Perennial Energy Holdings (HKSE:02798) Inventory Turnover : 8.04 (As of Dec. 2023)

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What is Perennial Energy Holdings 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. Perennial Energy Holdings's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$482 Mil. Perennial Energy Holdings's Average Total Inventories for the quarter that ended in Dec. 2023 was HK$60 Mil. Perennial Energy Holdings's Inventory Turnover for the quarter that ended in Dec. 2023 was 8.04.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Perennial Energy Holdings's Days Inventory for the six months ended in Dec. 2023 was 22.69.

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. Perennial Energy Holdings's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.05.

Perennial Energy Holdings Inventory Turnover Historical Data

The historical data trend for Perennial Energy Holdings'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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Perennial Energy Holdings Inventory Turnover Chart

Perennial Energy Holdings Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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20.17

30.12

15.65

12.63

14.24

Perennial Energy Holdings 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										7.11	6.08	6.14	6.48	8.04

Perennial Energy Holdings Inventory Turnover Calculation

Perennial Energy Holdings'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 )
=	843.668	/ (	(55.215	+	63.258)	/	2 )
=	843.668	/	59.2365
=	14.24

Perennial Energy Holdings'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 )
=	481.529	/ (	(56.474	+	63.258)	/	2 )
=	481.529	/	59.866
=	8.04

Perennial Energy Holdings (HKSE:02798) 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.

Perennial Energy Holdings'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
	=	59.866	/	481.529	*	365 / 2
	=	22.69

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.

Perennial Energy Holdings'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 )
	=	59.866	/	1168.425
	=	0.05

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.

Perennial Energy Holdings Inventory Turnover Related Terms

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Perennial Energy Holdings (HKSE:02798) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Perennial Energy Holdings Ltd (HKSE:02798) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

PEZ:Germany

Address

Hongguo Economic Development Area, Office Building next to E' Lang Pu Leisure Square, Guizhou Province, Liupanshui, CHN

Website

https://www.perennialenergy.hk

Perennial Energy Holdings Ltd is a coal mining. The company operates two underground coal mines in the Songshan coalfield in western Panzhou City, Guizhou Province, the People's Republic of China, namely, the Hongguo Mine and the Baogushan Mine. The revenue of the company is derived from the production and sales of coal products including clean coal, middling coal, and sludge coal; and the sale of coalbed methane gas as well as subcontracting income on coal washing services for Bangda in the People's Republic of China.

Executives

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Yu Bang Ping
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Qu Liu Mei	2202 Interest of your spouse
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Leung Ka Hung

Perennial Energy Holdings (HKSE:02798) Headlines

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