China Yuchai International (China Yuchai International) Inventory Turnover

: 1.52 (As of Jun. 2023)

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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 Yuchai International's Cost of Goods Sold for the six months ended in Jun. 2023 was $1,064 Mil. China Yuchai International's Average Total Inventories for the quarter that ended in Jun. 2023 was $700 Mil. China Yuchai International's Inventory Turnover for the quarter that ended in Jun. 2023 was 1.52.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. China Yuchai International's Days Inventory for the six months ended in Jun. 2023 was 120.01.

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 Yuchai International's Inventory-to-Revenue for the quarter that ended in Jun. 2023 was 0.55.

China Yuchai International Inventory Turnover Historical Data

The historical data trend for China Yuchai International'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 Yuchai International Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

5.49

4.87

3.82

2.51

2.98

China Yuchai International Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Inventory Turnover																1.62	1.51	1.35	1.52	1.51

China Yuchai International Inventory Turnover Calculation

China Yuchai International's Inventory Turnover for the fiscal year that ended in Dec. 2022 is calculated as

	Inventory Turnover (A: Dec. 2022 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2022 )	/ (	(Total Inventories (A: Dec. 2021 )	+	Total Inventories (A: Dec. 2022 ))	/	count )
=	1922.054	/ (	(820.31	+	710.654)	/	2 )
=	1922.054	/	765.482
=	2.51

China Yuchai International's Inventory Turnover for the quarter that ended in Jun. 2023 is calculated as

	Inventory Turnover (Q: Jun. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jun. 2023 )	/ (	(Total Inventories (Q: Dec. 2022 )	+	Total Inventories (Q: Jun. 2023 ))	/	count )
=	1063.896	/ (	(710.654	+	688.564)	/	2 )
=	1063.896	/	699.609
=	1.52

China Yuchai International (NYSE:CYD) 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 Yuchai International's Days Inventory for the six months ended in Jun. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2023 )	/	Cost of Goods Sold (Q: Jun. 2023 )	*	Days in Period
	=	699.609	/	1063.896	*	365 / 2
	=	120.01

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 Yuchai International's Inventory to Revenue for the quarter that ended in Jun. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2023 )	/	Revenue (Q: Jun. 2023 )
	=	699.609	/	1280.616
	=	0.55

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 Yuchai International Inventory Turnover Related Terms

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China Yuchai International (China Yuchai International) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » China Yuchai International Ltd (NYSE:CYD) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

CYD:Germany

Address

16 Raffles Quay No. 39-01A, No. 39-01A, Hong Leong Building, Singapore, SGP, 048581

Website

https://www.cyilimited.com

China Yuchai International Ltd is a Bermuda holding company that is a subsidiary of Singapore-based Hong Leong Asia. China Yuchai International primarily operates through its majority-owned subsidiary Guangxi Yuchai Machinery Company, a China-based company that manufactures, assembles, and distributes diesel engines for various vehicles including trucks, buses, and cars, as well as construction and agricultural, marine, and power-generation equipment. The company generates the majority of its sales from the Chinese market.