Canggang Railway (HKSE:02169) Inventory Turnover : 1.91 (As of Dec. 2023)

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What is Canggang Railway 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. Canggang Railway's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$117.7 Mil. Canggang Railway's Average Total Inventories for the quarter that ended in Dec. 2023 was HK$61.8 Mil. Canggang Railway's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.91.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Canggang Railway's Days Inventory for the six months ended in Dec. 2023 was 95.79.

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. Canggang Railway's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.33.

Canggang Railway Inventory Turnover Historical Data

The historical data trend for Canggang Railway'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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Canggang Railway Inventory Turnover Chart

Canggang Railway Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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47.56

39.71

38.69

8.11

4.06

Canggang Railway Semi-Annual Data
	Dec17	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Inventory Turnover	Get a 7-Day Free Trial						18.85	9.53	3.78	1.99	1.91

Canggang Railway Inventory Turnover Calculation

Canggang Railway'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 )
=	232.984	/ (	(53.536	+	61.357)	/	2 )
=	232.984	/	57.4465
=	4.06

Canggang Railway'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 )
=	117.665	/ (	(62.162	+	61.357)	/	2 )
=	117.665	/	61.7595
=	1.91

Canggang Railway (HKSE:02169) 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.

Canggang Railway'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
	=	61.7595	/	117.665	*	365 / 2
	=	95.79

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.

Canggang Railway'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 )
	=	61.7595	/	186.799
	=	0.33

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.

Canggang Railway Inventory Turnover Related Terms

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Canggang Railway (HKSE:02169) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Canggang Railway Ltd (HKSE:02169) » Definitions » Inventory Turnover

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Traded in Other Exchanges

N/A

Address

Yangzhuang Station, Yangerzhuang Town, Huanghua, Hebei Province, Cangzhou, CHN

Website

https://www.czcgtl.com

Canggang Railway Ltd is a local railway operator based in Hebei Province. The company operates in two segments, rail freight transportation services, and other ancillary services, including loading and unloading, road freight transportation, construction, repair and maintenance of Special Service Lines, railway roadbed and other railway facility construction, and certain other businesses. It operates one railway, the Canggang Railway Line, which connects the Shuo-Huang Railway Line and the Han-Huang Railway Line with the Bohai New Area in Cangzhou. Its railway line also connects the Beijing-Shanghai Railway Line. The company earns its revenue from rail freight transportation services.

Executives

Zhong Guo Ren Shou Zi Chan Guan Li You Xian Gong Si	2201 Interest of corporation controlled by you
Zhong Guo Ren Shou Bao Xian Gu Fen You Xian Gong Si	2201 Interest of corporation controlled by you
Zhong Guo Ren Shou Bao Xian Ji Tuan Gong Si	2201 Interest of corporation controlled by you
Guo Shou An Bao Ji Jin Guan Li You Xian Gong Si	2501 Other
Guo Shou An Bao Hai Wai Hao Dan Yi Zi Chan Guan Li Ji Hua	2501 Other
Zhang Lijie	2201 Interest of corporation controlled by you
Zhang Lihuan	2201 Interest of corporation controlled by you
Zhang Ning	2201 Interest of corporation controlled by you
Zhang Ruiqiu	2201 Interest of corporation controlled by you
Zhang Weiwei	2202 Interest of your spouse
Zhang Xiaogeng	2201 Interest of corporation controlled by you
Zhang Xiaosuo	2201 Interest of corporation controlled by you
Zhang Xiaoxia	2202 Interest of your spouse
Zhang Yanfeng	2201 Interest of corporation controlled by you
Zhou Qiuju	2202 Interest of your spouse

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