Henan Zhongyuan Expressway Co (SHSE:600020) Inventory Turnover : 0.10 (As of Mar. 2024)

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What is Henan Zhongyuan Expressway Co 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. Henan Zhongyuan Expressway Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥472 Mil. Henan Zhongyuan Expressway Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥4,840 Mil. Henan Zhongyuan Expressway Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.10.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Henan Zhongyuan Expressway Co's Days Inventory for the three months ended in Mar. 2024 was 936.41.

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. Henan Zhongyuan Expressway Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 4.42.

Henan Zhongyuan Expressway Co Inventory Turnover Historical Data

The historical data trend for Henan Zhongyuan Expressway Co'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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Henan Zhongyuan Expressway Co Inventory Turnover Chart

Henan Zhongyuan Expressway Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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0.94

0.86

1.37

0.69

Henan Zhongyuan Expressway Co 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															0.11	0.11	0.17	0.30	0.10

Henan Zhongyuan Expressway Co Inventory Turnover Calculation

Henan Zhongyuan Expressway Co'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 )
=	3321.045	/ (	(4764.786	+	4819.086)	/	2 )
=	3321.045	/	4791.936
=	0.69

Henan Zhongyuan Expressway Co'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 )
=	471.604	/ (	(4819.086	+	4860.174)	/	2 )
=	471.604	/	4839.63
=	0.10

Henan Zhongyuan Expressway Co (SHSE:600020) 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.

Henan Zhongyuan Expressway Co'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
	=	4839.63	/	471.604	*	365 / 4
	=	936.41

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.

Henan Zhongyuan Expressway Co'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 )
	=	4839.63	/	1094.55
	=	4.42

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.

Henan Zhongyuan Expressway Co Inventory Turnover Related Terms

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Henan Zhongyuan Expressway Co (SHSE:600020) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Henan Zhongyuan Expressway Co Ltd (SHSE:600020) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

No. 93 Zhongyuan Road, Zhengzhou, Henan, CHN, 450052

Website

http://www.zygs.com

Henan Zhongyuan Expressway Co Ltd engages in investment, operation, management, and maintenance of high-grade highways, independent bridges, and other transportation infrastructure projects. It operates Zhengxi, Zhumadian, Zhengzhou, Pingdingshan, Zhengxin yellow river bridge, Zhengkai, Shangqiu, and Jixian County projects. The company also engages in the highway construction, management, investment, and financing systems.

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