Ningbo Construction Co (SHSE:601789) Inventory Turnover : 5.61 (As of Mar. 2024)

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What is Ningbo Construction 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. Ningbo Construction Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥5,267 Mil. Ningbo Construction Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥939 Mil. Ningbo Construction Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 5.61.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Ningbo Construction Co's Days Inventory for the three months ended in Mar. 2024 was 16.27.

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. Ningbo Construction Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.17.

Ningbo Construction Co Inventory Turnover Historical Data

The historical data trend for Ningbo Construction 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.

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Ningbo Construction Co Inventory Turnover Chart

Ningbo Construction Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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6.72

28.47

28.66

25.09

24.35

Ningbo Construction 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															5.59	4.28	4.75	7.83	5.61

Ningbo Construction Co Inventory Turnover Calculation

Ningbo Construction 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 )
=	20672.33	/ (	(855.06	+	843.094)	/	2 )
=	20672.33	/	849.077
=	24.35

Ningbo Construction 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 )
=	5267.121	/ (	(843.094	+	1035.39)	/	2 )
=	5267.121	/	939.242
=	5.61

Ningbo Construction Co (SHSE:601789) 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.

Ningbo Construction 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
	=	939.242	/	5267.121	*	365 / 4
	=	16.27

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.

Ningbo Construction 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 )
	=	939.242	/	5671.54
	=	0.17

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.

Ningbo Construction Co Inventory Turnover Related Terms

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Ningbo Construction Co (SHSE:601789) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Ningbo Construction Co Ltd (SHSE:601789) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

No.538, Ningtong Road, Yinzhou District, Ningbo, CHN, 315040

Website

http://www.jiangong.com.cn

Ningbo Construction Co Ltd is a China-based construction company. It is engaged in the housing construction and general construction business. In addition, the company is also involved in the operation of civil engineering, engineering design, municipal garden, equipment installation and equipment leasing. Its business scope covers engineering survey, architectural design, housing construction and municipal general contracting, rail transit, mechanical and electrical equipment installation, decoration and decoration, steel structure, commercial concrete and prefabricated components. The business segments of the company are the Survey and design section, General contracting sector, and Industrial building sector.

Executives

Chen Xian Hua	Director
Pan Xin Qiang	Director
Chen Jian Guo	Director
Li Zhang Chun	senior management
Weng Hai Yong	Director
Lu Xiang Kang	Supervisors
Yu Wu Zheng	Supervisors
Chen Bao Kang	senior management
Wang Shan Bo	Director
Meng Wen Hua	Director
Xu Wen Wei	Director
Huang Huan Jun	senior management
Zhou Gang Xiang	Supervisors
Li Shui Ming	senior management

Ningbo Construction Co (SHSE:601789) Headlines

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