China Enterprise Co (SHSE:600675) Inventory Turnover : 0.01 (As of Mar. 2024)

View and export this data going back to 1993. Start your Free Trial

What is China Enterprise 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. China Enterprise Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥370 Mil. China Enterprise Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥26,999 Mil. China Enterprise Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.01.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. China Enterprise Co's Days Inventory for the three months ended in Mar. 2024 was 6,662.14.

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. China Enterprise Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 58.98.

China Enterprise Co Inventory Turnover Historical Data

The historical data trend for China Enterprise 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.

China Enterprise Co Inventory Turnover Chart

China Enterprise Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

Get a 7-Day Free Trial

0.27

0.31

0.27

0.07

0.30

China Enterprise 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															0.01	0.05	0.15	0.08	0.01

China Enterprise Co Inventory Turnover Calculation

China Enterprise 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 )
=	9200.494	/ (	(34880.349	+	26975.928)	/	2 )
=	9200.494	/	30928.1385
=	0.30

China Enterprise 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 )
=	369.799	/ (	(26975.928	+	27021.923)	/	2 )
=	369.799	/	26998.9255
=	0.01

China Enterprise Co (SHSE:600675) 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.

China Enterprise 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
	=	26998.9255	/	369.799	*	365 / 4
	=	6,662.14

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.

China Enterprise 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 )
	=	26998.9255	/	457.776
	=	58.98

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.

China Enterprise Co Inventory Turnover Related Terms

Thank you for viewing the detailed overview of China Enterprise Co's Inventory Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

China Enterprise Co (SHSE:600675) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » China Enterprise Co Ltd (SHSE:600675) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

No. 2 Huashan Road, Shanghai, CHN, 200125

Website

http://www.cecl.com.cn

China Enterprise Co Ltd is principally engaged in the development and operation of real estate. The company provides housing renovation, housing loans, real estate brokerage, and other services. China Enterprise also provides repair services.

Executives

Wang Bin	Director
Dong Hong	senior management
Yin Xue Qing	senior management
Zhong Yi Ming	senior management
Ni Bo Shi	senior management
Tang Zhe	Supervisors
Ling Xiao Jie	senior management
Lu Yun Feng	senior management
Dai Zhi Wei	Director
Chen Li	Supervisors
Jiang Wei	Director
Zhu Sheng Jie	Director
Sun Yi	senior management
Zhang Di Ming	Supervisors
Li Min	senior management

China Enterprise Co (SHSE:600675) Headlines

No Headlines