Silk Road Energy Services Group (HKSE:08250) Inventory Turnover : 1,276.13 (As of Dec. 2023)

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What is Silk Road Energy Services Group 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. Silk Road Energy Services Group's Cost of Goods Sold for the three months ended in Dec. 2023 was HK$1,471 Mil. Silk Road Energy Services Group's Average Total Inventories for the quarter that ended in Dec. 2023 was HK$1 Mil. Silk Road Energy Services Group's Inventory Turnover for the quarter that ended in Dec. 2023 was 1,276.13.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Silk Road Energy Services Group's Days Inventory for the three months ended in Dec. 2023 was 0.07.

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. Silk Road Energy Services Group's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.00.

Silk Road Energy Services Group Inventory Turnover Historical Data

The historical data trend for Silk Road Energy Services Group'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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Silk Road Energy Services Group Inventory Turnover Chart

Silk Road Energy Services Group Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Inventory Turnover

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112.90

1,217.95

Silk Road Energy Services Group Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															506.91	532.71	523.10	609.85	1,276.13

Silk Road Energy Services Group Inventory Turnover Calculation

Silk Road Energy Services Group's Inventory Turnover for the fiscal year that ended in Jun. 2023 is calculated as

	Inventory Turnover (A: Jun. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Jun. 2023 )	/ (	(Total Inventories (A: Jun. 2022 )	+	Total Inventories (A: Jun. 2023 ))	/	count )
=	5150.709	/ (	(6.128	+	2.33)	/	2 )
=	5150.709	/	4.229
=	1,217.95

Silk Road Energy Services Group'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: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	1471.38	/ (	(0	+	1.153)	/	1 )
=	1471.38	/	1.153
=	1,276.13

Silk Road Energy Services Group (HKSE:08250) 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.

Silk Road Energy Services Group's Days Inventory for the three 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
	=	1.153	/	1471.38	*	365 / 4
	=	0.07

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.

Silk Road Energy Services Group'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 )
	=	1.153	/	1478.998
	=	0.00

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.

Silk Road Energy Services Group Inventory Turnover Related Terms

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Silk Road Energy Services Group (HKSE:08250) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Other Energy Sources » Silk Road Energy Services Group Ltd (HKSE:08250) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

166 -168 Gloucester Road, 16th Floor, Sing Ho Financial Building, Hong Kong, HKG

Website

https://www.silkroadenergy.com.hk

Silk Road Energy Services Group Ltd is a Hong Kong-based investment holding company involved in the coal mining business. It operates through given segments Trading fresh produce products, Coal mining and construction services, Money lending and Heating supply services. Its business is spread across Hong Kong, the People's Republic of China, and Mongolia. The majority of the revenue is contributed by Trading of fresh produce products.

Executives

Xu Gongming	2201 Interest of corporation controlled by you
Hong Shu Wan Tou Zi Ji Tuan Guo Ji You Xian Gong Si	2101 Beneficial owner
Yan Weiwei	2201 Interest of corporation controlled by you
Xing Lian Ke Ji You Xian Gong Si	2101 Beneficial owner
Wei Kai	2101 Beneficial owner
Chen Ying	2101 Beneficial owner
Liao Xiaofang	2101 Beneficial owner

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