LONGi Green Energy Technology Co (SHSE:601012) Inventory Turnover : 0.73 (As of Mar. 2024)

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What is LONGi Green Energy Technology 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. LONGi Green Energy Technology Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥16,103 Mil. LONGi Green Energy Technology Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥22,076 Mil. LONGi Green Energy Technology Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.73.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. LONGi Green Energy Technology Co's Days Inventory for the three months ended in Mar. 2024 was 125.10.

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. LONGi Green Energy Technology Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 1.25.

LONGi Green Energy Technology Co Inventory Turnover Historical Data

The historical data trend for LONGi Green Energy Technology 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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LONGi Green Energy Technology Co Inventory Turnover Chart

LONGi Green Energy Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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4.40

4.62

5.04

6.54

5.18

LONGi Green Energy Technology Co 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															1.11	1.30	0.99	1.30	0.73

LONGi Green Energy Technology Co Inventory Turnover Calculation

LONGi Green Energy Technology 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 )
=	105852.25	/ (	(19317.556	+	21539.561)	/	2 )
=	105852.25	/	20428.5585
=	5.18

LONGi Green Energy Technology Co'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 )
=	16102.693	/ (	(21539.561	+	22613.261)	/	2 )
=	16102.693	/	22076.411
=	0.73

LONGi Green Energy Technology Co (SHSE:601012) 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.

LONGi Green Energy Technology Co'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
	=	22076.411	/	16102.693	*	365 / 4
	=	125.10

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.

LONGi Green Energy Technology Co'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 )
	=	22076.411	/	17673.585
	=	1.25

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.

LONGi Green Energy Technology Co Inventory Turnover Related Terms

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LONGi Green Energy Technology Co (SHSE:601012) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » LONGi Green Energy Technology Co Ltd (SHSE:601012) » Definitions » Inventory Turnover

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Address

Innovation Incubation Center Block B, Shangji Road 8989 Xi'an Service Outsourcing Industrial Park, Xi'an Economic and Technological Development Zone, Xian, CHN, 710018

Website

http://www.longigroup.com

LONGi Green Energy Technology is the largest integrated solar company in the world. It produced 85.9 gigawatts of solar silicon wafers and 48.2 GW of solar modules in 2022, both the most globally. Solar silicon wafer and solar module contributed 30% and 66% of revenue in 2022, respectively. LONGi's production bases are mostly in China. LONGi's products are sold in more than 150 countries and regions.

Executives

Zhong Bao Shen	Director
Tian Ye	Director
Liu Xue Wen	Director
Bai Zhong Xue	Director
Liu Xiao Dong	senior management
Li Zhen Guo	Director
Qin Yong Bo	Supervisors
Xu Da Peng	Director
Zou Zong Hai	Director
Li Chun An	Director
Wang Xiao Zhe	senior management
Huang Li Xin	senior management
Dai Su	Supervisors
Hu Zhong Xiang	Director
Zhang Yi Tao	senior management

LONGi Green Energy Technology Co (SHSE:601012) Headlines

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