CECEP Wind Power (SHSE:601016) Inventory Turnover : 4.66 (As of Mar. 2024)

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What is CECEP Wind Power 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. CECEP Wind Power's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥597 Mil. CECEP Wind Power's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥128 Mil. CECEP Wind Power's Inventory Turnover for the quarter that ended in Mar. 2024 was 4.66.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. CECEP Wind Power's Days Inventory for the three months ended in Mar. 2024 was 19.57.

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. CECEP Wind Power's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.10.

CECEP Wind Power Inventory Turnover Historical Data

The historical data trend for CECEP Wind Power'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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CECEP Wind Power Inventory Turnover Chart

CECEP Wind Power Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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8.53

9.10

10.74

13.19

16.34

CECEP Wind Power 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															3.37	3.35	3.22	4.16	4.66

CECEP Wind Power Inventory Turnover Calculation

CECEP Wind Power'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 )
=	2371.592	/ (	(166.207	+	124.102)	/	2 )
=	2371.592	/	145.1545
=	16.34

CECEP Wind Power'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 )
=	597.457	/ (	(124.102	+	132.224)	/	2 )
=	597.457	/	128.163
=	4.66

CECEP Wind Power (SHSE:601016) 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.

CECEP Wind Power'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
	=	128.163	/	597.457	*	365 / 4
	=	19.57

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.

CECEP Wind Power'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 )
	=	128.163	/	1325.092
	=	0.10

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.

CECEP Wind Power Inventory Turnover Related Terms

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CECEP Wind Power (SHSE:601016) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » CECEP Wind Power Corp (SHSE:601016) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

Jieneng Mansion No.42, Xizhimen North Street, 12F Building A, Haidian District, Beijing, CHN, 100082

Website

http://www.cecwpc.cn

CECEP Wind Power Corp is a China-based company engages in the development, investment management, construction, operation and maintenance of wind power projects. It also involves in integrated resource exploration as well as engages in the manufacture and construction of turbine design. It holds main wind power station projects, which situated at Zhangbei, Hebei province, Dabancheng, Xinjiang Province, and Jiuquan, Gansu province, China.

Executives

Liu Bin	Directors, senior managers
Zheng Cai Xia	senior management
Jia Rui	senior management
Luo Jie	senior management
Guo Yi	senior management
Zhang Hua Yao	senior management

CECEP Wind Power (SHSE:601016) Headlines

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