China Zhonghua Geotechnical Engineering Co (SZSE:002542) Inventory Turnover : 4.63 (As of Mar. 2024)

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What is China Zhonghua Geotechnical Engineering 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 Zhonghua Geotechnical Engineering Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥184 Mil. China Zhonghua Geotechnical Engineering Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥40 Mil. China Zhonghua Geotechnical Engineering Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 4.63.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. China Zhonghua Geotechnical Engineering Co's Days Inventory for the three months ended in Mar. 2024 was 19.70.

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 Zhonghua Geotechnical Engineering Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.19.

China Zhonghua Geotechnical Engineering Co Inventory Turnover Historical Data

The historical data trend for China Zhonghua Geotechnical Engineering 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 Zhonghua Geotechnical Engineering Co Inventory Turnover Chart

China Zhonghua Geotechnical Engineering Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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3.26

45.04

48.17

22.03

32.51

China Zhonghua Geotechnical Engineering 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															3.14	7.69	7.50	19.98	4.63

China Zhonghua Geotechnical Engineering Co Inventory Turnover Calculation

China Zhonghua Geotechnical Engineering 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 )
=	2513.016	/ (	(109.951	+	44.633)	/	2 )
=	2513.016	/	77.292
=	32.51

China Zhonghua Geotechnical Engineering 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 )
=	183.776	/ (	(44.633	+	34.709)	/	2 )
=	183.776	/	39.671
=	4.63

China Zhonghua Geotechnical Engineering Co (SZSE:002542) 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 Zhonghua Geotechnical Engineering 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
	=	39.671	/	183.776	*	365 / 4
	=	19.70

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 Zhonghua Geotechnical Engineering 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 )
	=	39.671	/	204.205
	=	0.19

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 Zhonghua Geotechnical Engineering Co Inventory Turnover Related Terms

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China Zhonghua Geotechnical Engineering Co (SZSE:002542) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » China Zhonghua Geotechnical Engineering Co Ltd (SZSE:002542) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

Aoyu Building, 2 Jinyuan Road Daxing Industrial Development Zone, Beijing, CHN, 102600

Website

http://www.cge.com.cn

China Zhonghua Geotechnical Engineering Co Ltd is a China-based company operates in the domestic geotechnical engineering industry. Its business operations organized into engineering services, general aviation, cultural tourism, and investment. The company's engineering business covers the construction of municipal infrastructure, airports, subways, oil and gas, petrochemicals, ports, and terminals. The general aviation business includes civil aviation airport engineering consulting, planning and design, project investment and management. The cultural tourism business includes the development and construction of projects such as the featured towns, theme parks, and general aviation towns. Its business is distributed throughout the country, and the national markets.

Executives

Liu Zhong Chi	Director
Song Wei Min	Director
Wu Yan Wei	Director
Wang Yong Gang	Supervisors
Wang Jian	Director
Liang Fu Hua	Director
Shui Wei Hou	Executives
Xiu Wei	Executives
Yang Yuan Hong	Executives
Wang Xi Liang	Executives
Wang Ya Ling	Director
Wang Xiu Ge	Executives
Chai Shi Zhong	Director

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