China Communications Services (HKSE:00552) Inventory Turnover : 48.74 (As of Dec. 2023)

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What is China Communications Services 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 Communications Services's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$72,213 Mil. China Communications Services's Average Total Inventories for the quarter that ended in Dec. 2023 was HK$1,482 Mil. China Communications Services's Inventory Turnover for the quarter that ended in Dec. 2023 was 48.74.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. China Communications Services's Days Inventory for the six months ended in Dec. 2023 was 3.74.

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 Communications Services's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.02.

China Communications Services Inventory Turnover Historical Data

The historical data trend for China Communications Services'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 Communications Services Inventory Turnover Chart

China Communications Services Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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48.54

61.71

76.53

83.09

101.32

China Communications Services 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															38.58	40.02	42.13	44.93	48.74

China Communications Services Inventory Turnover Calculation

China Communications Services'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 )
=	143675.979	/ (	(1526.896	+	1309.193)	/	2 )
=	143675.979	/	1418.0445
=	101.32

China Communications Services'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 )
=	72212.944	/ (	(1654.238	+	1309.193)	/	2 )
=	72212.944	/	1481.7155
=	48.74

China Communications Services (HKSE:00552) 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 Communications Services'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
	=	1481.7155	/	72212.944	*	365 / 2
	=	3.74

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 Communications Services'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 )
	=	1481.7155	/	82520.283
	=	0.02

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 Communications Services Inventory Turnover Related Terms

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China Communications Services (HKSE:00552) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » China Communications Services Corp Ltd (HKSE:00552) » Definitions » Inventory Turnover

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CUCSF:USA CMW:Germany

Address

Fenghuangzui Street, Block No. 1, Compound No. 1, Fengtai District, Beijing, CHN, 100073

Website

https://www.chinaccs.com.hk

China Communications Services Corp Ltd is active in the technology sector. It provides integrated comprehensive solutions for the informatization and digitalization sector. It provides integrated solutions, including telecommunications infrastructure services, business process outsourcing services as well as applications, content, and other services to telecommunications operators, government agencies, industrial customers, and small-and-medium enterprises.

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