Jinchuan Group International Resources Co (HKSE:02362) Inventory Turnover : 2.07 (As of Dec. 2023)

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What is Jinchuan Group International Resources 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. Jinchuan Group International Resources Co's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$2,104 Mil. Jinchuan Group International Resources Co's Average Total Inventories for the quarter that ended in Dec. 2023 was HK$1,018 Mil. Jinchuan Group International Resources Co's Inventory Turnover for the quarter that ended in Dec. 2023 was 2.07.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Jinchuan Group International Resources Co's Days Inventory for the six months ended in Dec. 2023 was 88.30.

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. Jinchuan Group International Resources Co's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.42.

Jinchuan Group International Resources Co Inventory Turnover Historical Data

The historical data trend for Jinchuan Group International Resources 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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Jinchuan Group International Resources Co Inventory Turnover Chart

Jinchuan Group International Resources Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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2.14

2.25

2.74

4.59

4.83

Jinchuan Group International Resources 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															1.65	1.53	1.82	2.25	2.07

Jinchuan Group International Resources Co Inventory Turnover Calculation

Jinchuan Group International Resources 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 )
=	4436.833	/ (	(939.207	+	899.267)	/	2 )
=	4436.833	/	919.237
=	4.83

Jinchuan Group International Resources 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 )
=	2103.866	/ (	(1136.56	+	899.267)	/	2 )
=	2103.866	/	1017.9135
=	2.07

Jinchuan Group International Resources Co (HKSE:02362) 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.

Jinchuan Group International Resources 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
	=	1017.9135	/	2103.866	*	365 / 2
	=	88.30

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.

Jinchuan Group International Resources 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 )
	=	1017.9135	/	2434.666
	=	0.42

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.

Jinchuan Group International Resources Co Inventory Turnover Related Terms

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Jinchuan Group International Resources Co (HKSE:02362) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Jinchuan Group International Resources Co Ltd (HKSE:02362) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

JGRRF:USA GDZD:Germany

Address

95 Queensway, Unit 3101, 31st Floor, United Centre, Hong Kong, HKG

Website

http://www.jinchuan-intl.com

Jinchuan Group International Resources Co Ltd, through its subsidiaries, is engaged in mining operations including the production of copper and cobalt. The group's mining operations include two operating mines (Ruashi Mine and Kinsenda Mine), one project at the development stage (Musonoi Project), one exploration project (Lubembe Project), and one mine leased out under a finance lease agreement (Chibuluma South Mine (including Chifupu Deposit)). Geographically, it derives a majority of its revenue from Hong Kong.

Executives

Jin Chuan Ji Tuan Gu Fen You Xian Gong Si	2101 Beneficial owner
Gan Su Sheng Xin Ye Zi Chan Jing Ying You Xian Ze Ren Gong Si	2101 Beneficial owner
Gan Su Sheng Jing Ji He Zuo Zong Gong Si	2101 Beneficial owner

Jinchuan Group International Resources Co (HKSE:02362) Headlines

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