CRRC (HKSE:01766) Inventory Turnover : 0.32 (As of Mar. 2024)

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What is CRRC 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. CRRC's Cost of Goods Sold for the three months ended in Mar. 2024 was HK$26,249 Mil. CRRC's Average Total Inventories for the quarter that ended in Mar. 2024 was HK$80,917 Mil. CRRC's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.32.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. CRRC's Days Inventory for the three months ended in Mar. 2024 was 281.30.

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. CRRC's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 2.31.

CRRC Inventory Turnover Historical Data

The historical data trend for CRRC'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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CRRC Inventory Turnover Chart

CRRC Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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3.01

2.95

2.93

2.69

2.77

CRRC 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															0.37	0.55	0.50	0.91	0.32

CRRC Inventory Turnover Calculation

CRRC'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 )
=	199178.671	/ (	(70504.917	+	73117.74)	/	2 )
=	199178.671	/	71811.3285
=	2.77

CRRC'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 )
=	26248.668	/ (	(73117.74	+	88716.155)	/	2 )
=	26248.668	/	80916.9475
=	0.32

CRRC (HKSE:01766) 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.

CRRC'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
	=	80916.9475	/	26248.668	*	365 / 4
	=	281.30

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.

CRRC'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 )
	=	80916.9475	/	34960.215
	=	2.31

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.

CRRC Inventory Turnover Related Terms

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CRRC (HKSE:01766) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » CRRC Corp Ltd (HKSE:01766) » Definitions » Inventory Turnover

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CRCCY:USA C2L:Germany 601766:China

Address

No. 16-5, Central West Fourth Ring Road, Haidian District, Beijing, CHN, 100036

Website

https://www.crrcgc.cc

CRRC Corp Ltd manufactures products which are used for transportation through railroads. Its product portfolio includes rolling stock, rail transit vehicles, engineering machinery, electrical equipment and related parts, and environmental protection products. The company also engages in allied activities like refurbishment, leasing, technical support to clients, investment, and management, as well as import and export business. Its business operations are spread across Mainland China which derives the highest revenue, and a few other countries.

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