CSSC Offshore & Marine Engineering (Group) Co (FRA:GSZ) Inventory Turnover : 0.43 (As of Mar. 2024)

View and export this data going back to 2007. Start your Free Trial

What is CSSC Offshore & Marine Engineering (Group) 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. CSSC Offshore & Marine Engineering (Group) Co's Cost of Goods Sold for the three months ended in Mar. 2024 was €326 Mil. CSSC Offshore & Marine Engineering (Group) Co's Average Total Inventories for the quarter that ended in Mar. 2024 was €751 Mil. CSSC Offshore & Marine Engineering (Group) Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.43.

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 210.36.

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 Inventory Turnover Historical Data

The historical data trend for CSSC Offshore & Marine Engineering (Group) 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.

* Premium members only.

CSSC Offshore & Marine Engineering (Group) Co Inventory Turnover Chart

CSSC Offshore & Marine Engineering (Group) Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

Get a 7-Day Free Trial

4.52

2.51

2.40

2.53

3.01

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 Turnover	Get a 7-Day Free Trial															0.38	0.71	0.61	1.04	0.43

CSSC Offshore & Marine Engineering (Group) Co Inventory Turnover Calculation

CSSC Offshore & Marine Engineering (Group) 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 )
=	1936.149	/ (	(589.499	+	697.975)	/	2 )
=	1936.149	/	643.737
=	3.01

CSSC Offshore & Marine Engineering (Group) 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 )
=	325.767	/ (	(697.975	+	804.01)	/	2 )
=	325.767	/	750.9925
=	0.43

CSSC Offshore & Marine Engineering (Group) Co (FRA:GSZ) 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.

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
	=	750.9925	/	325.767	*	365 / 4
	=	210.36

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.

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 (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	750.9925	/	358.581
	=	2.09

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.

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

Thank you for viewing the detailed overview of CSSC Offshore & Marine Engineering (Group) Co's Inventory Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

CSSC Offshore & Marine Engineering (Group) Co (FRA:GSZ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » CSSC Offshore & Marine Engineering (Group) Co Ltd (FRA:GSZ) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

00317:Hong Kong 600685:China

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.

CSSC Offshore & Marine Engineering (Group) Co (FRA:GSZ) Headlines

No Headlines