spouse
Genius Mind Enterprises Limited
Great Passion International Limited
Honor Boom Investments Limited
Tang Shan Shi Ren Min Zheng Fu Guo You Zi Chan Jian Du Guan Li Wei Yuan Hui	2201 Interest of corporation controlled by you
Lu Chuping	2201 Interest of corporation controlled by you
Zhong Shan Da Yang Dian Ji Gu Fen You Xian Gong Si	2201 Interest of corporation controlled by you
Da Yang Dian Ji Xiang Gang You Xian Gong Si	2101 Beneficial owner

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