China Shanshui Cement Group (China Shanshui Cement Group) Inventory Turnover : 3.48 (As of Dec. 2023)

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What is China Shanshui Cement Group 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 Shanshui Cement Group's Cost of Goods Sold for the six months ended in Dec. 2023 was $1,200 Mil. China Shanshui Cement Group's Average Total Inventories for the quarter that ended in Dec. 2023 was $345 Mil. China Shanshui Cement Group's Inventory Turnover for the quarter that ended in Dec. 2023 was 3.48.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. China Shanshui Cement Group's Days Inventory for the six months ended in Dec. 2023 was 52.45.

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 Shanshui Cement Group's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.27.

China Shanshui Cement Group Inventory Turnover Historical Data

The historical data trend for China Shanshui Cement Group'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 Shanshui Cement Group Inventory Turnover Chart

China Shanshui Cement Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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8.16

6.71

6.97

5.63

5.94

China Shanshui Cement Group 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	Get a 7-Day Free Trial															3.98	2.47	2.77	2.50	3.48

China Shanshui Cement Group Inventory Turnover Calculation

China Shanshui Cement Group'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 )
=	2269.373	/ (	(463.346	+	300.214)	/	2 )
=	2269.373	/	381.78
=	5.94

China Shanshui Cement Group's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

	Inventory Turnover (Q: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2023 )	/ (	(Total Inventories (Q: Jun. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	1199.611	/ (	(389.257	+	300.214)	/	2 )
=	1199.611	/	344.7355
=	3.48

China Shanshui Cement Group (OTCPK:CSCGY) 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 Shanshui Cement Group's Days Inventory for the six months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	344.7355	/	1199.611	*	365 / 2
	=	52.45

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 Shanshui Cement Group's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	344.7355	/	1297.622
	=	0.27

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 Shanshui Cement Group Inventory Turnover Related Terms

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China Shanshui Cement Group (China Shanshui Cement Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » China Shanshui Cement Group Ltd (OTCPK:CSCGY) » Definitions » Inventory Turnover

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Traded in Other Exchanges

00691:Hong Kong

Address

Shanshui Industrial Park, Gushan Town, Changqing District, Shandong, Jinan, CHN, 250307

Website

http://www.shanshuicement.com

China Shanshui Cement Group Ltd is a cement producer in China. The company manufactures and sells cement, clinker, and concrete in several provinces of China. Its geographic segments include Shandong Province which contributes to the majority of revenue and several other provinces of China that include Northeastern China, Shanxi Province, and Xinjiang Region. Its products are used for national key projects, railways, highways, airports, real estates and other infrastructure construction and exported to more than 60 countries and other international markets.

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