CSSC Offshore & Marine Engineering (Group) Co (SHSE:600685) Change In Inventory : ¥0 Mil (TTM As of Mar. 2024)

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What is CSSC Offshore & Marine Engineering (Group) Co Change In Inventory?

CSSC Offshore & Marine Engineering (Group) Co's change in inventory for the quarter that ended in Mar. 2024 was ¥0 Mil. It means CSSC Offshore & Marine Engineering (Group) Co's inventory stayed the same from Dec. 2023 to Mar. 2024 .

CSSC Offshore & Marine Engineering (Group) Co's change in inventory for the fiscal year that ended in Dec. 2023 was ¥-993 Mil. It means CSSC Offshore & Marine Engineering (Group) Co's inventory increased by ¥993 Mil from Dec. 2022 to Dec. 2023 .

CSSC Offshore & Marine Engineering (Group) Co's Total Inventories for the quarter that ended in Mar. 2024 was ¥6,294 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. CSSC Offshore & Marine Engineering (Group) Co's Days Inventory for the quarter that ended in Mar. 2024 was 209.84.

Inventory Turnover measures how fast the company turns over its inventory within a year. CSSC Offshore & Marine Engineering (Group) Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.43.

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. CSSC Offshore & Marine Engineering (Group) Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 2.09.

CSSC Offshore & Marine Engineering (Group) Co Change In Inventory Historical Data

The historical data trend for CSSC Offshore & Marine Engineering (Group) Co's Change In Inventory 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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CSSC Offshore & Marine Engineering (Group) Co Change In Inventory Chart

CSSC Offshore & Marine Engineering (Group) Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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616.57

119.99

874.57

641.67

-992.65

CSSC Offshore & Marine Engineering (Group) Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
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CSSC Offshore & Marine Engineering (Group) Co Change In Inventory Calculation

Change In Inventory is the difference between last period's ending inventory and the current period's ending inventory.

Change In Inventory for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ¥0 Mil.

CSSC Offshore & Marine Engineering (Group) Co (SHSE:600685) Change In Inventory Explanation

1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

CSSC Offshore & Marine Engineering (Group) Co's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	5864.166	/	2550.009	*	365 / 4
	=	209.84

2. Inventory Turnover measures how fast the company turns over its inventory within a year.

CSSC Offshore & Marine Engineering (Group) Co's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	2550.009	/	5864.166
	=	0.43

3. 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.

CSSC Offshore & Marine Engineering (Group) Co's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	5864.166	/	2806.869
	=	2.09

CSSC Offshore & Marine Engineering (Group) Co Change In Inventory Related Terms

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CSSC Offshore & Marine Engineering (Group) Co (SHSE:600685) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » CSSC Offshore & Marine Engineering (Group) Co Ltd (SHSE:600685) » Definitions » Change In Inventory

Comparable Companies

Traded in Other Exchanges

00317:Hong Kong GSZ:Germany

Address

No. 137 Gexin Road, 15th Floor, Marine Tower, Shipping Building, Haizhu District, Guangdong Province, Guangzhou, CHN, 510250

Website

http://comec.cssc.net.cn

CSSC Offshore & Marine Engineering (Group) Co Ltd manufactures military and civil ships and conducts off-shore engineering. The functions of the boats have a wide range, including military, patrol, rescue, and transportation. Multiple subsidiaries allow the company to produce multiple ships and supply customized maintenance for clients. The company operates through three business segments: Shipbuilding and related business, Steel Structure engineering, Ship maintenance and modification, and others.

Executives

Wu Guang Jun

Supervisors

CSSC Offshore & Marine Engineering (Group) Co (SHSE:600685) Headlines

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