China High-Speed Railway Technology Co (SZSE:000008) Inventory Turnover : 0.13 (As of Mar. 2024)

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What is China High-Speed Railway Technology 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 High-Speed Railway Technology Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥105 Mil. China High-Speed Railway Technology Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥827 Mil. China High-Speed Railway Technology Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.13.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. China High-Speed Railway Technology Co's Days Inventory for the three months ended in Mar. 2024 was 721.40.

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 High-Speed Railway Technology Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 4.58.

China High-Speed Railway Technology Co Inventory Turnover Historical Data

The historical data trend for China High-Speed Railway Technology 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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China High-Speed Railway Technology Co Inventory Turnover Chart

China High-Speed Railway Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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2.45

1.37

1.34

1.06

2.05

China High-Speed Railway Technology 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															0.26	0.26	0.29	1.09	0.13

China High-Speed Railway Technology Co Inventory Turnover Calculation

China High-Speed Railway Technology 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 )
=	1898.496	/ (	(1054.922	+	797.185)	/	2 )
=	1898.496	/	926.0535
=	2.05

China High-Speed Railway Technology 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 )
=	104.553	/ (	(797.185	+	855.952)	/	2 )
=	104.553	/	826.5685
=	0.13

China High-Speed Railway Technology Co (SZSE:000008) 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 High-Speed Railway Technology 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
	=	826.5685	/	104.553	*	365 / 4
	=	721.40

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 High-Speed Railway Technology 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 )
	=	826.5685	/	180.32
	=	4.58

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 High-Speed Railway Technology Co Inventory Turnover Related Terms

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China High-Speed Railway Technology Co (SZSE:000008) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » China High-Speed Railway Technology Co Ltd (SZSE:000008) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

Gaoliangqiao Street, 16 / F, Building 1, No. 59, Haidian District, Beijing, CHN, 100044

Website

http://www.shenzhou-gaotie.com

China High-Speed Railway Technology Co Ltd is a China-based company engages in the operation and maintenance of rail transit. Its products include high power locomotive, long rail welding, and maintenance series, power supply system operation, railway intelligent equipment and station scheduling series. It provides overall solutions, core equipment, and integrated services for rail transit operations and maintenance.

Executives

Wang Zhi Quan	Directors, executives
Gao Hui	Supervisors
Wang Li Qun	Executives
Chen Wen He	Securities Affairs Representative
Lai Wei Qiang	Director
Xu Jin	Independent director
Chen Han Lun	Supervisors
Yang Jian	Supervisors

China High-Speed Railway Technology Co (SZSE:000008) Headlines

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