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CSSC Offshore & Marine Engineering (Group) Co (SHSE:600685) Inventory-to-Revenue : 2.09 (As of Mar. 2024)


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What is CSSC Offshore & Marine Engineering (Group) Co Inventory-to-Revenue?

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 Average Total Inventories for the quarter that ended in Mar. 2024 was ¥5,864 Mil. CSSC Offshore & Marine Engineering (Group) Co's Revenue for the three months ended in Mar. 2024 was ¥2,807 Mil. 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's Inventory-to-Revenue for the quarter that ended in Mar. 2024 increased from Dec. 2023 (0.90) to Dec. 2023 (2.09)

An increase in Inventory-to-Revenue from one quarter to the next indicates that one of the following is happening:

1. investment in inventory is growing more rapidly than revenue
2. revenue are dropping
No matter which situation is causing the problem, an increase in the Inventory-to-Revenue may signal an oncoming cash flow problem.

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 three months 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.


CSSC Offshore & Marine Engineering (Group) Co Inventory-to-Revenue Historical Data

The historical data trend for CSSC Offshore & Marine Engineering (Group) Co's Inventory-to-Revenue 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.

* Premium members only.

CSSC Offshore & Marine Engineering (Group) Co Inventory-to-Revenue Chart

CSSC Offshore & Marine Engineering (Group) Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Inventory-to-Revenue
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.21 0.37 0.39 0.36 0.30

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
Inventory-to-Revenue Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.47 1.28 1.51 0.90 2.09

Competitive Comparison of CSSC Offshore & Marine Engineering (Group) Co's Inventory-to-Revenue

For the Aerospace & Defense subindustry, CSSC Offshore & Marine Engineering (Group) Co's Inventory-to-Revenue, along with its competitors' market caps and Inventory-to-Revenue data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


CSSC Offshore & Marine Engineering (Group) Co's Inventory-to-Revenue Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, CSSC Offshore & Marine Engineering (Group) Co's Inventory-to-Revenue distribution charts can be found below:

* The bar in red indicates where CSSC Offshore & Marine Engineering (Group) Co's Inventory-to-Revenue falls into.



CSSC Offshore & Marine Engineering (Group) Co Inventory-to-Revenue Calculation

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 fiscal year that ended in Dec. 2023 is calculated as

Inventory-to-Revenue (A: Dec. 2023 )
=Average Total Inventories / Revenue
=( (Total Inventories (A: Dec. 2022 ) + Total Inventories (A: Dec. 2023 )) / count ) / Revenue (A: Dec. 2023 )
=( (4353.611 + 5434.769) / 2 ) / 16145.951
=4894.19 / 16145.951
=0.30

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

Inventory-to-Revenue (Q: Mar. 2024 )
=Average Total Inventories / Revenue
=( (Total Inventories (Q: Dec. 2023 ) + Total Inventories (Q: Mar. 2024 )) / count ) / Revenue (Q: Mar. 2024 )
=( (5434.769 + 6293.563) / 2 ) / 2806.869
=5864.166 / 2806.869
=2.09

* 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.


CSSC Offshore & Marine Engineering (Group) Co  (SHSE:600685) Inventory-to-Revenue Explanation

An increase in Inventory-to-Revenue from one quarter to the next indicates that one of the following is happening:

1. investment in inventory is growing more rapidly than revenue
2. revenue are dropping
No matter which situation is causing the problem, an increase in the Inventory-to-Revenue may signal an oncoming cash flow problem.

Likewise, a decrease in the Inventory-to-Revenue from one quarter to next indicates that one of these is occurring:

1. investment in inventory is shrinking in relation to revenue
2. revenue are increasing
No matter which situation is causing the reduction in the Inventory-to-Revenue, either one suggests that business's inventory levels and its cash flow are effectively managed.

More Related Terms:

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 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
=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 (Q: Mar. 2024 ) / Average Total Inventories (Q: Mar. 2024 )
=2550.009 / 5864.166
=0.43

* 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.


CSSC Offshore & Marine Engineering (Group) Co Inventory-to-Revenue Related Terms

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

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