Central China Real Estate (Central China Real Estate) Inventory Turnover : 0.13 (As of Dec. 2023)

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What is Central China Real Estate 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. Central China Real Estate's Cost of Goods Sold for the six months ended in Dec. 2023 was $1,440 Mil. Central China Real Estate's Average Total Inventories for the quarter that ended in Dec. 2023 was $11,202 Mil. Central China Real Estate's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.13.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Central China Real Estate's Days Inventory for the six months ended in Dec. 2023 was 1,419.52.

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. Central China Real Estate's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 7.15.

Central China Real Estate Inventory Turnover Historical Data

The historical data trend for Central China Real Estate'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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Central China Real Estate Inventory Turnover Chart

Central China Real Estate Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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0.38

0.45

0.40

0.24

0.20

Central China Real Estate Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															0.20	0.07	0.16	0.08	0.13

Central China Real Estate Inventory Turnover Calculation

Central China Real Estate'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 )
=	2423.137	/ (	(13233.585	+	10564.272)	/	2 )
=	2423.137	/	11898.9285
=	0.20

Central China Real Estate'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 )
=	1440.147	/ (	(11839.195	+	10564.272)	/	2 )
=	1440.147	/	11201.7335
=	0.13

Central China Real Estate (OTCPK:CNLLF) 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.

Central China Real Estate'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
	=	11201.7335	/	1440.147	*	365 / 2
	=	1,419.52

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.

Central China Real Estate'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 )
	=	11201.7335	/	1566.735
	=	7.15

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.

Central China Real Estate Inventory Turnover Related Terms

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Central China Real Estate (Central China Real Estate) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Central China Real Estate Ltd (OTCPK:CNLLF) » Definitions » Inventory Turnover

Traded in Other Exchanges

00832:Hong Kong AJ5:Germany

Address

Nongye East Road, Block E, Jianye Office Building, Henan Province, Zhengzhou, CHN

Website

http://www.jianye.com.cn

Central China Real Estate Limited is a Hong Kong-based investment holding company principally engaged in property businesses. The Company's main businesses include the development of property projects for sales and rental, as well as hotel operations. Its properties include Zhengzhou Tianzhu, Zhengzhou Triumph Plaza, Pingdingshan Eighteen Cities, and Jiaozuo Xiuwu Forest Peninsula, among others. Its hotels include Le Meridien Zhengzhou, Aloft Zhengzhou Shangjie, and Holiday Inn Nanyang, among others. The Company is also involved in the businesses of cultural tourism projects and light-asset model projects. The Company mainly operates businesses in Henan, China.

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